System Revenues Forecast by ABI Research Projects $845 MM in 2014
NEW YORK -- This year, roughly 37 million higher-frequency RFID and RTLS-enabled asset tracking and asset management tags are expected to ship. But in 2014, such shipments will total almost 150 million, according to a new study released by ABI Research. The compound annual growth rate (CAGR) for 2010-2014 is more than 40%.
"The basic function of asset tracking is to answer the question, 'Where has my stuff been?'" says practice director Michael Liard. "Asset management, based on RTLS technologies, refines that question to 'Where's my stuff right now?' Some new systems even add sensors, allowing the additional question, 'How are my assets?' Most industries need answers to these questions, but aerospace and defense, automotive manufacturing, commercial services, and non-CPG/industrial manufacturing are showing the fastest and strongest growth in the use of RFID systems."
During the recent global recession, businesses have continued to realize that
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With gas prices skyrocketing above $4 per gallon and analysts yesterday predicting $200 barrels by 2010, the ripple effect is causing chaos around the globe. These new price points are the catalyst on everything from the cost of corn to national security. Buried amidst the clamor is the sinister byproduct: fuel is more tempting a target for large scale theft than ever before. Imagine the temptation of a tanker truck driver in Ghana or Lithuania who can change his life, and
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Alaska is a Petri dish for RFID growth. Today's supply chains are a Petri dish for the spread of salmonella by tomatoes or jalapenos or some other produce. A unique use of RFID in Alaska, along with fresh produce and other perishable food stocks can arrest such food safety events and provide a footprint of where any food safety or security misstep occurred. When fresh jalapenos or tomatoes leave their warehouses in Texas or Mexico, and start their journey by
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The environmental benefits of energy harvesting are proving to be greater and more widespread than originally realised. Most importantly, the runaway use of small batteries is leading to uncontrolled disposal of poisons such as lithium and highly alkaline electrolytes. In industry, replacing the increasingly vast number of batteries is extremely expensive in both labor cost and materials. Energy harvesting is increasingly the only way
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