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The Total North
American RFID Market for Manufacturing and Logistics Generated $74.8
Million in 2005
Research and Markets
December 4, 2006
Research and Markets (http://www.researchandmarkets.com/reports/c46316)
has announced the addition of "North American RFID Markets for
Automotive and Aerospace & Industrial Manufacturing" to their
offering.
There is an increasing emphasis on evolving demand for responsive
systems and this necessitates integrating manufacturing applications
with ERP platforms and supply chain systems. The technology has
significant potential for the manufacturing and logistics sectors to
identify inventory (inbound and outbound), work-in-progress, critical
assets, spares, tools and high value components. RFID enabled logistic
structures ensure multiple data capture points thereby actualizing
true visibility into the movement of inventory. The technology
supports technical requirements of increasingly global logistic and
distribution structures that necessitate local responsiveness along
with global interoperability. RFID possess immense potential in this
regard provided market participants move towards deployment and
increased integration. |
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The total
North American RFID market for manufacturing and logistics generated
$74.8 million in 2005, which is the base year for the purpose of this
research service. The market is expected to grow at a compound annual
growth rate (CAGR) of 19.6 percent over the forecast period to reach
revenues of $261.8 million in 2012. The automotive and industrial
vertical segment markets account for the highest percent of market
revenues with 39.0 percent and 37.0 percent during 2005 which was the
base year of the research. The split of revenues by geographic regions
for the total market revenues indicates concentration of the present
market potential within USA. The region accounted for 57.3 percent of
the market revenues during the base year.
Expert Frost & Sullivan analysts thoroughly examine the following
market sectors in this research:
- Automotive
- Aerospace
- Industrial
- North America - USA, Canada and
Latin America
This Frost & Sullivan research
service entitled North American RFID Markets for Automotive and
Aerospace & Industrial Manufacturing provides an overview of the
revenues and growth rates for the total North American market and each
vertical and geographic segment along with an analysis of the market
and technology trends, end-user application trends and the competitive
landscape. In this research, Frost & Sullivans expert analysts
thoroughly examine the following markets:
- Vertical markets - aerospace,
automotive and Industrial
- Geographic markets - USA, Canada
and Latin America
This analysis is available through
our AutoID and Security Growth Partnership Services program. With this
program, clients receive industry-leading market research such as
this, along with technical and econometric data and many interactive
features including Analyst Inquiry Time and Client Councils.
For more information visit >http://www.researchandmarkets.com/reports/c46316 |
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