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RFID Production to Increase 25 fold by 2010

Posted by samzenpus on from the tag-you're-always-it dept.

Luke PiWalker writes "The number of RFID tags produced worldwide is expected to increase more than 25 fold between 2005 and 2010, reaching 33 billion, according to market research company In-Stat. Total production of RFID tags in 2005 reached more than 1.3 billion, according to a recent report. RFID production will vary widely by industry segment for several years -- for example, RFID has been used in automotive keys since 1991, with 150 million units now in use, a quantity that greatly exceeded other segments until recently, according to In-Stat. "By far the biggest RFID segment in coming years will be supply chain management," said Allen Nogee, In-Stat analyst, in a statement. "This segment will account for the largest number of tags/labels from 2005 through 2010." RFID has obvious privacy flaws, why is the world pointed in the direction of RFID?"

2 of 179 comments (clear)

  1. Thank God... by BHennessy · · Score: 5, Funny

    that I got in early and made my duct-tape / tinfoil wallet already.

  2. News just in by Belseth · · Score: 5, Funny

    A Walmart was struck with an EMP weapon by terrorist. All RFID tags were wiped out causing chaos. No longer able to track customers purchases the marketing department has applied for disaster relief funds. The White House responded and FEMA was on the scene within the hour to help in the replacement of the lost tags. The President stated that allowing the customers to go untracked was a major victory for the terrorist and the situation must be resolved as quickly as possible. Haliburton is expected to deliver the new tags before the store opens tomorrow. The 50 billion dollar RFID tag replacement program was considered a bargin given the potential loss to the Walmart marketing department.