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SK RFID market will exceed $500M

Posted: 04 Jul 2006 ?? ?Print Version ?Bookmark and Share

Keywords:RFID market? South Korea? Sean Shim?

South Korea's RFID market will exceed $500 million this year, an industry group predicted.

In a report to an IT forum hosted by the Ministry of Information and Communication, the Korea Association of RFID/USN said the country's RFID-related equipment and device shipments would reach $551.8 million this year, compared with $305.11 million last year and $160.97 million in 2004.

The association forecast the volume to grow up to $1.26 billion by 2010.

Overseas RFID shipments will grow from $34.72 million in 2005 to $55.23 million this year, according to the association.

- Sean Shim
EE Times




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