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Thailand RFID market to hit $32M in 2010

Posted: 28 Nov 2006 ?? ?Print Version ?Bookmark and Share

Keywords:RFID? radio frequency? Frost & Sullivan? smartcards? contactless smartcards?

The RFID market in Thailand is projected to reach $32 million by 2010, from $16.3 million in 2005, according to a recent Frost & Sullivan report, with market growth to be driven by manufacturing and logistics applications.

As the global market for RFID expands, said the Thailand RFID Markets report, Thailand is not only set to encourage the growth of the technology locally, but is anticipated to be at the forefront of the global RFID markets by 2010. Aside from meeting global mandates, there will be substantial domestic demand for RFID applications in Thailand, the report further said.

Thailand's ICT Ministry is also promoting the use of RFID technology in tracking and tracing products, as part of a wider government plan to establish the country as a logistics hub in Indo-China.

Other key RFID applications include tracking and security/access control. According to Frost & Sullivan, RFID can also help enforce maritime port security, address security threats, help improve government and commercial logistics, and secure e-payments through contactless smartcards.

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