Released on: June 29, 2008, 11:57 pm

Press Release Author: Shushmul Maheshwari

Industry: Telecommunications

Press Release Summary: The global RFID industry is expected to see high growth in
the East Asian countries due to increasing uptake of the technology for various
purposes and vast untapped markets.

Press Release Body: RNCOS says in its new research report, “Global RFID Market
Analysis till 2010”, the Radio Frequency Identification (RFID) industry is
expected to see large part of the growth in the East Asian countries such as Japan
and China in near future.

According to the report, the RFID industry has grown at a rapid pace in the last few
years. Government policies, legislations and spending to roll out the technology in
some major markets such as China, Japan, South Korea, the US and the UK have a great
influence on the growth of the industry. However, the industry is expected to see
high growth in the East Asian market where it is projected to grow at a CAGR of
nearly 35% in the next five years. Initially, the technology is likely to witness
stronger uptake in high labor cost countries such as Singapore, Japan and Korea.

South Korea and Japan are the most developed and stable countries in East Asia and
are providing huge growth opportunities for the technology, says the RNCOS report.
Besides, China, another important Asian country with low manufacturing cost
advantage, is luring bulk supply chain activities.

The report credited the growth of RFID industry in China primarily to the launch of
RFID tag production line by several domestic manufacturers. Now the technology is
increasingly being tested as RFID tags in various fields such as public security,
production management and control, anti-counterfeiting and security management,
supply chain management and modern logistics, modern service industry and digital
tourism.

“Global RFID Market Analysis till 2010” provides comprehensive
information on the global RFID industry to help clients identify the growth
opportunities for the industry both in short and long term. It gives detailed and
prudent analysis on the key drivers, challenges and other related issues of the
industry, and studies the RFID industry in the countries like the US, the UK,
Germany, Italy, Canada, the Netherlands, Japan, Thailand, China, Singapore, Taiwan,
Malaysia, Korea and India. Based on the past and current market trends, the report
also gives forecast on RFID tag sales by region, active RFID applications by
verticals and RFID tag reader market.

About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.

For more information visit: http://rncos.com/Report/IM576.htm
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