- May 01, 2010
CAMBRIDGE, UK | IDTechEx reports the RFID market grew to $5.56 billion in 2009, having almost tripled in five years. Based largely on government-backed military projects, identity and financial cards, and passports, this market is recession proof, continuing to grow rapidly.
The market for passive RFID tags will grow to more than $10 billion in sales by 2019. Much of it will continue to use silicon chips: for example, a passport chip has more than 1 million transistors, and no one will print that anytime soon, according to Dr. Peter Harrop, founder and chairman of IDTechEx.
Visit www.idtechex.com for additional information.
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