China's RFID Market Will Exceed 5 Billion RMB

"Analysys International, predicts that China's RFID market will grow to exceed 5 billion RMB, with a annual growth rate of 33.2% in its recently released Consumer Electronics -- Focus Report on China's RFID Market 2005. Analysys International points out that the development of China's RFID market is subject to many factors, among which price, performance, protocol, policy, pioneer and privacy (6P) will be key factors to determine the penetration and coverage of RFID applications. According to the study, government support and promotion is the prime factor for rapid development of the RFID market in China. The Chinese government's program of second-generation ID card which implements RFID technology has accelerated the development and adoption of the technology." Source: ecnasiamag.com