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RFID is facing what kind of challenge?

As the market popularity of RFID continues to increase, RFID projects are showing a trend of blooming everywhere. According to the forecast in the "RFID Forecasts, Players and Opportunities 2019-2029" released by IDTechEx, UHF RFID tag sales will increase from 15 billion in 2019 to 41.2 billion in 2024. With the in-depth exploration of demand and the development of new products, the application scenarios of RFID are still expanding.

In June 2019, IATA (International Air Transport Association) passed a resolution supporting the global deployment of RFID to track checked air baggage, requiring airlines and airports to use UHF RFID on baggage, which quickly promoted the popularity of UHF RFID in the aviation field.

At the end of May this year, the Shenzhen Municipal Urban Management and Comprehensive Law Enforcement Bureau announced the full launch of the implantation of RFID electronic chips for dogs, requiring all dogs in the city to be injected with chips, and all dogs will be injected by the end of the year. Nowadays, keeping pets has become a common way of life. Therefore, pet injection tags will land in major cities and become a major growth point in the RFID market.

In 2019, ETC became a dark horse rushed out of the market. Due to the promotion of policies, it was once known to everyone, and a wave of "ETC" was set off. Just when the ETC trend has not yet receded, the electronic license plate led by the Ministry of Public Security once again detonated the market, and established standards for urban vehicle management, which further opened up RFID in the vehicle market.

In recent years, international brands including Wal-Mart, Metro, Decathlon, ZARA, Uniqlo, Nike, etc. have continuously promoted the application of RFID in their own operating systems, allowing RFID to gain more space in new scenarios and new links.

Through the observation of some new RFID projects, we can find that RFID is constantly merging with other technologies. For example, RFID combined with sensor technology can realize real-time monitoring of industrial manufacturing. The combination of RFID and blockchain technology can play a greater role in the field of anti-counterfeiting and traceability. The combination of RFID, identification technology and two-dimensional code can open up new imagination in the retail field.

In addition, different application scenarios have different requirements for product characteristics. For example, in medical treatment, labels are required to have better temperature resistance and adhesion. For the management of some small tools, the label needs to be able to achieve a smaller size and ensure a certain reading distance. Not only need to work hard on product quality, but also need to have a deeper understanding of the actual needs of the scene, and then develop better products and services, and occupy a greater advantage in the vertical field.

RFID is a technology with a relatively long commercial time. In the decades of commercial use, RFID is also evolving and advancing with the times. Therefore, the entire RFID industry chain is also constantly developing and growing. China is the world's largest RFID industry production site and one of the most important commercial markets, occupying a pivotal position in the global RFID industry chain.

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