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Article: Canada: RFID market pegged for 11 percent growth despite bad economy.
- Article from:
- TendersInfo
- Article date:
- May 12, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Mamta03
Despite the weakened state of the world economy RFID markets are not contracting, according to the latest data from ABI Research. At worst they are growing at a slower rate. Positive signs are beginning to appear and forecasts suggest that even with the ailing automotive vertical included, the RFID market should see 11 percent growth between 2009 and 2010. Remove the deeply depressed automotive immobilizer numbers which are directly tied to vehicle production, and the growth rate jumps to almost 16 percent.
"Transponders, readers, software, and services are all showing healthy growth," says practice director Michael Liard. "The most ...