RFID Market Growth, Forecast and Value Chain 2015-2025: FMI Estimate
Radio-Frequency Identification (RFID) refers to small electronic devices that consist of a small chip and an antenna. RFID is basically used to provide unique identification to the objects. The use of RFID technology came in use since last four decades. Because, it is expensive and its practical use is limited for many commercial applications. Use of the RFID in applications such as retail & supply chain management and automation & transportation has penetrated globally and expected to reflect dynamic trends over the forecast period.
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