This document discusses RFID (radio frequency identification) technology and its potential applications and market growth. Some key points:
- RFID is a non-contact technology that uses radio waves to track objects in real time, providing advantages over barcodes. It has wide applications in logistics, inventory management, access control and more.
- The global RFID market is estimated at $9.2 billion currently and projected to grow significantly to $30 billion by 2024 as adoption increases across industries.
- High-growth industries utilizing RFID could contribute significantly to economic growth by creating jobs and innovation. The large potential market size makes RFID technology an attractive business opportunity.
RFID is often most efficiently used when combined with other technologies. In this way, it can then become a route to completing and enhancing an existing solution.
Contrary to what one might think, the implementation of RFID does not trigger a
revolution of all operational processes - it can be integrated very smoothly into existing
ones and work in parallel with other solutions.
With a growing selection of antenna choices and sensor ICs, SMARTRAC’s sensor tag and inlay family offers state-of-the-art products with great flexibility to accurately measure moisture and temperature conditions in industrial, healthcare and many other applications.
Sensor inlays and tags are passive UHF inlays equipped with RFMicron’s Magnus® IC family. These RFID sensor inlays offer great performance, and are a perfect choice where moisture and temperature detection is an important requirement. Their specific antenna design acts as a resistor/inductor/capacitor (RLC) tuned circuit to enable an antenna to sense its environment. The antenna converts environmental data into an impedance change, and the sensor tag IC translates this into a sensor code, as it dynamically matches antenna impedance to die impedance.
These single-chip sensor inlay and tag solutions are cost-efficient and easy to implement, and work on different surface materials ranging from textiles to metal parts to construction materials. They can be deployed where active or semi-active sensors are not practical, and involve no battery maintenance, costs or problems with product lifetime or recycling. Delivery formats are dry and wet to suit all converting-industry needs.
RFID is often most efficiently used when combined with other technologies. In this way, it can then become a route to completing and enhancing an existing solution.
Contrary to what one might think, the implementation of RFID does not trigger a
revolution of all operational processes - it can be integrated very smoothly into existing
ones and work in parallel with other solutions.
With a growing selection of antenna choices and sensor ICs, SMARTRAC’s sensor tag and inlay family offers state-of-the-art products with great flexibility to accurately measure moisture and temperature conditions in industrial, healthcare and many other applications.
Sensor inlays and tags are passive UHF inlays equipped with RFMicron’s Magnus® IC family. These RFID sensor inlays offer great performance, and are a perfect choice where moisture and temperature detection is an important requirement. Their specific antenna design acts as a resistor/inductor/capacitor (RLC) tuned circuit to enable an antenna to sense its environment. The antenna converts environmental data into an impedance change, and the sensor tag IC translates this into a sensor code, as it dynamically matches antenna impedance to die impedance.
These single-chip sensor inlay and tag solutions are cost-efficient and easy to implement, and work on different surface materials ranging from textiles to metal parts to construction materials. They can be deployed where active or semi-active sensors are not practical, and involve no battery maintenance, costs or problems with product lifetime or recycling. Delivery formats are dry and wet to suit all converting-industry needs.
Patent Portfolio of Major Indian IT Companies 2010 - ReportInnomantra
The purpose of the study was to analyze the importance given by selected major Indian IT
firms to innovation based on their Patent portfolio as a measure. Analysis of the Patenting
activity provides an insight into current trends in intellectual property generation apart
from providing an account of innovation and technological development taking place in the
Information Technology sector. The study summarizes results of the research that was
conducted on HCL Technologies Limited, Infosys Technologies Limited, Mahindra Satyam ,
Tata Consultancy Services Limited and Wipro Limited.
This report covers filing trends of the above mentioned companies along with status of
Patents, International Patent Classification and Priority Date. The study also provides the
filing trends and status with the field of engineering to which they belong, along with details
of all Patents filed by these companies since their inception.
Our research suggests that after a moderate retrenchment in the years 2008-2009, the IT
industry in India is recommitted to pursue innovation. The fact that the said companies
consider innovation to be one of their key assets and are committed to boost their spending
on Research & Development and innovation is evident from the increase in number of Patents
that have been filed by these companies in US Patent Office, European Patent Office and
Intellectual Property Office India. The study details the challenges associated with software
Patenting in India and postulates that despite the restrictions of obtaining a software Patent
per se in India, the IT industry is taking a prominent stand on generating and protecting
Intellectual Property in India and abroad.
Since the year 2000, awareness about Innovation and Intellectual Property Management
has been on the rise in the IT industry. It is evident from the Patent filing statistics of the
Intellectual Property Office India that the number of Patent filings in the field of computer
science has been on the rise since 2004. Across the world, a large number of organizations
are considering innovation as top priority, and consequently raising the investment on
innovation. In this study, the trends indicate that innovation has been geared towards minor
improvements to existing products and services as against innovation targeting newer
products. However, the companies are broadening types of innovation functions they are
targeting. The emphasis on product development and idea generation is increasing.
Shopping and automatic billing using rfid technologyIAEME Publication
Nowadays, large grocery stores are used by millions of people for the acquisition of products.
Barcode scanners are a time consuming process engaging the customers to stick to the billing section
for a long time. Hence there is a need for an innovative product with the societal acceptance that aids
the convenience, comfort and efficiency in everyday life.
In this paper, an architecture is presented which blends Radio frequency identification
(RFID) and wireless technology to provide ‘on spot’ billing in super markets. It uses the RFID based
system application in the shopping trolley and the RFID card which is used as a security access for
the product. The Liquid crystal display (LCD) that is fixed to the trolley displays the product name,
cost and the total cost of all purchased products. The bill is transmitted to the server end through the
zigbee technology. The software simulation is done using Proteus software and hardware is
implemented using 18F46K22 microcontroller. This promotes quick shopping and immediate pay
without any queuing process. It reduces labour efforts and increases efficiency by minimizing errors
to reduce and eliminate time taken in billing counter in super markets by designing an Intelligent Shopping Basket which uses Barcode scanners to allow users to self-checkout and increase productivity time.
IJRET : International Journal of Research in Engineering and Technology is an international peer reviewed, online journal published by eSAT Publishing House for the enhancement of research in various disciplines of Engineering and Technology. The aim and scope of the journal is to provide an academic medium and an important reference for the advancement and dissemination of research results that support high-level learning, teaching and research in the fields of Engineering and Technology. We bring together Scientists, Academician, Field Engineers, Scholars and Students of related fields of Engineering and Technology
The latest Accenture research reveals that RFID is enabling retail omnichannel services and driving business value to retailers everywhere. Learn more: https://accntu.re/3bYBElX
Patent Portfolio of Major Indian IT Companies 2010 - ReportInnomantra
The purpose of the study was to analyze the importance given by selected major Indian IT
firms to innovation based on their Patent portfolio as a measure. Analysis of the Patenting
activity provides an insight into current trends in intellectual property generation apart
from providing an account of innovation and technological development taking place in the
Information Technology sector. The study summarizes results of the research that was
conducted on HCL Technologies Limited, Infosys Technologies Limited, Mahindra Satyam ,
Tata Consultancy Services Limited and Wipro Limited.
This report covers filing trends of the above mentioned companies along with status of
Patents, International Patent Classification and Priority Date. The study also provides the
filing trends and status with the field of engineering to which they belong, along with details
of all Patents filed by these companies since their inception.
Our research suggests that after a moderate retrenchment in the years 2008-2009, the IT
industry in India is recommitted to pursue innovation. The fact that the said companies
consider innovation to be one of their key assets and are committed to boost their spending
on Research & Development and innovation is evident from the increase in number of Patents
that have been filed by these companies in US Patent Office, European Patent Office and
Intellectual Property Office India. The study details the challenges associated with software
Patenting in India and postulates that despite the restrictions of obtaining a software Patent
per se in India, the IT industry is taking a prominent stand on generating and protecting
Intellectual Property in India and abroad.
Since the year 2000, awareness about Innovation and Intellectual Property Management
has been on the rise in the IT industry. It is evident from the Patent filing statistics of the
Intellectual Property Office India that the number of Patent filings in the field of computer
science has been on the rise since 2004. Across the world, a large number of organizations
are considering innovation as top priority, and consequently raising the investment on
innovation. In this study, the trends indicate that innovation has been geared towards minor
improvements to existing products and services as against innovation targeting newer
products. However, the companies are broadening types of innovation functions they are
targeting. The emphasis on product development and idea generation is increasing.
Shopping and automatic billing using rfid technologyIAEME Publication
Nowadays, large grocery stores are used by millions of people for the acquisition of products.
Barcode scanners are a time consuming process engaging the customers to stick to the billing section
for a long time. Hence there is a need for an innovative product with the societal acceptance that aids
the convenience, comfort and efficiency in everyday life.
In this paper, an architecture is presented which blends Radio frequency identification
(RFID) and wireless technology to provide ‘on spot’ billing in super markets. It uses the RFID based
system application in the shopping trolley and the RFID card which is used as a security access for
the product. The Liquid crystal display (LCD) that is fixed to the trolley displays the product name,
cost and the total cost of all purchased products. The bill is transmitted to the server end through the
zigbee technology. The software simulation is done using Proteus software and hardware is
implemented using 18F46K22 microcontroller. This promotes quick shopping and immediate pay
without any queuing process. It reduces labour efforts and increases efficiency by minimizing errors
to reduce and eliminate time taken in billing counter in super markets by designing an Intelligent Shopping Basket which uses Barcode scanners to allow users to self-checkout and increase productivity time.
IJRET : International Journal of Research in Engineering and Technology is an international peer reviewed, online journal published by eSAT Publishing House for the enhancement of research in various disciplines of Engineering and Technology. The aim and scope of the journal is to provide an academic medium and an important reference for the advancement and dissemination of research results that support high-level learning, teaching and research in the fields of Engineering and Technology. We bring together Scientists, Academician, Field Engineers, Scholars and Students of related fields of Engineering and Technology
The latest Accenture research reveals that RFID is enabling retail omnichannel services and driving business value to retailers everywhere. Learn more: https://accntu.re/3bYBElX
Barcode & RFID Convergence: Enabling Greater Visibility Through StandardsVDC Research Group
This webcast was presented by VDC Research on the convergence of Barcode and RFID technologies on the GS1 US Visibility Framework.
Barcode is the dominant track and trace technology on the planet today and its value proposition is being extended by the more automated features of RFID. While these two technologies are often viewed as competitive, they are actually complimentary, and organizations are realizing the best of both worlds when they use GS1 standards as the framework for integrating RFID to improve their business processes.
Members of GS1 US and/or EPCglobal US will see that they not only have the foundation for enhanced visibility solutions, but they can implement them in a more cost effective and timely manner - all while realizing the benefits of building those solutions on a common architecture.
n the dynamic realm of technology, innovations continue to shape and redefine industries, offering solutions that streamline processes, enhance efficiency, and revolutionize operations. One such innovation that is poised to make a significant impact is the Chipless Radio Frequency Identification (RFID) technology. As businesses seek advanced methods to track assets, manage inventory, and enhance security, the Chipless RFID market emerges as a beacon of opportunity. This blog takes an in-depth look at the Chipless RFID market, its growth trajectory, key drivers, applications, and the transformative potential it holds.
This webcast presented by VDC Research takes you through the current and expected trends for AutoID-based (Bar Code and RFID) markets and applications. A particular focus is paid to Electronic Product Code (EPC)-enabled RFID markets & applications where facilitated adoption, deployment and scaling - in both new and emerging markets – is occurring due to increased innovation, commercialization and commoditization.
What Are The Uses Of RFID Application In Industries ? Omega-CstOmega_UAE
Radio Frequency Identification (RFID) Is Being Used Since The World War II For Defence Purpose, But Nowadays It Became More Accessible And Used In Multiple Industries, Here Are Those Few Industries Making Best Use Of It.
Here is a Whitepaper I wrote way back in 2011 for the the Steel Industry. The industry has only started capitalizing on the RFID Technology for Inventory Tracking and Realtime Location Tracking. I see a lot of potential in exploiting the usage of RFID Technology in our day to day operations.
Happy Reading..!
China rfid industry market forecast and investment strategy planning report, ...
RFID technology
1. RFID TECHNOLOGY
Tools like Porter’sfive forcesetc. can be used for better management
and control. But at this era automation, analysisand optimization is the
ultimate solution
Indiviual coursework for Hi-tech Entrepreneurship module
JUNE 1, 2014
ENGLAND, U.K
3. 2
1. INTRODUCTION:
Today with increasing globalisation, the world has come closer. This has
made the market a very dynamic scenario. The advancements in the fields of
science and technology have turned many industries into a fierce competition.
We live in the era of automation, wherein, everything we do has been or is
being automated for the benefit of humans. Today, world without cell phones,
laptops, tablets etc. almost seems impossible. Few will argue with the
premise that the development of new, advanced technology products—from
advanced commercial aircraft, to computer software, to high-tech razors and
blades—has a major impact on society and is a major factor in the success of
many companies as well as a primary basis for their competitiveness. For a
particular technology company, to continue to enhance its competitive position
requires that the processes of advanced-technology product development and
introduction continue to be improved. (Scott, 2001)
This competitive environment has led to the development of new products at a
very rapid pace. New technology and products are introduced into the market
almost every fortnight.
1.1 “RFID”TECHNOLOGY:
Today, the requirement is “save time”, various products and services have
been developed or are under constant pressure to develop various
techniques, devices to save time and deliver products at accurate place, date
and time. Many organisations like amazon, e-bay etc. strive every day to
achieve perfect delivery statistics. This has led to develop various concepts
like product and employee monitoring products.
A product was traditionally tracked via barcodes and reader systems. Now a
days, RFID’s have been catching up. RFID stands for Radio Frequency
Identification, it works on a simple principle of electromagnetic waves and is a
non-contact technology. RFID can be used to find the real time location of a
product or employee or vehicles. In comparison to the traditional bar code,
RFID is compact and easy to function. Also, unlike barcode, RFID has no
issues with the proximity between the transmitter and receiver.
This technology will be extremely beneficial in many ways. RFID has a wide
range of applications in many fields, where a product or any object needs to
be tracked in real time.
4. 3
Figure 1 RFID working
The discovery of RFID has saved a lot of time and effort and made it possible
to have a real time location of a product. Its applications range from a variety
of applications like:
1. Logistics.
2. Airport luggage logistics.
3. Contact less bill payments/ toll collections.
4. Machine readable travel documents like passports.
5. Employee tracking devices.
6. People/animal tracking.
7. Access management.
8. Tracking of goods.
9. Inventory management.
In the advanced world of technology, like today, real time tracking has
become extensively important which proves to be the ultimate competitive
advantage element of an organisation.
Therefore, providing RFID’s is the future for most of the industries today. it will
be a profit making business, as the potential of RFID still remains untapped
for a major part of industries today. Investing in R&D to further development of
RFID will prove extremely advantageous to profit making.
5. 4
2. HI-GROWTH BUSINESS & ECONOMY:
Not every business can contribute to the overall prosperity of a country’s
economy. Very few businesses can generate the required revenue to help
with the GDP (Gross Domestic Product) of a country.
High- growth businesses are given the prime importance in any economy by
the government as a whole. These businesses contribute to the overall
economy of a country by creating jobs, providing resources for new ventures
etc. High-growth firms contribute to economic performance in several ways.
Their wider effects on social and economic outcomes go beyond their own
productivity, employment and innovation growth. High-growth firms generate
spillovers in their regions, creating jobs over and above their direct effect on
employment. They are also major innovators, and innovation drives growth.
(Mason, Bishop, & Robinson, 2009)
In many countries, business sector constitutes the major part of the economy
of that country.
2.1 COMMERCE FOR RFID:
In the past few years, RFID and has its applications have shot up extensively.
Many experts forecast the RFID market to rise further more in the near future
and develop a multi-billion market size over the next 10 years. IDTechEx find
that in 2014, the total RFID market is worth $9.2 billion, up from $7.88 billion
in 2013 and $6.98 billion in 2012. This includes tags, readers and
software/services for RFID cards, labels, fobs and all other form factors.
IDTechEx forecast that to rise to $30.24 billion in 2024. (Das & Harrop, 2014)
As we can see, the estimated potential size of the market triples within the
next 10 years. RFID markets are growing with great intensity.
We can clearly conclude that the world statistics for RFID makes up to huge
multi billion market which can obviously be considered as a support to the
overall economy of a country. The potential of RFID in the market is still quite
untapped and remains as an attraction to explore.
The wide range of applications in almost all fields makes RFID very versatile.
Especially, companies involved in supply chain management have a very
important place for inventions like the RFID. By 2024, moreover, the business
will have grown another 29 percent, to $30.24 billion. RFID is clearly a
6. 5
technology that will play a major role in almost every industry, including
procurement and supply chain visibility. (Toensmiere, 2013)
RFID gives the advantage of tracking the real time location of an object. In the
future, almost all the industries will have a requirement of tracking orders,
people, materials etc. in a real time system. Using new, unique information
researched globally by IDTechEx technical experts, we analyze the RFID
market in many different ways. Full analysis by each market is given in great
detail including in-depth historic data by application type from 2005 year by
year to 2020 and with a 2024 outlook. For passive RFID, forecasts are
provided separately for the following application areas. For each we provide
the number of tags, average sales price and total value of tags. (Das &
Harrop, RFID: Forecasts, players & opportunities 2014-2024, 2014) the list
below shows some of the projected applications of RFID over the next 10
years.
Table 1 Applications for RFID
(Source: IDTechEx)
7. 6
3. MARKET FRIENDLYRFID:
RFID being compact and easy to operate, works on a simple logic and is a
non-contact technology. However, the manufacturing plant for the same could
be an expensive affair. But, comparing the outcome RFID to the input of
resources, in terms of sales is extremely high. As stated above, RFID has
numerous applications and can be put into mass production. This small and
compact technology has the ability to change the face of the market in the
emerging countries like the BRICS.
Major players now and in the future in the various parts of the value chain are
identified and the big orders and milestones now and in the future are
analyzed. Those doing well in numbers sold are sometimes much less
impressive in dollars taken and vice versa. Of course, not everyone will want
to serve the severely price constrained, highest volume markets. For them, we
examine many niches of at least one billion dollars potential that are emerging
and many smaller opportunities where there is even less competition. (Das &
Harrop, RFID: Forecasts, players & opportunities 2014-2024, 2014)
Also considering its applications and other advantages like easy to handle
and compact size, RFID can be easily used in all almost the industries and
provide many supportive and main tasks. The extension of RFID, RLTS (Real
Time Location System), is a highly appreciated and advantageous element,
which can steady the economy of many sectors.
In addition, ten year forecasts are provided for battery assisted passive and
active RFID and RTLS in the following applications: Pharma/Healthcare Cold
retail supply chain Consumer goods Postal Manufacturing parts, tools
Archiving (samples) Military Retail CPG Pallet/case Shelf Edge Labels
Conveyances/Rollcages/ULD/Totes Vehicles People (excluding other sectors)
Car clickers Other tag applications Additionally, the report provides units, asp
and total value for RFID readers as follows: UHF Fixed portal UHF Embedded
and handheld HF and LF Hand held, fixed, embedded LF Vehicle NFC
Cellphone The research conducted by IDTechEx ultimately provides ten year
forecasts by application area including tags, readers, software and services
for the following markets: Retail Healthcare and medical Passenger
transport/automotive Land, sea logistics and post Animals and farming
Airlines and airports Financial, Security Manufacturing Leisure/sports
Consumer products. (Das & Harrop, idtechex, 2014)
8. 7
4. RECOMMENDATIONS:
The hi-tech industry needs to overcome the barrier of ineffective
commercialisation of their new products. In every hi-tech industry, a good
percentage of their annual revenue is kept aside for future investments in
research & developments of their product. The high-tech industry must get
better at the difficult process of commercializing new technology, that is, of
taking ideas or concepts into productization. In the typical high-tech company,
10-20% of the annual revenue is set aside for new development, and a
significant percentage of the company's market value is based on the
projected commercial success of new technologies. (Goyal, 2006)
Hi-tech industries should eliminate small low-value productization investments
and allocate resources to the more important and optimised ones. The over-
loading of projects can be controlled by focusing on few important projects at
a time and eliminating the low efficient and less important projects.
Risk mitigation & strategic execution of the selected portfolio of products is
also very important in terms of channelling the important towards output
oriented projects. This can be done by lowering inefficient production and
decoding early signals of failure. For eg: the early warnings from prototype
phase delay should activate the corrective actions which will in turn save time
in the final production phase. Hi-tech companies should also, eliminate too
many risk factors and organise less risky/ risk free options.
Moreover, products that fit the customer requirement is the most important
element in any industry that serves people. Products should serve the
purpose of the customer with high quality and adequate customer support.
Today, companies can consider using tools like Porter’s five forces etc. for
better management and control. The solution to the above issues can be done
with the help of three main elements like automation, analysis and
optimisation. Automation refers to automation of the unnecessary manual
processes which will in turn better and accurate data to analyse. If the
collected data is of high accuracy, the following analysis will be better and
which will in turn expand the space to optimise and fine tune the process that
in turn hamper the productivity of a company.
Defining goals, defining ways to achieve goals can be the way to
commercialise a new technology in the market which will facilitate the growth
of an organisation.
9. 8
6. SUMMARY:
With short product life cycles and the economic instability, a company’s
growth can be facilitated by efficient new product development practices.
Aside from evaluating new concepts, a company may perform periodic
reviews of the portfolio of all projects (marketing, product development, IT
etc.). These reviews can also be ad-hoc based on critical business scenarios
that arise from time to time.
Examples include budget cuts, say by 20%, due to lack of demand, or focus
on optimizing short-term revenue. Such a portfolio review and optimization
exercise can be accomplished through four stages: (1) project scorecard, (2)
current plan of record review, (3) creation of scenarios and impact, and (4)
adjusted plan of record. Thus, this business flow optimizes the portfolio.
(Goyal, 2006) The best operating practices execution leads to efficient
production, mitigate risks and helps in optimum use of resources and also
reduce cost of production, thereby, helps in better commercialisation of
industry- specific products. These commercialising strategies are an
advanced way to new product development. Also, adoption of these strategies
gives a smooth running of a company.
Better flow of investments and information can be regulated with adopting
dynamic commercialising strategies like above. A business may start with an
idea or a business may start with resources, in both cases, operating
strategies is the backbone.