IDTechEx Research assesses that the entire RFID market will be worth $11.76 Billion in 2018, up a steady 5% from 2017. A small sub sector of that entire ma
IDTechEx Research assesses that the entire RFID market will be worth $11.76 Billion in 2018, up a steady 5% from 2017. A small sub sector of that entire market, but one which will grow at a faster rate of 12% from 2017 to 2018, is the market for RFID sensors. These are sensors with wireless communication based on one of the RFID protocols.
The benefit of using a RFID transceiver over other wireless protocols such as Bluetooth or Wifi is that RFID transceivers are inexpensive – RFID ICs are the cheapest integrated circuits in the world; they are low power, with only a small battery needed and no battery is also an option; and they can leverage the increasing RFID infrastructure being deployed, from near field communication (NFC) phones to RAIN reader infrastructure in businesses around the world.
Source: Passive RFID sensors overtake battery assisted RFID sensors – Electronic Products & Technology