December 17, 2005
RFID in Malaysia
According to a report on the Malaysian RFID market by Frost and Sullivan, the market for RFID in Malaysia in 2004 was worth $ 19.6 billion; the market will be worth $ 50.1 billion by 2009 after growing at a CAGR of 20.6%; the major categories in the RFID market include security and access control, transport, and manufacturing and logistics; the largest category currently is security and access control but its share will reduce over time and the share of manufacturing and logistics will increase; the market growth is being driven by Wal-Mart’s mandates and initiatives from the Malaysian government.
The roadblocks to the development of the market include high cost of the technology, absence of uniform standards, insufficient information and expertise regarding RFID-usage among the users.
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