RFID Chips: Enabling the Efficient Exchange of Information

Abstract

More and more companies are using RFID radio chip technology to boost their competitiveness. Yet RFID not only enhances the efficiency of the company deploying it. It also promotes innovativeness in the economy as a whole. Nevertheless, not every RFID project driven by a technological vision will necessarily become a commercial success for the user. In any event, though, RFID will enable producers to tap sizeable potential. Considering the host of potential application areas – particularly in production, the distributive trade and the transport industry – RFID turnover is likely to increase. With the shift in market shares for individual RFID components and the exodus of production of less sophisticated products from the high-wage countries, Asia is poised to become the continent with the highest turnover.