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RFID: End to the 5-cent RFID tag myth

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DQI Bureau
New Update
RFID: End to the 5-cent RFID tag myth

Gartner analysts tried to put an end to a retail industry myth that
radio frequency identification (RFID) tags will cost as little as five
cents in the near future. The analysts said passive RFID tags cost from 40
cents to $10 and active tags usually run from $4 or $5 to hundreds of
dollars. Gartner predicts that five years out, the most competitive RFID
tags will cost about 20 cents.

As for the 5-cent RFID tag myth, Mr. Smith said, "There are
conflicting problems with assembling low-cost tags. One of the primary
things vendors must do to reduce tag cost is reduce the size of the chip.
However, reductions in the size of the chip make assembly more expensive.
Currently, no vendor has been able to get out of this paradox." 

Source Gartner


“RFID, by its nature, touches a wide variety of areas of the enterprise,” observes Ed Carey, Global Director of Deloitte's Consumer Business practice. “This means that for companies to fully reap the benefits of RFID, they must involve multiple functions.”
47% The percentage growth expected in consulting,
implementation, and managed services in deployment and integration of RFID
systems in retail stores and warehouses, according to IDC
79% The percentage of manufacturing, retail and transportation
companies which have a plan for an RFID pilot, according to surveyed by
Wavelink Corporation
$6.9mn The amount that consumer goods manufacturers have spent on
RFID in 2004, according to the Yankee Group
The
Decades of RFID
1940—1950 Radar refined and used, major
World War
  - RFID invented in 1948
1950—1960 Early explorations of RFID
technology, laboratory
1960—1970 Development
of the theory of RFID
  - Start of applications
field trials
1970—1980 Explosion of RFID development
  - Tests of RFID accelerate
  - Very early adopter
implementations of RFID
1980—1990 Commercial applications of
RFID enter mainstream
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