US RFID market is expanding at enormous rate and is projected to reach a value of $ 26.35 Billion by 2016 and the stores are furthering this growth.

The US RFID market is projected to rise to $2.7 billion by current year (2007), According to American Business Journal, as per the news published in The Morning News .

RFID industry contributors stay aggravated concerning below average growth in tag volume in retail supply-chain. Whilst retail giants like Wal-Mart keep on accumulating suppliers to their case-level tracking rollout & pallet, and additional stores, the figure of SKUs (Stock-Keeping- Units) labeled by the majority of participating suppliers are still low, as per industry observers.

A.T. Kearney, Management consulting firm did a study during 2004 approximating that big regional & national retailers will need to spend around $400, 000 per allocation center & $100,000 per-store on RFID.

Wal-Mart Stores will expand its radio frequency identification program to 400 stores by fiscal year-2007’s end, a company spokesman said this on May 1, 2007 in the news published in The Morning News .

Rollin Ford, executive vice president and chief information officer, spoke at RFID Journal Live-conference held in Orlando, Florida, discussing the current as well as future benefits of the technology to both consumers and business. "We have only gotten started, and we are continuing to roll out to more stores at the same rate as the last two years," he said.

In 2016, the worth of the total market counting systems and services is expected to soar to $26.23Bn from $2.77Bn in 2006. The figure of tags distributed in 2016 will be above 450 times the number distributed in 2006. These comprise several fresh markets that are being shaped, like market for Real Time Location Systems using active RFID. Certainly, the market for lively RFID will be above $6 Billion in 2016.

As per the Research analyst at RNCOS, “RFID growth will be determined by the classification of high volume items - notably drugs and postal packages, consumer goods - at the demand of military forces, retailers, and postal authorities and legal reasons. The main profits required, in these cases, include increased sales, cost, reduced crime, improved safety, and improved customer service.”

Related Market Research Reports:
Global RFID Market Analysis till 2010
European RFID Industry Outlook (2007-2010)
RFID Outlook China