Most popular South Korea gains in RFID Market

2022-07-30
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The report points out that among these applications, RFID applications are the most successful in logistics and libraries. In addition, the report also pays attention to the fact that Korean suppliers are energy-efficient and pollution-free. There are still two possibilities for an emerging technology that is developing rapidly in the manufacturing field with the government as RFID patent: establishing relevant organizations

according to the report of ABI research company, Korean RFID suppliers have begun to gain a foothold in the RFID market. Since last year, they have increased investment in the RFID operation and label production capacity in rebuilding BYD's supply chain. The report pointed out that suppliers began to participate in international competition, especially in UHF band, which is expected to replace HF band in market share soon. Andy BAE, ABI research analyst and the author of the report, said that companies with increased label production capacity, such as Samsung and LG, may affect the global label prices. Andy BAE said, "the competition with existing overseas suppliers has increased the production capacity of Korean suppliers, which will increasingly reduce the price of labels."

this report points out that the initiative of the Korean government in technology development and the introduction of national standards for RFID testing and application have promoted the development of RFID technology in this region. End customers in Korea began to assemble RFID equipment, including logistics, retail, publishing, library services, medical treatment, production process, education, government, public services, consumer goods, national defense, sea and land transportation, and livestock. The report points out that among these applications, RFID is the most successful in logistics and libraries. In addition, the report also noted that Korean suppliers are working with the government to establish relevant organizations for RFID patents. The 38 page report can be downloaded from ABI's website for $4000

source: RFID world

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