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India RFID market: 25% CAGR expected between 2013-2018

Press Release   •   Jul 16, 2013 11:47 BST

The India RFID market is forecasted to grow at the CAGR of around 25% during 2013-2018. In India, the usage of RFID technology is increasing prominently across various industries such as retail, healthcare, automotive, supply chain and public Transit which is opening up opportunities for the industry players. In India, the usage of RFID is quite high in retail industry and supply as it is widely used for keeping track of products.

Radio Frequency Identification (RFID) technology has been developed as an alternative to Barcode technology for tracking products and humans which can scan items from a distance of up to 20 feet. RFID technology is capable to overcome all the shortcomings of barcode technology such as data inaccuracy, line of sight issues and excess time consumption. In addition, RFID readers can scan several items simultaneously which makes the process much faster.

Mahindra and Mahindra is one of the first few companies to implement the usage of RFID in India. 2They are using RFID for warehousing, vendor tracking, and vehicle tracking. RFID technology has also forayed in the India dairy sector. "Chitale", one of the prominent dairy producers in Pune has deployed the RFID chips in cattle for the collection of feeding data, breeding data and also to keep a record of the animals.

For more information on the India RFID market, see the latest research: India RFID Market Research

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