Reuters Agency following Stratistics Market Research Consulting informs by year 2026 the global market for RFID readers will grow at the 15.1% rate rates CAGR (cumulative annual growth rate) up to a value of 46.62 million dollars. In 2017 the market value was valued at 13.15 million dollars. This data confirms that RFID technology has a growing use in various industries.
RFID technology will be used by airline passengers. During 75th General Assembly of the International Air Transport Association (IATA) it was decided to support the global implementation of RFID technology for the purpose of baggage tracking. The use of RFID labels will further determine the position of baggage, which is crucial due to an increasing number of passengers.
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