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March 11, 2010 RFID Market Projected to Grow in 2010By Ilya Leybovich Despite challenging economic conditions, the RFID industry grew last year and is expected to continue expanding in 2010, according to new reports. Will this growth be sustainable given the obstacles to RFID technology adoption? Radio frequency identification (RFID) technology relies on compact circuitry and transmission functions to track objects, people and animals using radio waves. It is already employed in identity security, product tracking, inventory management and even human implantation. Following a surge in RFID orders in 2009, experts predict the technology will continue to grow through the coming year and beyond. Despite continued challenges regarding RFID adoption, new applications are expected to emerge in the commercial and industrial sectors.
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