Research and Markets reports that the RFID market in China will reach $5.059 billion Yuan (or $627 million in U.S. dollars) by 2009. More than half of this will be RFID tagged products. Readers, software and services make up the other half.
In 2004, the Chinese RFID market was just over 1.2 billion Yuan. The recently initiated national ID card program is partly responsible for the growth in the RFID market. ID cards will use RFID technology. A program that uses RFID to control livestock production has also been approved.
High and low frequency RFID have been under development in China for over a decade. Beijing, Shanghai and the Pearl River Delta are the primary locations for RFID application development. In China, inconsistent standards and the price of the technology have been obstacles to the development of this market.