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SE Asian Radio Frequency Identification market is expected to grow at a CAGR of 23.3% from 2013 to 2018

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Analysis of the Southeast Asia Radio Frequency Identification Market - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-30 09:15:01
Growth declined in 2013 as economic uncertainty in Association of Southeast Asian Nations (ASEAN) held back end users from investing. The ASEAN gross domestic product (GDP) declined from 2012 to 2013.
Transportation and logistics, healthcare, industrial and retail segments are estimated to grow from 2013 to 2018. Malaysia generated the highest revenue in SE Asia. System integrators dominated the distribution channel in terms of the total revenue in 2013.
The SE Asian RFID market is expected to grow at a CAGR of 23.3% from 2013 to 2018. Malaysia followed by Singapore were the highest revenue generators for RFID in the region in 2013. Among the end users, transportation and logistics generated the highest revenue. However industrial end user is witnessing the highest growth. The competitive landscape is fragmented, however it is expected to consolidate in future.

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