RFID 2006 Year in Review - Some Lost Their Shirts

Filed in archive Market Size on December 29, 2006

Mr. RFID gives his take on whether 2006 was a good year. He says, it all depends on whom you to talk to:

Here we are at the end of 2006, and what a year it's been for the RFID Industry. This year, we saw the industry's largest IPO fail. Yet, some big name companies invested big money in RFID. In May, Lockheed Martin Corporation acquired Savi Technology because of their entrenched position with the U.S. Dept. of Defense to supply active RFID technology for logistics and supply chain tracking. In September, Motorola acquired Symbol for a whopping $3.9 billion dollars. Although some say it had little to do with RFID, my sources tell me otherwise.

Many companies, both big and small, that had high hopes for their products and services have dropped out, saying there's not enough revenue to sustain their business. Others stagger along, claiming they are struggling to break-even. Yet, 2006 proved to be an outstanding year for those that had the right formula. I talk to some companies that are so busy implementing RFID projects they can hardly keep up.

Apparently, some lost their shirts and others are doing well. Lou goes on to note that RFID is "still a covert operation" by some companies, suggesting that many more companies are working on RFID than are willing to let on publicly.

Read more at 2007 - An RFID Odyssey.