... aircraft Identification Friend or Foe systems) and in limited use in inventory management since the 1970's. The technology relies on the transfer of packets of information through radio waves or electromagnetic waves. However, it has been the exponential growth in information and communications technologies coupled with the expansion of global production and trade that has resulted in RFID technology becoming useful for managing and tracking large shipments and product sales, and as a means of identification for security purposes and supply chain management. Market Estimates: RFID is viewed as an emerging technology with the potential to disrupt and transform currently used systems for cataloguing operations in the manufacturing, retail, and service sectors of the economy. Estimates of market size for RFID over the next 2-3 years vary significantly. [WDRG, 2003. Online] - The International Data Corporation (IDC) estimated that the RFID market for related consulting, implementation, and managed services was expected ...

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