MDT-UTAR Partner to Accelerate Design Process for RFID Antenna
RFID – the technology of the future
Radio Frequency Identification (RFID) is a technology that uses electromagnetic waves to track and identify objects automatically. This technology has received rapid development due to its many benefits and to date, has revolutionized the logistics, manufacturing, and security industries by offering enhanced and cost-saving asset tracking and monitoring solutions.
Analysts predict that the global RFID market will be valued at USD 10.87 billion in 2021, and it is expected to reach USD 14.42 billion by 2026, registering a CAGR of 5.06% during the forecast period of 2021-2026. Additionally, the rise in utilization of RFID solutions to help healthcare organizations to contain the spread of COVID-19 is expected to fuel the RFID market growth further, in the coming years.
We were extremely motivated with this research as we acknowledge that our findings would make a significant impact to a myriad of industries who rely on RFID tag antennas.”
Professor Lim Eng Hock, UTAR Professor