RFID in Automotive Industry
A Future outlook The agreement on a widely accepted RFID standard in the automotive industry could suddenly trigger a domino effect and would, as such, define the tipping-point of a large-scale RFID introduction in the automotive industry.
The automotive industry operates in an environment with strong global competition. While on one hand new car sales have remained static in the triad markets for ten years, on the other hand the vehicle manufacturers (VM) have increased the number of different models and variants of their brands. This has resulted in a decrease in the economies of scale on the production side. Consequently, vehicle manufacturers and their suppliers are struggling to save costs.
At the same time, the automotive industry, which is facing new regulations and constantly changing automotive markets, is investing in new technologies like Radio Frequency Identification (RFID):