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• RFID technology increases the efficiency of supply chains, reducing labor expenses by up to 7.5 percent and increasing sales by up to 3 percent.
   
• RFID technology secures our property, prevents theft, and saves lives.
   
• The RFID market in 2005 is estimated to generate $1.7 billion in products and services.
   
• This report explores the basics of what RFID technology is and discusses the current and future potential benefits for the United States.
   
• AeA will follow up this report with another entitled “RFID: Security, Privacy, and Policy Concerns.” As such, this report purposely does not address these issues.

We are delighted to bring you the fifth regular installment of the AeA Competitiveness Series.  The AeA research team produces these reports on the most timely and relevant issues to the high-tech industry and to U.S. competitiveness in a global economy.  We combine rigorous data with careful analysis to provide industry leaders and policymakers the information they need to assess the issue.