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This paper portrays recent trends in Radio Frequency IDentification (RFID) systems and its commercial relevance. RFID is one of the most researched and rapidly emerging technologies. With the recent technological advancements at International level, it is finding its application in various areas and has a bright future scope. Exemplary future applications and systems based on RFID and other technologies integrated with RFID are proposed in this paper. The authors have discussed about applications, problems being faced by RFID systems & their limitations in other fields in the current era The commercial scope in the field of RFID manufacturing and research has been discussed along with its business prospectus.
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