Growth opportunities in the Chipless RFID Market look promising over the next six years. This is mainly due to the ongoing advancements along with the incorporation of different transportation measures.
Chipless RFID Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The global chipless RFID market is forecasted to experience a significant demand in the near future. One of the prominent drivers responsible for the growth of the market includes the augmenting requirement across enterprises for the clearness of supply chain and inventory management. In addition, the execution of various transportation schemes which require RFID technology, such as Octopus Card in China, Oyster Card in the UK, Ventra in the U.S., and Saint Petersburg City Card in Russia, will further strengthen the market size. The system imparts enormous beneficial features, such as enabling distant reading of tags which helps to track the products.
Additionally, the technology is increasingly implemented as an economical alternative for chipped RFID systems and has the capability to sink in the mass market for low-cost tagging of items when compared to high-cost silicon chip RFID transponders. Also, various modernizations experiences in these products will pave the way for market growth. The UC San Diego Jacobs School of Engineering and the Center for Wireless Communications at UC San Diego, in 2018, introduced the new chipless ID technology, which has the potential to reflect the WiFi signals. This sophisticated technology is in the form of metal tags and is made from foil printed on a thin, adjustable substance such as paper. In accordance with the research conducted by the Institute of Electrical and Electronics Engineers (IEEE) there will be approximately 50 million objects, by 2020, which will be networked, out of which many will have chipless RFID. The integration of IoT in the supply chain in the pharmaceutical, manufacturing, and other logistics sector, has supplemented the market growth.
Product Type Segment Drivers
Based on the product type, tag is expected to expand at a higher CAGR during the forecast period. This is primarily attributed to the escalating employment for functions including logistics and supply chain visibility, inventory, and employee tracking. The technology gives entry to real-time data on the individual’s assets. In addition, their application for inventory tracking, such as for the identification of location and movement of inventory will bolster the market growth.
Chipless RFID Market’s leading Manufacturers:
- PolyIC GmbH & Co. KG
- Impinj, Inc.
- AVERY DENNISON CORPORATION
- Confidex Ltd.
- 3M
- Siemens
- Barcodes, Inc.
- IBM Corporation
- Dai Nippon Printing Co., Ltd.
- Alien Technology, LLC
Chipless RFID Market Segmentation:
Segmentation by Product Type
- Tag
- Reader
- Middleware
Segmentation by End-User
- Retail
- Transport and Logistics
- Aviation
- Healthcare
- Others
Segmentation by Application
- Smart Cards
- Smart tickets
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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