Global RFID tags market was valued at US$ 323.6 Mn market in 2018 and is forecasted to reach a value of US$ 3,145.5 Mn by 2027 at a CAGR of 27.9% between 2017 and 2027.
???????? ?? ??? ?????? – A new study titled Chipless RFID Market 2022, published by The Coherent Market Insights, provides information on regional and global markets that is anticipated to increase in value between 2022 and 2028. The extensive research on the global Chipless RFID Market offers important insights into the market’s shifting dynamics, value chain analysis, well-known investment hotspots, competitive scenarios, regional landscape, and major segments. It also offers a complete analysis of the controls and restraints for the global market. Also provides excellent information on the strategies and opportunities used in the worldwide industry. This will help those working in the industry, policymakers, stakeholders, investors, and newcomers to the global Chipless RFID Market industry seize opportunities, pinpoint crucial tactics, and gain an edge over rivals.
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Chipless RFID (Radio Frequency Identification) tags are RFID tags that do not require micro-chip in the transponder. Some tags use plastic or conductive polymers instead of silicon-based microchips. Chipless RFID tags tend to work over a wider temperature range and are also less sensitive to RF interference. Chipless tags are widely used in item-level tagging, banking cards, and banking cards, among others. They are also used for anti-counterfeiting, asset tracking, air baggage, smart tickets, animal tracking, and high volume secure documents. In short, Chipless RFID is an evolving wireless technology for automatic identifications, tracking, security and surveillance, logistics, database management, and inventory control. Over the past few years, great efforts have been devoted to the design of RFID tags without chip inside. The demand for RFID tags has recently increased due to the development of the RFID.
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Key Market Drivers:
Increasing adoption of Chipless RFID across various sectors is expected to boost the growth of the Chipless RFID market during the forecast period. Chipless RFID tags can be used across various sectors, such as retail & consumer goods, healthcare, aerospace & defense, logistics & manufacturing, government, and others. For instance, in March 2019, Avery Dennison and Kit Check joined forces to improve patient safety by integrating RFID into cGMP packaging lines. This collaboration will help pharmaceutical companies to build into their medication labels.
Moreover, integration of sensors in Chipless RFID tags, increasing adoption of cloud-based solutions, and technological advancements are expected to augment the growth of the Chipless RFID market. For instance, in May 2021, Vubiq Networks announced that it has successfully modeled its patented millimeter wave RFID technology incorporating polarization and phase detection. The new technology to utilize Frequency-Modulated Continuous Wave (FMCW) radar with polarization and phase detection for low-cost, Chipless RFID data tags.
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➤ North America: United States, Mexico and Canada
➤ South & Central America: Argentina, Chile, Brazil and Others
➤ Middle East & Africa: Saudi Arabia, UAE, Israel, Turkey, Egypt, South Africa & Rest of MEA.
➤ Europe: UK, France, Italy, Germany, Spain, BeNeLux, Russia, NORDIC Nations and Rest of Europe.
➤ Asia-Pacific: India, China, Japan, South Korea, Indonesia, Thailand, Singapore, Australia and Rest of APAC.
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COVID-19 Impact Analysis:
The outbreak of COVID-19 has impacted the production of several industries of Chipless RFID market. As the government have already announced complete lockdown and temporary closure of industries, the overall production process is being adversely affected. Chipless RFIDs can be used across various sectors, such as healthcare, government, aerospace and defense, retail and consumer goods, and logistics and manufacturing, among others. But the pandemic has severely impacted these industries, which in turn has decreased the adoption of Chipless RFID. However, now, Chipless RFID Companies are revising their long-term strategies to emerge stronger in the post-COVID pandemic scenario.
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• Conduct research on and make predictions on the amount and value of the Chipless RFID Market.
• Determining market shares for the Chipless RFID Market‘s significant segments.
• To show how different regions of the world’s markets for Chipless RFID Market are evolving.
• To research and analyze micromarkets with regard to their potential and unique growth patterns, as well as their contributions to the Chipless RFID Market.
• To give accurate and practical information on the factors impacting the development of Chipless RFID Market.
• To provide a detailed analysis of the various business tactics used by the Chipless RFID Market, including R&D, partnerships, agreements, collaborations, acquisitions, mergers, new product launches, and acquisitions, mergers, and acquisitions.
Detailed Segmentation:
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Global Chipless RFID Market, By Component Type:
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RFID Tags
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RFID Reader
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RFID Middleware
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Global Chipless RFID Market, By Industry:
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Retail & Consumer Goods
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Logistics & Manufacturing
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Healthcare
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Government
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Aerospace & Defense
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Others
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Company Profiles
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Zebra Technologies Corporation*
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Company Overview
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Product Portfolio
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Financial Performance
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Key Strategies
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Recent Developments
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Future Plans
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Spectra Systems
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Molex Inc.
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Xerox Corporation
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Politronica Inkjet Printing S.r.l.
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Vubiq Networks Inc.
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Thin Film Electronics ASA
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TagSense Inc.
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➤ What is the estimated growth rate of the market for the forecast period of 2022-2028?
➤ What will the market size be in the anticipated time frame?
➤ What are the primary aspects that will determine the Chipless RFID Market‘s fate over the forecast period?
➤ What are the major market players’ winning strategies for building a strong presence in the Chipless RFID Market industry?
➤ What are the primary market trends influencing the Chipless RFID Market’s growth in various regions?
➤ What are the biggest dangers and difficulties that are likely to stymie the Chipless RFID Market’s growth?
➤ What are the most critical opportunities for market leaders to succeed and profit?
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1. Market Overview
Research Objective and Assumption
Research Objectives
Assumptions
Abbreviations
2. Market Preview
Report Description
Market Definition and Scope
Executive Summary
Market Snippet, By Function
Market Snippet, By Application
Market Snippet, By Region
Coherent Opportunity Map (COM)
3.Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Market Opportunities
Regulatory Scenario
Industry Trend
Merger and Acquisitions
New system Launch/Approvals
Value Chain Analysis
Porter’s Analysis
PEST Analysis
Continue…
Key Takeaways:
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The Chipless RFID market is expected to exhibit a CAGR of 27.9 % during the forecast period owing to the increasing implementation of Chipless RFID tags across the world. The Chipless RFID technology has emerged as a low‐cost alternative for chipped RFID system. For instance, in January 2018, China based organization, Taocafe, launched smart store where people buy RFID labels connected to the item & can check out via WeChat Pay.
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Among regions, North America, Europe, and Asia Pacific are expected to witness robust growth in the Chipless RFID market, owing to the increasing adoption of Chipless RFID, government initiatives regarding Chipless RFID, technological advancements, and growing shift of toward Chipless RFID in these regions.
- For instance, the European Research Council launched ScattererID project that introduced RF communication systems based on Chipless tag while including new functionalities. This project aims to cut down the costs of RFID tags and make it as affordable as barcodes. The project has received funding from the European Research Council under the European Union’s Horizon 2020 research and innovation program.
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