Chipless RFID tags enable authentication and traceability of products without integrated circuits. They help identify genuine products and curb counterfeiting. Chipless RFID tags are also used for supply chain management, asset tracking, and authentication of high-value goods. These tags are smaller, thinner, and more cost-effective than traditional RFID tags.
The global Chipless RFID Market is estimated to be valued at US$ 6488.29 Mn in 2023 and is expected to exhibit a CAGR of 9.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
The growth of the Chipless RFID market is expected to be accelerated by the rising demand for authentication and traceability solutions. Chipless RFID tags can be directly printed or encoded on product labels and packaging for supply chain visibility. They help track high-value goods and components throughout the supply chain in a cost-effective manner. Industries such as pharmaceuticals, luxury goods, and electronics are increasingly adopting chipless RFID solutions to curb counterfeiting. Chipless RFID solutions enable item-level tagging of products and provide item-specific details like date of manufacture, batch, and expiration. This helps authorize genuine products and detect counterfeits. The technology is also finding applications in identity cards and passports for personnel authentication.
Segment Analysis
The global chipless RFID market is dominated by the infrared and microwave segment. This segment holds the largest share as it does not require semiconductor chips to function and offers a relatively lower cost as compared to active RFID tags. Infrared and microwave-based chipless RFID tags enable contactless storage and retrieval of data on an RFID tag through wireless communication, which makes them highly suitable for applications requiring frequent read and write operations.
Key Takeaways
The global Chipless RFID Market Analysis is expected to witness high over the forecast period of 2023 to 2030. Rapid adoption across industries such as healthcare, retail, logistics, and others are expected to drive the market during this period.
North America is currently the dominant region in the chipless RFID market and is expected to maintain its leading position over the next few years. Large presence of key players and growing applications across various industries are some of the key factors attributed to the region's high market share. However, Asia Pacific is projected to grow at the fastest pace during the forecast period owing to increasing investments by governments and companies in RFID technologies for supply chain and asset tracking applications.
Key players operating in the chipless RFID market are Zebra Technologies Corporation, Spectra Systems, Molex Inc., Xerox Corporation, Politronica Inkjet Printing S.r.l., Vubiq Networks Inc., Thin Film Electronics ASA, and TagSense Inc. Zebra Technologies Corporation holds a significant market share due to its comprehensive product portfolio and global footprint. The company focuses on new product launches as well as mergers and acquisitions to further strengthen its market position.
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Latest released research study on Chipless Rfid Market delivers volume and values at regional and company levels considering slowdown due to COVID across the globe.
From a global perspective, the report analyzes historical data and future prospects to represent the total Global Chipless Rfid Market size broken down by various segments (type and application) and by highest potential and emerging countries.
Chipless RFID system have a tag which has no in-built Integrated Chip-IC on it and does not contain its individual power supply called passive tags which results in low cost of RFID system.
Unlock new opportunities in Global Chipless Rfid Market; the latest release from AMA highlights the key market trends significant to the growth prospects, Let us know if any specific players or list of players needs to consider gaining better insights Global Chipless Rfid Market Segmentation's The segmentation chapter allows readers to understand aspects of the Global Chipless Rfid Market such as products, available technologies, and applications.
The research report also provides insightful information on new trends that are likely to define the progress of these segments over the next few years.
On the Basis of by Application (Vehicles, Electronic Gadgets, Smart Cards, Supply Chain, Others), Components (RFID Reader, RFID Tag (Passive, Semi-passive, Active), Database), Security Threats (Reverse Engineering, Eavesdropping, Power Analysis Attack, Cloning and Spoofing), End-Users (Healthcare, Travel and Transport, Defense, Retail, Others) On the Basis of Region: North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey & Rest of Middle East & Africa Market DriversRising Usage of Electronic Printing and Ink TechnologiesGrowing Technological Propagation Market TrendRising Product Awareness among End UsersProduct Launches In Line With Customer Requirement RestraintsLow Memory of Chipless RFID ChallengesDifficult To Read Ultrahigh Frequency Tags Near a Human BodyTags with Large Amount of Liquid or Metals Cannot Be Read Easily How geography and sales fit together This study is helpful to all operators who want to identify the exact size of their target audience at a specific geographic location.
