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Chipless RFID Market, by Component Type (Direct Thermal and Thermal Transfer), by Industry (Retail & Consumer Goods, Logistics & Manufacturing, Healthcare, Government, Aerospace & Defense, and Others), and by Geography (North America, Europe, Asia Pacific, and Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027<br>
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CHIPLESS RFID MARKET ANALYSIS Chipless RFID Market, by Component Type (Direct Thermal and Thermal Transfer), by Industry (Retail & Consumer Goods, Logistics & Manufacturing, Healthcare, Government, Aerospace & Defense, and Others), and by Geography (North America, Europe, Asia Pacific, and Latin America, Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2019 - 2027
Market Insights - Global Chipless RFID Market A chipless RFID is a type of RFID tag that does not use microchip transponder, instead it uses radiofrequency (RF) energy to communicate data. Some of the chipless tags use conductive polymers or plastics instead of silicone microchip, wherein these chipless tags are digitally encoded and work at one-millimeter range. Furthermore, chipless RFID tags have features such as magnetically encoded stripe in banknotes, unique signature, and microwave reflecting fiber. These tags are predominantly used in e-passport, banking cards, and item-level tagging. The chipless RFID tags are used for asset tracking, smart tickets, anti-counterfeiting, animal tracking, air baggage, and high volume secure documents.
Market Dynamics- Drivers • Growing demand for chipless RFID tags in banking and healthcare sector is expected to drive the global chipless RFID market during the forecast period • Low cost of manufacturing is expected to propel growth of the global chipless RFID market over the forecast period
Market Dynamics- Restraint • Risk associated with breach of confidential information is expected to restrain growth of the global chipless RFID market during the forecast period • Issues associated with data characteristics of chipless RFID are expected to hinder growth of the global chipless RFID market over the forecast period
Market Opportunities • Integration of sensors in chipless RFID tags is expected to pose lucrative business opportunities • Innovation of cloud-based system is expected to present excellent growth opportunities
Market Trends • Technological advancements printed electronics is a major trend in the market • Growing adoption of chipless RFID tags in retail sector is another key trend
Competitive Section • Key companies operating in the global 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.
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