The global printedand chipless RFID market is expected to reach USD 15.3 billion
by 2022, according to a new study by Grand View Research, Inc. Development of
affordable tags owing to simplified manufacturing technology and decreased
manufacturing time have contributed significantly to chipless RFID market
growth over the forecast period. Compatibility with existing infrastructure
with equal efficiency as chip-based tags saves the additional cost of new
system installation.
Suppliers have realized the need for
efficient solutions in various applications such as smart cards, supply chain,
pharmaceutical, and retail. The pharmaceutical industry is replacing chip-based
tag with chipless tags due to high unit prices, which is expected to favorably
impact the industry.
Chipless RFID provides various solutions
including anti-counterfeiting and asset tracking to avoid theft in retail.
Government initiatives for e-passports, increasing electronic transactions,
dynamic conditions in the aviation industry, and increased revenue by customer
delights are some of the drivers expected to favorably impact chipless RFID
market growth.
High initial cost of system implementation
is expected to pose a challenge to technology adoption. Implementation cost is
anticipated to decrease over the next few years owing to technological
advancement and increase in players offering solutions at competitive prices.
Browse full report by Grand View
Research : http://www.grandviewresearch.com/industry-analysis/chipless-rfid-radio-frequency-identification-market
Further key findings from the study suggest:
·
Growth in public transit industry is expected
to drive printed and chipless RFID market demand in transportation
applications. In these applications, use of contact and contactless smart cards
increases the operational efficiency of the overall transportation system and
saves travel time. Contact-based cards need to have a physical contact with the
reader; however, they can be placed in close proximity of the reader to
initiate the communication process.
·
In retail, the technology is used for stock
tracking, supply chain management, check product availability, reverse
logistics and reducing loss due to shrinkage. The segment contributed to over
25% of the global revenue in 2014.
·
Government departments in collaboration
with other agencies have initiated research and development projects. Asia
Pacific printed and chipless RFID market is expected to exhibit CAGR of over
30% from 2015 to 2022, primarily due to high growth prospects in regions such
as China and India.
·
Zebra Technologies acquired Motorola
Solutions Enterprise Business in October 2014. Through this acquisition, Zebra
has gained Motorola’s mobile computing, bar coding, card printing, cloud-based
devices, and RFID hardware businesses. The global industry comprises other
notable players include Impinj Corporation, Alien Technology, Intermec, and TAGSYS.
·
Players in the industry practice high
degree of innovation to offer unique solutions. Key competitive factors include
the design, breadth, and quality of products and services, warranty coverage,
product and service availability, product performance, brand recognition,
company relationships with customers, and go-to-market channel partners and
company reputation.
Browse more reports of this category by Grand View
Research: https://www.grandviewresearch.com/industry/emerging-and-next-generation-technologies
Grand View Research has segmented the
global printed and chipless RFID market on the basis of application and region:
Printed And Chipless RFID Application Outlook ( USD
Million; 2012 - 2022)
·
Retail
·
Transport & logistics
·
Aviation
·
Healthcare
Online Movie Ticketing Services Regional Outlook
(Revenue, USD Billion, 2012 - 2022)
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East and Africa
View press
release of this research report by Grand View Research: https://www.grandviewresearch.com/press-release/global-printed-chipless-rfid-market
About Grand
View Research
Grand View Research, Inc. is a U.S. based market research and consulting
company, registered in the State of California and headquartered in San
Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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