Chipless RFID Market to Witness Expansion Throughout the Forecast Period 2019 – 2027


Posted June 9, 2020 by rohit890

A chipless RFID is a type of RFID tag that does not use microchip transponder, instead it uses radiofrequency (RF) energy to communicate data.

 
Market Overview

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.

The global chipless RFID market was estimated to account for US$ 955.3 Mn in terms of value in 2019.

Get Request Sample Copy Of This Business Report: https://www.coherentmarketinsights.com/insight/request-sample/3367

Market Dynamics

Increasing demand for efficient supply chain management has increased the adoption of chipless RFID tags significantly in the recent past. Chipless RFID tags can store detailed information up to 2KB associated with the tagged products. The prices and other details of the product are automatically recorded when the consumer approaches the counter, without screening every product, eventually saving time of the consumer. Furthermore, it enables the cost tally in a signal scan, which also saves time for the user as well as product retailers. Such advancements in technology have encouraged retail and manufacturing organizations to adopt chipless RFID tags for their respective products.

However, low memory capacity of RFID tags is expected to restrain the global chipless RFID market growth over the forecast period

Detailed Segmentation:

Global Chipless RFID Market, By Component Type:

RFID Tags

RFID Reader

RFID Middleware

Global Chipless RFID Market, By Industry:

Retail & Consumer Goods

Logistics & Manufacturing

Healthcare

Government

Aerospace & Defense

Others

Company Profiles

Zebra Technologies Corporation*

Company Overview

Product Portfolio

Financial Performance

Key Strategies

Recent Developments

Future Plans



Get Request Customization Copy Of This Business Report: https://www.coherentmarketinsights.com/insight/request-customization/3367

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.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us:

Name: Mr. Raj Shah

Phone: US +12067016702 / UK +4402081334027

Email: [email protected]

Visit Our Blogs: https://blog.coherentmarketinsights.com
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By coherent market insights
Country India
Categories Advertising , Blogging , Industry
Last Updated June 9, 2020