Radio-frequency identification (RFID) is the use of a wireless non-contact system that uses radio-frequency electromagnetic fields to transfer data from a tag attached to an object, for the purposes of automatic identification and tracking. Some tags require no battery and are powered by the electromagnetic fields used to read them. Others use a local power source and emit radio waves (electromagnetic radiation at radio frequencies). The tag contains electronically stored information which can be read from up to several meters (yards) away.
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In the latest technology developments, chipless RFID tags have been developed and offered at the affordability level of customers, which will result in high growth. They are coupled with a simplified manufacturing technology and decrease in the manufacturing time. Moreover, chipless RFID tags are compatible with the existing infrastructure, which saves the additional cost of installing new system. Manufacturers have reduced the price of chipless RFID tags. This trend is resulting in high growth of chipless RFID market.
The U.S. being a pioneer in the RFID business, contributes for the highest market share (44%) and is expected to grow at a CAGR of 23.2%, followed by Europe and Asia-Pacific (28% each). They are expected to grow at a CAGR of 28.9% and 37.0% respectively. The U.S., Western Europe, and China will be the demand drivers of chipless RFID market.
Off late, the manufacturers have realized the need for affordable and efficient solutions for track and trace for the various applications like retail, supply chain, smart card, etc. Chipless RFID tags prove to be equally efficient at lower cost as compared to chip-based RFID. There is an increasing demand for chipless RFID to provide the various solutions like asset tracking, anti-counterfeiting, to avoid the shrink in retail. It also helps to increase the efficiency and make the system more productive. Chipless RFID has an ability provide the solutions like anti-counterfeiting, which is a universal burning issue for healthcare industry. Supply chain, aviation, and public transit segments are going to be benefited with chipless RFID by creating hassle-free operations. Chipless RFID will make smart cards more secure and hence increase the market penetration of smart cards and so of chipless RFID.
Governments of Nigeria, Singapore, China, and U.K. have already mandated RFID in various projects like counterfeiting, citizen identification, etc. The governments’ mandates provide an extra advantage for growth of chipless RFID.
The report deals with the market trends in chipless RFID and the growth associated with it. It also deals with the various factors that would drive and restrain the market in the next five years.
The revenue generated with respect to global chipless RFID market is expected to reach $3,925 million in 2016 from $1087 million in 2011 at an estimated CAGR of 29.3% from 2011 to 2016.
Scope of the Report
This research report categorizes the Global chipless RFID Market on the basis of tags, reader, and middleware used in the system, along with forecasting revenue and analyzing trends in the chipless RFID market.
On the basis of application market
Chipless RFID is used in the applications like retail, supply chain, smart cards, aviation, healthcare, public transit, and others. The market size of chipless RFID is derived from the usage of chipless RFID in these application segments.
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On the basis of geography
North America, Europe, Asia-Pacific, and ROW are covered in the report. North America comprises U.S, Canada, and Mexico. Europe consists of U.K., Germany, France, Italy, and the rest of Europe. Asia-Pacific includes China, India, Japan, and others. ROW is segmented into Africa, Middle East, and others. Each section will provide market data, market drivers, trends and opportunities, key players, and competitive outlook. This report will also provide market tables for covering the sub-segments and micro-markets. In addition, the report also provides more than 20 company profiles covering all the sub-segments.
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