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Chipless RFID Market Expanding – Global Forecasts

Wednesday, November 2, 2016 15:43
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(Before It's News)

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 report “Chipless RFID Market (2011 – 2016) – Global Forecasts by Applications (Retail, Supply Chain, Aviation, Healthcare, Smart Card, Public Transit & Others)” defines and segments the retail, supply chain, aviation, healthcare, smart card, public transit and others market with analysis and forecasting of the global revenues for all the products. It also identifies driving and restraining factors for the market with analysis of trends, opportunities, and challenges. The market segments and revenue are forecasted on the basis of major geographies such as North America, Europe, APAC, and ROW. Further, the market is segmented and revenue is forecasted on the basis of products, types, technology, and applications.

Affordability, compatible to existing infrastructure, working capability in all conditions, data accuracy, and simple technology has increased the demand of the chipless RFID across various applications worldwide. Chipless tag market is expected to reach $375.00 million with the highest CAGR of 83.5%.

In terms of geographies, North America contributes the maximum market share; i.e. 44% in the overall Global chipless RFID market in 2010. APAC and Europe hold almost same market share. However, APAC is expected to grow with the highest CAGR of 37% from 2011 to 2016.

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