The global printed
and 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 research report on Printed And Chipless RFID Market: https://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
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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