San
Francisco, Nov 27 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: 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: 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
Browse press release of this report by
Grand View Research: 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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