Global Chipless RFID Market: Overview
Radio frequency identification (RFID) is a wireless technology. Radio waves are used to read & capture data stored on the transponder and this data is attached to an object. The transponder is capable of reading data from long distance and does not require to be within direct line of sight of the reader to track information. Several transponders do not require the power source and can run on the electromagnetic fields, while some transponders emit radio waves and need limited power to run. Many manufacturers realized the significance of reasonable and efficient solutions to trace data for several applications including supply chain, smart card, and retail. It also offers advantages such as avoid the shrink in retail, asset tracking, and anti-counterfeiting.
Global Chipless RFID Market: Growth Factors
Growth in the global market is due to ease in manufacturing technology and high accuracy data are anticipated to foster the global chipless RFID market growth. In addition, decreasing cost and compatibility with existing infrastructure may foster the global market growth. Also, increasing spending on RFID by the government has opened up new growth opportunities in the global market. Increasing use of the chipless RFID in the public transit, supply chain, and aviation industries for creating hassle-free operations has spurred the growth of the global chipless RFID market. Growing need for chipless RFID in the supply chain visibility and inventory management has made the chipless RFID survive in the global market. Decreasing cost of the transponders is another reason for the growth in the global market. Conversely, prime factor that restraints the global chipless RFID market is its low memory.
Global Chipless RFID Market: Segmentation
The application segment of the global chipless RFID market includes supply chain, patient monitoring, smart cards, tracing healthcare & pharmaceutical equipment, retail, aviation industry, and public transit. Of these, public transit is the contributed for the largest market share due to reduced cost and rise functionality. Some of the public transport schemes use RFID technology such as T-Monet, Oyster Card, Saint Petersburg City Card, Octopus Card, and Ventra. These cards are not only used in local public transport but also in railway systems.
Global Chipless RFID Market: Regional Analysis
The geographical segmentation of the global chipless RFID market includes North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America contributed the largest market share in the global market. The U.S. is expected to be the dominating region in the chipless RFID market as it shows a significant growth in the next few years. Acceptance of this technology in the U.S. based companies increases inventory visibility and build their supply chain management in an effective way, fostering the global chipless RFID market growth. However, Food and Drugs Association and the US Department of Defense encourages the use of the RFID technology in the management of the supply chain for the tracing of products in this region.
Global Chipless RFID Market: Competitive Players
Major players in the global chipless RFID market are Inksure Technologies Inc., Zebra Technologies Corporation, Dai Nippon Printing Co. Ltd., Toppan Forms Co. Ltd., and BASF SE. Other players include Impinj Incorporation and Alien Technology Corporation.
Global Chipless RFID Market: Regional Segment Analysis
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