Chipless RFID Market Size, Growth, Opportunity, Analysis And Forecasts To 2027Posted by rohit on February 17th, 2020 Market Overview A chipless RFID is a type of RFID tag that does not use microchip transponder, instead it uses radiofrequency (RF) energy to communicate data. Some of the chipless tags use conductive polymers or plastics instead of silicone microchip, wherein these chipless tags are digitally encoded and work at one-millimeter range. Furthermore, chipless RFID tags have features such as magnetically encoded stripe in banknotes, unique signature, and microwave reflecting fiber. These tags are predominantly used in e-passport, banking cards, and item-level tagging. The chipless RFID tags are used for asset tracking, smart tickets, anti-counterfeiting, animal tracking, air baggage, and high volume secure documents. Global RFID tags market was valued at US$ 323.6 Mn market in 2018 and is forecasted to reach a value of US$ 3,145.5 Mn by 2027 at a CAGR of 27.9% between 2017 and 2027. Request Sample Copy of this Report @https://www.coherentmarketinsights.com/insight/request-sample/3367 Market Dynamics Increasing demand for efficient supply chain management has increased the adoption of chipless RFID tags significantly in the recent past. Chipless RFID tags can store detailed information up to 2KB associated with the tagged products. The prices and other details of the product are automatically recorded when the consumer approaches the counter, without screening every product, eventually saving time of the consumer. Furthermore, it enables the cost tally in a signal scan, which also saves time for the user as well as product retailers. Such advancements in technology have encouraged retail and manufacturing organizations to adopt chipless RFID tags for their respective products. However, low memory capacity of RFID tags is expected to restrain the global chipless RFID market growth over the forecast period Market Taxonomy This report segments the global chipless RFID market on the basis of component type and industry. On the basis of component type, the global chipless RFID market is RFID tags, RFID reader, and RFID middleware. On the basis of industry, the market is segmented into retail & consumer goods, logistics & manufacturing, healthcare, government, aerospace & defense, and others. Detailed Segmentation:
Request For Customization @ https://www.coherentmarketinsights.com/insight/request-customization/3367 Key companies operating in the global chipless RFID market are Zebra Technologies Corporation, Spectra Systems, Molex Inc., Xerox Corporation, Politronica Inkjet Printing S.r.l., Vubiq Networks Inc., Thin Film Electronics ASA, and TagSense Inc. About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Like it? Share it! More by this author |