Chipless RFID Market

“Global Chipless RFID Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2024-2029” provides a deep and thorough evaluation of the global chipless RFID market. chipless radiofrequency identification (RFID) is a wireless technology that tracks and identifies objects, animals, and people. It consists of a scanning antenna, transceiver, and transponder without an application-specific integrated circuit (ASIC). It does not include a microchip to store data in a transponder and provides prolonged tracking and monitoring of the asset life cycle compared to optical identification systems based on barcodes. It also offers high sensitivity toward reading range, received signal strength, reliability, and operational mode in harsh environments. At present, it is employed in banking, financial services and insurance (BFSI), retail, logistics and transportation, food and beverage (F&B), and healthcare industries across the globe.

The increasing adoption of cloud-based systems in various sectors currently represents one of the key factors catalyzing the demand for chipless RFID. It can also be attributed to the expanding applications of wireless sensor technologies across the globe. Moreover, the growing adoption of chipless RFID in inventory management to achieve optimum storage conditions, locate items, eliminate human errors, and improve security facilities is creating a favorable market outlook. In line with this, it is used in food storage, managing transportation and indicating expiry dates. Additionally, it is employed in health care services to track records of patients, medicine storage, expiry indication of medicines, biosensors, and surgery instrument. This, in confluence with the increasing automation in the healthcare sector, is bolstering the growth of the market around the world. In addition, the increasing adoption of chipless RFID on account of its high coding capacity, which enables more information storage in the tag at low cost, is creating a positive market outlook. Apart from this, rising investments in research and development (R&D) activities, which focus on three primary directions, including large coding capacity, compact size, and enhanced configurability of the chipless RFID, are projected to stimulate the growth of the market worldwide.

Beginning with a global overview, the report explores the dynamics that have a strong influence on the chipless RFID market and can also impact its future growth. Taking 2023 as the base year, the report covers the historical market scenario from 2018-2023 and provides forecasts till 2029. This includes the study of value and volume trends and pricing history. Growth-inducing factors, market restraints, and recent developments have also been analyzed in the report in order to provide deeper knowledge about the industry. On a regional basis, the report examines the chipless RFID market in North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. For each of these regions, the report studies the chipless RFID market in detail for the latest trends, outlook, and opportunities.

The report analyses the competitive structure of the chipless RFID Industry and provides the profiles of major players operating in the market. The price margins for the products, along with the various success and risk factors for manufacturers, have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the chipless RFID Industry along with the parameters of Porter’s Five Forces model. This model examines the degree of competition in the chipless RFID Industry by analyzing the threat posed by new entrants and substitutes and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report, which highlights the strengths, weaknesses, opportunities, and threats pertaining to the chipless RFID Industry. Furthermore, the value chain analysis of the chipless RFID Industry has also been covered in the report. This comprises all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales, and distribution. 

Key Segments and Highlights of the Global Chipless RFID Market 

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis
• Market Breakup by Type
• Market Breakup by End-Use
• Market Breakup by Region
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

• Key players

The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the chipless RFID Industry. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analyzed and presented in the form of easily comprehensible charts, graphs, and tables.