The global printed and chipless RFID market is projected to grow at a significant CAGR during the forecast period. The major factor contributing to the growth of the market is the growing usage of RFID technology in the retail sector for the authentication of retail products. The RFID in retail stores is mainly used for locating items, in-store fulfilment, cycle counting, item-level replenishment and loss prevention that raises the demand for printed and chipless RFID across retail stores. In mainstream applications, chipless RFID is becoming the key technology that provides ease in the handling of manufactured goods and material by the technology achievement in the microelectronics and communications sector.
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The growing application of chipless RFID technology in various transportation and logistics also contributing to the growth of the market. Further, the chipless RFID provides ease in the RFID identifies the object from a distance, unlike barcode technology’s line of sight requirement. Moreover, the chipless RFID technology can be found its significant use in several application areas such as supply chain management, security, access control, and others. RFID enables wireless data collection by readers from electronic tags attached to or embedded in objects, for identification and other purposes. These applications of chipless RFID further raise the demand that contributes to the growth of the market.
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With the growing demand for identification and tracking applications towards the Internet-of-Things (IoT), RFID technology has gained significant interests due to the remarkable advantages such as automated communication, remote reading, and high data rate capability. Conventional integrated circuit (IC) chip based RFID tags, however, have encountered huge challenges in the deployment at the supply chain for item-level tracking and identification of consumer goods, mainly because of the high price. Fortunately, printable chipless RFID tags, combining the use of high throughput printing processes and low-cost electronic substrates such as polymer and paper sheets, are holding a better chance to enter the era of penny-cost tags that item-level identification demands.
Growing demand in the healthcare sector spur the printed and chipless RFID market
The healthcare industry has a significant application of chipless RFID technology that contribute to market growth. The chipless RFID in wireless body area networks and wireless LANs, that comprises body sensors for monitoring the medical requirements of a patient and provide diagnosis assistance and action handling to the physician in e-healthcare. Moreover, the chipless RFID systems can be employed in the patient’s ID to keep a trace on an ambulatory patient who might face a serious condition while traveling to an outside location. The printed and chipless RFID tags enable to categorize of the emergence of the condition by the patient’s medical records. This type of technological development in the healthcare sector provides substantial opportunity to market growth.
Global Printed and Chipless RFID Market Segmentation
By Type
- RFID Tag
- RFID Readers
- RFID Middleware
By End-User Industry
- Retail
- Transportation and Logistics
- Healthcare
- BFSI
- Others (Aviation)
Printed and Chipless RFID Market – Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
Company Profiles
- 3M Co.
- Alien Technology LLC
- Avery Dennison Corp.
- Confidex Ltd.
- Dai Nippon Printing Co., Ltd.
- Honeywell International Inc.
- iDTRONIC GmbH
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