The Global Chip less RFID Market is estimated to grow at a CAGR of 31.2% during the forecast period. The phrase “chip less RFID” refers to systems that convey data using RF radiation, but do not store a serial number in a silicon microchip in the transponder. Instead of silicon-based microchips, some chip less tags use plastic or conductive polymers. Other chip less tags make use of materials that reflect some of the radio waves that are directed at them. A computer takes a photograph of the waves that are returned, and uses it as a fingerprint to identify the object with the tag. To prevent unauthorized photocopying of particular documents, companies are experimenting with inserting RF reflecting fibers in paper.
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The major benefits of these features allow chip less RFID to be used in unique applications that were previously impossible to achieve with both chipped and barcode RFIDs. Low-cost item tagging for ID cards, cash, drink containers, books, metal cans, and client items are just a few examples. A chip less RFID tag can also be used as a chip less RFID sensor, to provide low-cost sensors for implementing the IoT paradigm’s universal networks. CO2 detection is primarily done with chip less RFID sensors.
Over the forecast period, the global chip less RFID market is expected to increase significantly. The chip less RFID market is growing, due to the factors such as high accuracy, low production costs, and the ability to perform more functions than other options. All chip less RFID tags within range may be recognized instantly, and data in the system database can be compared. As a result, it lowers human error and labour while yet providing excellent accuracy. Furthermore, chip less RFID technology offers a variety of benefits, including read/write capability, automation, and the ability to uniquely identify each item or asset, among others.
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Market Coverage
- Segment Covered-
o By Application
o By Product type
o By End user
o By Frequency
- Competitive Landscape: Alien Technology, LLC., Applied Wireless, Inc., Avery Dennison Corporation, Checkpoint Systems, Inc., Honeywell International Inc., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominates the market in base year?
- Which segment and region will project fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from pre-COVID forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Chip less RFID Market Segmentation,
By Application
o Smart Cards
o Smart Tickets
o Others
By Product Type
o Tag
o Reader
By End User
o Retail
o Healthcare
o Logistics and Transportation
o BFSI
o Others
By Frequency
o Low frequency
o High frequency
o Ultrahigh frequency
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