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Printed and Chipless RFID Market Revenue Statistic, Demand Analysis and Future Opportunity By 2023

Author : Ronak Bora | Published Date : 2020-09-14 

Europe printed and chipless RFID market share is forecast to exceed 25% by 2023. Germany and the UK are the major regional contributors to this growth.

Positive technological landscape in key regional industries has resulted in high growth expectations on a global scale. These include collaborations for product innovation, such as photosensitive tags development. Considerable R&D investments will further intensify the impact of this trend.

Incumbent players need to dissipate concerns regarding data storage safety to enable increased commercialization and adoption.

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Printed and Chipless RFID Market has observed large-scale replacements of chip-based tags with chipless equivalents to prevent theft via asset tracking. Favorable government policies such as issuing of electronic-passports has benefited the industry to a large extent. Rise in the number of e-transactions with the advent of e-commerce sector will favorably influence the revenue of Printed and Chipless RFID industry. Again, high consumer preference for digital transactions is expected to offer new growth opportunities for the industry and offer bright prospects for the business.

Widespread application of RFID technology in supply chain, retail, access control, and manufacturing will push printed and chipless RFID market growth over the coming six years. Rapid innovations in nanotechnology and high investments in research activities will generate new growth avenues for the industry. Printed and Chipless RFID Industry revenue is anticipated to hit USD 16.29 billion by 2023.

Ability of printed and chipless RFID systems to automate function and support long range processes has enhanced its popularity across aviation, retail, healthcare, and logistics & transport sectors. Printed and Chipless RFID market revenue in the healthcare sector will increase substantially over the coming seven years. Its major application in staff identification, patient data tracking, inventory control, and document management will succor the growth.

Printed and chipless RFID market size in healthcare applications is anticipated to witness steady growth in the coming years. Implanting the tag can help provide faster solutions, and link clinical personnel to relevant medical records for patients suffering from syndromes that hamper communication.

Read-write tags have comparatively large memory and are more expensive. They are primarily used in applications, where the data needs to be updated during the process such as supply chain management and manufacturing. In chipless systems, readers detect the tag by signal processing demodulation technique for data extraction.

 Major participants include Zebra Technologies, Alien Technology Corporation, Intermec, TAGSYS RFID, etc. Competitive advantage is based on parameters include product differentiation, go-to-market channel partners, performance, availability, etc.

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Technology benefits in supply chain management comprise automatic scanning, enhanced visibility, labor reduction, asset tracking, traceable warranties, item level tracking, product recalls, and quality control.

Table of Contents (ToC) of the report:

Chapter 1         Methodology & Scope

1.1         Research Methodology

1.1.1     Initial data exploration

1.1.2     Statistical modeling and forecast

1.1.3     Industry insights and validation

1.2         Data Sources

Chapter 2         Executive Summary

2.1         Printed & chipless RFID industry 3600 synopsis, 2012 - 2023

2.1.1     Business trends

2.1.2     Regional trends

2.1.3     Application trends

Chapter 3         Printed and Chipless RFID Market Insights

3.1.        Industry segmentation

3.2.        Industry Size and forecast, 2012 - 2023

3.3.        Industry ecosystem analysis

3.4.        Industry Impact forces

3.4.1.    Growth drivers

3.4.1.1. Reducing cost of tags

3.4.1.2. Demand for operational efficiency

3.4.1.3. Growth in the counterfeit items ecosystem

3.4.2.    Industry pitfalls & challenges

3.4.2.1. Security concerns

3.5.        Growth potential analysis

3.6.        Porter’s analysis

3.7.        Competitor landscape, 2015

3.8.        PESTEL analysis

3.9.        Technology landscape

3.9.1.    RFID technology evolution

3.9.2.    RFID components

3.9.3.    Conventional vs. chipless RFID

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/printed-chipless-rfid-radio-frequency-identification-market

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for fractovia and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. [email protected] | https://twitter.com/RonakBora26

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