Huge Demand of Global Chipless RFID Market during 2022-2024
New Study Reports “Chipless RFID Market 2022, Analysis, Growth, Size, Trends Forecasts 2024″ has been Added on PMR.
Report Overview
Starting with the overview of the Chipless RFID Market, it presents an overall analysis of the latest trends that are prevalent in the industry. The report begins with the description of the market surroundings and the analysis of the size and forecast of product or service based on regions and applications. In addition to it, the report also introduces the market competitive landscape among the vendors and manufacturers that contribute to the growth of the product or service. The company profiling and market price analysis in relation to the value chain features is also covered in the report. The data experts have examined and scrutinized the industry trends in the key regions. 2022 has been considered as the base year, with the forecast period extending to 2024.
“The US$ 477.7 Million chipless RFID market is estimated to reach US$ 3,058.2 Million by 2024-end, reflecting a robust CAGR of 26.1% during the forecast period (2016-2024).
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The retail sector will play a crucial role in driving the market growth globally over the next couple of years. Adoption of chipless RFID is expected to remain high in stores for smart shelves and item-level tagging.” — Persistence Market Research (PMR)
Global Chipless RFID Market: Key Stakeholders
US-based chipless RFID manufacturers will continue their dominance with companies such as Xerox Corporation and Zebra technologies leading the pack on a global level. PMR’s analysis reveals that strategic partnerships amongst players will remain a key trend throughout the forecast period in order to penetrate narrower channels of the market. Thin Film Electronics ASA, Spectra System, Tag Sense, Politronica, and Molex are some of the other companies who have significantly increased their footprints in the global chipless RFID market in recent years.
Key Players:
The report has profiled some of the Important players prevalent in the global like – Zebra Technologies Corporation, Xerox Corporation, Thin Film Electronics ASA, Spectra Systems, Smiths Detection, Tag Sense Inc., Politronica Inkjet Printing S.r.l., Molex Inc.and more.
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Chipless RFID.
Bottlenecks
According to PMR’s latest report on the global market for chipless RFID, issues associated with data characteristics is likely to inhibit the overall growth of the market during the assessment period. Further, technological stringency is translating into operational restrictions of chipless RFID. Tags developed using chipless RFID technology are susceptible to various physical and virtual attacks, which increases the possibilities of data misuse. These tags are easily accessible making any private information stored in them prone to malignant threats. On the other hand, factors such as cost effective manufacturing technology, rapid adoption in sectors such as banking and healthcare and growing need for efficient supply chain management are expected to define the market growth over the next couple of years.
Sturdy Consumption of Chipless RFID Tag
As per the projection, demand for chipless RFID tag will gain maximum traction, while chipless RFID reader will emerge as the second largest segment of the market over 2024 on the basis of component type. In terms of revenue, the RFID tag segment is anticipated to expand at the fastest CAGR of 31.4% over the forecast period, followed by RFID reader segment.
Usage of Chipless RFID Will Remain High In Retail & Consumer Goods Industry
Based on industry type, the retail & consumer goods segment is set to expand at a significant CAGR of 29.3% in terms of value over the forecast period. In 2016, the segment stood at a market valuation of US$ 194.2 Million and is expected to remain dominant in terms of revenue share throughout the forecast period. The logistics & manufacturing is expected to remain the second largest segment of the market, surpassing a market valuation of US$ 984 Million by 2024 end.
Region Coverage (Regional Production, Demand & Forecast by Countries etc.):
North America (U.S., Canada, Mexico)
Europe (Germany, U.K., France, Italy, Russia, Spain etc.)
Asia-Pacific (China, India, Japan, Southeast Asia etc.)
South America (Brazil, Argentina etc.)
Middle East & Africa (Saudi Arabia, South Africa etc.)
Key Stakeholders
Chipless RFID Market Manufacturers
Chipless RFID Market Distributors/Traders/Wholesalers
Chipless RFID Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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Major Highlights of the Chipless RFID Market Report:
- The Chipless RFID Market analysis report offers an in-depth study of the potential market growth opportunities and challenges.
- The report dives deeper into the market and explains the dynamic factors bolstering market growth.
- The report deeply assesses the current, historical market size, market share, and revenue growth rates to offer accurate market projections for the forecast period.
- The report analyzes the Chipless RFID Market presence across major regions of the world.
- It determines the production & consumption capacities and demand & supply dynamics of each regional market.
- The report further illustrates the intense competition among the key market players and highlights their effective business expansion plans and strategies.
- It provides company overview and SWOT analysis of each of the market players.
Key Questions Answered in This Report.
- What will the Market growth rate in Future?
- What are the key factors driving the global Market?
- Who are the key manufacturers in Market space?
- What are the opportunities and threats faced by the vendors in the global industry?
- What are sales, revenue, and price analysis by regions of industry?
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