Global Chipless RFID Market Share 2022 Growth Challenges, Opportunities and Future Trends 2028

The global chipless RFID market is anticipated to grow at a significant CAGR of 22.8% during the forecast period (2022-2028). Chipless RFID refers to radio frequency identification (RFID) which does not use a silicon integrated circuit (IC). Access controls, automatic identifications, security & surveillance, tracking, database administration, logistics, and inventory control are all applications of this emerging wireless technology. It substitutes conductive polymers or plastic for silicon-based ICs. As chipless RFID eliminates the cost of the silicon IC chip in the circuit, it is a breakthrough in overcoming the limitations of standard RFID technology. Furthermore, the chipless RFID is totally printable, making it resistant to extreme weather and temperature conditions. A chipless RFID tag can also be used as a low-cost sensor for implementing the IoT paradigm’s universal networks. CO2 detection is primarily done with chipless RFID sensors.

The chipless RFID market is growing due to its several benefits, including high accuracy, low production costs, and the ability to perform more functions than other options. Since all chipless RFID tags within range may be recognized instantly and data in the system database can be compared, it reduces human error and labor costs while maintaining high accuracy. Also, chipless RFID technology offers a number of other benefits, including reading/write capability, automation, and the ability to individually identify each item or asset. Furthermore, the chipless RFID market in India is being propelled by rising per capita income and rising demand for appliances such as smartwatches.

The market players are also contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, in order to stay competitive in the market. For instance-

• In Dec-2020, Schreiner MediPharm, and PragmatIC Semiconductor joined forces with Avery Dennison. Together, the companies are using NFC technology to develop their smart packaging for general pharma to the unit level, dramatically improving patient safety and experiences.
• In Sep-2020, Reflexis Systems, a supplier of AI-powered workforce management, execution, and communication solutions, was acquired by Zebra Technologies Corp. Reflexis’ platform was combined with Zebra Technologies’ complementary software offerings, providing a unique opportunity to unify the store associate experience.
• In Jun-2020, Maikubo AI Academy and Zebra Technologies Corp. partnered. Maikubo used Zebra technologies’ RFID systems to achieve faster, more accurate asset tagging and management of its training equipment. The solution increased worker efficiency while saving time and improving accuracy and visibility.
• In Feb-2020, in Brazil, Avery Dennison launched a new production site. With the company’s sophisticated technology to manufacture radio frequency identification inlays. This new plant enabled the company to meet the market expansion experienced by the latest needs for projects in several verticals.
• In April 2019, Avery Dennison sought to adopt RFID technology for big pharma in collaboration with Kit Check. This agreement will assist pharmaceutical businesses in incorporating tracking capabilities into their drug labels, allowing for product tracking from the moment of manufacture to delivery to a hospital.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Application
  • By End-User
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World

Competitive Landscape- Alien Technology Corp., Zebra Technologies Corp., Variuscard GmbH, Avery Dennison Corp., and NXP Semiconductors N.V., among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • 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 Chipless RFID Market Report by Segment

By Type

• Tag
• Reader
• Middleware

By Application

• Smart Cards
• Smart Tickets
• Asset Management
• Others

By End-User

• Retail
• Healthcare
• Logistics & Transportation
• BFSI
• Others