Chipless RFID Market Size, Share, Opportunities, And Trends By Product (Tag, Reader, Middleware), By Frequency (Low Frequency, High Frequency, Ultrahigh Frequency), By End-User Industry (Retail, Aerospace And Defense, Travel And Transport/Logistics, Healthcare, Others), And By Geography - Forecasts From 2024 To 2029
- Published : Sep 2024
- Report Code : KSI061610251
- Pages : 126
The chipless RFID market is expected to grow at a CAGR of 21.46%, reaching a market size of US$6.574 billion in 2029 from US$2.488 billion in 2024.
Worldwide, numerous industries, from retail to logistics, healthcare, pro automotive, and the skies, are embracing the use of chipless RFID technology. Compared to the conventional chip-based RFID systems, advantages such as non-line-of-sight identification, real-time tracking, and cost-effectiveness have attracted many people to adopt chipless RFID technology. The retail industry has positively affected the world’s demand for improved controls over inventory management, better customer service delivery, and more efficient operations, for example. Chipless RFID technology helps retail stores achieve smooth checkout processes, reduce stock-outs and product visibility, and optimize their e-stock levels, among others. On top of that, pharmaceutical and health industries have started using this kind of technology for various purposes, such as drug distribution, asset management, and patient monitoring.
Chipless RFID Market Drivers:
- Increased reading range
Market demand for improved read range capabilities has become a key driver of this industry. The read range is the distance between the chip-less RFID readers and tags through which accurate DC data can be retrieved. This demand has largely been fueled by the need to make RFID systems more effective, flexible, and efficient in different sectors. If chip-less RFID technology increases its read range, firms will gain extensive coverage by taking data from tags placed at longer distances. This would enable further scanning and tracking functions where it is possible to identify and control assets or products over huge areas regardless of their proximity.
- Increasing security
The main safety feature of this technology is that it can track and authenticate products differently. Each chipless RFID tag has a different ID, providing precise item encounters and unimpaired precision. Put simply, products will be authentic and intact along the supply chain and thus unable to be counterfeited or duplicated with no authorization at all. Another advantage of chipless RFID is that it facilitates real-time asset or product tracking and monitoring. The constant and accurate collection of data from various areas will help a person to understand information about the location, movement, and status of the tagged goods. As such, aspects that cause an improvement in supply chain security and reduce the likelihood of unauthorized entry are brought about. Proactive measures for detecting and preventing thefts, losses, or tampering have become quite effective.
- Growing adoption of the Internet of Things
By fusing with the Internet of Things (IoT), businesses in various sectors will benefit from chipless RFID technology. Integration of chipless RFID systems and other connected devices can also be realized through IoT so that all these devices work together. Real-time data flow between chipless RFID tags, sensors, gateways, and cloud platforms improves information visibility and accessibility when this connectivity is established. Therefore, organizations can apply sophisticated analytical skills to extract pertinent information from the oceans of data produced by these two types of devices. Thus, it enables decisions to be made based on this data, observing patterns and trends, leading to timely actions meant for increasing production or optimizing operations. Furthermore, IoT integration makes automation and process optimization possible by initiating actions using pre-established workflows and rules. It increases productivity, removes the need for manual intervention, and streamlines processes.
- High demand in the healthcare industry
Chipless 2GRFID-Sys integrates various wireless networking technologies for e-healthcare, including wireless LANs and body area networks that use body sensors to track a patient's medical conditions. This aids in action handling and diagnosis support. Additionally, chipless 1G-RFID-Sys is being used in the patient's ID to monitor an ambulatory patient who might encounter a critical situation while travelling to a location outside of his or her hometown. Chipless 1G-RFID-Sys labels help to identify the initiation of a situation by getting hold of a patient's historical ailments.
Chipless RFID Market Restraints:
- Limited storage capacity
Due to their relatively smaller data storage capacity, chipless RFID tags are less able to store large volumes of data than traditional RFID tags with built-in chips. This limitation implies that each tag can hold only some amount of information, hence limiting their usefulness in cases where detailed data tracking is required.
Chipless RFID Market Geographical Outlook
- North America is witnessing exponential growth during the forecast period
The speed at which RFID technology is finding its way into IoT systems in North America is rising due to a growing demand for more accurate tracking and identification capabilities that optimize a system and all devices in a multi-unit approach. Using RFID tags increases the accuracy and efficiency of Internet of Things applications for industries by providing real-time data on an item's location and status.
Chipless RFID Market Key Launches
- In April 2024, Avery Dennison opened the digital solutions lab at the Microsoft Technology Center. The lab's principal business will be business solutions powered by RFID technology in food, clothing, health, and many other industries. The application is focused on supply chain innovations, which apply this technology and a lean customer experience. With its immersive user experiences, the MTC aptly illustrates how Microsoft transforms state-of-the-art technologies into inventive solutions and applications that span multiple industries. The center assists corporate clients in driving transformation, realizing innovation, and optimizing operations in the age of the digital economy, all while utilizing digital technology and scenario insights as the cornerstone. Avery Dennison's digital solutions can now receive dependable technical support thanks to Microsoft Azure Cloud.
- In September 2023, Amazon unveiled another store with Just Walk Out technology, where shoppers could buy the bulk of its goods without queuing. RFID technology has facilitated easy payment, extending the technology's benefits beyond merchants and retailers. This new RFID functionality for checkout-free technology is unique to Just Walk Out. It will allow retailers to offer a wider range of clothes, apparel, and other softlines merchandise. It is an addition to our computer vision-based offering. RFID-enabled stores offer the same frictionless shopping experience that customers have become accustomed to from Just Walk Out technology stores, and they can be quickly and affordably implemented.
The Chipless RFID market is segmented and analyzed as follows:
- By Product
- Tag
- Reader
- Middleware
- By Frequency
- Low Frequency
- High Frequency
- Ultrahigh Frequency
- By End-User Industry
- Retail
- Aerospace and Defense
- Travel and Transport/Logistics
- Healthcare
- Others
- By Geography
- North America
- USA
- Canada
- Mexico
- South America
- Brazil
- Argentina
- Others
- Europe
- Germany
- France
- United Kingdom
- Spain
- Others
- Middle East and Africa
- Saudi Arabia
- Israel
- South Africa
- Others
- Asia Pacific
- China
- Japan
- South Korea
- India
- Others
- North America
Frequently Asked Questions (FAQs)
1. INTRODUCTION
1.1. Market Overview
1.2. Market Definition
1.3. Scope of the Study
1.4. Market Segmentation
1.5. Currency
1.6. Assumptions
1.7. Base and Forecast Years Timeline
1.8. Key Benefits to the Stakeholder
2. RESEARCH METHODOLOGY
2.1. Research Design
2.2. Research Processes
3. EXECUTIVE SUMMARY
3.1. Key Findings
3.2. CXO Perspective
4. MARKET DYNAMICS
4.1. Market Drivers
4.2. Market Restraints
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
4.5. Analyst View
5. CHIPLESS RFID MARKET BY PRODUCT
5.1. Introduction
5.2. Tag
5.3. Reader
5.4. Middleware
6. CHIPLESS RFID MARKET BY FREQUENCY
6.1. Introduction
6.2. Low Frequency
6.3. High Frequency
6.4. Ultrahigh Frequency
7. CHIPLESS RFID MARKET BY END-USER INDUSTRY
7.1. Introduction
7.2. Retail
7.3. Aerospace and Defence
7.4. Travel and Transport/Logistics
7.5. Healthcare
7.6. Others
8. CHIPLESS RFID MARKET BY GEOGRAPHY
8.1. Introduction
8.2. North America
8.2.1. By Product
8.2.2. By Frequency
8.2.3. By End-User Industry
8.2.4. By Country
8.2.4.1. USA
8.2.4.2. Canada
8.2.4.3. Mexico
8.3. South America
8.3.1. By Product
8.3.2. By Frequency
8.3.3. By End-User Industry
8.3.4. By Country
8.3.4.1. Brazil
8.3.4.2. Argentina
8.3.4.3. Others
8.4. Europe
8.4.1. By Product
8.4.2. By Frequency
8.4.3. By End-User Industry
8.4.4. By Country
8.4.4.1. Germany
8.4.4.2. France
8.4.4.3. United Kingdom
8.4.4.4. Spain
8.4.4.5. Others
8.5. Middle East and Africa
8.5.1. By Product
8.5.2. By Frequency
8.5.3. By End-User Industry
8.5.4. By Country
8.5.4.1. Saudi Arabia
8.5.4.2. Israel
8.5.4.3. South Africa
8.5.4.4. Others
8.6. Asia Pacific
8.6.1. By Product
8.6.2. By Frequency
8.6.3. By End-User Industry
8.6.4. By Country
8.6.4.1. China
8.6.4.2. Japan
8.6.4.3. South Korea
8.6.4.4. India
8.6.4.5. Others
9. COMPETITIVE ENVIRONMENT AND ANALYSIS
9.1. Major Players and Strategy Analysis
9.2. Market Share Analysis
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Competitive Dashboard
10. COMPANY PROFILES
10.1. Alien Technology Corporation
10.2. Qualcomm (NXP Semiconductor NV)
10.3. Variuscard GmbH
10.4. SATO Vicinity Pty. Ltd.
10.5. Matrix (Zebra Technologies)
10.6. Beontag (Confidex Ltd.)
10.7. Honeywell (Intermec)
10.8. Identiv Inc.
10.9. Impinj Inc.
Alien Technology Corporation
Qualcomm (NXP Semiconductor NV)
Variuscard GmbH
SATO Vicinity Pty. Ltd.
Matrix (Zebra Technologies)
Beontag (Confidex Ltd.)
Honeywell (Intermec)
Identiv Inc.
Impinj Inc.
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