Chipless RFID market, By Product Type Outlook (Tag, and Reader), Frequency (Low frequency, High frequency, and Ultrahigh frequency), By Application (Smart Cards, Smart Tickets, and Others), By End User (Retail, Healthcare, Logistics and Transportation, BFSI, and Others), By Region – Global Analysis Forecast Till 2030

The Global Chipless RFID Market size was valued at USD 903.3 million in 2021. It is expected to reach USD 8,744.0 million by 2030, growing at a CAGR of 24.62% during the forecast period (2022–2030).

Chipless RFID refers to radio frequency identification (RFID) systems without silicon integrated circuits. It is a developing wireless technology for access controls, automatic identifications, security & surveillance, tracking, database administration, logistics, and inventory control. In place of silicon-based ICs, it uses plastic or conductive polymers.

A chipless RFID is a form of tag that transmits data by radiofrequency (RF) energy rather than a microchip transponder. Some chipless tags operate at a one-millimeter range and employ conductive polymers or plastics in place of silicone microchips. Additionally, chipless RFID tags contain attributes like the magnetically encoded banknote stripe, a distinctive signature, and microwave-reflecting fiber. These tags are mainly applied to e-passports, banking cards, and item-level labeling.

Market Dynamics

Drivers:

Many companies, especially those in the healthcare and BFIS sectors, are using chipless RFID tags to track their products. These chipless RFID tags are much less expensive because there is no silicone chip and no ongoing maintenance required. These factors have increased the adoption of chipless RFID tags in credit cards and passports. Chipless RFID is also widely used by many businesses because to its low cost and anti-counterfeiting capabilities, which is expected to fuel the growth of the global chipless RFID market during the forecast period.

Since there is no silicone chip or internal battery needed for product tracking, chipless RFID tag manufacturing is relatively affordable, which lowers the cost of these tags. These tags can also be utilised in many different businesses because they don't have any specific applications. These tags are manufactured using inkjet printers, which are relatively less expensive, give enough time for several tags to be printed, and make the entire manufacturing process simple and straightforward. Over the course of the projected period, this is anticipated to fuel market expansion.

Restraints:

Due to the absence of a locking mechanism or security passcode, chipless RFID has a higher chance of data intrusion despite all of its advantages. The use of chipless RFID tags for asset tracking is usually avoided by many firms in the healthcare and other sectors due to the risk of data breaches surrounding the usage of pharmaceuticals and their composition. These elements are predicted to hinder its acceptability over the course of the forecast period, hence limiting the growth of the global Chipless RFID market.

Opportunity:

A mix of communication and sensor technologies called chipless RFID aids businesses in tracking their assets and controlling product shipments. Due to the growing use of chipless RFID across many sectors, major market players are concentrating on research and development operations in order to develop unique products. Additionally, a number of suppliers in the industry are working on producing sensors that can tolerate elements like pressure, moisture, temperature, and other with RFI. As a result, market participants are predicted to have attractive commercial opportunities.

Key Players:

• Zebra Technologies Corporation

• Xerox Corporation

• Thin Film Electronics ASA

• Spectra Systems

• Smiths Detection

• Tag Sense Inc.

• Politronica Inkjet Printing S.r.l.

• Molex Inc.

• Others

Market Segmentation:

Chipless RFID market, By Component Type

• RFID Tags

• RFID Readers

• RFID Middleware

Chipless RFID market, By Industry Type

• Retail and Consumer Goods

• Logistics and Manufacturing

• Healthcare

• Government

• Aerospace and Defense

• Others

Chipless RFID market, By Frequency

• Low frequency

• High frequency

• Ultrahigh frequency

Chipless RFID market, By Application

• Smart Cards

• Smart Tickets

Chipless RFID market, By Region

• North America

• Latin America

• Asia Pacific

• Europe

• Middle East and Africa

Regional Analysis:

APAC is anticipated to experience the fastest growth rate during the hypothesized time period. Organizations in the region, particularly in China, are investing heavily in technology. For instance, the use of RFID labels in the logistics sector to enhance the country's production network market is one example. The APAC region, specifically China, continues to be a significant participant in the global Chipless RFID market. The first smart store, operated by the Chinese company Taocafe, opened its doors in January 2018.

Customers can purchase RFID labels for items and pay with WeChat Pay. Furthermore, in the China market, Tencent, JD.com, and Alibaba all established comparable intelligent stores. Accordingly, the APAC industry's rapid acceptance of chipless RFID products positively impacts the overall chipless RFID market.

Scope of the Report:

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