Dublin, Nov. 05, 2024 (GLOBE NEWSWIRE) — The “Chipless RFID – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering.
The global market for Chipless RFID was estimated at US$2.3 Billion in 2023 and is projected to reach US$7.8 Billion by 2030, growing at a CAGR of 19.4% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Chipless RFID (Radio Frequency Identification) is rapidly gaining traction across various industries due to its cost-effectiveness, versatility, and ability to track and manage assets without the need for expensive microchips. Unlike traditional RFID, which requires an embedded silicon chip, chipless RFID relies on advanced antenna designs and materials to encode data, making it a more affordable and scalable solution for industries looking to implement IoT (Internet of Things) and automated tracking systems.
What Is Driving the Growth of the Global Chipless RFID Market?
The growth of the global chipless RFID market is being driven by several key factors, including the rising demand for cost-effective tracking solutions, the expansion of IoT and automation technologies, and the increasing emphasis on sustainability and waste reduction. One of the primary drivers is the growing need for low-cost identification and tracking systems, particularly in industries like retail, logistics, and manufacturing, where managing large inventories and complex supply chains requires efficient asset tracking.
Another significant driver of market growth is the rapid expansion of the Internet of Things (IoT) and the increasing adoption of automation technologies. As more industries embrace digital transformation, the need for automated systems that can track and manage assets in real-time is becoming critical. Chipless RFID technology, which allows items to be identified and monitored without human intervention, is a natural fit for IoT networks.
Sustainability and regulatory pressures are also driving the growth of the chipless RFID market. As industries face increasing scrutiny over their environmental impact, businesses are seeking ways to reduce e-waste and promote eco-friendly practices. Chipless RFID, which eliminates the need for silicon chips and batteries, aligns with these sustainability goals, offering a greener alternative to traditional RFID systems.
Additionally, advancements in production technologies are making chipless RFID more accessible and affordable. Innovations in materials science and printing techniques have reduced the cost of producing chipless RFID tags, making them a viable solution for industries that need to tag large volumes of low-cost items. These advancements, coupled with the increasing availability of advanced readers and data processing systems, are driving down the barriers to entry for chipless RFID technology, making it more appealing to a broader range of industries.
The combination of growing demand for cost-effective tracking solutions, the rise of IoT and automation technologies, and the increasing focus on sustainability are driving the rapid expansion of the global chipless RFID market. As industries continue to seek more efficient, scalable, and eco-friendly solutions for tracking assets and managing supply chains, chipless RFID is poised to play a crucial role in the future of industrial automation and sustainable business practices.
How Are Technological Advancements Enhancing Chipless RFID Capabilities?
Technological advancements are significantly improving the capabilities of chipless RFID, enabling it to meet the growing demands of industries that require efficient, large-scale asset tracking and data management. One of the most significant innovations in chipless RFID technology is the development of more sophisticated tag designs.
Additionally, innovations in frequency and signal processing are enhancing the range, readability, and accuracy of chipless RFID systems. New signal processing algorithms allow readers to more effectively capture and decode data from chipless RFID tags, even in challenging environments where interference or long distances can disrupt communication. This is particularly important for industries like logistics and retail, where items are often transported over large distances and through complex supply chains. Improved signal clarity and data transmission mean that chipless RFID can now be deployed in more demanding environments, such as warehouses, outdoor storage facilities, and shipping yards, without sacrificing performance.
Another critical advancement in chipless RFID technology is the integration of sensor capabilities into the tags. While traditional chipless RFID tags only serve as identifiers, the next generation of tags can also monitor environmental conditions like temperature, humidity, or pressure. This opens new possibilities for industries like pharmaceuticals, food, and agriculture, where tracking environmental factors during transport and storage is crucial for maintaining product quality and safety.
How Are Changing Industry Demands and Sustainability Goals Shaping the Chipless RFID Market?
The growing need for efficient, scalable tracking systems and the increasing focus on sustainability are driving demand for chipless RFID technology across multiple industries. One of the primary reasons for this shift is the rising complexity of global supply chains. As industries like retail, manufacturing, and logistics become more digitized, the need for precise, real-time tracking of goods has intensified.
Sustainability is another key factor shaping the chipless RFID market. Many industries are under pressure to adopt greener practices and reduce their environmental footprint. Chipless RFID tags, made without silicon chips or batteries, are seen as a more sustainable alternative to traditional RFID tags, which contribute to e-waste. The production of chipless RFID tags involves fewer materials and less energy, making them an eco-friendly choice for businesses that prioritize sustainability.
Moreover, consumer behavior is shifting toward greater transparency in the products they purchase. Consumers are increasingly interested in knowing where products come from, how they are made, and whether they adhere to ethical and environmental standards. Chipless RFID provides an opportunity for companies to offer greater visibility into their supply chains, enabling consumers to access information about product origins, manufacturing processes, and sustainability certifications. Retailers, in particular, are leveraging chipless RFID to track products from production to point of sale, ensuring transparency and building consumer trust.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the RFID Tags segment, which is expected to reach US$6.5 Billion by 2030 with a CAGR of a 19.6%. The RFID Readers segment is also set to grow at 18.6% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, which was estimated at $615.3 Million in 2023, and China, forecasted to grow at an impressive 27.0% CAGR to reach $2.0 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players in the Chipless RFID market such as Alien Technology, Applied Wireless, Inc., CAEN RFID Srl, Datalogic SpA, Dipole RFID and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 293 |
| Forecast Period | 2023 – 2030 |
| Estimated Market Value (USD) in 2023 | $2.3 Billion |
| Forecasted Market Value (USD) by 2030 | $7.8 Billion |
| Compound Annual Growth Rate | 19.4% |
| Regions Covered | Global |
Key Topics Covered:
MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Chipless RFID – Global Key Competitors Percentage Market Share in 2024 (E)
- Competitive Market Presence – Strong/Active/Niche/Trivial for Players Worldwide in 2024 (E)
MARKET TRENDS & DRIVERS
- Rising Adoption of Chipless RFID in Retail and Inventory Management Expands Addressable Market
- Case Overview: Increasing Focus on Enhancing Supply Chain Visibility Spurs Adoption of Chipless RFID
- Focus on Reducing Hardware Costs Drives Market Growth for Chipless RFID Solutions
- Case Overview: Rising Use of Chipless RFID in Anti-Counterfeiting and Brand Protection Fuels Market Demand
- Increasing Demand for Contactless and Passive RFID Technologies Expands Opportunities for Chipless RFID
- Growth in E-Commerce and Logistics Industries Strengthens Business Case for Chipless RFID
- Increasing Adoption of Chipless RFID in Smart Packaging Expands Market Reach
- Technological Advancements in Printed Electronics Propel Innovation in Chipless RFID Market
- Case Overview: Growing Use of Chipless RFID in Healthcare and Pharmaceutical Sectors Expands Market Scope
- Increasing Adoption of Chipless RFID in Asset Tracking Solutions Strengthens Business Case for Growth
- Case Overview: Increasing Use of Chipless RFID in Fashion and Apparel Industries Expands Market Opportunities
FOCUS ON SELECT PLAYERS:Some of the 53 companies featured in this Chipless RFID market report include
- Alien Technology
- Applied Wireless, Inc.
- CAEN RFID Srl
- Datalogic SpA
- Dipole RFID
- GAO RFID, Inc.
- HID Global Corporation
- Honeywell International, Inc.
- Invengo Information Technology Co., Ltd.
- PulpaTronics
For more information about this report visit https://www.researchandmarkets.com/r/kvoqm
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