Global printed and chipless RFID market size is projected to hit USD 16.29 billion by the year 2023. The use of such a technology will be extremely helpful in the retail industry and increase sales, improve visibility, boost customer services and enhance operational efficiency, among others. The increase in the overall improvement in the customer experience, store execution, omni-channel retailing, inventory accuracy and on-shelf availability will fuel the printed and chipless RFID market growth.
Notable advancements in the fields of printed electronics, conductive inks and nanotechnology will result in the major decline in the cost of tags. Nations part of the BRIC have been going through infrastructure modernization that will prove to be extremely beneficial and a major source of help for the transport sector.
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Rising technological advancements across key regional industries will foster printed and chipless RFID market share in the forecast timeframe. The steady growth within the technological landscape involves major collaborations for product innovation like the development of photosensitive tags. There have been several investments in the research and development of RFID to come up with different innovations concerning conductive inks and nanotechnology.
Several key market players such as Alien Technology Corporation, TAGSYS RFID and Zebra Technologies, among several others constitute the competitive dynamics of the printed and chipless RFID market. These firms constantly seek to stay on the competitive edge on the basis of certain parameters like go-to-market channel partners, product availability, performance and product differentiation.
There are several technical benefits of RFID associated with supply chain management that includes enhanced visibility, asset tracking, item-level tracking, quality control, automatic scanning, labor reduction, traceable warranties, and efficient product recalls. These advantages have encouraged notable adoption among all the actors in the supply chain that includes distributors, retailers, manufacturers and wholesalers.
The transport and logistics segment will continue to remain a prominent consumer of printed and chipless RFID products. The segment will account for more than USD 6.3 billion of global share by the year 2023. Chipless systems are more convenient compared to the read-write tags that are expensive and have a larger memory. the chipless systems tend to detect tags by a technique called signal processing demodulation for the extraction of data.
Companies that operating in the aviation industry generally prefer incorporation of technology into new product offerings. Key transformation in the sector have been stimulated by the need to reduce total expenditure as well as increase fuel-efficiency. The aviation segment held nearly 12.5% of the total printed and chipless RFID market revenues in 2015.
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The healthcare space has been greatly supported by the favorable regulatory norms over the past few years. Implanting the tag is helpful in offering faster solutions as well as link clinical personnel to medical records that are relevant for all the patients suffering from syndromes that tend to hinder communication.
Table of Contents (ToC) of the report:
Chapter 1 Methodology & Scope
1.1 Research Methodology
1.1.1 Initial data exploration
1.1.2 Statistical modeling and forecast
1.1.3 Industry insights and validation
1.2 Data Sources
Chapter 2 Executive Summary
2.1 Printed & chipless RFID industry 3600 synopsis, 2012 - 2023
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Application trends
Chapter 3 Printed and Chipless RFID Market Insights
3.1. Industry segmentation
3.2. Industry Size and forecast, 2012 - 2023
3.3. Industry ecosystem analysis
3.4. Industry Impact forces
3.4.1. Growth drivers
126.96.36.199. Reducing cost of tags
188.8.131.52. Demand for operational efficiency
184.108.40.206. Growth in the counterfeit items ecosystem
3.4.2. Industry pitfalls & challenges
220.127.116.11. Security concerns
3.5. Growth potential analysis
3.6. Porter’s analysis
3.7. Competitor landscape, 2015
3.8. PESTEL analysis
3.9. Technology landscape
3.9.1. RFID technology evolution
3.9.2. RFID components
3.9.3. Conventional vs. chipless RFID
Chapter 4 Printed and Chipless RFID Market By Application Insights
4.1. Printed & Chipless RFID market share by application, 2015 & 2023
4.2.1. Market estimates and forecasts by region, 2012 - 2023
4.3.1. Market estimates and forecasts by region, 2012 – 2023
4.4. Logistics & Transport
4.4.1. Market estimates and forecasts by region, 2012 - 2023
4.5.1. Market estimates and forecasts by region, 2012 - 2023
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