Printed and Chipless RFID Market in healthcare applications is anticipated to witness steady growth in the coming years. Implanting the tag can help provide faster solutions, and link clinical personnel to relevant medical records for patients suffering from syndromes that hamper communication.
Printed and Chipless RFID Market in aviation application, which collected a revenue of USD 300 million in 2015, is anticipated to propel the industry development over the coming timeframe. Retail sector, which accounted for 29% of printed and chipless RFID industry share in 2015, is expected to embellish the industry size over the next few years.
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Growth in the counterfeit items industry results in reduced profitability, which can be avoided by printed and chipless RFID market implementation across the sector. Along with product tracking and streamlined operation, technology adoption also contributes to improved brand image. A growing trend in the industry is increased popularity among small and midsized businesses (SMB).
Quantifiable advantages in stock control and security is expected to be one of the key drivers for the global printed and chipless RFID market size. This has driven adoption among actors across the supply chain, including manufacturers, distributors, wholesalers, and retailers. In the retail industry, the use of this technology helps increase sales, boost customer service, improve visibility, operational efficiency, etc.
U.S. printed and chipless RFID industry is expected to reach USD 4.8 billion by 2023. Major industry participants in the U.S. are making use of this system to carry out support supply chain activities just in time. Brazil printed and chipless RFID market is projected to experience a handsome growth over the coming years, driven by implementation of government schemes favoring the use of the RFID technology across the region.
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Positive technological landscape in key regional industries has resulted in high growth expectations on a global scale. These include collaborations for product innovation, such as photosensitive tags development. Considerable R&D investments will further intensify the impact of printed and chipless RFID market trend.
Widespread application of RFID technology in supply chain, retail, access control, and manufacturing will push printed and chipless RFID market growth over the coming six years. Rapid innovations in nanotechnology and high investments in research activities will generate new growth avenues for the industry. According to Global Market Insights, Inc., “Printed and Chipless RFID market revenue is anticipated to hit USD 16.29 billion by 2023.”
Chapter 3 Printed & 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
22.214.171.124. Reducing cost of tags
126.96.36.199. Demand for operational efficiency
188.8.131.52. Growth in the counterfeit items ecosystem
3.4.2. Industry pitfalls & challenges
184.108.40.206. 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
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