The global Chipless RFID market size was valued at $984.0 Million in 2020 and is expected to reach $5,369.4 Million by 2028 growing at the CAGR of 23.03% from 2021 to 2028. This growth is attributed to several macro and microeconomic factors such as
- Low cost of manufacturing
- Rise in demand for chipless RFID tags in the healthcare & banking sector
- Driver 3
Further several factors restraining the market growth include
- Data encoding and transmission while designing chipless RFID
- Restrsin 2
Collaborations and Alliances in the Chipless RFID market are expected to generate higher avenues during the forecast period.
The COVID-19 pandemic has led to supply chain disruptions leading to supply shortages or lower demand in the chipless RFID market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.
In terms of COVID 19 impact, the chipless RFID market report also includes following data points:
- Impact on chipless RFID market size
- End-User Trend, Preferences, and Budget Impact
- Regulatory Framework/Government Policies
- Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
- Opportunity in chipless RFID market
Key Insight in the report:
The global chipless RFID market report covers executive summary, market dynamics, COVID impact & post COVID scenario, market size and forecast, competitive intelligence, market positioning, and product offerings.
Our report covers extensive competitive intelligence which includes following data points:
- Business Overview
- Business Segment Data
- Financial Data
- Product Segment Analysis and Specification
- Recent Development and Company Strategy Analysis
- SWOT Analysis
The report covers market sizing and forecasting at the country level as well as at the segment level. Chipless RFID market is analyzed across the below-mentioned different segments:
- Product Type
- Smart Cards
- Smart Tickets
Chipless RFID market is also analyzed across below-mentioned regions/countries:
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Rest of the World
- South America
- Middle East & Africa
Some of the key players in chipless RFID market include:
- Alien Technology
- Applied Wireless, Inc.
- Avery Dennison Corporation
- Checkpoint Systems, Inc.
- Oneywell International Inc
- IDTRONIC GmbH
- Impinj, Inc.
- Invengo Technology Pte. Ltd.
- NXP Semiconductors
- Zebra Technologies Corporation
REPORT CONTENT BRIEF:
- High level analysis of the current and future market trends and opportunities
- Detailed analysis on current market drivers, restraining factors, and opportunities in the future
- Chipless RFID market estimates for 2020 and forecast from 2021 to 2028
- Vendor market share analysis at each product level
- Competitor analysis with a detailed insight into its product segment, financial strength, and strategies adopted.
- Identifies key strategies adopted including product launches and developments, mergers and acquisitions, joint ventures, collaborations and partnerships as well as funding taken and investment done, among others.
- Suppliers and traders
- Government, associations, and industrial bodies
- Investors and trade experts
- Consulting Firms or Individual Consultant
- Anyone interested in understanding industry dynamic of chipless RFID market