Chipless RFID Trends and Forecast
The future of the global chipless RFID market looks promising with opportunities in the retail, healthcare, logistics and transportation, and BFSI markets. The global chipless RFID market is expected to reach an estimated $5.4 billion by 2030 with a CAGR of 25.6% from 2024 to 2030. The major drivers for this market are increasing need for chipless RFID tags in the banking and healthcare industries and enhanced efficiency provided by chipless RFID tags.Chipless RFID by Segment
The study includes a forecast for the global chipless RFID by product type, frequency, application, end use industry, and region.Chipless RFID Market by Product Type [Shipment Analysis by Value from 2018 to 2030]
- Tag
- Reader
Chipless RFID Market by Frequency [Shipment Analysis by Value from 2018 to 2030]
- Low Frequency
- High Frequency
- Ultrahigh Frequency
Chipless RFID Market by Application [Shipment Analysis by Value from 2018 to 2030]
- Smart Cards
- Smart Tickets
- Others
Chipless RFID Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]
- Retail
- Healthcare
- Logistics & Transportation
- BFSI
- Others
Chipless RFID Market by Region [Shipment Analysis by Value from 2018 to 2030]
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Chipless RFID Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies chipless RFID companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the chipless RFID companies profiled in this report include-- Alien Technology
- Applied Wireless
- AVERY DENNISON
- Checkpoint Systems
- Honeywell
- iDTRONIC
- Impinj
- Invengo Technology
- NXP Semiconductors
- Zebra Technologies
Chipless RFID Market Insights
The publisher forecasts that smart cards is expected to witness the highest growth over the forecast period due to extensive need for them in various sectors, encompassing the healthcare, banking, entertainment, transportation, access control, and government identification industries.Within this market, logistics and transportation is expected to witness the highest growth due to xx.
North America will remain the largest region over the forecast period due to surge in the request for supply chain management.
Features of the Global Chipless RFID Market
- Market Size Estimates: Chipless RFID market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Chipless RFID market size by various segments, such as by product type, frequency, application, end use industry, and region in terms of value ($B).
- Regional Analysis: Chipless RFID market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different product type, frequency, application, end use industry, and regions for the chipless RFID market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the chipless RFID market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the chipless RFID market size?Answer: The global chipless RFID market is expected to reach an estimated $5.4 billion by 2030.
Q2. What is the growth forecast for chipless RFID market?
Answer: The global chipless RFID market is expected to grow with a CAGR of 25.6% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the chipless RFID market?
Answer: The major drivers for this market are increasing need for chipless RFID tags in the banking and healthcare industries and enhanced efficiency provided by chipless RFID tags.
Q4. What are the major segments for chipless RFID market?
Answer: The future of the chipless RFID market looks promising with opportunities in the retail, healthcare, logistics and transportation, and BFSI markets.
Q5. Who are the key chipless RFID market companies?
Answer: Some of the key chipless RFID companies are as follows:
- Alien Technology
- Applied Wireless
- AVERY DENNISON
- Checkpoint Systems
- Honeywell
- iDTRONIC
- Impinj
- Invengo Technology
- NXP Semiconductors
- Zebra Technologies
Answer: The publisher forecasts that smart cards is expected to witness the highest growth over the forecast period due to extensive need for them in various sectors, encompassing the healthcare, banking, entertainment, transportation, access control, and government identification industries.
Q7. In chipless RFID market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to surge in the request for supply chain management.
Q.8 Do we receive customization in this report?
Answer: Yes,the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the chipless RFID market by product type (tag and reader), frequency (low frequency, high frequency, and ultrahigh frequency), application (smart cards, smart tickets, and others), end use industry (retail, healthcare, logistics & transportation, BFSI, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Chipless RFID Market: Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Alien Technology
- Applied Wireless
- AVERY DENNISON
- Checkpoint Systems
- Honeywell
- iDTRONIC
- Impinj
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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