The Global Chipless RFID Market Growth Accelerated By Rising Demand For Authentication And Traceability

Chipless RFID Market

Chipless RFID tags enable authentication and traceability of products without integrated circuits. They help identify genuine products and curb counterfeiting. Chipless RFID tags are also used for supply chain management, asset tracking, and authentication of high-value goods. These tags are smaller, thinner, and more cost-effective than traditional RFID tags.

The global Chipless RFID Market is estimated to be valued at US$ 6488.29 Mn in 2023 and is expected to exhibit a CAGR of 9.7% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The growth of the Chipless RFID market is expected to be accelerated by the rising demand for authentication and traceability solutions. Chipless RFID tags can be directly printed or encoded on product labels and packaging for supply chain visibility. They help track high-value goods and components throughout the supply chain in a cost-effective manner. Industries such as pharmaceuticals, luxury goods, and electronics are increasingly adopting chipless RFID solutions to curb counterfeiting. Chipless RFID solutions enable item-level tagging of products and provide item-specific details like date of manufacture, batch, and expiration. This helps authorize genuine products and detect counterfeits. The technology is also finding applications in identity cards and passports for personnel authentication.

Segment Analysis
The global chipless RFID market is dominated by the infrared and microwave segment. This segment holds the largest share as it does not require semiconductor chips to function and offers a relatively lower cost as compared to active RFID tags. Infrared and microwave-based chipless RFID tags enable contactless storage and retrieval of data on an RFID tag through wireless communication, which makes them highly suitable for applications requiring frequent read and write operations.

Key Takeaways

The global Chipless RFID Market Analysis is expected to witness high over the forecast period of 2023 to 2030. Rapid adoption across industries such as healthcare, retail, logistics, and others are expected to drive the market during this period.

North America is currently the dominant region in the chipless RFID market and is expected to maintain its leading position over the next few years. Large presence of key players and growing applications across various industries are some of the key factors attributed to the region's high market share. However, Asia Pacific is projected to grow at the fastest pace during the forecast period owing to increasing investments by governments and companies in RFID technologies for supply chain and asset tracking applications.

Key players operating in the chipless RFID market are Zebra Technologies Corporation, Spectra Systems, Molex Inc., Xerox Corporation, Politronica Inkjet Printing S.r.l., Vubiq Networks Inc., Thin Film Electronics ASA, and TagSense Inc. Zebra Technologies Corporation holds a significant market share due to its comprehensive product portfolio and global footprint. The company focuses on new product launches as well as mergers and acquisitions to further strengthen its market position.

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