Chipless RFID Market Analysis, Market Size, Application
Analysis, Regional Outlook, Competitive Strategies And
Forecasts, 2014 To 2020
Growing need for efficient management of supply chain operations is expected to
fuel chipless RFID market growth over the forecast period. Increasing adoption in
applications that require low product value and level of functionality is expected to
drive the market. This is mainly due to the low memory capacity and costs of these
RFID tags. Potential opportunities in niche market applications such as banking
cards; e-passport and item level tagging for various products is expected to
favorably impact RFID growth through the forecast period. Increased demand for
chipless
RFID to provide various solutions such as anti-counterfeiting, asset tracking, in
order to make systems more productive and avoid the shrink in retail is expected to
be the key growth factor for the chipless RFID market
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Rising demand for secure smart card system is expected to increase market
penetration. Data accuracy, compatibility with the existing infrastructure, easy
manufacturing technology and low costs are some of the factors expected to drive
the market. However, absence of standards and lack of adequate awareness about
potential benefits of chipless tags technology may hamper market growth through
the forecast period.
The market can be segmented on basis of product and end-use industry. North
America is expected to dominate the market through the forecast period.
Advancements in printable chipless RFID tags with tools such as RFID package
for physically challenged consumer base is expected to provide favorable growth
opportunities to the market participants for the next six years. Key market vendors...