USD 2.07 billion
Report ID:
SQMIG45I2243 |
Region:
Global |
Published Date: February, 2025
Pages:
196
|Tables:
86
|Figures:
71
Global Chipless RFID market size was valued at USD 2.07 billion in 2023 and is poised to grow from USD 2.56 billion in 2024 to USD 13.76 billion by 2032, growing at a CAGR of 23.4% in the forecast period (2025-2032).
The global chipless RFID market growth is supposed to be favorable from various standpoints that add attractions to the technology. Some significant drivers of these systems have extremely high accuracy rates, since there is immediate recognition and identification of all tags when they fall under the detection ambit through chipless RFID systems. Moreover, it mitigates human mistakes and decreases overall manual efforts tremendously as it enhances productivity in the sphere of operation activities. Chipless RFID systems are also cheaper to produce than traditional RFID systems, which attracts businesses that want to decrease their operational cost while enjoying sophisticated technology.
Furthermore, chipless RFID tags offer several functionalities that give them an upper hand on alternatives: they can read/write information, automate processes, and provide unique identification for each asset or item, making it a better management of assets and inventory. As industries increasingly adopt this system, what they reap are efficiency, accuracy, and real-time tracking capabilities. However, the initial capital investment in setting up chipless RFID systems is too high for some companies. The trend among retailers is shifting toward chipless RFID adoption, along with technological advancement, which is predicted to bring in new opportunities and further boost market growth.
Market snapshot - (2025-2032)
Global Market Size
USD 2.07 billion
Largest Segment
Smart Cards
Fastest Growth
Smart Tickets
Growth Rate
23.4% CAGR
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The global chipless RFID market is segmented into product type, frequency, application, and region. By product type, the market is classified into tag and reader. Depending on the frequency, it is divided into low frequency, high frequency, and ultrahigh frequency. According to the application, the market is bifurcated into smart cards and smart tickets. Regionally, it is studied across North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
Analysis by Frequency
As per the 2024 global chipless RFID market analysis, the ultrahigh frequency segment dominated the market, at an estimated growth of 23.5% through the forecast period. Some of the benefits of high data transfer rate lead electronic toll collection, parking access control and supply chain management to highly require UHF tags. In addition, the fact that UHF RFID can read several tags in one go makes it highly suitable for warehouse inventory management where several boxes of goods are scanned at a time or race participants crossing the finish line. Widespread use of UHF technology is driving growth in the chipless RFID market by making it easier and more convenient for many industries to become more efficient.
The high-frequency segment is the second largest contributor in the global chipless RFID industry. It is fueled by the rising demand for high frequency RFID products used in ticketing, payment systems, and data transfer applications. The high frequency RFID tags are also very effective in identifying metal parts and assets that are subjected to very harsh conditions and thus are appropriate for use in industries such as manufacturing, automotive, and heavy machinery. These tags provide reliable performance in challenging environments, which is contributing to the expansion of the chipless RFID market because industries seek cost-effective, durable, and efficient solutions.
Analysis By Application
Based on the 2024 global chipless RFID market forecast, the smart cards segment dominated the market because of its broad usage in safe applications including systems for payments, identity authentication and access. Banks, health departments, governmental sectors, transportation areas, etc. are one of the extensive users of these cards because of storing and secure transmission of encrypted information. Smart cards still lead the pack because of high demand for digital security and ever-increasing cashless transactions. The flexibility that smart cards hold in different areas coupled with superior security promises a strong market positioning for the segment of chipless RFID.
The smart tickets segment has a good outlook in the forecast period in the wake of contactless payments and digital revolutions in transportation and entertainment sectors among others. Tickets enabled with RFID become convenient, efficient, and have better security. They can attain entry with a simple scan. No physical ticket or cash would be required at the entry. This factor is driving applications for paperless, efficient, and hassle-free ticketing systems in sports, concerts, and public transits, which in turn is further pushing the growth rate of smart ticket applications. Given the growing number of smart city initiatives, industries are increasingly looking at digital solutions, and rapid growth in smart ticket adoption would also be contributing to this segment growth.
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North America is currently leading the chipless RFID market, as it has been highly adopted in various fields such as retail, logistics, transportation, and healthcare. With major players present and ongoing technological advancements with an aggressive approach towards automation, supply chain management, and security, North America stands at the top in the market. Another thing is that the region has also been an early adopter of smart cards, contactless payment systems, and digital identification solutions, which further adds to its dominance.
Asia-Pacific is expected to have the highest growth in the chipless RFID market during the forecast period. The reason behind this is the fast industrialization and digital transformation occurring in countries such as China, India, and Japan. Increased smart cards, contactless payments, and RFID-based inventory management solutions in the region increase with further government initiatives to raise the status of the region by being a smart city and automation. More retail and transport sectors across Asia-Pacific means it would be a hub for rapid acceleration in chipless RFID technologies and is set to be the market's fastest-growing region.
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Drivers
Rise in Efficiency through Chipless RFID Tags
Increase in Demand for Chipless RFID in the Banking & Healthcare Industries
Restraints
High Initial Investment
Data Security and Privacy Issues
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The global chipless RFID market has well-established firms along with up-and-coming businesses and innovative ideas that drive the competitive environment of the industry. Top market leaders with high-tech products and robust presence in the market include Zebra Technologies, NXP Semiconductors, and HID Global. Affordable and customized RFID solutions are now offered by small and regional companies. Businesses are focusing on developing new technologies, strategic alliances, and diversifying their product offerings in the process to gain an edge in such a fiercely competitive market.
Top Player’s Company Profile
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the global chipless RFID market is growing fast due to growing demand from industries such as manufacturing, logistics, retail, and healthcare. This growth is being led by important issues such as the need for better inventory management, asset tracking, and operational efficiency. The industry is growing because of the shift toward automated and contactless solutions and advancements such as cloud and IoT integration. Though the chipless RFID has several disadvantages associated with it, such as high up-front costs and data security concerns, the benefit of affordability and scalabilty along with real time tracking is anticipated to outweigh these disadvantages. The growth of the chipless RFID market is expected to come a long way in the future years based on the continuous developments and increasing usage.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 2.07 billion |
Market size value in 2032 | USD 13.76 billion |
Growth Rate | 23.4% |
Base year | 2024 |
Forecast period | (2025-2032) |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Chipless RFID Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Chipless RFID Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Chipless RFID Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Chipless RFID Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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