Product ID: UCMIG45I2027
Chipless RFID Market Size, Share, Growth Analysis, By PRODUCT TYPE(Tag, Reader), By FREQUENCY(Low frequency, High frequency), By APPLICATION(Smart Cards, Smart Tickets), By END USER(Retail, Healthcare), By REGION(North America, U.S.) - Industry Forecast 2024-2031
Report ID:
UCMIG45I2027 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Chipless RFID Market Insights
Market Overview:
The global chipless RFID market is anticipated to grow at a significant rate during the forecast period. Factors such as high accuracy, low manufacturing cost and providing more features compared to other alternatives are driving the growth of the chipless RFID market. Since all chipless RFID tags within range can be recognized immediately and compared with data in the system database. Therefore, it reduces human error and effort and offers high accuracy. In addition, 's chipless RFID technology provides various functionalities for , such as B. reading/writing of chipless RFID tags, automation, unique identification of each item or asset and more.However, high initial capital investment is a major constraint for the global chipless RFID industry. Furthermore, the increasing conversion of retailers to chipless RFID is expected to create opportunities for the global market . Increasing adoption of chipless RFID technology in manufacturing, supply chain and healthcare are the major factors behind the global market growth. However, an increase in the cost of RFID tags due to their main component, the application specific integrated circuit (ASIC), is hampering the growth of the global chipless RFID market. Chipless Radio Frequency Identification (RFID) has become one of the most innovative and fastest methods. Growing technologies are expected to replace the optical barcode due to its large data storage capacity, adaptability in application and flexibility in operation during the forecast period.
Chipless RFID Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Technology Hardware, Storage & Peripherals by segment aggregation, the contribution of the Technology Hardware, Storage & Peripherals in Technology Hardware & Equipment and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Chipless RFID Market Report Snapshots
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