Chipless radio frequency identification (RFID) has become one of the most innovative and speedily increasing technologies predicted to replace the optical barcode owing to its large data carrying volume, adaptability in application and flexibility in its functioning throughout the review duration. In addition, the chipless tags are primarily referred as RFID tags that do not entail a silicon chip. RFID systems have been successfully applied in the locations of transportation, supply chain, healthcare, logistics and manufacturing.
According to the report analysis, ‘Global Chipless RFID Market 2020-2026 by Component, Product Type, Frequency Band, Industry Vertical, and Region: Trend Forecast and Growth Opportunity’ states that Alien Technology Corporation, Applied Wireless RFID, Avery Dennison, BASF SE, CAEN RFID S.r.l., Confidex Ltd.,, GAO RFID Inc., GlobeRanger, IDTRONIC GmbH, Impinj Corporation, Inksure Technologies Inc., Intermec Inc., Invengo Technology Pte., Ltd., Kovio Inc., Mojix Inc., Molex Inc., NXP Semi-Conductors, Sato Vicinity, Thin Film Electronics, Variuscard GmbH, Zebra Technologies Corporation and many more are the foremost entities which recently working in the global chipless RFID market more proficiently for leading the highest market growth, obtaining the competitive edge, ruling around the globe, keep maintaining the dominant position, registering the great value of market share, and generating the high percentage of revenue by establishing the several research and development programs, implementing the policies and strategies of enlargement and profit making, improving the qualitative and quantitative measures of such, analysing the strategies and policies of government as well as similar entities, increasing the benefits and features of chipless RFID, decreasing the linked prices, delivering the better consumer satisfaction and spreading the awareness connected to the applications and benefits of chipless RFID.
Moreover, in the latest technology improvements, chipless RFID tags have been advanced and suggested at the affordability level of consumers, which will result in great growth. They are coupled with a shortened manufacturing technology and deduct in the manufacturing time. In addition, the chipless RFID tags are compatible with the prevailing infrastructure, which saves the additional cost of installing new system. Producers have decreased the price of chipless RFID tags. This trend is resulting in great growth of chipless RFID market.
The global chipless RFID market is predicted to observe significant growth over the duration of forecast. Aspects such as high accuracy, low manufacturing expenditure, and elivering more operations as compared to other alternatives propel the growth of the chipless RFID market. Since, all chipless RFID tags within variety can be detected instantaneously & patterned with data in system database. Thus, it decreases human error & effort and delivers high accuracy. Additionally, chipless RFID technology delivers countless functionalities such as chipless RFID tags are read/write able, automated, uniquely recognises each item or asset, among others. However, initially high capital investment is a major limit to global chipless RFID industry. In addition, increasing shift of retailers toward chipless RFID is predicted to generate the opportunities for the global market. Therefore, in the near years, it is predicted that the market of chipless RFID will increase around the globe more actively over the near future.
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Ankur Gupta, Head Marketing & Communications