Growth in Investments in RFID in Logistics and Transport Industry Expected to Drive North-America Chipless RFID Market: Ken Research

Posted May 25, 2021 by Anita1111

North America chipless RFID market is expected to grow by 19.7% annually in the forecast period and reach USD 2,512.5 million by 2026 despite the COVID-19 impact.
Chipless Radio Frequency Identification (RFID) is one of the most innovative and rapidly growing technologies likely to replace the optical barcode because of its adaptability in application, large data carrying capacity, and flexibility in its working throughout the forecast period. Chipless tags are usually referred as RFID tags that don’t comprise a silicon chip. RFID systems have been effectively applied in the areas of transportation, manufacturing, healthcare, supply chain, and logistics.
Chipless RFID system provides several advantages over conventional sensors owing to its lower radiated power, robustness, lower cost, and longer storage life. On the other hand, chipless RFID systems also provide identification of data & track different physical variables of tagged products without having an active sensor in the circuit.
As per analysis, “North America Chipless RFID Market 2020-2026 by Component, Product Type, Frequency Band, Industry Vertical, and Country: Trend Forecast and Growth Opportunity” some of the key companies operating in the North-America chipless RFID market include Impinj Corporation, NXP Semi Conductors, Avery Dennison, Intermec Inc., Alien Technology Corporation, Molex Inc., BASF SE, IDTRONIC GmbH, CAEN RFID S.r.l., Applied Wireless RFID, Variuscard GmbH, Inksure Technologies Inc., Sato Vicinity, Confidex Ltd., BASF SE, GlobeRanger, Mojix Inc., Thin Film Electronics, Zebra Technologies Corporation, Variuscard GmbH, GAO RFID Inc.
Based on component, North-America chipless RFID market is categorized into middleware, rags and readers. Based on frequency band, market is categorized into low frequency, high frequency and ultra-high frequency. Based on product type, market is categorized into active RFID, passive RFID and others. Passive RFID segment is expected to witness higher growth rate as it has various features such as flexibility, reasonably priced, thin form factor, portability, fabrication cost, longer lifespan, and scalability in printing during the forecast period. Additionally, based on industry vertical, market is categorized into logistics & transportation, agriculture, farming & livestock, financial services, retail & ecommerce, healthcare & medical, aviation and other verticals.
The North-America chipless RFID market is driven by growth of smart factories making use of RFID technology, increase in use of the chipless RFID in the supply chain, public transit, and aviation industries to create the hassle-free operations and huge retail sectors using RFID in large-scale. However, increase in cost of RFID tags due to its main component (Application Specific Integrated Circuit (ASIC)) may impact the market.
By country-wise analysis, North-America chipless RFID market is categorized into Canada, U.S. and Mexico. North-America contributed the major market share in the global market. The U.S. is estimated to be the dominating country in the chipless RFID market as it shows a considerable growth in the next few years. Acceptance of this type of technology in the U.S. country based companies augments the inventory visibility and builds their supply-chain-management in an efficient way, fostering the chipless RFID market growth. It is estimated that North-America chipless RFID market will be reached at quick pace owing to large number of players present in the region, growth in adoption of technology across various industries and increase in investments in RFID in logistics and transport industry during the forecast period.

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Issued By Ken Research
Country India
Categories Technology , Telecom
Tags north america chipless rfid market , north america chipless rfid market forecast , north america chipless rfid market revenue
Last Updated May 25, 2021