Rapid Technological Advancements Expected to Drive Asia-Pacific Chipless RFID Market: Ken Research

Posted May 25, 2021 by Anita1111

Asia Pacific chipless RFID market will grow by 22.6% over 2020-2026 with a total addressable market cap of USD 10.59 billion in the fast-growing region.
The Chipless Radio Frequency Identification (RFID) is a standard term for systems that use radio-frequency energy to communicate the data. Radio waves are used to read and capture the data, which is stored on the transponder and this data is attached to an object. Chipless RFID tag is used as chipless RFID sensors in providing low-priced sensors to realize the universal networks mandatory by the IoT paradigm. A chipless RFID sensor is primarily used for detection of CO2.
As per analysis, “Asia Pacific Chipless RFID Market 2020-2026 by Component, Product Type, Frequency Band, Industry Vertical, and Country: Trend Forecast and Growth Opportunity” the key companies operating in the Asia-Pacific chipless RFID market include GlobeRanger, Inksure Technologies Inc., Alien Technology Corporation, GAO RFID Inc., Mojix Inc., Applied Wireless RFID, CAEN RFID S.r.l., IDTRONIC GmbH, Alien Technology Corporation, Inksure Technologies Inc., NXP Semi Conductors, Avery Dennison, Impinj Corporation, Invengo Technology Pte., Ltd., Intermec Inc., Thin Film Electronics, Confidex Ltd., BASF SE, Kovio Inc., Zebra Technologies Corporation, Sato Vicinity, Variuscard GmbH and among others. Leading companies are competing for product innovation and considerable investment in research & development (R&D) activities.
By component type, Asia-Pacific chipless RFID market is bifurcated as readers, middleware and tags. By product type, market is bifurcated as active RFID, passive RFID and other RFID types. By frequency band, market is bifurcated as low-frequency, high-frequency and ultra-high frequency. In addition, by industry vertical, market is bifurcated as aviation, healthcare & medical, retail & ecommerce, agriculture, farming & livestock, financial services, logistics & transportation and other industry verticals. Retail segment dominates the market owing to increase in use of chipless RFID for supply chain management, stock tracking, reverse logistics, and check product availability. Additionally, logistics & transportation segment is expected to witness higher growth rate due to rapid adoption of chipless RFIDs in vehicles and logistics activities for instance warehousing and distribution during the forecast period.
Rising per capita income, and increase in requirements for various appliances for instance smart-watches are growth factors for Asia-Pacific chipless RFID market. Additionally, growth in adoption of thin-film battery, which desires portable electronic appliances by application of printed & chipless RFID, is penetrating the growth of market. Apart from this, risk associated with breach of confidential information is a major hindering factor for market. Moreover, rapid technological advancement is a major trend for market.
By country-wise analysis, the Asia-Pacific chipless RFID market is bifurcated as Japan, Australia, China, India, South Korea and rest of the Asia-Pacific. The China country is major contributor to global supply chain industry and companies in the country are heavily investing in the technology such as growth in utilization of RFID labels in the logistic sector to increase the production network market in the country. It is projected that future of the Asia-Pacific chipless RFID market will be optimistic as a result of growth in investment by various industries in modernizing the data maintenance technology in order to improve their business efficiency during the forecast period.

For More Information, click on the link below:-

Related Report:-

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
[email protected]
-- END ---
Share Facebook Twitter
Print Friendly and PDF DisclaimerReport Abuse
Contact Email [email protected]
Issued By Ken Research
Country India
Categories Technology , Telecom
Tags asia pacific chipless rfid market , asia pacific chipless rfid market forecast , asia pacific chipless rfid market revenue
Last Updated May 25, 2021