Chipless RFID: Key market research findings
- High adoption of UHF RFID tags
- Rapid technological advances
Technavio has released a new market research report on the global chipless RFID market, which is expected to generate revenues worth $15 billion by 2020. The rising need for asset tracking and inventory management in the supply chain is driving the demand for chipless radio-frequency identification (RFID), as they help track the movement of goods from warehouses to end-users. Growing application of smart cards for e-passports, banking, and public transit is boosting the sales of chipless RFIDs. APAC is expected to be the highest revenue-contributing region in the chipless RFID market, owing to high demand for apparel tagging in countries like India and China.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Ultra-high-frequency (UHF) RFID tags are long-range RFID tags, which transfer data at a much faster rate than low-frequency and HF RFID tags. UHF tags offer more benefits than lower frequency range RFID tags. They help achieve higher inventory accuracy of over 90% and reduce out-of-stocks by 70%, thereby increasing overall sales of retailers. UHF tags can be read from a long distance at a much faster rate than HF tags. This has led to increased adoption of UHF tags for item-level tagging, which is in high demand,” says Asif Ghani, Lead Analyst, Hardware & Semiconductor, Technavio Research
The manufacturers who require efficient inventory management systems demand highly advanced RFID devices. RFID devices can be integrated with other technologies such as Wi-Fi and real-time locating systems (RTLS). Technically advanced RFID semiconductor devices are being developed keeping in mind the specific needs of customers. These technological advances have led to increased adoption of RFID devices in retail and logistics applications.
The key vendors in the global chipless RFID market are Alien Technology, Thinfilm, SATO VICINITY, and Zebra Technologies. This market is growing slowly compared to the conventional RFID market. Competition in the market is expected to intensify during the forecast period, owing to rise in awareness among end-users and increasing market penetration of chipless RFID. The market is expected to witness a large number of manufacturers entering the market as the product is cheap and has low manufacturing costs.
A more detailed analysis is available in the Technavio report, Global Chipless RFID Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
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