TechNavio today launched its report, Global Chipless RFID Market 2011-2015, based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the significant trends impacting this market.
Commenting on the report, an analyst from TechNavio’s Hardware team said: ”The increase in investment in R&D for chipless Radio Frequency Identification (RFID) systems is one of the most significant trends being observed in the Global Chipless RFID market. Such research initiatives help increase the awareness of the various applications of chipless RFID systems among end-users, and thus create a market demand for these products. Furthermore, efforts are being made to develop methods to extend the life of chipless RFID systems, and it is expected that this will increase their adoption.”
According to the report, RFID systems are highly dynamic when compared to their substitutes, optical barcodes. However, the cost-effectiveness of optical barcodes has resulted in reduced preference for RFID systems in several applications. Moreover, customers have been considering RFID systems mostly in applications where dynamic tagging is required, as optical barcodes are mostly preferred for static tagging. Thus, to overcome the challenge posed by optical barcodes, the vendors in the Global Chipless RFID market have introduced chipless RFID systems, which cost around one-tenth of the price of chip-based RFID systems. The availability of these low-cost chipless RFID systems is contributing significantly to the increased adoption of RFID systems, leading to the growth of the market.
Further, the report reveals that one of the major challenges in the market is the concern regarding security and privacy.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit tp://www.technavio.com/content/global-chipless-rfid-market-2011-2015
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Hardware market research, please visit https://www.technavio.com/hardware
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TechNavio Announces the Publication of its Research Report – Global Chipless RFID Market 2011-2015
