Chipless RFID Market - Forecasts from 2024 to 2029

Chipless RFID Market - Forecasts from 2024 to 2029

The chipless RFID market is expected to grow at a CAGR of 21.46%, reaching a market size of US$6.574 billion in 2029 from US$2.488 billion in 2024.

Worldwide, numerous industries, from retail to logistics, healthcare, pro automotive, and the skies, are embracing the use of chipless RFID technology. Compared to the conventional chip-based RFID systems, advantages such as non-line-of-sight identification, real-time tracking, and cost-effectiveness have attracted many people to adopt chipless RFID technology. The retail industry has positively affected the world’s demand for improved controls over inventory management, better customer service delivery, and more efficient operations, for example. Chipless RFID technology helps retail stores achieve smooth checkout processes, reduce stock-outs and product visibility, and optimize their e-stock levels, among others. On top of that, pharmaceutical and health industries have started using this kind of technology for various purposes, such as drug distribution, asset management, and patient monitoring.

Chipless RFID Market Drivers:

Increased reading range

Market demand for improved read range capabilities has become a key driver of this industry. The read range is the distance between the chip-less RFID readers and tags through which accurate DC data can be retrieved. This demand has largely been fueled by the need to make RFID systems more effective, flexible, and efficient in different sectors. If chip-less RFID technology increases its read range, firms will gain extensive coverage by taking data from tags placed at longer distances. This would enable further scanning and tracking functions where it is possible to identify and control assets or products over huge areas regardless of their proximity.

Chipless RFID Market Geographical Outlook
North America is witnessing exponential growth during the forecast period

The speed at which RFID technology is finding its way into IoT systems in North America is rising due to a growing demand for more accurate tracking and identification capabilities that optimize a system and all devices in a multi-unit approach. Using RFID tags increases the accuracy and efficiency of Internet of Things applications for industries by providing real-time data on an item's location and status.

Reasons for buying this report:-

Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, other sub - segments.
Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy.
Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape up future market developments.
Actionable Recommendations: Utilize the insights to exercise strategic decision to uncover new business streams and revenues in a dynamic environment.
Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises.

What do businesses use our reports for?

Industry and Market Insights, Opportunity Assessment, Product Demand Forecasting, Market Entry Strategy, Geographical Expansion, Capital Investment Decisions, Regulatory Framework & Implications, New Product Development, Competitive Intelligence

Report Coverage:

Historical data & forecasts from 2022 to 2029
Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, Customer Behaviour, and Trend Analysis
Competitive Positioning, Strategies, and Market Share Analysis
Revenue Growth and Forecast Assessment of segments and regions including countries
Company Profiling (Strategies, Products, Financial Information, and Key Developments among others)

The Chipless RFID market is segmented and analyzed as follows:

By Product

Tag
Reader
Middleware

By Frequency

Low Frequency
High Frequency
Ultrahigh Frequency

By End-User Industry

Retail
Aerospace and Defense
Travel and Transport/Logistics
Healthcare
Others

By Geography

North America
USA
Canada
Mexico
South America
Brazil
Argentina
Others
Europe
Germany
France
United Kingdom
Spain
Others
Middle East and Africa
Saudi Arabia
Israel
South Africa
Others
Asia Pacific
China
Japan
South Korea
India
Others