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Printed and Chipless RFID Market Report Key Players: 3M, Acreo AB, Alien Technology Corporation, Confidex, Dai Nippon Printing (DNP) Company Limited, IBM Corporation, Impinj Incorporation, Intermec, Inc, PolyIC GmbH, Siemens AG, Smartrac N.V.
Printed and Chipless RFID Market
Ability of printed and chipless RFID systems to automate function and support long range processes has enhanced its popularity across aviation, retail, healthcare, and logistics & transport sectors. Printed and Chipless RFID market revenue in the healthcare sector will increase substantially over the coming seven years. Its major application in staff identification, patient data tracking, inventory control, and document management will succor the growth.
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Aviation application, which collected a revenue of USD 300 million in 2015, is anticipated to propel the industry development over the coming timeframe. Retail sector, which accounted for 29% of printed and chipless RFID market share in 2015, is expected to embellish the industry size over the next few years. Escalated application of RFID technology in various retail activities to improve customer service, auctions, and operational efficiency will drive the revenue.
The Europe printed and chipless RFID market share is predicted to witness a significant growth over the coming seven years. UK and Germany are predicted to be major revenue contributors of the region.
The North America printed and chipless RFID market is predicted to witness a substantial growth over the period of 2016-2023 as a result of rising demand for the technology across various industries such as logistics & transport, aviation, healthcare, and retail. Furthermore, firms operating in this region use this technology to improve the visibility of inventory along with streamlining of the SCM (supply chain management). U.S printed and chipless RFID market is expected to cross USD 4.8 billion mark by 2023, contributing significantly towards the regional growth.
The Asia Pacific printed and chipless RFID market is anticipated to witness a heavy growth over the timeframe due to the increasing requirement for document management systems in medical institutions and government organizations. The Latin America printed and chipless RFID market is projected witness a significant growth over the coming seven years due to favorable government policies along with the use of this technology by various firms operating in the region to trace & track inventory as well as enhance their supply chain management activities. Brazil market is projected to make significant contributions towards the regional growth.
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The rising popularity of printed and chipless RFID technology will attract new entrants to enter the business and this will make the industry more competitive. Hence, existing market players will try to gain competitive edge and capture maximum share by adopting successful business strategies such as product differentiation, technological innovations, effective marketing & branding, and building strong customer relationships.
Alien Technology LLC, Intermec, Zebra Technologies, Impinj Incorporation, and TAGSYS RFID Group are the major participants of printed and chipless RFID market.
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