Press release
Chipless RFID Market is All Set Break $4.74 Billion Barrier by 2027 | Alien Technology, LLC, Avery Dennison Corporation, Applied Wireless, Inc., Honeywell International Inc., Checkpoint Systems, Inc., Impinj, Inc
Chipless RFID Market
According to the report published by Allied Market Research, the global chipless RFID market generated $903.3 million in 2019, and is estimated to reach $4.74 billion by 2027, witnessing a CAGR of 23.1% from 2020 to 2027. The report provides a detailed analysis of changing market trends, key winning strategies, top investment pockets, major segments, value chain, and competitive scenario.
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Major players of the global chipless RFID market analyzed in the research include Alien Technology, LLC, Avery Dennison Corporation, Applied Wireless, Inc., Honeywell International Inc., Checkpoint Systems, Inc., Impinj, Inc., iDTRONIC GmbH, NXP Semiconductors, Invengo Technology Pte. Ltd., and Zebra Technologies Corporation.
Latest news and industry developments in terms of market expansions, acquisitions, growth strategies, joint ventures and collaborations, product launches, market expansions etc. are included in the report.
Key Benefits For Stakeholders
• This study comprises analytical depiction of the global chipless RFID market size along with the current trends and future estimations to depict the imminent investment pockets.
• The overall chipless RFID market analysis is determined to understand the profitable trends to gain a stronger foothold.
• The report presents information related to key drivers, restraints, and opportunities with a detailed impact analysis.
• The current chipless RFID market forecast is quantitatively analyzed from 2020 to 2027 to benchmark the financial competency.
• Porter’s five forces analysis illustrates the potency of the buyers and the chipless RFID market share of key vendors.
• The report includes the market trends and the market share of key vendors.
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The report provides detailed segmentation of the global chipless RFID market based on product type, frequency, application, end user, and region.
Based on product type, the tag segment accounted for the largest market share in 2019, holding nearly three-fourths of the total share, and is estimated to maintain its leadership status during the forecast period. Moreover, this segment is expected to manifest at the highest CAGR of 23.5% from 2020 to 2027. The research also analyzes the reader segment.
Based on end user, the logistics and transportation segment contributed to the highest market share in 2019, accounting for more than one-fourth of the global chipless RFID market, and is projected to maintain its lead position in terms of revenue by 2027. However, the healthcare segment is estimated to portray the fastest CAGR of 26.9% during the forecast period.
Based on region, North America held the largest market share, contributing to more than one-third of the total share in 2019, and will maintain its lead position during the forecast period. However, Asia-Pacific is projected to witness the highest CAGR of 25.2% from 2020 to 2027.
Get detailed COVID-19 impact analysis on the Chipless Rfid Market: https://www.alliedmarketresearch.com/request-for-customization/5932?reqfor=covid
Covid-19 Scenario:
• The production activities have been hampered in many regions across the globe due to lockdown and temporary shutdown of different industries in European and Asia-Pacific countries. The supply chain and day-to-day activities have been disrupted.
• The production facilities in the electronics sector have been stopped, which in turn, created a supply-demand gap. There have been interruptions in large-scale manufacturing across Europe and exports of Chinese parts.
• The demand for chipless RFID tags and readers increased during the pandemic to increase automation and wireless operations for maintaining lesser contact. The demand would be met steadily as manufacturing activities begin at full scale.
Key Market Segments
By Product Type
• Tag
• Reader
By Frequency
• Low frequency
• High frequency
• Ultrahigh frequency
By Application
• Smart Cards
• Smart Tickets
• Others
By End User
• Retail
• Healthcare
• Logistics and Transportation
• BFSI
• Others
By Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o UK
o Germany
o France
o Rest of Europe
• Asia-Pacific
o China
o Japan
o India
o Rest of Asia-Pacific
• LAMEA
o Latin America
o Middle East
o Africa
Read More at https://www.alliedmarketresearch.com/chipless-rfid-market
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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