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Chipless RFID Market Size is Booming in Upcoming Years Due To Global Demand and Business Opportunities 2028
Chipless RFID Market
Chipless Radio Frequency Identification (RFID) has become one of the most innovative and rapidly growing technologies expected to replace the optical barcode due to its large data carrying capacity, adaptability in application and flexibility in its working during the forecast period. Chipless tags are generally referred as RFID tags that do not comprise a silicon chip. RFID systems have been successfully applied in areas of transportation, healthcare, supply chain, manufacturing, and logistics.
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Growing adoption of Chipless RFID technology in manufacturing, supply chain, and healthcare are the primary factors driving the growth of the global market. However, an increase in the cost of RFID tags due to its main component that is Application Specific Integrated Circuit (ASIC) hindering the growth of the global chipless RFID market.
Some of the companies competing in the Chipless RFID Market are: Alien Technology, SATO VICINITY PTY LTD., Applied Wireless RFID, CAEN RFID S.r.l., ZIH Corp, Avery Dennison Corporation, GlobeRanger, Mojix Inc., GAO RFID Inc. and Invengo Technology Pte. Ltd. among others.
Adapting to the recent novel COVID-19 pandemic, the impact of the COVID-19 pandemic on the global Chipless RFID Market is included in the present report. The influence of the novel coronavirus pandemic on the growth of the Chipless RFID Market is analysed and depicted in the report.
Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the market in these regions.
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