Exclusive Report on Global Chipless RFID Industry: to grow at a whopping rate of CAGR 23.03%

The global Chipless RFID market size was valued at $984.0 Billion in 2020 and is expected to reach $5369.4 Billion by 2028 growing at the CAGR of 23.03% from 2021 to 2028.

The global chipless RFID market is expected to grow exponentially over the period of forecast. Factors such as high accuracy, low manufacturing cost, and providing more functions as compared to other alternatives are some of the reasons why investors are very interested in this technology. Since all chipless RFID tags within range can be detected instantaneously & checked with data in the system database. Thus it reduces human error & effort and provides high accuracy. Additionally, chipless RFID technology provides various functionalities such as chipless RFID tags are read/write capable, automated, uniquely identify each item or asset, among others.

However, initially, high capital investment is a major restraint to the global chipless RFID industry. In addition, the growing shift of retailers toward chipless RFID is expected to create opportunities for the

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Key Players

Some of the major Chipless RFID players holding high market share include Alien Technology, Applied Wireless, Inc., and Avery Dennison Corporation. These players use partnership and expansion as a key strategy to gain significant market share to compete with market leaders.

The key players profiled in the report are:
● Alien Technology
● Applied Wireless, Inc.
● Avery Dennison Corporation
● Checkpoint Systems, Inc.
● Oneywell International Inc
● IDTRONIC GmbH
● Impinj, Inc.
● Invengo Technology Pte. Ltd.
● NXP Semiconductors
● Zebra Technologies Corporation

The recently published research report on Global Chipless RFID Market by Evolve Business Intelligence examines the industry in the context of major market aspects including market size & forecast, market shares in terms of revenues and volume, key players, and SWOT analysis. The market is analyzed based on 4 separate indications in the market dynamic chapter: Drivers, Restraints, Key Trends, and Challenges. The total sum of these sections will help you understand what strategies will be best to adopt in order to prosper through this industry over a few short years. The quantitative analysis includes our actual findings out of this research study where we provided additional insight into what our readers can do to embrace new opportunities or plan against threats that might hinder the market.

The COVID-19 pandemic has led to disruption in the supply chain leading to lower demand or supply shortages in the Chipless RFID market. The travel restrictions and social-distancing measures have resulted in a sharp drop in consumer and business spending and this pattern is expected to continue for some time. The end-user trend and preferences have changed due to the pandemic and have resulted in manufacturers, developers, and service providers adopting various strategies to stabilize the company.

The New Normal

As businesses recover from the COVID-19 pandemic, they have a new set of priorities to cope with. Throughout this crisis, they were forced to deal with shifting situations and often fell short of their ultimate goals. Now that a cure has been found and the pandemic is dying down, they will need to recuperate from this epidemic by setting forth new objectives to succeed in the future.

In terms of COVID 19 impact, the Chipless RFID market report also includes the following data points:
● COVID19 Impact on Chipless RFID market size
● End-User/Industry/Application Trend, and Preferences
● Government Policies/Regulatory Framework
● Key Players Strategy to Tackle Negative Impact/Post-COVID Strategies
● Opportunity in Chipless RFID market

Segmental Analysis

Market Segment By Product Type with focus on market share, consumption trend, and growth rate of Chipless RFID Market:
o Tag
o Reader
o Others

Market Segment By Application with the focus on market share, consumption trend, and growth rate of Chipless RFID Market:
o Smart Cards
o Smart Tickets

For more information: https://evolvebi.com/product/chipless-rfid-market-analysis-and-global-forecast-2021-2028-with-covid-impact-analysis/

Key Region/ Countries Covered
● North America (US, Canada, Mexico)
● Europe (Germany, U.K., France, Italy, Russia, Rest of Europe)
● Asia-Pacific (China, India, Japan, South Korea, Rest of Asia Pacific)
● Rest of the World (the Middle East & Africa and South America)

APAC region is projected to develop at the highest rate during the conjecture time frame. APAC or Asia Pacific region specifically China remains a significant participant in the global supply chain market, organizations in the country are intensely putting resources into the technology; for example, usage of RFID labels in the logistic sector to improve the production network market in the country. In January 2018, Taocafe, a China-based organization introduced a smart store, where individuals buy RFID labels connected to the item & can check out via WeChat Pay.

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