Press release
Chipless RFID Market 2022 Disclosing Latest Trends and Advancement Outlook 2027
The Chipless RFID Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Chipless RFID market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Chipless RFID market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Chipless RFID market.The Chipless RFID Market was valued at USD 0.89 billion in 2020 and is expected to reach USD 3.94 billion by 2026 and work at a CAGR of 28% over the forecast period 2021-2026.
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Top Leading Companies of Chipless RFID Market are - Alien Technology Corporation, IDTRONIC GmbH, Zebra Technologies, Variuscard GmbH, Avery Dennison, NXP Semi Conductors and others.
Industry News and Updates:
- April 2019: Alien Technology, announced Higgs-9 IC, the first release of its next-generation of Higgs RFID semiconductor integrated circuits. Higgs-9 enables enterprise-critical applications to run faster, smarter and with quicker ROI in RFID deployments.
- April 2019: Avery Dennison, in a partnership with Kit Check, aimed for implementation of RFID technology for big pharma. This collaboration will help pharmaceutical companies to build into their medication labels, thereby enabling the tracking of each product from the point of manufacture until after it arrives at a hospital.
Key Market Trends:
Healthcare Sector to Contribute Significantly to the Market Growth
- For e-healthcare, chipless 2GRFID-Sys integrates diverse wireless networking technologies, such as wireless body area networks and wireless LANs, which use body sensors for monitoring the medical conditions of a patient. This helps in diagnosis assistance and action handling.
- Furthermore, to keep a track on an ambulatory patient who might face a critical situation while traveling to a location outside his/her hometown, chipless 1G-RFID-Sys are being employed in the patient’s ID. These chipless 1G-RFID-Sys tags help to identify the emergence of the situation from the patient’s medical history.
Asia-Pacific Expected to Register the Fastest Growth
- In China, many companies are investing to revolutionize the retail industry in the country. For instance, in April 2018, Tencent showcased the working of Unmanned retail wherein if a consumer grabs a product from the shop and walks out of the store, the RFID chip will scan the item and sends the bill to the customer’s WeChat application.
- In addition, Japan is also planning to introduce next-generation in-store experience through the introduction of RFIDs. For instance, in April 2017, Seven-Eleven Japan announced the introduction of next-generation self-checkout.
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Chipless RFID Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Chipless RFID Market (%),2016 - 2026
- Chipless RFID Market Share, By Brand
- Chipless RFID Market Share, By Company
- Chipless RFID Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Chipless RFID Market Value Analysis & Forecast
- Promising Chipless RFID Development by Major Companies
- Detailed Chipless RFID Portfolio of the Major Companies
- Major Deals in the Chipless RFID Market
- Major Companies Analysis
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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