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Printed and Chipless RFID Market forecast to grow 26.7% CAGR from 2016 to 2023

04-18-2017 07:36 AM CET | Logistics & Transport

Press release from: Global Market Insights, Inc.

The research report “Printed and Chipless RFID Market Size By Application (Aviation, Healthcare, Logistics & Transport, Retail), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, India, China, Japan, Brazil, Mexico, UAE, Saudi Arabia), Application Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2023”, by Global Market Insights, Inc. says Printed and Chipless RFID Market size is expected to reach USD 16.29 billion by 2023; impelled by growth in the counterfeit items ecosystem.

Quantifiable advantages in stock control and security is expected to be one of the key drivers for the global printed and chipless RFID market size. This has driven adoption among actors across the supply chain, including manufacturers, distributors, wholesalers, and retailers. In the retail industry, the use of this technology helps increase sales, boost customer service, improve visibility, operational efficiency, etc.

With revenue estimated to exceed USD 6.3 billion by 2023, logistics and transport will remain the largest segment and continue leading printed and chipless RFID market share through the forecast timeline. This is further aided by decreasing cost of tags, mainly due to advancements in the fields of nanotechnology, printed electronics, and conductive inks. Infrastructure modernization in BRIC nations will also benefit the transport sector.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/490

The aviation industry accounted for over 12.5% of the overall revenue in 2015. Companies operating in this space have started incorporating the technology into their product offering. It proves particularly useful for reducing the overall expenditure and increasing efficiency.

Growth in the counterfeit items industry results in reduced profitability, which can be avoided by printed and chipless RFID market implementation across the sector. Along with product tracking and streamlined operation, technology adoption also contributes to improved brand image. A growing trend in the industry is increased popularity among small and midsized businesses (SMB).Rising significance and penetration of HEVs (hybrid electric vehicles) and EVs (electric vehicles) is also forecast to have significant impact on the embedded software industry in the coming years.

Key insights from the report include:

•Europe printed and chipless RFID market share is forecast to exceed 25% by 2023. Germany and the UK are the major regional contributors to this growth.

•Positive technological landscape in key regional industries has resulted in high growth expectations on a global scale. These include collaborations for product innovation, such as photosensitive tags development. Considerable R&D investments will further intensify the impact of this trend.

•Incumbent players need to dissipate concerns regarding data storage safety to enable increased commercialization and adoption.

•Printed and chipless RFID market size in healthcare applications is anticipated to witness steady growth in the coming years. Implanting the tag can help provide faster solutions, and link clinical personnel to relevant medical records for patients suffering from syndromes that hamper communication.

•Read-write tags have comparatively large memory and are more expensive. They are primarily used in applications, where the data needs to be updated during the process such as supply chain management and manufacturing. In chipless systems, readers detect the tag by signal processing demodulation technique for data extraction.

•Major participants include Zebra Technologies, Alien Technology Corporation, Intermec, TAGSYS RFID, etc. Competitive advantage is based on parameters include product differentiation, go-to-market channel partners, performance, availability, etc.

•Technology benefits in supply chain management comprise automatic scanning, enhanced visibility, labor reduction, asset tracking, traceable warranties, item level tracking, product recalls, and quality control.

Make an inquiry for purchasing this report @ https://www.gminsights.com/inquiry-before-buying/490

Report Content

Chapter 1 Methodology & Scope

1.1 Research Methodology
1.1.1 Initial data exploration
1.1.2 Statistical modeling and forecast
1.1.3 Industry insights and validation
1.2 Data Sources

Chapter 2 Executive Summary

2.1 Printed & chipless RFID industry 3600 synopsis, 2012 - 2023
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Application trends

Chapter 3 Printed & Chipless RFID Industry Insights

3.1. Industry segmentation
3.2. Industry Size and forecast, 2012 - 2023
3.3. Industry ecosystem analysis
3.4. Industry Impact forces
3.4.1. Growth drivers
3.4.1.1. Reducing cost of tags
3.4.1.2. Demand for operational efficiency
3.4.1.3. Growth in the counterfeit items ecosystem
3.4.2. Industry pitfalls & challenges
3.4.2.1. Security concerns
3.5. Growth potential analysis
3.6. Porter’s analysis
3.7. Competitor landscape, 2015
3.8. PESTEL analysis
3.9. Technology landscape
3.9.1. RFID technology evolution
3.9.2. RFID components
3.9.3. Conventional vs. chipless RFID

Browse Related Reports:

•Intelligent Transportation System (ITS) Market Size By Application (Road Safety and Security, Traffic Management, Freight Management, Parking Management, Public Transport, Environment Protection, Road User Charging, Automotive Telematics), By Product (ATMS, ATPS, ATIS, APTS, Cooperative vehicle systems),Industry Analysis Report, Regional Analysis, Application Potential, Price Trends, Competitive Market Share & Forecast, 2015 – 2022

https://www.gminsights.com/industry-analysis/intelligent-transportation-system-ITS-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
Blog: https://gminsights.wordpress.com

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