Evolving Industry Trends : Chipless RFID Market Globally Grow at a CAGR of 27.43% by 2021

Albany, NY, 5th September : Recent research and the current scenario as well as future market potential of "Global Chipless RFID Market 2017-2021" globally.

RFID devices without silicon chips in the transponder are called chipless RFIDs. This technology, enabled by embedding the devices in the products or goods, helps in tracking inventory, retrieving product information whenever required, and inventory replenishment. As chipless RFID systems do not contain silicon chips, they store information in electromagnetic materials. Chipless RFID systems are more cost efficient than chip embedded RFID systems.

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Technavios analysts forecast the global chipless RFID market to grow at a CAGR of 27.43% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global chipless RFID market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:
Americas
APAC
EMEA

Technavio's report, Global Chipless RFID Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Alien Technology
SATO Vicinity
Zebra Technologies

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Other prominent vendors
Acreo
BASF
Confidex
Impinj
Intermec Honeywell
RFID4U
RR Donnelley
Molex
Thin Film Electronics
Toppan Printing

Market driver
Rising need for inventory management
For a full, detailed list, view our report

Market challenge
Data security issues
For a full, detailed list, view our report

Market trend
Rapid technological advancements
For a full, detailed list, view our report

Browse Report @ http://www.researchmoz.us/global-chipless-rfid-market-2017-2021-report.html

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?

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This release was published on openPR.