Chipless RFID Market – Demand for Chipless RFID Gain due to Continued Product Development

Chipless RFID Market – Demand for Chipless RFID Gain due to Continued Product Development

Chipless RFID technologies can generate demand for trillions of tags annually, through item level tagging, thereby generating greater opportunity.

The global market for chipless RFID is the focus of analysis of a recent market intelligence report by TMR Research. The report, titled “Chipless RFID Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017–2025,” states that chipless RFIDs are comparatively cheaper and more convenient than conventional RFID tags.

The report finds that though not many leading RFID companies are expending money on development of chipless RFID, printing, packaging, and electronics companies, on the other hand, are actively involved in product development through research and development. This has resulted in unveiling of innovative chipless RFID systems every now and then. An example would be chipless RFID tags using materials of some form of conductive polymers instead of the usual silicon microchips. Some types even leverage materials that reflect back a portion of the radio waves radiated at them. A computer gathers the waves reflected back as a snapshot and uses it like biometric data to identify the tagged object. Some companies operating in the field of chipless RFID are also experimenting with implanting radio frequency reflecting fibers in documents to prevent their unauthorized photocopying.

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Chipless RFID technologies can generate demand for trillions of tags annually, through item level tagging, thereby generating greater opportunity. This has egged the chipless RFID suppliers to focus on further developing these technologies.

The global chipless RFID market is primarily driven by electronics, printers, and packaging manufacturers both in terms of use and product development. In fact, continued thrust on product development has led to more affordable varieties in the market which has been acting as a catalyst for its growth.

From a geographical standpoint, the U.S. is a dominant region at present. This is mainly on account of abundant availability in the market for low priced and effective chipless RFID technologies for monitoring of goods for several applications. These applications are retail, smart card, supply chain, and others. Chipless RFID help thwart anti-counterfeiting and provide asset tracking to arrest shrinkage in retail. Shrink in retail usually results from theft or misplacement of goods without notification. With all its advantages, it serves to enhance the efficiency and productivity of the system.

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Further, chipless RFID is also helping in swift uptake of smart cards by offering more security to them. Governments of nations, namely Singapore, Nigeria, China, and United Kingdom have already made use of RFID compulsory in different projects such as counterfeiting, citizen identification and others, thereby giving a boost to their demand.

Prominent names in the global chipless RFID are Confidex Ltd., Alien Technology Corporation, Impinj Incorporation, Intermec Inc., Soligie Inc., Basf S.E., kovio inc., Inksure Technologies Inc., and Zebra Technologies Corporation.

Read Comprehensive Overview of Report @ https://www.tmrresearch.com/chipless-rfid-market

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