Market Size of Chipless RFID Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 28.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Chipless RFID Market Analysis
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. Technological advancements have led to new approaches within RFID technology, like microprocessors with 5.8 GHz tags for smart cards and chipless IDs that enable contactless communication even in the absence of a silicon chip.
- The chipless RFID technology has emerged as a lowcost alternative for chipped RFID system and has the potential to penetrate mass markets for lowcost item tagging, considering the high cost of silicon chip RFID transponders compared to optical barcodes. Thus, problems of achieving low-cost chipped RFID are presented with the proposed solution of chipless RFID for lowering the price of the RFID tag.
- For instance, in August 2018, the UC San Diego Jacobs School of Engineering and the Center for Wireless Communications at UC San Diego announced their chipless ID technology that can reflect WiFi signals. The chipless RFID technology released by them is in the form of metal tags made from copper foil printed on thin, flexible substrates, like paper.
- The Institute of Electrical and Electronics Engineers (IEEE) estimated that by 2020, more than 50 billion objects will be networked, of which many will use chipless RFID. With IoT being implemented in the supply chain across the pharmaceutical, manufacturing and other logistics industries, such statistics substantiate the market potential over the forecast period.
Chipless RFID Industry Segmentation
Chipless RFID (Radio Frequency Identification) is an emerging disruptive wireless technology for identification, tracking, and sensing. A chipless RFID tag does not contain an application specific integrated circuit (ASIC), hence the reader does all signal processing to read the tag. Chipless RFID tags are low-cost passive microwave/millimeter wave circuits where the information is stored in printable resonators and delay lines and typically implemented in flexible substrates such as polymers and papers, like optical barcodes.
| By Product Type | |
| Tag | |
| Reader | |
| Middleware |
| By Application | |
| Smart Cards | |
| Smart Tickets | |
| Other Applications |
| By End-user Industry | |
| Retail | |
| Healthcare | |
| Logistics and Transportation | |
| BFSI | |
| Other End-user Industries |
| Geography | |
| North America | |
| Europe | |
| Asia-Pacific | |
| Rest of the World |
Chipless RFID Market Size Summary
The chipless RFID market is experiencing significant growth, driven by technological advancements that have introduced innovative approaches within RFID technology. This includes the development of microprocessors with advanced frequency tags and chipless IDs, which facilitate contactless communication without the need for a silicon chip. Chipless RFID technology is emerging as a cost-effective alternative to traditional chipped RFID systems, offering a viable solution for mass market penetration in low-cost item tagging. This is particularly relevant given the high expense associated with silicon chip RFID transponders compared to optical barcodes. The potential for chipless RFID is further underscored by its application in various sectors, such as e-healthcare, where it integrates with wireless networking technologies to monitor patient conditions and combat drug counterfeiting.
The market is also witnessing increased investment and innovation in regions like China, Japan, and India, where companies are exploring the use of chipless RFID to enhance retail experiences and smart packaging solutions. The rise in per capita income and the demand for portable electronic devices in India are contributing to the market's expansion. Key players in the industry, including Alien Technology, Avery Dennison, and Zebra Technologies, are actively developing and implementing RFID solutions to meet the growing demand. These developments highlight the chipless RFID market's potential for substantial growth and its role in addressing challenges across various industries, from supply chain management to healthcare.
Chipless RFID Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Value Chain / Supply Chain Analysis
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Product Type
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2.1.1 Tag
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2.1.2 Reader
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2.1.3 Middleware
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2.2 By Application
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2.2.1 Smart Cards
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2.2.2 Smart Tickets
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2.2.3 Other Applications
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2.3 By End-user Industry
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2.3.1 Retail
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2.3.2 Healthcare
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2.3.3 Logistics and Transportation
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2.3.4 BFSI
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2.3.5 Other End-user Industries
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2.4 Geography
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2.4.1 North America
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2.4.2 Europe
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2.4.3 Asia-Pacific
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2.4.4 Rest of the World
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Chipless RFID Market Size FAQs
What is the current Chipless RFID Market size?
The Chipless RFID Market is projected to register a CAGR of 28% during the forecast period (2024-2029)
Who are the key players in Chipless RFID Market?
Alien Technology Corporation, Zebra Technologies Corporation, Variuscard GmbH, Avery Dennison Corporation and NXP Semiconductors NV are the major companies operating in the Chipless RFID Market.
