Printed and Chipless RFID Market size forecast to grow with 26.7% CAGR By 2023

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Printed and Chipless RFID Market size forecast to
grow with 26.7 CAGR to surpass USD 16 billion by
2023 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Printed and Chipless RFID
Market

• 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 RD
  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.

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Continued

• 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.

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China Printed And Chipless RFID Market size, by
application, 2012-2023 (USD Million)

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90
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360 Analysis

• Application Analysis
• Retail applications were responsible for over 29
  of the printed and chipless RFID market share in
  2015. Growing use in improving the overall
  customer experience, inventory accuracy, store
  execution, on-shelf availability, as well as
  omni-channel retailing will drive growth over the
  forecast timeframe.
• Regional Analysis
• U.S. printed and chipless RFID market size is
  forecast to surpass USD 4.8 billion by 2023, at
  25 CAGR estimations from 2016 to 2023. Growing
  demand across application areas is expected to
  drive growth. Companies operating in the region
  have been adopting this technology to streamline
  supply chain management and enhancing inventory
  visibility.Growing need for document management
  in government agencies and medical institutions
  will favor Asia Pacific printed and chipless RFID
  market growth.
• Competitive Market Share
• Major players include Zebra Technologies, Impinj
  Corporation, Alien Technology Corporation, TAGSYS
  RFID, and Intermec. Companies aim at ensuring
  considerable product differentiation and
  actionable solutions through RD and product
  innovation activities. Focal areas include
  extensiveness of the product portfolio, quality
  of the products and services, performance
  characteristics, availability, etc. Companies
  accounting for printed and chipless RFID market
  share also need to ensure effective branding and
  strong customer relationships to sustain in the
  competition.

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