Published on : Aug 02, 2017
Albany, New York, August 02, 2017: The report offers a comprehensive study of this market, emphasizing on the key trends, growth drivers, challenges, limitations, and opportunities. The research study, titled “Global Chipless RFID Market 2017–2021,” focuses especially on the past and the current performance of this market in an effort to identify its future status.
According to the research report, the increasing need for inventory management solutions for the storage of the components needed during the production process, maintaining the track record of products and assets, and the monitoring of the quantity of finished products, is the main driving factor behind the growth of this market. The advent of cloud-based RFID solutions is anticipated to support this market remarkably in the years to come, which is expected to rise at an exponential CAGR of 27.43% over the period from 2017 to 2021, reports the market study.
In this research report, the global market for chipless RFID has been assessed on the basis of the type of the product and the geography. Based on the type of the product, the market has been classified into active RFID and passive RFID. Passive RFID solutions are enjoying a higher demand than the active ones and are expected to remain doing so over the next few years.
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The report further analyzes this market on the basis of its regional reach. As per the study, the market has a strong presence, the Americas, Europe, the Middle East, and Africa (EMEA), and Asia Pacific (APAC). Among these, the Americas has been dominating the overall market and is anticipated to remain as the top revenue contributor to this market over the forecast period, thanks to the increasing investments in the field of RFID in the logistics and transport industry, notes the study.
The competitive landscape of the global market for chipless RFID has also been provided in this research study. As per the study, the market is becoming more and more competitive, owing to the advancements in technologies, evolving standards, increasing product awareness among end users, and the introduction of products in line with the requirements of consumers.
The leading vendors in the market, such as Alien Technology, Zebra Technologies, and SATO Vicinity, are aggressively focusing on introducing new and innovative products in the market. They are also emphasizing on cost-efficient production cycle and technological advancements to strengthen their presence in this market. A shift in their focus towards merger, acquisitions, and alliances can be observed over the coming years.
Some of the other prominent players in the market mentioned in this report are Acreo, Confidex, BASF, Impinj, RFID4U, Intermec Honeywell, RR Donnelley, Thin Film Electronics, Molex, and Toppan Printing.
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