Industry Overview
The research report “Printed
and Chipless RFID Market
Size By Application (Aviation, Healthcare, Logistics & Transport, Retail),
Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, India,
China, Japan, Brazil, Mexico, UAE, Saudi Arabia), Application Potential, Price
Trends, Competitive Market Share & Forecast, 2016 – 2023”,
by Global Market Insights, Inc. says Printed and Chipless RFID Market size is expected to reach USD 16.29
billion by 2023;
driven by demand for operational efficiency.
Widespread
application of RFID technology in supply chain, retail, access control, and
manufacturing will push printed and chipless RFID market growth over the coming
six years. Rapid innovations in nanotechnology and high investments in research
activities will generate new growth avenues for the industry.
Ability
of printed and chipless RFID systems to automate function and support long
range processes has enhanced its popularity across aviation, retail,
healthcare, and logistics & transport sectors. Printed and Chipless RFID
market revenue in the healthcare sector will increase substantially over the
coming seven years. Its major application in staff identification, patient data
tracking, inventory control, and document management will succor the growth.
Rising
need to restrict the circulation of counterfeit goods will boost market demand
over the years to come. The growing
popularity of operating frequencies will drive the industry trends. Printed and
chipless RFID technology offers various benefits such as asset tracking,
automatic scanning, product recalls, quality control, labor reduction, and item
level tracking to its customers.Printed and Chipless RFID Market has observed
large-scale replacements of chip-based tags with chipless equivalents to
prevent theft via asset tracking. Favorable government policies such as issuing
of electronic-passports has benefited the industry to a large extent. Rise in
the number of e-transactions with the advent of e-commerce sector will
favorably influence the revenue of Printed and Chipless RFID industry. Again,
high consumer preference for digital transactions is expected to offer new
growth opportunities for the industry and offer bright prospects for the business.
Aviation
application, which collected a revenue of USD 300 million in 2015, is
anticipated to propel the industry development over the coming timeframe.
Retail sector, which accounted for 29% of printed and chipless RFID industry
share in 2015, is expected to embellish the industry size over the next few
years. Escalated application of RFID
technology in various retail activities to improve customer service, auctions,
and operational efficiency will drive the revenue.
Key regional insights
related to printed and chipless RFID market trends over 2016-2023:
·
U.S.
printed and chipless RFID industry is expected to reach USD 4.8 billion by
2023. Major industry participants in the U.S. are making use of this system to
carry out support supply chain activities just in time.
·
Brazil
printed and chipless RFID market is projected to experience a handsome growth
over the coming years, driven by implementation of government schemes favoring
the use of the RFID technology across the region.
The
rising popularity of printed and chipless RFID technology will attract new
entrants to enter the business and this will make the industry more
competitive. Hence, existing market players will try to gain competitive edge
and capture maximum share by adopting successful business strategies such as
product differentiation, technological innovations, effective marketing &
branding, and building strong customer relationships.
Alien
Technology LLC, Intermec, Zebra Technologies, Impinj Incorporation, and TAGSYS
RFID Group are the major participants of printed and chipless RFID industry.
Report Content
1.1
Research Methodology
1.1.1
Initial data exploration
1.1.2
Statistical modeling and forecast
1.1.3
Industry insights and validation
1.2
Data Sources
2.1
Printed & chipless RFID industry 3600 synopsis, 2012 - 2023
2.1.1
Business trends
2.1.2
Regional trends
2.1.3
Application trends
3.1.
Industry segmentation
3.2.
Industry Size and forecast, 2012 - 2023
3.3.
Industry ecosystem analysis
3.4.
Industry Impact forces
3.4.1.
Growth drivers
3.4.1.1.
Reducing cost of tags
3.4.1.2.
Demand for operational efficiency
3.4.1.3.
Growth in the counterfeit items ecosystem
3.4.2.
Industry pitfalls & challenges
3.4.2.1.
Security concerns
3.5.
Growth potential analysis
3.6.
Porter’s analysis
3.7.
Competitor landscape, 2015
3.8.
PESTEL analysis
3.9.
Technology landscape
3.9.1.
RFID technology evolution
3.9.2.
RFID components
3.9.3.
Conventional vs. chipless RFID
About Global Market Insights
Global Market Insights, Inc., headquartered in
Delaware, U.S., is a global market research and consulting service provider;
offering syndicated and custom research reports along with growth consulting
services. Our business intelligence and industry research reports offer clients
with penetrative insights and actionable market data specially designed and
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designed via a proprietary research methodology and are available for key
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and biotechnology.
Contact
Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone:
1-302-846-7766
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Free: 1-888-689-0688
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