Printed and Chipless RFID Market share to grow at 26.7% CAGR from 2016 to 2023

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Printed and Chipless RFID Market to reach
16.29bn by 2023 Global Market Insights Inc.
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Industry Overview

• 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.

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• 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.

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• 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.

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

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