Chipless RFID is a wireless identification technology that utilizes radio frequency to identify objects without an embedded microchip. It works by encoding data into the physical properties of RFID tags and utilizes radar cross-section signatures to encode data without an electronic chip. Chipless RFID tags are less expensive to produce and more durable as compared to conventional RFID tags. Rising need for supply chain visibility and product traceability across industries is expected to drive the demand for chipless RFID technology over the coming years.
The global chipless RFID market is estimated to be valued at US$ 7474.52 Bn in 2024 and is expected to exhibit a CAGR of 16% over the forecast period 2024 to 2031.
The Global chipless RFID market is driven by growing need for real-time supply chain visibility and product traceability across industries such as retail, manufacturing, healthcare, and logistics. Chipless RFID reduces operational costs by enabling efficient asset management and automated inventory counting. It also improves customer experience through enhanced product authentication. The technology is well-suited for applications involving small, dense, or metallic items that are difficult to tag using conventional RFID technology owing to its reduced size and ability to function effectively on metal surfaces.
Key Takeaways
Key players operating in the Chipless RFID Market Growth are Severn Trent Plc, Calgon Carbon Corporation, Xylem Inc., Trojan Technologies, General Lighting, Aquionics, Atlantium Technologies Ltd., Atlantic Ultraviolet Corporation, FirstLight Technologies Ltd., Green Water Technologies, Evoqua Water Technologies LLC, Advanced UV, Inc., Hydro, Photon, makers of SteriPEN, and Enaqua. The rising demand for supply chain visibility and product traceability across industries is expected to drive the growth of chipless RFID technology. Chipless RFID tags enable features such as anti-counterfeiting and embedded sensor monitoring owing to advances in micro-structuring techniques and integration of multiple resonant tags on a single surface.
Market Trends
The chipless RFID market is witnessing growing adoption of holographic and microstructured tag technologies that enable encoding of larger volumes of data and complex signatures. Holographic chipless RFID tags utilize light diffraction and reflection patterns to encode information while microstructured tags rely on arrays of printed dipoles, slots or patches to generate unique spectral signatures. Another key trend is the integration of chipless RFID with IoT sensors to enable real-time monitoring of product condition, location tracking and SMS alerts. This is driving research into multi-resonant chipless RFID tag designs with integrated sensors.
Market Opportunities
Growing demand for supply chain transparency across industries represents a major opportunity for chipless RFID technology providers. Integration of chipless RFID with blockchain could enable item-level traceability across the supply chain with real-time tracking of quality parameters. Another key opportunity lies in leveraging chipless RFID for authentication of pharmaceuticals and prevention of counterfeiting in the healthcare supply chain. Investments into chipless RFID reader architectures that can handle dense tag populations and improve read ranges also present an area of focus.
Impact of COVID-19 on Chipless RFID Market Growth
The outbreak of COVID-19 pandemic has adversely impacted the growth of the chipless RFID market globally. Supply chain disruptions and restrictions imposed on manufacturing activities during lockdowns led to decline in production volumes. Shutdown of hospitality, events and retail industry where chipless RFID tags are widely used has reduced demand significantly. Majority of the projects and development activities were either postponed or cancelled. Suspended business activities and travel restrictions decreased spending on RFID solutions for supply chain and logistics applications.
However, with lifting of lockdowns and resumption of economic activities, the market is expected to witness steady recovery post-pandemic. Increasing emphasis on contactless operations and automation in various end-use industries will generate renewed demand for RFID technologies. Chipless RFID tags find new application potentials in tracking temperature-sensitive goods like medicine and food during transportation and storage. Their low-cost advantages over chip-based tags is attracting interest from small and medium enterprises. Governments across regions are allocating funds towards modernizing infrastructure with advanced identification solutions which will support market expansion in coming years.
Growth Strategies
Chipless RFID manufacturers need to focus on product innovation to unlock new application segments and drive adoption rates. Partnerships with logistics and retail industry players can help understand evolving requirement and tailor solutions accordingly. Scaling up production capacities through expansion will help cater rising demand as normalcy resumes. Adopting flexible pricing models can aid customer retention during economic uncertainties. Collaboration with technology startups engaged in IoT and analytics can extend functionalities of RFID systems.
Europe currently accounts for the largest share of chipless RFID market in terms of value owing to widespread deployment across industries. Countries like Germany, UK and France are early technology adopters with developed infrastructure. Stringent regulations regarding product traceability and worker safety have boosted regional market growth.
The Asia Pacific region is poised to emerge as the fastest growing market, driven by China and India. Rising foreign investments, improving standards of living and expanding middle-class population are translating to increased consumer spending. Escalating trade volumes within ASEAN countries also present market opportunities. Governments of developing nations are actively supporting manufacturing sector modernization with RFID solutions to enhance supply chain efficiency and competitiveness.
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Latest released research study on Chipless Rfid Market delivers volume and values at regional and company levels considering slowdown due to COVID across the globe.
From a global perspective, the report analyzes historical data and future prospects to represent the total Global Chipless Rfid Market size broken down by various segments (type and application) and by highest potential and emerging countries.
Chipless RFID system have a tag which has no in-built Integrated Chip-IC on it and does not contain its individual power supply called passive tags which results in low cost of RFID system.
Unlock new opportunities in Global Chipless Rfid Market; the latest release from AMA highlights the key market trends significant to the growth prospects, Let us know if any specific players or list of players needs to consider gaining better insights Global Chipless Rfid Market Segmentation's The segmentation chapter allows readers to understand aspects of the Global Chipless Rfid Market such as products, available technologies, and applications.
The research report also provides insightful information on new trends that are likely to define the progress of these segments over the next few years.
On the Basis of by Application (Vehicles, Electronic Gadgets, Smart Cards, Supply Chain, Others), Components (RFID Reader, RFID Tag (Passive, Semi-passive, Active), Database), Security Threats (Reverse Engineering, Eavesdropping, Power Analysis Attack, Cloning and Spoofing), End-Users (Healthcare, Travel and Transport, Defense, Retail, Others) On the Basis of Region: North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey & Rest of Middle East & Africa Market DriversRising Usage of Electronic Printing and Ink TechnologiesGrowing Technological Propagation Market TrendRising Product Awareness among End UsersProduct Launches In Line With Customer Requirement RestraintsLow Memory of Chipless RFID ChallengesDifficult To Read Ultrahigh Frequency Tags Near a Human BodyTags with Large Amount of Liquid or Metals Cannot Be Read Easily How geography and sales fit together This study is helpful to all operators who want to identify the exact size of their target audience at a specific geographic location.
