Growing need for efficient management of supply chain operations is expected to fuel chipless RFID market growth over the forecast period. Increasing adoption in applications that require low product value and level of functionality is expected to drive the market. This is mainly due to the low memory capacity and costs of these RFID tags. Potential opportunities in niche market applications such as banking cards; e-passport and item level tagging for various products is expected to favorably impact RFID growth through the forecast period. Increased demand for chipless RFID to provide various solutions such as anti-counterfeiting, asset tracking, in order to make systems more productive and avoid the shrink in retail is expected to be the key growth factor for the chipless RFID market
Rising demand for secure smart card system is expected to increase market penetration. Data accuracy, compatibility with the existing infrastructure, easy manufacturing technology and low costs are some of the factors expected to drive the market. However, absence of standards and lack of adequate awareness about potential benefits of chipless tags technology may hamper market growth through the forecast period.
View Chipless RFID Market Report with TOC @ http://www.grandviewresearch.com/industry-analysis/chipless-rfid-radio-frequency-identification-market
The market can be segmented on basis of product and end-use industry. North America is expected to dominate the market through the forecast period. Advancements in printable chipless RFID tags with tools such as RFID package for physically challenged consumer base is expected to provide favorable growth opportunities to the market participants for the next six years. Key market vendors include Kovio Inc, Zebra Technologies Corporation, Alien Technology Corporation and Intermec Inc.
About Us: Grand View Research, Inc produces customized research studies by identifying the exact nature of our clients’ requirements and how their organizations work. We understand the need to deliver solutions that tackle the unique issues faced by companies and industry leaders. Through our customized reports, it is our mission to help clients gain a competitive advantage by mapping their needs into actionable solutions.We provides strategic objective insights. For more information, visit Grand View Research