The chipless RFID market share is expected to increase by USD 2.33 billion from 2020 to 2025, and the market’s growth momentum will accelerate at a CAGR of 23.52%.
The market research report provides valuable insights into the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by end-user (logistics and transport, retail, healthcare, smart card, and others), type (passive system and active system), and geography (North America, Europe, APAC, MEA, and South America).
The chipless RFID market report also offers information on several market vendors, including Alien Technology LLC, BASF SE, Confidex Ltd., Dai Nippon Printing Co. Ltd., Impinj Inc., Intermec Inc., RFID4U, RR Donnelley and Sons Co., SATO Vicinity Pty. Ltd., and Zebra Technologies Corp. among others.
Alien Technology LLC - The company offers chipless RFID products such as UHF Gen-2 RFID chips, tags, readers and antennas. Through the IC segment, the company offers products of ICs under the brand Higgs.
What will the Chipless RFID Market Size be During the Forecast Period?
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Parent Market Analysis
Technavio categorizes the global chipless RFID market as a part of the global electronic components market within the electronics market. Our research report extensively covers external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the chipless RFID market during the forecast period.
Chipless RFID Market: Key Drivers, Trends, and Challenges
Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Key Chipless RFID Market Driver
- One of the key factors driving growth in the chipless RFID market is the rising need for accurate inventory management.
- Inventory, one of the most important assets of a company, represents investments from the manufacture to the sale of a product. Inventory management involves keeping track of products or assets, storage components required during production, and monitoring the number of finished products.
- The lack of sufficient real-time visibility can create a considerable loss of work hours and time, in turn leading to financial constraints.
- With the introduction of automatic data-capturing technologies such as RFID systems, companies can ensure that purchase orders are placed in accordance with available stock.
Key Chipless RFID Market Challenge
- Data security issues will be a major challenge for the chipless RFID market during the forecast period.
- Keeping data secure is of high importance for consumers, governments, and corporations.
- The increasing use of RFID has opened a new frontier for data threats and data security measures.
- The key threat to back-end communication is unauthorized access to the network. It can allow any rogue devices to gain access to the network.
- The key threats that are involved in front-end communication are unauthorized access to the tags, rogue and clone tags, and side-channel attacks. These data security issues prove to be a major challenge for manufacturers as they hamper the demand for RFIDs.
This chipless RFID market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Chipless RFID Market Value Chain Analysis
Our In-house experts produce extensive information on the value chain and parent market of the chipless RFID market, which vendors can leverage to gain a competitive advantage during the forecast period. The Value Chain information provides an end-to-end understanding of product insight and profit and also optimization and evaluation of business strategies. The players across the value chain include selective data and analysis from entire research findings as per the scope of the report.
Which are the Key Regions for Chipless RFID Market?
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36% of the market’s growth will originate from North America during the forecast period. The US is the key market for chipless RFID in North America. Market growth in this region will be faster than the growth of the market in regions.
North America dominated the global chipless RFID market in 2020 and is expected to hold the position through 2025. The contribution is highest because the region was among the first to adopt the use of automatic data capture (ADC) devices. Besides, the YoY market growth rate is expected to rise at a rapid pace as the transport and logistics industry in North American countries such US, Canada, and Mexico is also observing an increase in investment in chipless RFID technology. This will facilitate the chipless RFID market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
What is the Fastest-Growing End-user Segment in the Chipless RFID Market?
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The chipless RFID market share growth by the logistics and transport segment will be significant during the forecast period. This market is expected to see high YoY growth during the forecast period due to the rapid adoption of RFID systems in supply chain operations. It makes the supply chain operations hassle-free. The low cost and high efficiency of chipless RFID are key factors behind its adoption in this segment. Cargo tracking in planes and ships is one of the applications of an RFID system in logistics and transport that is expected to raise the demand for chipless RFID systems. Moreover, vehicles can also be inscribed with RFID to help in identification at gates where entry is restricted or for the purpose of payment of toll taxes. This will allow vehicles to easily pass through instead of having to wait for drivers to show the passer's card or manual payment of toll taxes. These possible innovations with the use of RFIDs will push the growth of this segment over the next five years.
This report provides an accurate prediction of the contribution of all the segments to the growth of the chipless RFID market size and actionable market insights on the post-COVID-19 impact on each segment.
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Chipless RFID Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 23.52% |
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Market growth 2021-2025 |
$ 2.33 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
22.83 |
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Regional analysis |
North America, Europe, APAC, MEA, and South America |
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Performing market contribution |
North America at 36% |
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Key countries |
US, UK, Germany, China, and Japan |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
Alien Technology LLC, BASF SE, Confidex Ltd., Dai Nippon Printing Co. Ltd., Impinj Inc., Intermec Inc., RFID4U, RR Donnelley and Sons Co., SATO Vicinity Pty. Ltd., and Zebra Technologies Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Chipless RFID Market Report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive chipless RFID market growth during the next five years
- Precise estimation of the chipless RFID market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behaviour
- The growth of the chipless RFID market industry across North America, Europe, APAC, MEA, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive analysis of factors that will challenge the growth of chipless RFID market vendors
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