Printed and Chipless RFID Market

Printed and Chipless RFID Market Outlook 2031:

The global printed and chipless RFID market size was valued at USD 1.45 Billion in 2022 and is projected to reach USD 13.37 Billion by 2031, expanding at a CAGR of 28% during the forecast period 2023 - 2031. The growth of the market is attributed to the rising need among companies for supply chain visibility and inventory management.

Printed and chipless radio frequency identification (RFID) tags are without microchip OR silicon integrated circuit (IC) or RFID tag IC. These tag use conductive polymers or plastic instead of silicon ICs. Printed and chipless RFID tags can be electronically integrated to reveal ID and other data to the user. These tags are printed with the help of ink jet printer. The material used in tag transmit back a portion of the reader's signal with the stored identification data.

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The reflected signal has unique fingerprint that helps the user to identify the tag and data transfer. Chipless RFID tags can work over a broader temperature range and are also less sensitive to radio frequency interference.

The COVID-19 pandemic outbreak had negative impact on the market. During pandemic, lockdown imposed by government bodies resulted in halted production of RFID tags, disruption of supply chain, and affected trade business. Additionally, electronics sector is severely impacted in the pandemic, which reduced the demand of chipless RFID tags. The market is expected to recover soon as the emergency lockdown is gradually lifted and manufacturing plants are resuming their operations across the globe due to the sharp decline in the number of the COVID cases in many countries.

Printed and Chipless RFID Market Trends, Drivers, Restraints, and Opportunities

• Decreasing cost of tag, as microchip is not integrated in it is one of the key factors driving the market growth.
• Increasing adoption of printed and chipless RFID tags by public transit industry owing to its functionality is projected to boost the market during the forecast period.
• High initial capital investment acts as a major challenge that can restrict the market growth in the coming years.
• Rising availability of counterfeit items especially in healthcare sector is expected to hamper the market growth during the projected timeline.
• Growing shift of retailers towards chipless RFID for improved customer experience is anticipated to create significant growth opportunities for the market.

Scope of Printed and Chipless RFID Market Report

The report on the global printed and chipless RFID market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Printed and Chipless RFID Market Segment Insights

Transportation & logistics segment to register high CACR

On the basis of applications, the market is segmented into transportation & logistics, healthcare, retail, and aviation. The transportation & logistics segment is anticipated to register a high CAGR in the projected timeline owing to the growth of modern infrastructure in emerging economies. Additionally, the segment growth is further accelerated as many warehouse and stores are adopting RFID technology to improve customer experience and store execution.

On the other hand, the healthcare segment is anticipated to grow at robust growth rate in the near future attributed to the favorable government initiatives. Moreover, this tags offer various benefits in healthcare industry, such as patient tracking, document management, inventory control, surgical instrument trace, and staff identification is driving the segment growth further.  

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North America is to constitute a key market share

In terms of region, the global printed and chipless RFID market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key share of the market during the projected period owing to the high adoption of RFID tags by enterprises in the region for efficient and effective supply chain management.

However, the market of Asia Pacific is anticipated to grow at a rapid pace during the forecast period due to the decreasing prices of tags in the region and high investment by key players in the printed and chipless RFID technology for inventory accuracy and to provide big data to reveal new insights to the management.

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Segments

The global printed and chipless RFID market has been segmented on the basis of

Applications

• Transportation & Logistics
• Healthcare
• Retail
• Aviation

Regions

• Asia Pacific
• North America
• Latin America
• Europe
• Middle East & Africa

Key Players

• Impinj Inc.
• Intermec Technologies Corp.
• Acreo AB
• Siemens AG
• Alien Technology
• Zebra Technologies Corp.
• Thin-film Inc.
• IBM Corp.

Competitive Landscape

Key players competing in the global printed and chipless RFID market are Impinj Inc.; Intermec Technologies Corp.; Acreo AB; Siemens AG; Alien Technology; Zebra Technologies Corp.; Thin-film Inc.; and IBM Corp. Companies are focusing on investments in R&D sector to gain an early mover advantage.

Furthermore, companies have been widely engaged in strategic partnership, merger & acquisition, new product launch, and collaborations to boost their market share and acquiring new buyers.

For instance, in April 2019, Alien Technology, announced a launch of Higgs-9 IC, the first release of its next-generation of Higgs RFID semiconductor IC. The newly launched IC helps enterprise critical applications to run smarter, faster, and with faster ROI in RFID deployments.

In April 2019, Kit Check came in partnership with Avery Dennison for implementation of RFID technology for pharma sector. This partnership is aimed to develop medication labels that will help pharmaceutical companies to the tracking of each product from the point of manufacture until after it arrives at a hospital.