The Asia Pacific Chipless RFID Market would witness market growth of 26.3% CAGR during the forecast period (2020-2026). It is possible to detect all chipless RFID within range instantly & monitor the data in a system database. Therefore, it decreases human effort & error and offers superior accuracy. In addition, chipless RFID technology offers several features like chipless RFID tags are capable of read/write, automated, distinctively identifies every item or asset, among others. Though, the huge initial investment cost is a significant restraint for the global chipless RFID industry.
The market demand is boosted by the rising need among companies for inventory management and supply chain visibility. Reducing tag cost is expected to boost the revenue streams of the chipless RFID market during the forecast period. The public transit industry has been increasingly adopting this technology in the upcoming years due to low cost and superior functionality in comparison of other options.
Technological advancement is expected to reduce the cost of solution installation during the forecast period. Radio-Frequency Identification technology system provides various benefits to companies for stock control, for example, the remote reading of tags, which contain unique identification codes to track individual products. Specific kinds of tags can be overwritten, which enables the reading of various tags at the same time and allows a complete pallet-load of products to be checked simultaneously.
Based on Product Type, the market is segmented into Tag and Reader. Based on Frequency, the market is segmented into High Frequency, Low Frequency and Ultrahigh Frequency. Based on Application, the market is segmented into Smart Cards and Smart Ticket & Others. Based on End User, the market is segmented into Logistics & Transportation, BFSI, Retail, Healthcare, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: Chipless RFID Market in Asia Pacific is expected to register a CAGR of 26.3% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Zebra Technologies Corporation, NXP Semiconductors N.V., Honeywell International, Inc., Avery Dennison Corporation, CCL Industries, Inc. (Checkpoint Systems, Inc.), Impinj, Inc., Alien Technology, LLC, Applied Wireless Identifications Group, Inc., IDtronic GmbH, and Invengo Technology Pte. Ltd.
By Product Type
By Frequency
By Application
By End User
By Country
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