Europe Chipless RFID Market By Product Type (Tag and Reader), By Frequency (High Frequency, Low Frequency and Ultrahigh Frequency), By Application (Smart Cards and Smart Ticket & Others), By End User (Logistics & Transportation, BFSI, Retail, Healthcare, and Others), By Country, Industry Analysis and Forecast, 2020 - 2026
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The Europe Chipless RFID Market would witness market growth of 23.3% CAGR during the forecast period (2020-2026). Chipless RFID is referred to radio frequency identification (RFID) without a silicon IC. It is a highly advancing wireless technology for security & surveillance, tracking, access controls, automatic identifications, inventory control, database management, and logistics. It makes use of conductive polymers or plastic as a substitution for silicon-based ICs.
The chipless RFID is regarded as an innovation to overcome the challenges of conventional RFID technology as it eliminated the cost incurred due to the silicon IC chip in the circuit. Besides, the chipless RFID is totally printable and in this manner, it is resistant to extreme climate conditions. The technology can also be used on metals & bottles containing fluids. The primary benefits of these features allow chipless RFID to finds potential applications that couldn’t be achieved earlier with both chipped and barcode RFIDs. Some of the examples involve low-cost tagging products like ID cards, banknotes, drink containers, books, aluminium cans, and customer merchandise. A chipless RFID tag also plays the role of chipless RFID sensors in providing low-cost sensors for establishing the universal networks required by the IoT model. The major use of RFID sensors is to detect CO2.
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.
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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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.
Scope of the Study
Market Segments Covered in the Report:
By Product Type
- High Frequency
- Low Frequency
- Ultrahigh Frequency
- Smart Cards
- Smart Ticket & Others
By End User
- Logistics & Transportation
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- 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
- Invengo Technology Pte. Ltd.
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