Published Date: 19-Feb-2021
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According to a new report Global Chipless RFID Market, published by KBV research, The Global Chipless RFID Market size is expected to reach $3.2 billion by 2026, rising at a market growth of 24.2% CAGR during the forecast period.
The Tag market dominated the Global Chipless RFID Market by Product Type 2019. With the help of inkjet printers, these tags can be printed. Also, these printers are comparatively less costly and permit multiple tag printing simultaneously, due to which manufacturing of these tags becomes easy. This is another aspect anticipated to boost the growth of the RFID tags segment. The Reader market is expected to witness a CAGR of 26.3% during (2020 - 2026).
There has been a surge in the counterfeiting of drugs due to the lack of legal protection & technology to recognize authentic drugs and the absence of vigilance & advocacy by healthcare providers. As the process of counterfeiting drugs cannot be stopped with the use of conventional RFID with barcode technology, the R&D departments of various healthcare sectors are investing their efforts to manufacture RFID devices, which are less expensive and could be utilized to fight against this global issues in the healthcare industry.
The North America market dominated the Global Chipless RFID Market by Region 2019. The Europe market is estimated to grow at a CAGR of 23.3% during (2020 - 2026). Additionally, The Asia Pacific market would showcase highest CAGR of 26.3% during (2020 - 2026).
Full Report: https://www.kbvresearch.com/chipless-rfid-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of 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.
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