February 18, 2025
chipless RFID market

The Next Generation of RFID Tracking market is estimated to be valued at US$ 1,176.7 Mn in 2023

The chipless RFID market is estimated to be valued at US$ 1,176.7 Mn in 2022 and is expected to exhibit a CAGR of 28.1% over the forecast period 2023-2030, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Chipless RFID technology uses a specially designed antenna to encode and transmit data instead of using silicon chips. This allows for identification and tracking of numerous everyday items without the need for embedding electronic chips. Applications include tracking of pharmaceuticals, currency, clothing, and industrial components.

Market Dynamics:

Chipless RFID tags offer various advantages over traditional chipped RFID including lower cost of production, reduced e-waste generation, and ability to print directly on products during manufacturing. The technology provides an economical and eco-friendly solution for tagging large volumes of items. Additionally, contactless identification allows for automated tracking across supply chains with minimal human intervention. Key drivers of growth include increasing adoption in healthcare and retail industries seeking simplified asset management and optimization of logistics operations.

Market key trends:

The chipless RFID market is witnessing growing adoption of chipless RFID tags for various applications such as smart packaging, clothing, etc. Chipless RFID tags utilize printed dipole antennas on inexpensive paper or polymer substrates for wireless data communication without using silicon chips. They are very cheap to produce compared to conventional RFID chips. Rise in demand for low-cost RFID solutions is fueling the demand for chipless RFID technology. Increasing focus on supply chain efficiency is another key factor driving more organizations to deploy chipless RFID tags for improving visibility across supply chain networks.

SWOT Analysis:

Strength: Chipless RFID tags are significantly cheaper to produce compared to RFID chips, thereby making them more affordable for mass adoption.
Weakness: Chipless RFID tags have lower data storage capacity and read ranges compared to standard RFID tags.
Opportunity: Growing IoT market provides opportunities to integrate chipless RFID tags into various IoT devices for identification and tracking. Adoption across industries like healthcare, retail, manufacturing etc can grow.
Threats: Limitations in terms of data storage and read ranges pose threat from conventional RFID technology. Complex decoding technology is also a challenge.

Key Takeaways:

The Global Chipless RFID Market Size is expected to witness high growth, exhibiting CAGR of 28.1% over the forecast period 2023-2030, due to increasing adoption across industries for cost-effective item tracking and identification.

Market size: The size of the global chipless RFID market was valued at US$ 1,176.7 Mn in 2023 and is anticipated to reach over US$ 6 Bn by 2030 with significant growth in demand over the coming years.

Regional analysis: North America captured over 30% of the global market share in 2023 owing to rapid deployment across industries like retail and logistics in the US. Asia Pacific is expected to witness fastest growth over forecast period supported by growing investments in developing countries like India and China for implementing RFID solutions.

Key players: Key players operating in the chipless RFID market are Zebra Technologies Corporation, Spectra Systems, Molex Inc., Xerox Corporation, Politronica Inkjet Printing S.r.l., Vubiq Networks Inc., Thin Film Electronics ASA, and TagSense Inc. Zebra Technologies remains the global leader with highest revenues.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it

Money Singh
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Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc. 

Money Singh

Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc. 

View all posts by Money Singh →