The Chipless RFID Market is set to reach US$ 10.5 billion by 2032, empowering smart inventory management

Chipless RFID Market

The chipless radio frequency identification (RFID) market size is estimated to surpass US$ 10.5 billion by 2032, exhibiting growth at a CAGR of 19.5% from 2022 to 2032. The market stood at US$1.8 billion in 2022 and registered growth at a CAGR of 23.1% from 2017 to 2021. The growth of the market is driven by the increasing demand for asset tracking, the growing popularity of e-commerce, and the need for more efficient supply chains.

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Chipless RFID is a type of radio frequency identification (RFID) that does not use an integrated circuit (IC). Instead, it uses a passive transponder that is made of conductive polymers or plastic. The transponder reflects radio waves back to the reader, which can then be used to identify the asset.

Benefits of Chipless RFID

There are several benefits to using chipless RFID.

• First, it is a cost-effective solution. The cost of chipless RFID tags is significantly lower than the cost of traditional RFID tags.

• Second, chipless RFID tags are easy to use. They do not require batteries or power, and they can be read at long distances.

• Third, chipless RFID tags are durable. They are resistant to harsh environments and can withstand extreme temperatures.

Drivers and Trends

The growth of the chipless RFID market is being driven by a number of factors, including:

• Increasing demand for asset tracking
• Growing popularity of e-commerce
• Need for more efficient supply chains
• Rising cost of labor

The increasing demand for asset tracking is one of the key drivers of the chipless RFID market. Businesses are increasingly looking for ways to track their assets in real time. Chipless RFID can be used to track a variety of assets, including pallets, cases, and individual items.

The growing popularity of e-commerce is another key driver of the chipless RFID market. E-commerce retailers need a way to track their inventory in real time. Chipless RFID can be used to track inventory in warehouses and distribution centers.

The need for more efficient supply chains is also driving the growth of the chipless RFID market. Businesses are looking for ways to improve the efficiency of their supply chains. Chipless RFID can be used to track goods as they move through the supply chain.

The rising cost of labor is also driving the growth of the chipless RFID market. Businesses are looking for ways to reduce their labor costs. Chipless RFID can be used to automate tasks that are currently performed by manual labor.

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Market Key Players

• Zebra Technologies Corporation
• Spectra Systems
• Molex Inc.
• Xerox Corporation
• Politronica Inkjet Printing S.r.l.
• Vubiq Networks Inc.
• Ensurge Micropower ASA
• TagSense Inc.
• Honeywell International Inc.
• NXP Semiconductors N.V.

Recent Developments

Here are some recent developments of companies in the chipless RFID market:

• Zebra Technologies

In March 2023, Zebra Technologies announced the launch of its new chipless RFID inlay, the Z-Band. The Z-Band is a passive, inlay that can be used to track a variety of assets, including pallets, cases, and individual items. The Z-Band is also water-resistant and can withstand harsh environments.

• Zebra Technologies

In February 2023, Alien Technology announced the launch of its new chipless RFID reader, the ALR-9880. The ALR-9880 is a high-performance reader that can read chipless RFID inlays at long distances. The ALR-9880 is also designed for use in harsh environments.

• Alien Technology

In January 2023, Impinj announced the launch of its new chipless RFID platform, Impinj Speedway. The Impinj Speedway platform is a complete solution for chipless RFID, including inlays, readers, and software. The Impinj Speedway platform is designed to be easy to use and scalable.

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Challenges

The chipless RFID market faces a number of challenges, including:

• Lack of awareness
• High cost of infrastructure
• Security concerns

Lack of awareness is one of the key challenges facing the chipless RFID market. Many businesses are not aware of the benefits of chipless RFID. As a result, they are not investing in chipless RFID solutions.

The high cost of infrastructure is another challenge facing the chipless RFID market. Chipless RFID readers and antennas are more expensive than traditional RFID readers and antennas. This can make it difficult for businesses to justify the cost of investing in chipless RFID solutions.

Security concerns are also a challenge facing the chipless RFID market. Some businesses are concerned about the security of chipless RFID data. As a result, they are reluctant to adopt chipless RFID solutions.

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