-- Printed and chipless RFID market is predicted to witness a profitable growth over the years to come, subject to the escalating product demand across the pharmaceutical, retail, logistics & transport, aviation, and healthcare sectors. With a plethora of technological innovations at play, industry players are finding numerous opportunities to explore new business growth opportunities across the globe. As stated by Global Market Insights, Inc., printed and chipless industry revenue, which was estimated at USD 2.52 billion in 2015, is slated to reach USD 16.29 billion by 2023.
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The North America printed and chipless RFID market is predicted to witness a substantial growth over the period of 2016-2023 as a result of rising demand for the technology across various industries such as logistics & transport, aviation, healthcare, and retail. Furthermore, firms operating in this region use this technology to improve the visibility of inventory along with streamlining of the SCM (supply chain management). U.S printed and chipless RFID market is expected to cross USD 4.8 billion mark by 2023, contributing significantly towards the regional growth.
The Asia Pacific printed and chipless RFID market is anticipated to witness a heavy growth over the timeframe due to the increasing requirement for document management systems in medical institutions and government organizations. The Latin America printed and chipless RFID market is projected witness a significant growth over the coming seven years due to favorable government policies along with the use of this technology by various firms operating in the region to trace & track inventory as well as enhance their supply chain management activities. Brazil market is projected to make significant contributions towards the regional growth.
Logistics and transport sector is projected to contribute more than USD 6.3 billion toward printed and chipless RFID market revenue by 2023, driven by breakthroughs across nanotechnology, conductive inks, and printed inks sectors along with the rampant infrastructural expansion. Diminishing tag costs will further add value to the product and enhance its market credibility.
Aviation sector, which contributed to more than 12.5% towards printed and chipless RFID market share in 2015, is predicted to augment the business development over the coming years. Most of the aviation industry players have been lately integrating this technology with their products in order to achieve maximum efficiency levels.
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Retail applications, which accounted for more than 29% of printed and chipless RFID industry size in 2015, are expected to make extensive contributions toward the industry value over the coming six years. Factors such as easy on-shelf accessibility, rise in the omni-channel selling activities, store execution, and accurate maintenance of stock records are anticipated to contribute significantly toward the business expansion.
Alien Technology LLC, Intermec, Zebra Technologies, Impinj Incorporation, and TAGSYS RFID Group are the major participants of printed and chipless RFID industry.
Major Key Points from Table of Content:
Chapter 3 Printed & Chipless RFID Industry Insights
3.1. Industry segmentation
3.2. Industry Size and forecast, 2012 - 2023
3.3. Industry ecosystem analysis
3.4. Industry Impact forces
3.4.1. Growth drivers
3.4.1.1. Reducing cost of tags
3.4.1.2. Demand for operational efficiency
3.4.1.3. Growth in the counterfeit items ecosystem
3.4.2. Industry pitfalls & challenges
3.4.2.1. Security concerns
3.5. Growth potential analysis
3.6. Porter’s analysis
3.7. Competitor landscape, 2015
3.8. PESTEL analysis
3.9. Technology landscape
3.9.1. RFID technology evolution
3.9.2. RFID components
3.9.3. Conventional vs. chipless RFID
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/printed-chipless-rfid-radio-frequency-identification-market
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Website: https://www.gminsights.com/pressrelease/printed-chipless-rfid-market
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