Chipless Radio Frequency Identification Devices Market Chipless Radio Frequency Identification Devices Ma

Chipless Radio Frequency Identification Devices Market Key
Players, Trends, Growth Opportunities and Industry Forecast till
2023
“Increasing use of chipless radio frequency identification
devices in transport sector for contactless and contact
smart cards, which enhance operational efficiencies and
saves commute time, is anticipated to foster market
demand over the coming years.”
The global chipless radio frequency identification devices market is expected to display higher growth rate over
the coming years. Rapid surge in the market is credited to the rising demand from transport & logistics sector,
and current advancements in nanotechnology. Increasing retail applications is expected to drive the growth of
the market over the forecast period. Globally, chipless radio frequency identification devices market is predicted
to generate massive revenue over the forecast period, providing numerous opportunities for industry
participants to invest in research and development of chipless radio frequency identification devices.
Increasing use of chipless radio frequency identification devices in transport sector for contactless and contact
smart cards, which enhance operational efficiencies and saves commute time, is anticipated to foster market
demand over the coming years. Adoption of chipless radio frequency identification devices for inventory control
is predicted to augment industry revenue during the forecast period. Chipless radio frequency identification
devices offer unique advantages such as remote reading of tags that contains unique codes for tracking. In
addition, chipless radio frequency identification devices can read a large volume of products that are to be
checked.
Chipless RFID tags does not contain a microchip inside their transponder. Chipless radio frequency identification
devices operates over long range and has ability to be automated, thus they are considered as highly efficient
compared to barcodes, which requires a manual operating for interrogation. However, higher cost associated
with these devices coupled with design complexities are major challenges for sustained market growth. Yet,
removal of ICs altogether from RFID tags reduces design complexity and material cost to a certain extent.