market during the forecast period. In 2016, the region dominated the overall global chipless RFID
market and is expected to reach US$ 1,217.5 Million by 2024 end, reflecting a CAGR of 27.3%.
The chipless RFID market in Asia Pacific (APAC) is foreseen to expand at the highest CAGR over
the forecast period, followed by North America and Europe respectively. The growth of the market
in APAC is primarily attributed to the growing investment by various industries in modernizing data
maintenance technology in order to improve their business efficiency.
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