Zion Market Research Chipless RFID Market, 2016–2024 | Page 3

Chipless RFID Market
global market. Increasing use of the chipless RFID in the public transit, supply chain, and
aviation industries for creating hassle-free operations has spurred the growth of the global
chipless RFID market. Growing need for chipless RFID in the supply chain visibility and inventory
management has made the chipless RFID survive in the global market. Decreasing cost of the
transponders is another reason for the growth in the global market. Conversely, prime factor
that restraints the global chipless RFID market is its low memory.
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Global Chipless RFID Market: Segmentation
The application segment of the global chipless RFID market includes supply chain, patient
monitoring, smart cards, tracing healthcare & pharmaceutical equipment, retail, aviation
industry, and public transit. Of these, public transit is the contributed for the largest market
share due to reduced cost and rise functionality. Some of the public transport schemes use RFID
technology such as T-Monet, Oyster Card, Saint Petersburg City Card, Octopus Card, and
Ventra. These cards are not only used in local public transport but also in railway systems.