North America Chipless RFID Market By Product Type (Tag and Reader), By Frequency (High Frequency, Low Frequency and Ultrahigh Frequency), By Application (Smart Cards and Smart Ticket & Others), By End User (Logistics & Transportation, BFSI, Retail, Healthcare, and Others), By Country, Industry Analysis and Forecast, 2020 - 2026
The North America Chipless RFID Market would witness market growth of 22.5% CAGR during the forecast period (2020-2026).
Chipless RFID tags or RF fibers refer to RFID tags without a silicon IC/microchip/RFID Tag IC. These tags are created with plastic or conductive polymers rather than silicon-based ICs. These tags are considered passive RFID tags and these depend on electromagnetic power acquired from the RFID reader antenna. With the help of a tag, some portion of the reader’s signal can be reflected back with the gathered identification data back to the reader. The reflected signal generally contains some unique fingerprint that helps the reader to recognize the tag and the transmitted data.
A planar encoder (generally a printed pattern having the ID code) & an antenna for communication with the reader are in-built in a chipless RFID system. The cost of the tag can be considerably decreased because of the low-cost conductive inks. The chipless RFID system offers various advantages over traditional sensors because of its lower radiated power, lower cost, robustness, and longer storage life. On the other hand, chipless RFID systems offer identification of data & track various physical variables of tagged products without having an active sensor in the circuit.
The growing accessibility of fake products, specifically in the healthcare sector, is anticipated to affect the end-user market adversely. In order to protect the brand image and avoid the negative effects of fake drugs, pharmaceutical companies are increasingly adopting RFID technologies to enhance visibility across the value chain. This has assisted companies to increase operational efficiencies as well as in tracking their products.
Based on Product Type, the market is segmented into Tag and Reader. Based on Frequency, the market is segmented into High Frequency, Low Frequency and Ultrahigh Frequency. Based on Application, the market is segmented into Smart Cards and Smart Ticket & Others. Based on End User, the market is segmented into Logistics & Transportation, BFSI, Retail, Healthcare, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Zebra Technologies Corporation, NXP Semiconductors N.V., Honeywell International, Inc., Avery Dennison Corporation, CCL Industries, Inc. (Checkpoint Systems, Inc.), Impinj, Inc., Alien Technology, LLC, Applied Wireless Identifications Group, Inc., IDtronic GmbH, and Invengo Technology Pte. Ltd.
Scope of the Study
Market Segments covered in the Report:
By Product Type
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