RnRMarketResearch.com adds Global Chipless RFID Market 2016-2020 latest research report, the analysts forecast global chipless RFID market to grow at a CAGR of 29.33% during the period 2016-2020.
Complete report on chipless RFID market is now available at http://www.rnrmarketresearch.com/global-chipless-rfid-market-2016-2020-market-report.html
According to the chipless RFID market report, asset tracking is the process of tracking a physical asset and collecting information on its usage and whereabouts, while an inventory management system keeps track of stocked goods in order to plan further production. Both systems are an integral part of the supply chain. Chipless RFID keeps track of all products and lets the manufacturer know if any product is out of stock. It is also used in the healthcare sector, especially in hospitals. Chipless RFID helps the management keep track of medical equipment.
The global chipless RFID market analyst said RFID devices can be integrated with other technologies such as Wi-Fi and real-time locating systems (RTLS). Those manufacturers who require efficient inventory management systems demand highly advanced RFID devices. Technically advanced RFID semiconductor devices are being developed keeping in mind the specific needs of customers. These technological advances have led to increased adoption of RFID devices in retail and logistics applications.
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RFID tags without a silicon microchip are called chipless RFIDs. This technology is embedded in products or goods to help track and replenish inventory, and retrieve information on products when required. Chipless RFIDs are easy and cheap to manufacture compared to conventional RFIDs. The majority of the RFID market is dominated by passive tags, which do not require batteries.
Global Chipless RFID Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. This report covers the present scenario and the growth prospects of the global chipless RFID market for the period 2016-2020. To calculate the market size, the report considers revenue generated from the sales of chipless RFIDs to the following segments:
Transport and logistics
The Chipless RFID market is divided into the following segments based on geography: Americas, APAC and EMEA
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Key players in the global Chipless RFID market: Alien Technology, Thin Film Electronics, SATO VICINITY, and Zebra Technologies.
Other prominent vendors in the market are: Acreo Swedish ICT, BASF, Confidex, Impinj, Intermec, RFID4U, RR Donnelley, Soligie, Toppan Printing, and Vubiq.
Further, the report states that the data security issues are a major challenge for manufacturers, as they negatively affect the market for RFIDs.
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