Chipless Radio Frequency Identification Devices Market Current Trends by 2023

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 the transport & logistics sector
• Current advancements in nanotechnology
• Increasing retail applications 
• Increasing use of chipless radio frequency identification devices in the transport sector
• Adoption of chipless radio frequency identification devices for inventory control 

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.

Get Sample Copy of this Report @
https://www.millioninsights.com/industry-reports/chipless-radio-frequency-identification-rfid-devices-market/request-sample

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.

The market is divided by application type such as:

• Retail sector
• Healthcare industry
• Smart cards
• Aviation sector
• Logistics supply chain

Growing popularity of chipless radio frequency identification devices in retail sector segment is attributed to an increasing product penetration and technological advancement in retail sector.

The market is divided by region as:

• North America
• Europe
• Asia-Pacific
• Latin America
• Africa

North America has shown major growth in recent years owing to the rise in implementation of latest technologies in electronic sector, surge in number of research & development activities and existence of well-established infrastructure in the region. In European region, Germany, France, and United Kingdom are projected to witness steady growth.

Asia-Pacific region is estimated to hold a major share in the chipless radio frequency identification devices market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, rapid advancement in transport & logistics sector, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the chipless radio frequency identification devices market are:

• Alien Technology Corp.
• BASF SE
• Confidex Ltd.
• Impinj Corp.
• Inksure Technologies Inc.
• Intermec Inc.
• Kovio Inc.
• Molex Inc.
• Sato Vicinity Pty., Ltd.
• Zebra Technologies Corp.

Browse Related Category Market Reports @
https://industriesstudyreport.wordpress.com/blog/