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Global Chipless RFID Tags Market to Reach $2.0 Billion by 2017, According to a New Report by Global Industry Analysts, Inc.

GIA announces the release of a comprehensive global report on the Chipless RFID Tags markets.

The global market for Chipless RFID Tags is projected to reach US$2.0 billion by the year 2017, driven by the growing need for efficient management of logistics and supply chain operations.

The market holds enormous promise in applications requiring low-cost tagging of objects or items.

Chipless tag technology, although relatively new, is finding increased acceptance owing to its ability to offer functions similar to that of RFID at a relatively lower cost. The technology also holds enormous promise due to its ability to offer RFID features such as track and trace, without the need for real-time and line-of-sight technology.

Despite the enormous promise, chipless RFID tags are unlikely to comprehensively replace chip RFID in the near future. The scenario more likely favors the co-existence of RFID and chipless tags, replicating the successful co-existence of RFID and UPC bar codes, in the process providing end-users with the best-possible solution.

Lack of adequate awareness about the potential benefits offered by RFID and chipless tag technologies and the absence of standards are hampering growth in the market.

The United States and Europe account for a major share of the volume sales in the global chipless RFID tags market, as stated by the new market research report on Chipless RFID Tags. In terms of value, Europe and Asia-Pacific markets offer the maximum growth opportunities.

Chipless tags are expected to find increased adoption in applications, wherein the overall product value and level of functionality required is relatively low owing to the tags’ low memory capacity and lower cost.

The tags are appropriate for applications involving basic track and trace functions utilized in either standalone or closed loop systems. Small and mid-sized businesses, in particular, are likely to actively adopt chipless tags due to the higher level of concern placed on cost.

Further, the relatively lower emphasis on standards, when compared to the need for offering Universal Product Code (UPC) or other similar tracking systems, is also likely to foster the deployment of chipless tags in small and mid-sized businesses.

Potential opportunities for chipless tags also exist in niche markets such as the pharmaceutical industry due to the tag’s ability to endure gamma sterilization. Item level tagging of various products is expected to offer the maximum growth opportunity for RFID technology.

The widespread application of the technology however requires substantial reduction of tag cost to about 0.1 cent, a feat that is possible only through the use of chipless and printed RFID technologies.

Another requirement for item level tagging is the ability to directly print the tag onto the item or the package, for which printed and chipless RFIDs are expected to find favor amongst market participants.

As printed and chipless RFID do not consist of a microchip, the cost is significantly reduced in comparison to the chip RFIDs.

In view of the potential opportunities in the ultra-low cost RFID tags, few leading RFID suppliers, as well as printers, electronics and materials companies, and packagers are making efforts in developing commercial alternatives.

Major players profiled in the report include Acreo AB, BASF SE, Dai Nippon Printing Co., Ltd., International Business Machines Corporation, InkSure Technologies Inc., Kovio Inc., PolyIC GmbH & Co. KG, RFSAW Inc., Soligie Inc., Toppan Forms Co., Ltd., VTT Technical Research Center of Finland, and Vubiq Inc.

Source: http://www.americanbankingnews.com




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