Chipless RFID Market to Observe Strong Development by 2027
Allied Market Research, titled, “ Chipless RFID Market Size by Product Type, Frequency, Application, and End User: Opportunity Analysis and Industry Forecast, 2020–2027 ”, the global Chipless RFID industry size was valued at $903.3 million in 2019, and is projected to reach $4,744.0 million by 2027, registering a CAGR of 23.1%. Asia-Pacific region is expected to be the leading contributor to the global Chipless RFID market during the forecast period, followed by Europe and North America. A Chipless RFID system is equipped with a planar encoder (characteristically a printed pattern containing the ID code) & an antenna for communication with the reader. Due to low-cost conductive inks, the cost of the tag can be significantly reduced. The chipless RFID system has benefits over conventional sensors due to its lower radiated power, lower cost, robustness, and longer storage life. Alternatively, chipless RFID system provides identification data & monitors several physical par...