Complexity of Supply Chains & Ensuing Need for Inventory Visibility Drives the Chipless RFID Tags Market, According to New Report by Global Industry Analysts, Inc.

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GIA announces the release of a comprehensive global report on Chipless RFID Tags markets. Global market for Chipless RFID Tags is projected to reach 156.4 billion pieces by the year 2017. Growth will be primarily driven by cost reduction and higher automation needs in the field of supply chain management, increased government support for RFID technologies in the field of ID and access control, and rising need for asset/equipment tracking in the manufacturing, freight, and transportation services sector. Growth will also be driven by fast paced deployments of RFID projects in developing Asian countries, particularly China.

Chipless RFID Tags: A Global Strategic Business Report

Follow us on LinkedIn – Radio frequency identification (RFID) technology holds immense potential for businesses engaged in production, transportation, and retailing of products. Superior production efficiency, inventory updates in real-time, shipping and importing economies, greater product security and curbing of counterfeit products are among the numerous advantages of using RFID. It is due to these and other benefits such as declining tag prices, greater end-user responsiveness and technological advancements that RFID is gaining widespread acceptance among various businesses for a wide range of applications.

Over the last few years, the cost of the cheapest of RFID tags fell to less than US$1.0, which is likely to further go down in the near future. The dwindling prices will help boost widespread adoption of item level tagging. The steep decline in the cost of RFID tags is palpable by its mass production for widespread usage in tracking pets and livestock, minute components in car assembly plants, and luggage at transit points. Continuously falling costs of chipless tags, which are typically less expensive to manufacture than chip tags, will help expand the application areas of chipless RFID tags. Chipless tag technology will continue to generate increased interest due to its ability to offer capabilities similar to that of RFID technology, albeit at lower costs. Lower prices are poised to translate into increased item level tagging of various products thus maximizing growth opportunity in this space with potential to generate demand for millions of tags on an annual basis.

Another major driving factor for the chipless tag technology is the development of standards and guidelines, which will aid in minimizing interoperability issues between the infrastructure and vendors and lower the amount of time, funds and resources invested by end-users in addressing such issues. Though chipless tags technology is expected to register considerable growth, in terms of applications as well as functionality, the pace of growth is subject to end-users’ ability to gain greater awareness about their business needs prior to the technology’s adoption. For ensuring low cost in high volume applications, tags need to be directly printed onto the products or packaging, as in case of the widely used barcodes. The trend towards direct printing of tags is expected to gain momentum through 2020. Thin Film Transistor Circuits (TFTCs), Surface Acoustic Waves (SAW), conductive ink stripes and printed radar arrays are some of the enabling technologies forecast to witness increased R&D activity. Continuous investment in R&D is also expected to generate new opportunities in new and existing application areas. Improvements in tag design, production processes, accuracy and readability range, resistance to environmental elements such as, adverse climatic conditions, exposure to liquids, metals etc, are all forecast to drive incremental gains in the marketplace.

In the upcoming years, robust end-user demand in identity card, passport, financial cards, military, and in animal tagging, among others, are poised to drive gains in the marketplace. Currently however, with the national debt in the United States reaching a symbolic high, almost equaling the value of goods and services produced in the economy and with the ongoing European debt crisis continuing to grow unresolved, consumers and companies will continue to feel the economic pressure even into the future. With widening deficits comes higher taxes and the accompanying spending pressures, increase in funding costs and fiscal pain that lies in the future ahead for the corporate sector, is bringing minimization of risks, lower upfront investments, improved project manageability and superior ROI as primary focus areas for companies. While aggressive spending is not seen as likely, companies are forecast to strategically and tactically channelize their resources into building an RFID solution and infrastructure on a piece meal basis. Smaller projects with faster ROI will witness rapid adoption, while expansion into larger applications will depend upon the outcome of the smaller project ventures. The strategy will therefore revolve around the ability to mesh and dovetail each RFID project into a cohesive whole, to finally realize slated goals of constructing real-time information platform by implementing an enterprise-wide RFID platform for data collection.

As stated by the new market research report on Chipless RFID Tags, Asia-Pacific represents the largest market worldwide in terms of dollar sales. In terms of volume, the region is forecast to emerge into the fastest growing market with a projected CAGR of 214.5% over the analysis period.

Major players in the marketplace include Acreo AB, BASF SE, Dai Nippon Printing Co., Ltd., Kovio Inc., PolyIC GmbH & Co., KG, RFSAW Inc., Soligie Inc., Toppan Forms Co., Ltd., VTT Technical Research Center of Finland, and Vubiq Inc.

The research report titled “Chipless RFID Tags: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a strategic review of industry, key market trends, recent strategic corporate initiatives, and profiles of key market participants. The report provides market estimates and projections in value and volume for the geographic markets, such as, US, Canada, Japan, Europe, Asia-Pacific, Middle East & Africa, and Latin America.

For more details about this comprehensive market research report, please visit –
http://www.strategyr.com/Chipless_RFID_Tags_Market_Report.asp

About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.

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Global Industry Analysts, Inc.
Telephone: 408-528-9966
Fax: 408-528-9977
Email: press(at)StrategyR(dot)com
Web Site: http://www.StrategyR.com/

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