5 Key Insights on US$ 6 Bn Opportunity in Global Chipless Radio Frequency Identification Market: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Driven by the need for high accuracy and cost-effective features in banking, healthcare, retail, logistic industries, and other sectors, the Global Chipless Radio Frequency Identification Market is Forecasted to reach ~US$ 6 Bn by 2028 says Ken Research Study. A Chipless RFID is a form of RFID tag that transmits data using radiofrequency (RF) radiation. A chipless RFID tag does not contain an application-specific integrated circuit (ASIC), hence the reader performs all signal processing to read the tags. It uses conductive polymers or plastic as an alternative to integrated circuits made from silicon. Chipless Radio Frequency Identification (RFID) is used for access controls, automatic identifications, security and surveillance, tracking, database management, logistics, and inventory control in various industries like retail, healthcare, logistics, and transport among others. 1. Specialized Needs in Industries for Access Control, Identification, Security & Tracking, and Inventory Control have Created a Demand for Chipless RFID The major applications of Chipless RFID tags are item-level tagging, product tracking, and surveillance. These are widely utilized for high-volume secure documents, smart ticketing, anti-counterfeiting, and asset tracking in various industries like retail, logistic & transport, healthcare sector, and other sectors. According to Ken Research estimates, the Global Chipless Radio Frequency Identification Market –valued at ~US$ 1 Bn in 2017, is estimated to reach ~US$ 2 Bn in 2022 – and is expected to showcase ~US$ 6 Bn opportunity by 2028. Ken Research shares 5 key insights on market from its latest research study. 2. High Demand for Chipless RFID from Pharma Industry, Companies Witnessed Exponential Growths Due to the lack of vigilance by healthcare service providers, there is an increase in drug counterfeiting. As traditional RFID with barcode technology is unable to prevent counterfeiting drugs, the healthcare sector is utilizing the need for chipless RFID devices to prevent such incidents. In April 2019, Avery Dennison Corporation, a designer and manufacturer of a wide variety of labeling and functional materials, collaborated with Kit Check, for the implementation of RFID technology for big pharma manufacturers. This collaboration helped pharmaceutical companies to build their medication labels, enabling the tracking of each product from the point of manufacture to the point of final delivery. According to Pharmaceutical Security Institute, there were 4344 pharmaceutical crime incidents, especially counterfeiting in the year 2020, which increased to 5987 cases in 2021. By using chipless RFID tags, it now becomes easy for pharma companies to track the products and prevent counterfeiting. 3. Information Breach Causing a Slight Slowdown in the Chipless RFID Demand Despite all of its benefits, chipless radio frequency identification has an increased risk of a data breach as it lacks a locking system or security passcode. Owing to the risk of data breaches involving the use of medications and their composition, many businesses in the healthcare and other sectors avoid using chipless RFID tags for asset tracking. These factors are expected to hamper its acceptance by end-users and consequently limit the growth of the market. Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk1OTk4 In the USA, the annual number of data compromised in 2019 was 1279 million which reached almost 1862 million in 2021. This humongous number is a major concern for various industries in protecting their data. 4. Ultra-High Frequency Segment Observes a Wide Usage in Electronic Toll Collection and Parking Access Control The Ultra high-frequency segment dominated the Global Chipless Radio Frequency Identification Market in 2021 and is estimated to continue being the dominant segment during the forecast period. These are widely used in electronic toll collection and parking access control for seamless flow of traffic, which contribute to the demand for ultra-high-frequency radio active identification tags. According to the National Payments Corporation of India (NPCI), in India, toll collection in slow lanes using FASTag in January 2019 was US$ 65 Mn, and in November 2019, this figure reached US$ 98 Mn. FASTag is an e-toll collection device that uses ultra-high frequency RFID technology. 5. Advanced Pharma, Transportation, and Retail Sector helps in North America’s Dominance; the Asia Pacific shows the Fastest Growth Rate North American companies are highly investing in moving toward implementing automated item identification systems for supply chain management to improve the efficacy of inventory allocation. Secondly, the growing demand for RFID technology in the healthcare sector is propelling the growth of the market in this region. Asia Pacific region has a larger population and is witnessing advancements in healthcare, retail, and manufacturing sectors, along with the adoption of new technologies. Countries such as Japan, South Korea, China, India, Australia, New Zealand, and ASEAN are showing interest in the advanced/chipless RFID technology, as it is affordable and derives benefits in the long term. RFID technology is largely adopted by the healthcare industry players in Japan. China is using RFID labels in the logistics sector to improve its production network in the country. These factors boost the growth of the chipless radio frequency identification market in the Asia Pacific Region. In April 2018, Tencent demonstrated the operation of an unmanned retail store in China, wherein the customer can easily select the product and exit the store without waiting in the billing queue. The RFID chip scans the associated product and sends the bill to the customer’s WeChat pay application. For more information on the research report, refer to the below link:- Global Chipless Radio Frequency Identification Market Contact Us: – Ken Research Ankur Gupta, Head Marketing & Communications Support@kenresearch.com +91-9015378249 Tags: Africa Chipless RFID Market, Alien Technology Chipless RFID Tags Sales, Asia Pacific Chipless RFID Market, Avery Dennison Chipless RFID Market Revenue, Checkpoint Systems Chipless RFID Readers Market, Chipless Radio Frequency Identifications Industry, Chipless Radio Frequency Identifications Market, Chipless RFID Industry Outlook, Chipless RFID Plastic Material Suppliers, Chipless RFID Raw Material Suppliers, Competitors in the Chipless RFID Industry, Emerging Companies in Chipless RFID Market, Europe Chipless RFID Market, Global Chipless RFID Applications, Global Chipless RFID Demand, Global Chipless RFID Device Market, Global Chipless RFID Distributors, Global Chipless RFID End Users, Global Chipless RFID Industry, Global Chipless RFID Manufacturer, Global Chipless RFID Market, Global Chipless RFID Middleware Market, Global Chipless RFID Reader Market, Global Chipless RFID Sector, Global Chipless RFID Smart Card Market, Global Chipless RFID Smart Ticket Market, Global Chipless RFID Tag Market, Global RFID Handheld Reader Market, Global RFID Reader Software Companies, Healthcare Chipless RFID Suppliers, High-Frequency Chipless RFID Market, Honeywell Chipless RFID Market Share, Impinj Inc RAIN RFID Market Sales, Investors in Chipless RFID Tag Market, Large global players in Chipless RFID Market Adoption Factors Chipless RFID Market, Latin America Chipless RFID Market, Leading Players in the Chipless RFID Market, Major Companies in the Chipless RFID Market, Middle East Chipless RFID Market, North America Chipless RFID Market, Private Equity Firms share in Chipless RFID Market, Top Chipless RFID Manufacturing Companies, Top Leading Companies in Chipless RFID Industry, Ultra-High Frequency Chipless RFID Market, venture capitalists in Chipless RFID Market, Zebra Technologies RFID Reader Software Market