The global printed and chipless RFID market is estimated to grow at a significant CAGR of 27.5% during the forecast period. The major factor that is contributing to the growth of the market including the growing demand for various industry such as retail, transportation and others. RFID enables wireless data collection by readers from electronic tags attached to or embedded in objects, for identification and other purposes. RFID systems include software, network and database components that allow information to flow from tags to the organization’s information infrastructure where it is processed and stored, and systems are application-specific. Technological developments are focusing on increasing real-time information of business processes, improved business performance and improved security and privacy that further provide ample opportunity to the market.   

 Segmental Outlook  

The global printed and chipless RFID market is classified on the basis of type and end-user industry. Based on type the market is classified into RFID tag, RFID readers, and RFID middleware. The RFID tag segment is projected to have significant growth in the market owing to the increasing demand RFID tags due to its availability in affordable cost. On the basis of end-user industry, the market is segregated into retail, transportation and logistics, healthcare, BFSI, and others (Aviation). The transportation & logistics segment is projected to have a significant growth in the printed and chipless RFID industry due to the high application of RFID readers and tags for logistics services.   

Global Printed and Chipless RFID Market Share by Application, 2018(%)

Global Printed and Chipless RFID market to be driven by the ADAS application

The ADAS application segment is projected to have significant growth in the global market during the forecast period owing to the increasing demand for ADAS in the automotive industry. With the incorporation of AI in automotive, self-driving or autonomous technology have advanced seemingly well. For instance, VisLab Intercontinental Autonomous Challenge, a 13,000 km trip for nearly three months that took place from Italy to China, is regarded as one of the major competitions which led to enhancement in the testing of self-driven vehicles which consequently assisted the market. the majority of the car manufacturing companies such as Audi, BMW are actively adopting AI in their autonomous driving efforts to keep up with the on-going trends. For instance, Audi is testing an AI-based system that employs smart cameras with image recognition software to test and identify tiny cracks in sheet metal that further augment the Printed and Chipless RFID market. 

Regional Outlook 

Geographically, the global Printed and Chipless RFID market is further classified into North America, Europe, Asia-Pacific and Rest of the World. Asia-Pacific is estimated to have a considerable share in the global market due to the increasing adoption of advanced electronics components such as a digital camera in the automotive sector, growing preference towards safety vehicles in the region.  

Global Printed and Chipless RFID Market Growth, by Region 2019-2025

North America has a considerable share in the global Printed and Chipless RFID market

Geographically, North America is projected to have a significant market share in the global market due to the strict guidelines of safety in the vehicles and the growing adoption of autonomous cars in the region. Further, national initiatives to promote self-driven cars are driving the demand for advanced camera technologies automotive. The US has developed a number of smart car-related policies to promote the integration of intelligent vehicles and existing transportation systems. For instance, the US Transportation Secretary announced that they will render the test and application of automated driving in the capital and give $4 billion support in the next 10 years. At the same time, they will exempt the entire automotive industry, 2500 intelligent vehicles that comply with the relevant provisions of the existing traffic safety within two years.

Market Players Outlook

The key players in the Printed and Chipless RFID market contributing significantly by providing advanced technology-based products and increasing their geographical presence across the globe. The key players in the market include Aptiv PLC, Continental AG, DENSO Corp., Intel Corp. (MobileEye), Robert Bosch GmbH, Ambarella Inc., Clarion Co., Ltd, FICOSA Group, FLIR Systems, Inc., Hitachi, Ltd., OmniVision Technologies, Inc., Samsung Electronics Co., Ltd., among others. These market players adopt various strategies such as government contracts, product launch, partnerships, collaborations, mergers, and acquisitions to sustain a strong position in the market. For instance, in June 2019, Hitachi, Ltd. announced the collaboration with Suzuki Motor Corp. to provide its stereo camera for Suzuki’s EVERY light commercial vehicle and Every WAGON light passenger vehicle. With this contract, the company will enable to increase their revenue and sustain a significant position in the market.  

The Report Covers

• Market value data analysis of 2018 and forecast to 2025.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global Printed and Chipless RFID market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying ‘who-stands-where’ in the market.