Printed And Chipless RFID Market Worth $15.3 Billion By 2022

· RFID (radio-frequency identification) makes use of electromagnetic fields for identifying and tracking tags attached to various objects. The technology has found widespread use in the retail sector, as it offers organizations a way to manage their stock, equipment and tools without the requirement of manual data entry. The growth of the retail and logistics sector exponentially over the past decade has necessitated efficient inventory and stock management for major retail and e-commerce companies, which has led to the high demand for the printed and chipless RFID market.

· Simplified manufacturing process coupled with a decrease in the manufacturing time is expected to aid in the growth of the printed and chipless RFID market in the coming years. Moreover, compatibility with the current infrastructure has resulted in avoiding additional costs for new system installation. The cost of each basic passive RFID tag that can be used for paper, liquid and non-metal materials is USD 0.1, while active RFID tags, which are completely automated, cost USD 15 to 20 apiece. These costs can be expected to come down in the near future, which will have a positive impact on their industrial applications.

· The use of chipless RFID has increased substantially in the pharmaceutical industry, as it is replacing the previous chip-based tags on account of the latter’s high unit prices. RFID tags can be used for tracking the entire value chain of pharmaceutical products, as a means to combat drug counterfeiting that has spread its wings globally. According to the WHO, 1 out of 10 medical products in developing or emerging economies is substandard or falsified, and with these countries bearing the brunt of illnesses such as malaria and pneumonia, it has become critical that pharmaceutical drugs of standard quality are supplied to these regions. This has directly affected the market for printed and chipless RFID tags.

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· RFID tags have found large scale implementation in the automotive sector, as well as the transportation and logistics industry. With respect to automotive industry, these tags are able to track and monitor even the tiniest components. Other important benefits of RFID asset management include increased equipment and tool utilization, theft prevention, cost savings, and easy tracking and restocking to prevent shortages. With regards to transportation, this technology has found rapid acceptance in the Intelligent Transportation System setup.

· Emerging economies such as India stand to greatly benefit from using RFID tags as a means to ease commuter woes due to excessive congestion on roads, along with tagging ambulances for priority as well as tracking stolen vehicles. A study by the Indian Institute of Management revealed that India faces losses of up to 900 billion Rupees per year due to traffic congestion and unpredictable delays in road travel. The presence of an intelligent traffic control system through a combination of Wireless networks and wireless sensors, GSM, IoT-based systems and RFID tags will be influential in improving the infrastructure of the major Indian cities.

· Globally, RFIDs have been integrated into the public transport system, providing convenience to regular passengers. This has been possible through the extension of RFID technology in the form of NFC (Near Field Communication). An example of this is Oystercard, which is used in the underground and bus network of London. This system offers both pay-as-you-go and season ticket models to travelers, and is being expanded to include cashless payments within shops.

· Region-wise, North America is anticipated to lead the printed and chipless RFID market in the near future, on account of the technological advancements in countries like the US and Canada, along with the strong logistics and retail industry in the region. Moreover, the public transport system is also highly advanced, with individual regions having their own transit fare payment systems; for example, the San Francisco Bay Area uses the Clipper Card, which is based on NFC technology (an advancement of RFID). The presence of a strong pharma sector in the region has also directly influenced market growth in the region. The US Department of Defense (DOD) and Food and Drugs Association (FDA) encourage use of RFID technology for efficient supply chain management, which is also expected to spur market growth for printed and chipless RFID technology in the coming years.

Recent Developments

· In May 2020, Zebra Technologies announced that Maikubo Artificial Intelligence (AI) Academy has adopted their RFID solutions to achieve faster, more accurate asset tagging and management of its training equipment. This has helped in saving staff time, while also improving accuracy and visibility along with enhanced staff efficiency. Such partnerships are expected to provide strength to the development of the printed and chipless RFID market.

· In February 2020, Impinj Inc. introduced the Impinj R700 reader, which has been designed for enterprise-grade RAIN deployments. notable features of the reader include support for large-scale system deployments through the presence of one-wire antenna connectivity that can support up to 32 antennas; presence of integrated, standardized connectors; and secure and upgradable Linux OS.

· In April 2019, Alien Technology launched the Higgs-9 IC, the first release of its next-generation of Higgs RFID semiconductor IC. Higgs-9 enables enterprise-critical applications to run faster, smarter and with quicker ROI in RFID deployments. The IC was first introduced in the ALN-9954 “G” (used in high-speed toll and access control), ALN-9940 “Squiggle” (used for general-purpose item/asset tracking on a variety of surfaces) and ALN-9962 “Short” (used for government-issued ID cards, personnel badges) tags.