RFID business is witnessed to be victim of the up and down nature of the market during past decade. Chipless RFID is an offshoot of RFID solution and is in the introduction stage, it is expected to have growth rate better than RFID with chip in near future. RFID has been commercialized in the U.S. market and has rapidly spread across the globe. From developed nations to developing nations, everyone is expecting to use chipless RFID. U.S. being pioneer for this technology is the largest contributor to the market. Whereas by observing the growth of Asian economies, Asia-Pacific is expected to have better rate and will hold the highest market share.
Chipless RFID is an advanced technology and is developed in order to reach the affordability level of the customers. Affordability (low cost), compatibility with the existing infrastructure and easy technology to manufacture as well as use are the major drivers of Chipless RFID. Chipless RFID is largely used in retail, supply chain, smart card application, apart from these applications it is also being used in aviation, public transit, healthcare and other sectors.
The revenue for the Chipless RFID market is expected to grow from $1087 million in 2011 to $3925 million by 2016 at an estimated CAGR of 29.3%. The chipless RFID tag market currently is estimated to be $18 million and is expected to reach $375 million, at an estimated CAGR of 83.5% from 2011 to 2016.
The agenda for the briefing includes discussion on key high growth markets, thereby marking the growth trend in Chipless RFID market. Furthermore, a briefing will be conducted on the competitive scenario and geographic trends and opportunities in the macro- and micro-markets with respect to North America, Europe, Asia-Pacific, and ROW.
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