Albany, NY -- (SBWIRE) -- 03/06/2019 -- The RFID tags segment was valued at more than US$ 100 Mn in 2015 and is expected to be valued in excess of US$ 1500 Mn by the end of 2024. Revenue generated from the RFID tags segment is expected to expand at a CAGR of 31.4% over the forecast period. The RFID tags segment is projected to create incremental opportunity of more than US$ 1,000 Mn between 2015 and 2024. In terms of revenue, this segment is projected to be the most attractive segment in the global chipless RFID market during the forecast period.

Overview of Chipless RFID Market: The US$ 477.7 Million chipless RFID market is estimated to reach US$ 3,058.2 Million by 2024-end, reflecting a robust CAGR of 26.1% during the forecast period (2016-2024).

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Global Chipless RFID Market: Key Stakeholders

US-based chipless RFID manufacturers will continue their dominance with companies such as Xerox Corporation and Zebra technologies leading the pack on a global level. PMR's analysis reveals that strategic partnerships amongst players will remain a key trend throughout the forecast period in order to penetrate narrower channels of the market. Thin Film Electronics ASA, Spectra System, Tag Sense, Politronica, and Molex are some of the other companies who have significantly increased their footprints in the global chipless RFID market in recent years.

Chipless RFID Market Top Key Competitors covered, with production, price, revenue (value):

- Zebra Technologies Corporation
- Xerox Corporation
- Thin Film Electronics ASA
- Spectra Systems
- Smiths Detection
- Tag Sense Inc.
- Politronica Inkjet Printing S.r.l.
- Molex Inc.
- Others

Based on Product Type, Chipless RFID market report displays the manufacture, profits, value, and market segment and growth rate of each type, covers:

By Component Type

- RFID Tags
- RFID Readers
- RFID Middleware

By Industry Type

- Retail and Consumer Goods
- Logistics and Manufacturing
- Healthcare
- Government
- Aerospace and Defense
- Others

Report structure: This report evaluates the present scenario and future growth prospects of the chipless RFID market across various regions globally for the period 2016 –2024. The analysts have considered 2015 as the base year and provided data for the trailing 12 months. Chipless RFID has the ability to provide new applications to retail, healthcare, logistics, manufacturing and other sectors, which are restricted by deployment and management of data recorded in thousands of tags.

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Key Highlights of the Chipless RFID Market Report:

- Get up to date information available on the Chipless RFID market globally.

- Identify growth segments and opportunities for investment. Benchmark performance against key competitors.

- The key details related to Chipless RFID Market like the product definition, cost, variety of applications, demand and supply statistics are covered in this report.

- The research of emerging Chipless RFID Market segments and the existing market segments will help the investors or new business entrants in planning the business strategies (Develop strategies based on likely future developments.).

- Facilitate decision making on the basis of historic and forecast data and the drivers and restraints on the market.

- Gain a global perspective on the development of the Chipless RFID market.

And Many Other….

As previously highlighted, the global chipless RFID market is split into a number of segments. All segments based on component type and industry and across different regions are analyzed in terms of basis point share to understand individual segments' relative contribution to market growth. This detailed level of information is important for identification of various key trends of the global chipless RFID market.

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