The Latin America, Middle East and Africa Chipless RFID Market would witness market growth of 27.9% CAGR during the forecast period (2020-2026). Chipless RFID is considered as an innovative and emerging wireless technology for tracking, sensing, and identification. The reader has to do all signal processing to read the tag as a chipless RFID tag does not contain an application particular integrated circuit (ASIC). Chipless RFID tags are regarded as low-priced passive microwave/millimetre wave circuits where the data is gathered in printable resonators and delay lines and specifically installed in flexible substrates like polymers and papers such as optical barcodes.
There has been a surge in the counterfeiting of drugs due to the lack of legal protection & technology to recognize authentic drugs and the absence of vigilance & advocacy by healthcare providers. As the process of counterfeiting drugs cannot be stopped with the use of conventional RFID with barcode technology, the R&D departments of various healthcare sectors are investing their efforts to manufacture RFID devices, which are less expensive and could be utilized to fight against this global issues in the healthcare industry.
Chipless Radio Frequency Identification (RFID) has gained considerable traction because it is among the most innovative and emerging technologies. The technology is anticipated to substitute the optical barcode due to its high capacity of data carrying, flexibility in application, and working in the next few years. Chipless tags are commonly considered as RFID rags that do not contain a silicon chip. RFID systems find potential applications in areas such as transportation, healthcare, supply chain, manufacturing, and logistics.
Based on Product Type, the market is segmented into Tag and Reader. Based on Frequency, the market is segmented into High Frequency, Low Frequency and Ultrahigh Frequency. Based on Application, the market is segmented into Smart Cards and Smart Ticket & Others. Based on End User, the market is segmented into Logistics & Transportation, BFSI, Retail, Healthcare, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: Chipless RFID Market in LAMEA is expected to register a CAGR of 27.9% during the forecast period (2020-2026)
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Zebra Technologies Corporation, NXP Semiconductors N.V., Honeywell International, Inc., Avery Dennison Corporation, CCL Industries, Inc. (Checkpoint Systems, Inc.), Impinj, Inc., Alien Technology, LLC, Applied Wireless Identifications Group, Inc., IDtronic GmbH, and Invengo Technology Pte. Ltd.
By Product Type
By Frequency
By Application
By End User
By Country
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