Chipless RFID tags were developed fairly recently to offer customers affordability and thus, grow the RFID market. These chipless RFID tags are simple to manufacture, decreasing the amount of time it takes to produce them. In addition, chipless RFID tags are compatible with existing infrastructures, saving a lot of time, money and effort in installing a new system.
Because of their reduced cost and ease of implementation, chipless RFID tags have seen high growth recently. Since they produce almost equal efficiency at a lower cost, the increasing demand for chipless RFID has been seen across a variety of different verticals such as asset tracking, anti-counterfeiting, public transit and retail.
Global revenue generated in the chipless RFID market is expected to reach $3,925 million by 2016, up from $1087 million in 2011.
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