Global chipless RFID market to grow at a CAGR of 29.33%

A new research study says global chipless RFID market is to grow at a CAGR of 29.33% during the period 2016-2020. RFID tags without a silicon microchip are called chipless RFIDs. This technology is embedded in products or goods to help track and replenish inventory, and retrieve information on products when required. Chipless RFIDs are easy and cheap to manufacture compared to conventional RFIDs. The majority of the RFID market is dominated by passive tags, which do not require batteries.