Printed and Chipless RFID Market to Surpass USD 32.21 Billion by 2032 at 21.37% CAGR

The Printed and Chipless RFID market was valued at USD 5.66 billion in 2023 and is expected to grow to USD 32.21 billion by 2032, at a CAGR of 21.37% over the forecast period of 2024-2032.

Emerging low-cost and high-performance printed electronics technologies are driving the growth of the printed and Chipless RFID market as smart labeling, inventory management, and asset tracking for warehouse applications are gaining traction in various sectors. Adoption drivers include lower production costs, compact sizes, and increased scalability.

In addition to this, increasing demand for RFID-supported applications, driven by Internet of Things (IoT) applications, e-commerce growth is expected to spur the adoption of RFID solutions, creating a more efficient supply chain and tracking system.

In 2023, TFTC technology led the market, as it delivers optimum performance through high precision and durability to meet the growing need for high-end applications. TFTC RFID has high sensitivity, environmental stability, and reliability; therefore, it is ideal for applications in the retail, logistics, and health sectors. It can integrate seamlessly with a broad spectrum of products, which has also helped it to solidify its market share and dominate the market.

SAW technology is expected to experience the fastest compound annual growth rate (CAGR) from 2024 to 2032. It attributes this growth to its capability to have long-range coverage, data delivery with high accuracy, wide operational range, and absorption of high temperature, heat, and humidity in worst operational environments. SAW RFID is being used in applications requiring longer, more durable range and performance, such as inventory tracking, asset management, and vehicle identification.