Global RFID Printer Market
Global RFID Printer Market
According to MRFR analysis, the Global RFID Printer Market is anticipated to reach USD 5,804.9 Million by 2026 with a CAGR of 5.65% during the review period, 2020–2026. An RFID printer generates RFID smart labels that use radio frequency technology to transmit data through user systems. The specific digital functionality is added to the printing documents by embedding the RFID labels into a different types of print formats. RFID labels have gotten a norm for various applications across ventures. Explicit printers are utilized to make these labels and labels which help in saving time and labor for stock administration.
The global RFID market is expected to register the highest market during the review period with a market value of USD 3,993.6 Million in 2019. The global market growth is attributed to the rapidly growing digitization, adoption of a secure mode of transportation, and increasing use of industrial printers. The RFID labels are imprinted in various sizes and are especially utilized for printing labels and name containers with Universal Product Codes or European Article Numbers before the item ships. Different industry verticals face expanded interest for high versatility, far-off printing abilities, and a portable labor force. The development of the web-based business industry and the need for development in stock administration are factors adding to the development of the worldwide RFID printer market. The quick speed of digitalization has colossally enlarged the extension for RFID printers.
The global RFID printer market has been segmented based on Type, Price Range, Printing Technology, Frequency, and Application.
Based on type, the Global RFID Printer Market has been classified into industrial printers, desktop printers, mobile printers.
In terms of Price Range, the global market has been classified into UP TO USD 2,000, USD 2,001–USD 4,000, and ABOVE USD 4,001. Based on the Printing Technology segment the global RFID segment market has been segmented into Thermal Transfer, Direct Thermal, Inkjet. By Frequency type, the market has been divided into Low Frequency (LF), High Frequency (HF), Ultra-High Frequency (UHF). Based on Application, the market is categorized into Manufacturing, Retail, Transportation & Logistics, Healthcare, Government, Entertainment, Others.
Geographically, the Global RFID Printer Market has been divided into North America, Europe, Asia-Pacific, the rest of the world.
Asia-Pacific is likely to drive the global market during the review period owing to the largest market value of USD 1,310.3 million in 2018. The regional market is expected to register a CAGR of 6.70% during the review period. North America is anticipated to drive the second-largest market of the global RFID market owing to the market value of USD 1,154.5 million in 2018. The region is expected to exhibit a CAGR of 5.75% during the review period.
The Companies Covered of the Global RFID Printer Market include Zebra Technologies Corporation, Sato Holdings Corporation, Honeywell International Inc., Toshiba Corp., Avery Dennison Corporation, Seiko Epson Corporation, TSC Auto ID Technology Co., Ltd, Dascom, Postek Electronics Co., Ltd, GODEX International Co. Ltd., OKI Data Americas, Inc., PRINTRONIX AUTO ID, ID Technology, LLC, and Miles Data Technologies, among others.
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