Rapid increase in the technology to maintain stock of items, has bought about a significant revolution in terms of RFID technology applications. Market Research Future which concentrates on market reports linked to the Information and Communications Technology sector amongst others recently made available a report on this sector. The worldwide RFID printer sector is anticipated to achieve USD 4.82 billion approximately by the end of the year 2023 with a 4.90 CAGR per cent during the forecast period.
RFID printers have evolved significantly in recent times due to widespread usage of smart devices especially smartphones. The pace of technological breakthroughs have enabled more development in the market, which has prompted investors to invest significantly in the sector. The usage of these printers in various sectors such as hospitality and retail sector has increased the demand of these products to a great extent. Escalating level of focus on research and development for new technology and applications has led to further development of the market share of the industry.
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Major Key Players
Zebra Technologies Corporation,
SATO Holdings Corporation,
Honeywell International Inc.,
Toshiba Tec Corp.,
Avery Dennison Corporation,
Seiko Epson Corporation,
TSC Auto ID Technology Co., Ltd,
Wasp Barcode Technologies,
Postek Electronics Co., Ltd. and Godex International Co. Ltd. are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global RFID Printer Market.
The global RFID Printer Market is expected to reach approximately USD 4.82 billion by the end of 2023 with 4.90% CAGR during forecast period 2017-2023.
The RFID printer sector globally can be split into categories such as applications, printing technology, printer type and region. The printer type segment has divided the industry is into desktop printers, industrial printers and mobile printers. The printing technology market is divided into direct thermal, thermal transfer and inkjet. The applications that are covered by the RFID printer sector include retail, manufacturing, healthcare, government, transportation and logistics, entertainment and others. Geographically, the industry is divided into Europe, North America, Asia Pacific and Rest of the World. The regional segment is further divided into Canada, U.S., Japan, Mexico, Germany, UK, France, China and India.
Detailed Regional Analysis
Regionally, the Asia Pacific region controls a major market portion due to the markets in China, India and Japan among others. The region’s development is credited to the increasing demand, speedy economic growth and the appearance of a large and middle businesses. The robust economic development and swift urbanization has helped to grow the RFID printer market in the Asia Pacific market. Though, the Asia Pacific is estimated to grow admirably over the forecast period.
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- Packaging providers
- Retail Operators
- Mobile manufacturer
- Government Agencies
- Security Agencies
- End-user sectors
- Communication operators
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