Market Overview:
RFID Printer are smart label printers consist of a labeling components embedded with a chip and antenna. This device is device used to write data to a RFID tag and also print any graphics, barcodes and text onto the label as well. UHF, HF, LF are all able to run through an RFID printer. These printers can print about 20 labels per minute depending on its print speed and label size.
Growing retail and transportation infrastructure industry in developed as well as developing regions increases the demand of RFID printers continuously. In addition, fast adoption of technology in retail, transportation, healthcare industry in North America drive the demand RFID printer market. RFID printers are also used in different industries like manufacturing, retail, transportation and logistics, healthcare, government, entertainment among others. Furthermore, booming electronic industry and its sell through e-commerce is expected to boost the growth of the RFID printer market over the forecast period, 2017-2023.
On the basis of printer type, the market can be segmented into industrial printers, desktop printers and mobile printers. Out of these, industrial printer accounted for the largest market share majorly due to industrial applications such as inventory organization, lab sample tracking, order picking / packing, reverse logistics, compliance labeling, information labels, medical record labeling, etc. Growing manufacturing and healthcare industry in Asia Pacific is expected to drive the RFID printer market in coming years.
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Competitive Players
The key players in the global RFID Printer market include- 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, Dascom, Postek Electronics Co., Ltd. and Godex International Co. Ltd. among others.
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 global RFID printer market segmented into four main regions such as North America, Asia-Pacific, Europe and Rest of the World. Asia Pacific region hold the largest share of the total RFID printer market in terms of revenue. Technology-enabled capabilities and high competition between traditional and online retailers shows tremendous growth in retail in industry. Digital retail sales in Asia-Pacific is growing faster due to the improving economies in China, India and Indonesia. In 2015, China accounted for around 40% of the global retail ecommerce sales. Ecommerce is the primary driving factor behind the growth of overall retail sales in Asia Pacific. Number of retailers are focusing towards adopting digital infrastructure. In addition, increasing need to improve inventory management due to safety issue, excess stock, customer service, ordering information of products, the demand of RFID printers increases.
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Regional Analysis
The global RFID printer market is expected to grow significantly over the forecast period, 2017-2023. RFID Printer segment market globally drives the market majorly due to growing demand of electronic devices. Technological advancement in consumer electronics such as TV, microwave, smartphones, fitness trackers are expected to expected to grow the market in past few years.
Due to the high technology adoption and presence of strong retail chain, North America shows the significant share of the total market. Asia Pacific was closely follow by North America in last year. Zebra Technologies Corporation, Honeywell International Inc., Avery Dennison Corporation, are some leading industry participants located in U.S. In September 2017, Zebra Technologies Corporation has launched new ZT600- and ZT510-series industrial printers designed to withstand the harshest environments while delivering superior print quality and uptime.
Intended Audience
- Packaging providers
- Retail Operators
- Mobile manufacturer
- Government Agencies
- Security Agencies
- End-user sectors
- Communication operators
- Defense
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