The global RFID printer market witness continual growth, witnessing extensive uses in a number of labeling applications. Over recent years, the demand for RFID printers has grown rapidly due to burgeoning pharmaceutical industries worldwide. Moreover, the increasing demand from transportation & logistics, healthcare, and retail sectors escalates market revenues.
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With advances in critical printing technologies and integration leading to digital transformation in industrial set-ups, the market is expected to perceive brisk growth in the next few years. In this regard, Market Research Future (MRFR) asserts that the global RFID printer market would grow at a phenomenal CAGR throughout the forecast period (2020-2027).
RFID, a Proven Technology When it Comes to Tracking & Tracing Identified Goods
Additionally, the great advantages that mobile printing technology offers to stock managers, movers, and shippers, who need to track a huge load of goods in remote locations, create vast market demand. These mobile printers are solid as on-the-go equipment and need low maintenance, which impacts market growth significantly. On the other hand, thermal printing technology is fast, flexibly, easy, and productive.
Furthermore, augmenting demand for consumer goods products and the increase in packaging industries provide a considerable impetus to the market growth. The advent of new high-speed printing solutions capable of printing a cost-effective alternative for multiple printing tasks within a wide range of applications boosts the RFID printer market size.
Global RFID Printer Market – Segments
The RFID printer market forecast is segmented into types, price range, printing technology, frequency, application, and regions. The type segment is sub-segmented into industrial printers, desktop printers, mobile printers, and others. The price range segment is sub-segmented into <USD 2,000, USD 2000 – 4000, >USD 4000. The printing technology segment is sub-segmented into thermal transfer, direct thermal, inkjet, and others.
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The frequency segment is sub-segmented into low frequency (LF), high frequency (HF), and ultra-high frequency (UHF). The application segment is sub-segmented into manufacturing retail, transportation & logistics, healthcare, government, entertainment, and others. The region segment is sub-segmented into Europe, North America, Asia Pacific, and Rest-of-the-World.
RFID Printer Market – Regional Analysis
The Asia Pacific region dominates the global RFID printer market. The region has a huge consumer base in distribution and logistics, which substantiates the RFID printer market size. Besides, spurring rise in retail manufacturing, transportation & logistics, and healthcare sectors boost the region’s RFID printer market share.
Some APAC countries like Japan, China, Indonesia, Hong Kong, and India have the largest consumer goods market, positively impacting the regional market growth. Moreover, increasing uses of RFID printers in various other applications foster the market rise. The strong presence of leading manufacturers and pharmaceutical sectors helps this region to earn high revenues.
RFID Printer Market – Competitive Analysis
Highly competitive, the RFID printer market appears to be fragmented due to the presence of numerous large and small-scale players. Key strategic initiatives traced from the recent market developments include agreement & partnership, product launch, acquisition, and expansion. Companies invest substantially in innovations, new product development, and expanding their global footprints.
Players leading the global RFID printer market include Zebra Technologies Corporation, Sato Holdings Corporation, Honeywell International Inc, Toshiba Corp., Avery Dennison Corporation, Seiko Epson Corporation, Dascom, Printronix Auto ID, and ID Technology LLC, among others.
Industry/ Innovation/ Related News:
Aug. 19, 2021 --- BIXOLON Co., Ltd., a leading global label, mobile, and POS printer manufacturer, launched its new RFID label printers line-up - the XT5-40NR and XD5-40tR. The new RFID label printers feature industrial class performance, user-friendly designs, and durability. These printers are ideal for many types of low and high-volume labeling applications in retail, manufacturing, healthcare, and government.
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