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.
According to MRFR, 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.
Jan, 2018 – Lexmark International Inc, a global imaging solutions provider, launched an RFID laser printer for manufacturing sector. The printer helps in eliminating mismatches among RFID tags and labels, and helps in producing reliable RFID colour print.
Oct. 2017 – SATO America, a global provider of Auto ID solutions, partnered with Metalcraft global leader of durable nameplate provider, launched Onsite Printable RFID tags, which can be encoded and printed on RFID thermal printers. This helps in eliminating configuration errors, and also speeds up the print process.
The Global RFID Printer Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;
Segmentation by printer type : Comprises industrial Printers, Desktop Printers, Mobile Printers
Segmentation by printing technology: Comprises Thermal Transfer, Direct Thermal, Inkjet
Segmentation by application: Comprises manufacturing, retail, transportation, healthcare, government and others.
Segmentation by Regions: Comprises Geographical regions – North America, Europe, Asia Pacific and Rest of the World.
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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