RFID Printer Market to Experience Significant Gains in the Forecast Period

RFID Printer Market – Overview

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.

Industry Segments

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.

Browse In-depth Details [Table of Content, List of Figures, List of Tables] of RFID Printer Market Research Report

Global Competitive Analysis

The profitable conditions accessible in this market are being applied by candidates who are trying to increase their market coverage by focused development which can encourage the expansion of this business sector. The businesses in this trade area are combining their resources to attain their vision for achieving a substantial portion of the business as early as possible. This has raised the possibilities for the approaching growth period significantly. The merchandise that are being provided presently differ greatly because of the rationale of the robust pace of technological discoveries. This consequence is productive for companies so they can aim to uphold their commercial enterprise's liquidity to take the most effective decisions in terms of strategy execution and designing.

The major companies in the RFID Printer market globally comprise of SATO Holdings Corporation, Zebra Technologies Corporation, Toshiba Tec Corp., Avery Dennison Corporation, Honeywell International Inc. and Seiko Epson Corporation to name a few.

Industry News:

Mar 2018 A leading global mobile, label and POS printer manufacturer, BIXOLON Co., Ltd. recently released the SLP-TX400R 4-inch desktop label printer which is enabled with RFID technology. The model supports both thermal transfer printing and direct thermal at top printing speeds, the compact new model instantaneously prints and embeds a UHF RFID code into a extensive range of label sizes and types from inventory palette, merchandise hang tags, case labels, wristbands and more thereby making the product an ideal choice for hospitality, retail, logistics, warehousing and other applications that require secure, rapid and precise identification of assets.