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RFID Printers Market By Product Type (Industrial RFID Printers, Handheld RFID Printers, Desktop RFID Printers), by Frequency (High Frequency (HF), Ultra-high Frequency (UHF), Combined Frequency), By Printing Technique (Direct Thermal, Thermal Transfer, Combined Printing), Industry Vertical - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

Increasing Use of Smart RFID Tags in Retail & Warehouses to Ensure Promising RFID Printers Market Growth

The overall RFID printers market expected to demonstrate double digit CAGR during the forecast period from 2018 to 2026, up from US$ 1,840.0 Mn in 2017. RFID is one of the most revolutionary technologies used for asset tracking and inventory management across numerous industries including retail, transportation, supply chain management, industrial manufacturing, healthcare and several others. With continually increasing penetration of RFID technology, RFID printers have gained immense demand over the period. RFID printers are designed for mass printing/encoding applications with significant speed, thereby saving time. Thus, these printers are highly suitable in warehouses and manufacturing plants where large volumes of inventory/material need to be managed. The overall RFID printers market is highly driven by the rapidly growing inclination towards smart packaging. With RFID technology steadily replacing barcodes, the market is set to continue exhibiting promising growth over the forecast period.

Market Synopsis

RFID Printers Market

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Industrial RFID Printers to Continue Leading the Market throughout the Forecast Period

In 2017, industrial RFID printers market contributed to the largest share, in terms of value, in the overall market worldwide. These type of printers are widely used in industrial sector as they are designed for high speed and high volume RFID printing applications. The segment is estimated to retain its dominant position in the market with ever-growing e-commerce and warehouses & transportation sectors worldwide. In addition, these are among the pioneers in adopting smart labeling technologies, making them the most promising end-user segment of the market. Mobile RFID printers segment is set to demonstrate the highest growth rate during the forecast period. These are handheld printers capable of serving variety of applications within a manufacturing/warehouse facility. Due to ease of use and enhanced flexibility, the segment would experience higher demand as compared to its counterparts.

RFID Printers Market

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Asia Pacific to Remain the Largest Market due to its Rising Industrial & Retail Sectors

In 2017, Asia Pacific accounted for nearly 40% of the total market value generated worldwide. Asia Pacific possesses the largest retail sector across the globe, growing approximately with an annual rate of 5% since 2015. Rapid growth in e-commerce and transportation & logistics sectors in the region is expected to ensure robust demand for overall RFID solutions over the forecast period. For instance, the warehousing & logistics industry in India is growing with growth rate of more than 10% year-on-year. Similarly, warehousing & logistics industry in China is among the largest industry across the world, facing substantial inefficiencies in its processes. These factors collectively are expected to retain the dominant position of Asia Pacific during the forecast period. North America and Europe follow the Asia Pacific region in the global RFID printers market.

RFID Printers Market

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High Cost and Prevalence of Barcodes makes the Market Competitive

The RFID printers market is highly competitive in nature due to continued challenge to the technology from conventional barcode system. Thus, market players focus on evolving their products by improving printing speed, volume and ease of use. Additionally, RFID printers with added functionality of printing barcodes too are present in the market in order to cater to larger application area. Apart from manufacturing and supply chain sectors, market players focus on sectors such as libraries, government agencies, commercial sector, healthcare and several others. Major players profiled in the market include Avery Dennison Corporation, BOCA Systems, GAO RFID, Inc., GoDex International, Honeywell International, Inc., Lexmark International, Inc., Printronix, Inc., SATO Holdings Corporation, Toshiba Tec Corporation, Zebra Technologies Corporation and others.

RFID Printers Market

Historical & Forecast Period

This research report presents the analysis of each segment from 2016 to 2026 considering 2017 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2018 to 2026.

Report Scope by Segments

The RFID printers market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global RFID printers market based on product type, frequency, printing technique, industry vertical and geography. Key segments covered in the report are as follows:

ATTRIBUTE DETAILS
Research Period  2016-2026
Base Year 2017
Forecast Period  2018-2026
Historical Year  2016
Unit  USD Million
Segmentation

 Product Type Segment (2016-2026; US$ Mn)
 • Industrial RFID Printers
 • Handheld RFID Printers
 • Desktop RFID Printers

 Frequency Segment (2016–2026; US$ Mn)
 • High Frequency (13.56 MHz)
 • Ultra-high Frequency (860 MHz to 960 MHz)
 • Combined

 Printing Technique Segment (2016–2026; US$ Mn)
 • Direct Thermal
 • Thermal Transfer
 • Combined

 Industry Vertical Segment (2016–2026; US$ Mn)
 • Apparel & Retail
 • Pharmaceutical & Healthcare
 • Transportation & Logistics
 • Industrial Manufacturing
 • Automotive
 • Others (Agriculture, Oil & Gas, Government etc.)

 Geography Segment (2016–2026; US$ Mn)
 • North America (U.S. and Rest of North America)
 • Europe (U.K., Germany, France, and Rest of Europe)
 • Asia Pacific (Japan, China, India, and Rest of Asia Pacific)
 • Rest of World (Middle East & Africa (MEA), Latin America)

Key questions answered in this report

  • What was the market size of RFID printers in 2017 and forecast up to 2026?
  • Which is the largest regional market for RFID printers?
  • What are the notable market trends observed in the RFID printers market?
  • Who are the key players leading the market?
  • What are the key strategies adopted by the leading players in market?

Unique data points of this report

  • Key trends on smart labels and smart packaging markets
  • Statistics on retail and industrial manufacturing sectors worldwide
  • Recent trends across different regions in terms of adoption of RAIN RFID technology
  • Attractive investment proposition for industry vertical segment as well as geography
  • Comparative scenario for all the segments for years 2017 (actual) and 2026 (forecast)
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Published Date:  Aug 2018
Category:  Technology & Media
Report ID:   59278
Report Format:   PDF
Pages:   120
Rating:    4.5 (40)
Delivery Time: 24 Hours to 48 Hours   
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