Market Research Future in its latest study reports that the global RFID printer market is set to exhibit a compound annual growth rate of 4.90% between 2017 and 2023 and surpass a valuation of USD 4 Bn. RFID printers are a breed of new-age printing technology that facilitates smart labelling. The rapid adoption of smart labelling in packaging has reflected favourably on the global RFID market. The market has reached considerable heights in recent years owing to the proliferation RFID technology. This has prompted an aggressive reaction towards the global RFID printer market from several printer and RFID technology companies. The robust inflow of new players in the market has made it highly competitive. Domestic vendors and manufacturers also have a notable contribution in the overall size of the market. They mostly compete on pricing point while global players rely on collaboration and M&A for growth. Aggressive marketing strategies are increasingly being deployed to improve position in the market.
Emphasis is also being placed on research and development for product innovation and improving the functionality of existing products. It also helps in diversifying and expanding product portfolio. RFID technology is much more reliable than its conventional counterparts, which is driving its popularity in various sectors. Most importantly, the innate characteristics of the RFID make it consumer-friendly. As the technology matures, cost of RFID printers is expected to come down, which will make it accessible to users with budget constraints.
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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.
- 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.
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.
MRFR’s study also includes a thorough segmental analysis of the global RFID printer market based on application, printing technology, and printer type. On the basis of application, the market has been segmented into retail, logistics, healthcare, entertainment, manufacturing, government, transportation and other. On the basis of printing technology, the market has been segmented into inkjet, direct thermal and thermal transfer. On the basis of printer type, the market has been segmented into mobile printers, desktop printers and industrial printers.
The study covers the RFID printer market across region such as Europe, North America, and Asia Pacific (APAC). A country-level analysis is also conducted with a special mention to the U.S. Mexico, Canada, the U.K. France, Germany, India, China, Japan. Currently, Asia Pacific (APAC) accounts for the largest share of the market. This is primarily attributed to the industrial boom in China and India. These two countries have emerged as two of the major economies of the world, exhibiting strong GDPs. They represent a large consumer market offering significant opportunities. The market in the region is expected remain high lucrative during the forecast period.
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- Packaging providers
- Retail Operators
- Mobile manufacturer
- Government Agencies
- Security Agencies
- End-user sectors
- Communication operators
LIST OF TABLES
TABLE 1 RFID PRINTER MARKET, BY PRINTER TYPE
TABLE 2 RFID PRINTER MARKET, BY PRINTING TECHNOLOGY
TABLE 3 RFID PRINTER MARKET, BY APPLICATION
TABLE 4 RFID PRINTER MARKET, BY APPLICATION
TABLE 5 RFID PRINTER MARKET, BY GEOGRAPHY
TABLE 6 NORTH AMERICA RFID PRINTER MARKET, BY PRINTER TYPE
TABLE OF CONTENTS
1 MARKET INTRODUCTION
1.2 SCOPE OF STUDY
1.2.1 RESEARCH OBJECTIVE
1.3 MARKET STRUCTURE
2 RESEARCH METHODOLOGY
2.1 RESEARCH NETWORK PRINTING TECHNOLOGY SOFTWARE
2.2 PRIMARY RESEARCH
2.3 SECONDARY RESEARCH
2.4 FORECAST MODEL
2.4.1 MARKET DATA COLLECTION, ANALYSIS & FORECAST
2.4.2 MARKET SIZE ESTIMATION
3 MARKET DYNAMICS
3.2 MARKET DRIVERS
3.3 MARKET CHALLENGES
3.4 MARKET OPPORTUNITIES
3.5 MARKET RESTRAINTS
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