RFID Printers Market: Global Industry Size, Share, Growth, Trends, Analysis and Forecast 2018 to 2026

According to a new market research report published by Credence Research “Radio Frequency Identification (RFID) Printers Market – Growth, Future Prospects and Competitive Analysis, 2018 – 2026”, the global market for RFID printers was valued at US$ 1,840 million in 2017 and is set to exhibit double-digit CAGR during the 2018-2026 forecast period.

Market Insights

The overall market for RFID printers is driven by a rapidly growing trend towards smart packaging & labels across different vertical sectors. The RFID technology forms the core of smart labels by incorporating an inlay into the label. As a result, with the growing adoption of RFID technology (over barcodes) coupled with smart labels, the demand for RFID printers is set to show a double-digit growth rate over the following years. The ever-growing retail and transport & logistics sectors worldwide are another key factor governing the RFID printer market. Headquartered in Asia-Pacific, China and India are among the most prominent markets with large retail and logistics sectors. The rapidly growing e-commerce sector in these countries is expected to further boost demand for efficient asset and inventory tracking from warehouses. As a result, the market for RFID printers is set to register a promising growth rate during the forecast period.

Browse Full Report Originally Published by Credence Research at https://www.credenceresearch.com/report/rfid-printers-market

The market for RFID printers is segmented on the basis of product type, frequency, printing technique, vertical industry and geography. Based on the product type, the industrial RFID printer segment was the market leader with a market share of more than 50 percent in 2017. In the years to come, the handheld RFID printer segment is expected to register the highest CAGR due to the increasing use of RFID printing in commercial spaces and healthcare segments. The combined RFID printers, followed by the thermal transfer printing segment, are marketed on the basis of printing technology. Moreover, based on geography, Asia Pacific dominated the global market for RFID printers in 2017 with a market share of more than 40%.

The overall market for RFID printers is quite competitive in nature, with companies competing with RFID printer manufacturers as well as barcodes technology. RFID technology offers immense advantages over conventional barcodes in terms of scanning and various applications. However, the higher costs of these systems remain a major concern. Market players therefore emphasize product enhancements aimed at higher printing speed and volume. In addition, most RFID printers are capable of printing both RFID tags and barcodes. This is due to the fact that barcodes are still in use in a large number of applications.

Some of the major RFID printers market players profiled in the report include Zebra Technologies Corporation, Avery Dennison Corporation, SATO Holdings Corporation, Toshiba Tec Corporation, Honeywell International, Inc., Lexmark International, Inc., BOCA Systems, GAO RFID, Inc., GoDex International, Printronix, Inc. and others.

Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/59278

 [Note: Our Free Complimentary Sample Report Accommodate a Brief Introduction To The Synopsis, TOC, List of Tables and Figures, Competitive Landscape and Geographic Segmentation, Innovation and Future Developments Based on Research Methodology are also Included]

Report Scope by Segments

By Product Type Segment

  • Industrial RFID Printers
  • Handheld RFID Printers
  • Desktop RFID Printers

By Frequency Segment

  • High Frequency (13.56 MHz)
  • Ultra-high Frequency (860 MHz to 960 MHz)
  • Combined

By Printing Technique Segment

  • Direct Thermal
  • Thermal Transfer
  • Combined

By Industry Vertical Segment

  • Apparel & Retail
  • Pharmaceutical & Healthcare
  • Transportation & Logistics
  • Industrial Manufacturing
  • Automotive
  • Others (Agriculture, Oil & Gas, Government etc.)

By Geography Segment

  • North America (the U.S., Rest of North America)
  • Europe (U.K., Germany, France, Rest of Europe)
  • Asia Pacific (China, Japan, India, Rest of Asia Pacific)
  • Rest of World (Middle East & Africa (MEA), Latin America)

Access Free Sample Copy of Research Report: https://www.credenceresearch.com/sample-request/59278

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