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RFID Reader Trends and Forecast
The future of the global RFID reader market looks promising with opportunities in the transportation & logistics, healthcare, hospitality, food & beverage, retail, manufacturing, and government markets. The global RFID reader market is expected to reach an estimated $22.6 billion by 2030 with a CAGR of 9.4% from 2024 to 2030. The major drivers for this market are increasing use of RFID in businesses for inventory and equipment tracking, rising preference for cloud-based RFID readers, and growing use of these tags to read ids through barriers and from a distance.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
RFID Reader by Segment
The study includes a forecast for the global RFID reader by product type, frequency band, end use industry, and region.
RFID Reader Market by Product Type [Shipment Analysis by Value from 2018 to 2030]:
• Handheld RFID Reader
• Fixed RFID Reader
RFID Reader Market by Frequency Band [Shipment Analysis by Value from 2018 to 2030]:
• Low Frequency
• High Frequency
• Ultra-High Frequency
RFID Reader Market by End Use Industry [Shipment Analysis by Value from 2018 to 2030]:
• Transportation & Logistics
• Healthcare
• Hospitality
• Food & Beverage
• Retail
• Manufacturing
• Government
RFID Reader Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of RFID Reader Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies RFID reader companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the RFID reader companies profiled in this report include-
• Alien Technology
• Applied Wireless Identifications
• Avery Dennison
• CAEN RFID
• Honeywell International
• Impinj
• Invengo Technology
• Motorola Solutions
• Zebra Technologies
• Unitech Electronics
RFID Reader Market Insights
Lucintel forecasts that handheld is expected to witness higher growth over the forecast period due to its rising usage among users given to its lightweight and ease of use.
North America is expected to witness highest growth over the forecast period due to significant demand for RFID readers in retail and automotive sector and presence of key players in the region.
Features of the Global RFID Reader Market
Market Size Estimates: RFID reader market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: RFID reader market size by product type, frequency band, end use industry, and region in terms of value ($B).
Regional Analysis: RFID reader market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different product types, frequency bands, end use industries, and regions for the RFID reader market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the RFID reader market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the RFID reader market size?
Answer: The global RFID reader market is expected to reach an estimated $22.6 billion by 2030.
Q.2 What is the growth forecast for RFID reader market?
Answer: The global RFID reader market is expected to grow with a CAGR of 9.4% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the RFID reader market?
Answer: The major drivers for this market are increasing use of RFID in businesses for inventory and equipment tracking, rising preference for cloud-based RFID readers, and growing use of these tags to read ids through barriers and from a distance.
Q4. What are the major segments for RFID reader market?
Answer: The future of the RFID reader market looks promising with opportunities in the transportation & logistics, healthcare, hospitality, food & beverage, retail, manufacturing, and government markets.
Q5. Who are the key RFID reader market companies?
Answer: Some of the key RFID reader companies are as follows:
• Alien Technology
• Applied Wireless Identifications
• Avery Dennison
• CAEN RFID
• Honeywell International
• Impinj
• Invengo Technology
• Motorola Solutions
• Zebra Technologies
• Unitech Electronics
Q6. Which RFID reader market segment will be the largest in future?
Answer: Lucintel forecasts that handheld is expected to witness higher growth over the forecast period due to its rising usage among users given to its lightweight and ease of use.
Q7. In RFID reader market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to significant demand for RFID readers in retail and automotive sector and presence of key players in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the RFID reader market by product type (handheld RFID reader and fixed RFID reader), frequency band (low frequency, high frequency, and ultra-high frequency), end use industry (transportation & logistics, healthcare, hospitality, food & beverage, retail, manufacturing, and government), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Rfid Reader Market, Rfid Reader Market Size, Rfid Reader Market Growth, Rfid Reader Market Analysis, Rfid Reader Market Report, Rfid Reader Market Share, Rfid Reader Market Trends, Rfid Reader Market Forecast, Rfid Reader Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global RFID Reader Market: Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global RFID Reader Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global RFID Reader Market by Product Type
3.3.1: Handheld RFID Reader
3.3.2: Fixed RFID Reader
3.4: Global RFID Reader Market by Frequency Band
3.4.1: Low Frequency
3.4.2: High Frequency
3.4.3: Ultra-High Frequency
3.5: Global RFID Reader Market by End Use Industry
3.5.1: Transportation & Logistics
3.5.2: Healthcare
3.5.3: Hospitality
3.5.4: Food & Beverage
3.5.5: Retail
3.5.6: Manufacturing
3.5.7: Government
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global RFID Reader Market by Region
4.2: North American RFID Reader Market
4.2.2: North American RFID Reader Market by End Use Industry: Transportation & Logistics, Healthcare, Hospitality, Food & Beverage, Retail, Manufacturing, and Government
4.3: European RFID Reader Market
4.3.1: European RFID Reader Market by Product Type: Handheld RFID Reader and Fixed RFID Reader
4.3.2: European RFID Reader Market by End Use Industry: Transportation & Logistics, Healthcare, Hospitality, Food & Beverage, Retail, Manufacturing, and Government
4.4: APAC RFID Reader Market
4.4.1: APAC RFID Reader Market by Product Type: Handheld RFID Reader and Fixed RFID Reader
4.4.2: APAC RFID Reader Market by End Use Industry: Transportation & Logistics, Healthcare, Hospitality, Food & Beverage, Retail, Manufacturing, and Government
4.5: ROW RFID Reader Market
4.5.1: ROW RFID Reader Market by Product Type: Handheld RFID Reader and Fixed RFID Reader
4.5.2: ROW RFID Reader Market by End Use Industry: Transportation & Logistics, Healthcare, Hospitality, Food & Beverage, Retail, Manufacturing, and Government
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global RFID Reader Market by Product Type
6.1.2: Growth Opportunities for the Global RFID Reader Market by Frequency Band
6.1.3: Growth Opportunities for the Global RFID Reader Market by End Use Industry
6.1.4: Growth Opportunities for the Global RFID Reader Market by Region
6.2: Emerging Trends in the Global RFID Reader Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global RFID Reader Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global RFID Reader Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Alien Technology
7.2: Applied Wireless Identifications
7.3: Avery Dennison
7.4: CAEN RFID
7.5: Honeywell International
7.6: Impinj
7.7: Invengo Technology
7.8: Motorola Solutions
7.9: Zebra Technologies
7.10: Unitech Electronics
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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