RFID Readers Market – Global Industry Trend Analysis 2012 to 2017 and Forecast 2017 – 2025
The Radio Frequency Identification (RFID) technology incorporates electromagnetic fields in radio frequency portion of the electromagnetic spectrum to identify an object, animal, device or person. An RFID system has been developed on this technology, and the system consists of three components including RFID reader, RFID tags and RFID software and middleware. An RFID reader is a device that is used to interrogate an RFID tag. The reader’s antenna emits radio waves to communicate with radio tags that stores specific information about the object/item. This information provides identification for an item, proof of ownership, original storage location and history.
In order to scan data from a tag, the RFID readers have to be tuned to the frequency as that of a tag. Earlier every region was assigned a specific band of radio spectrum for RFID which led to lack of standardization. In order to avoid these many areas have now specified three frequency ranges namely low frequency (125 or 134 kHz), high frequency (13.56 MHz), and ultra-high spectrum (865 to 868 MHz). This standard frequency has driven the adoption of RFID technology.
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RFID Readers: Drivers and Restraints
Rising need for efficient supply chain management, increasing demand for RFID systems in transport and healthcare sectors are driving the adoption of RFID system in the market. Also, growth in retail industry and integration of new technology in the RFID readers are driving the growth of RFID readers market.
The high cost of reading equipment, lack of standardizations are hampering the growth of the market. Issues in scanning the tags by the readers are further restraining the growth of RFID readers market.
The key trends in the RFID readers market are growing number of partnerships between organizations in order to develop an innovative product. The higher adoption rate of RFID technology is also trending in the market.
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RFID Readers: Segmentation
Segmentation based on Style by RFID Readers in Market:
Segmentation based on type of interaface of RFID Readers in Market:
- RS-232 Serial
Segmentation based on antenna capacity RFID Readers in Market:
- 2 antenna
- 3 antenna
- 4 antenna
- 32 antenna
RFID Readers: Competitive Landscape
The key players of the Motorola Solutions, Inc., Zebra Technologies, Impinj, Inc., Honeywell International Inc., Unitech Limited, Technology Solutions Ltd, Datalogic SpA, RF IDeas, Inc., Applied Wireless Identifications Group, Inc. and Intermec.
North America is expected to be the largest market for RFID Readers market. The majority of RFID Readers vendors such as Motorola Solutions, Inc., Zebra Technologies and Honeywell International Inc. are based in North America region. This is attributed to increasing digitalization and industrialization in the region. The market is anticipated to grow in Europe region due to presence of other vendors like Technology Solutions Ltd and Datalogic SpA in the region.
The report covers exhaustive analysis on:
Global RFID Readers Market Segments
- Global RFID Readers Market Dynamics
- Historical Actual Market Size, 2012 – 2016
- Global RFID Readers Market Size & Forecast 2017 to 2027
- Supply & Demand Value Chain for RFID Readers Market
- Global RFID Readers Market Current Trends/Issues/Challenges
- Competition & Companies involved in RFID Readers Market
- RFID Readers Technology
- Value Chain of Sales Performance Management solutions
- Global RFID Readers Market Drivers and Restraints
Regional analysis for Global RFID Readers Market includes
- North America RFID Readers Market
- Latin America RFID Readers Market
- Rest of Latin America
- Western Europe RFID Readers Market
- Rest of Western Europe
- Eastern Europe RFID Readers Market
- Asia Pacific RFID Readers Market
- Australia and New Zealand (A&NZ)
- Rest of Asia Pacific
- Japan RFID Readers Market
- The Middle East and Africa RFID Readers Market
- GCC Countries
- North Africa
- South Africa
- Rest of MEA
MRR.BIZ has been compiled in-depth market research data in the report after exhaustive primary and secondary research. Our team of able, experienced in-house analysts has collated the information through personal interviews and study of industry databases, journals, and reputable paid sources.
The report provides the following information:
- Tailwinds and headwinds molding the market’s trajectory
- Market segments based on products, technology, and applications
- Prospects of each segment
- Overall current and possible future size of the market
- Growth pace of the market
- Competitive landscape and key players’ strategies
The main aim of the report is to:
- Enable key stakeholder’s in the market bet right on it
- Understand the opportunities and pitfalls awaiting them
- Assess the overall growth scope in the near term
- Strategize effectively with respect to production and distribution
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