As per Market Research Future (MRFR), the global RFID printer market is expected to reach approximately USD 4.82 billion, with a 4.90% CAGR from 2017-2023 (forecast period). The study assesses the effect of the COVID-19 pandemic on the global RFID printer market and provides a reliable estimation of the predicted fluctuations in demand over the forecast period.
RFID printer is a printer essentially designed to write data to RFID chips embedded in smart labels. The printer incorporates an RF encoder that transmits data to the chip and encodes it. This printer also verifies the data to ensure that it has been encoded correctly. RFID printers often print the label itself, add the barcode and graphics, or any other information desired on the label.
Get Free Sample Report @ https://www.marketresearchfuture.com/sample_request/4538
Market Segmentation
The global RFID Printer Market Report has been segmented on the basis of printer type, printing technology, and applications.
On the basis of printer type, the global RFID printer market has been segmented into industrial printers, desktop printers, and mobile printers.
On the basis of printing technology, the global RFID printer market has been segmented into thermal transfer, direct thermal, and inkjet.
On the basis of applications, the global RFID printer market has been segmented into manufacturing, government, retail, transportation and logistics, healthcare, entertainment, and others.
Regional Analysis
Region-wise, the global RFID printer market has been segmented into North America, Europe, Asia Pacific, and Rest of the World.
The Asia Pacific held the largest market share from countries such as China, India, and Japan, among others. The reason for this is the increasing demand for rapid economic growth and the rise of large and medium-sized enterprises. Steady economic growth and rapid urbanization are leading to the development of the Asia Pacific RFID printer industry. Moreover, Asia Pacific is expected to rise over the 2017-2023 forecast period.
Market Dynamics
Technological advances in electronic devices resulting in the miniaturization of products, coupled with rising demand from various manufacturing units to track, manage and optimize their assets, are significant factors propelling the growth of the RFID printer market over the forecast period. In addition, the increasing demand from the healthcare sector for proper management of patient documentation and records is another factor expected to help the growth of the global market for RFID printers. In addition, the increasing acceptance of shipping orders from the transport sector is another factor expected to support the development of the global market for RFID printers.
Nevertheless, the high cost of RFID solutions is a significant factor expected to reduce the growth of the global demand for RFID printers to some extent.
Key Players
The industry giants in the global RFID printer market include Zebra Technologies Corporation, TSC Auto ID Technology Co., SATO Holdings Corporation, Honeywell International Inc., Toshiba Tec Corp., Avery Dennison Corporation, Ltd, Wasp Barcode Technologies, Dascom, Postek Electronics Co., Ltd. Seiko Epson Corporation and Godex International Co. Ltd. among others.
Competitive Landscape
The global RFID printer market is extremely competitive. Various existing foreign brands, domestic brands, and new entrants shape a competitive landscape. The key players are increasingly seeking market expansion through numerous strategic mergers and acquisitions, innovation, growing investments in R&D, and cost-effective product portfolio. The RFID printer market is extremely competitive due to the involvement of a range of major vendors.
Get Complete Report @ https://www.marketresearchfuture.com/reports/rfid-printer-market-4538