RFID readers are specific devices, generally used for communicating with the radio tags on which precise information pertaining to an object/item is stored. The global RFID readers industry mainly driven by the increasing requirement for robust security, rising demand for these devices for efficiently tracking equipment and inventory and their capability of reading information from the longer distances even in harsh weather conditions. Growth in adoption of RFID sensors across an extensive range of applications, including retail, education, and healthcare, is likely to open up new opportunities in the upcoming years. Amid the Corona-Virus (COVID-19) epidemic, there has been a noteworthy growth in the demand for RFID readers in the medical field for validating patient data, patient tracking, and storing the medical information. RFID readers are increasingly installed in the corporate offices and hospitals to curb the transmission of corona-virus through shared surfaces, for instance lift buttons and door handles.
Referring to study, “Global RFID Readers Market 2020-2026 by Product Type, Frequency Band, Connector Type, Operating System, Application, and Region Trend Forecast and Growth Opportunity” the key companies operating in the global RFID readers market include GAO RFID, Inc., ThinkMagic (Trimble), Honeywell International Inc., Nedap N.V., Datalogic S.p.A, Feig Electronics GmbH, Bright Alliance Technology Limited, Technology Solutions UK Ltd. (TSL), CipherLab Co., Ltd., Xerox Corporation, Invengo Technology Pte Ltd., Daily RFID Co. Limited, Alien Technology Corporation, Zebra Technologies Corporation and among others. Leading market players are adopting various strategies so as to attract the customers and to gain maximum market share. These strategies can be listed as maintaining the product uniqueness, mergers with related organizations, offering attractive discounts, alliances with different companies to augment the sales area globally and others.
RFID readers are classified as handheld RFID readers and fixed RFID readers. Handheld RFID readers are usually used in various sectors including warehouses, transportation, offline stores, retail sectors, and other industrial segment. Additionally, healthcare & pharmaceutical industry is also using RFID technology to great extent and therefore may show higher growth in the RFID readers market throughout the forecast period. RFID readers are very cost-effective and owing to low cost of handheld RFID readers, its installation is being more prevalent among individual instead of the fixed RFID readers which are higher in the cost. Furthermore, handheld RFID readers are extensively used in the inventory management solution, because it helps to track the product’s complete information.
By regional analysis, the North-America is a leading region in global RFID readers market owing to high adoption of IT systems & RFID technology coupled with increase in adoption of item identification systems for supply-chain-management to achieve higher efficiency in the inventory allocation across the region. The Asia-Pacific and Europe regions are anticipated to witness higher growth rate due to rise in manufacturing capacity across different industrial sector, growth in demand for RFID technology in fast developing nations coupled with presence of large original equipment manufacturers (OEMs) over the forecast period. It is estimated that global RFID readers market will be reached at rapid pace on account of rise in demand for locating, tracking, and monitoring the objects for resource optimization, security, and safety purposes during the forecast period.
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Global RFID Readers Market Research Report
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