Global RFID Printers Market Trends, Applications, Analysis, Growth, and Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global RFID printers market in its upcoming report titled, “Global RFID Printers Market Trends, Applications, Analysis, Growth, and Forecast to 2027”. The global RFID printers market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global RFID printers market report has been segmented on the basis of product type, technology type, end-use industry, and region.

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RFID printer is a printer specifically designed to write data to RFID chips embedded in smart labels. The printer contains an RF encoder, which transmits data to the chip and encodes it. This printer also verifies the data to ensure it has encoded correctly. RFID printers also print label itself, adds a barcode, and graphics or any other information desired to the label.

Technological advancements in electronic devices resulting in miniaturization of products, coupled with growing demand from various manufacturing units to track, manage, and optimise their assets are major factors driving growth of the RFID printers market over the forecast period. In addition, growing demand from healthcare sector for proper management of documents and records regarding patient is another factor expected to support growth of the global RFID printers market. Furthermore, growing adoption from transportation sector in order to track the shipping order is another factor expected to support growth of the global RFID printers market.

However, high cost of RFID solutions is a major factor expected to restraint growth of the global RFID printers market to certain extent.

Increasing R&D activities by major players for development of cost effective RFID printing solutions is expected to create new opportunities in terms of revenue for major players operating in the global RFID printers market over the forecast period.

The market in North America is expected to dominate the global RFID printers market in terms of revenue contribution and is expected to continue its dominance over the forecast period. This can be attributed to well-developed IT infrastructure, growing adoption from healthcare sector, and presence of various market players operating in economies in this region. The market in Europe is expected to contribute significant revenue share to the global market, owing to increasing adoption from food & beverage manufacturers. The market in Asia Pacific is expected to witness fastest growth, owing to developing transportation infrastructure and manufacturers approach to track and manage their assets and presence of major manufacturers operating in developing economies such as India China, and others in this region.

Global RFID Printers Market Segmentation:

By Product Type:

• Desktop RFID Printers
• Industrial RFID Printers
• Mobile RFID Printers

By Technology Type:

• Direct Thermal
• Thermal Transfer

By End-use Industry:

• Manufacturing
• Transportation
• Retail
• Healthcare

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa