Global Radio Frequency Identification (RFID) Readers Market (2018-2026) - ResearchAndMarkets.com
Sep. 13, 2018
DUBLIN--(BUSINESS WIRE)--Sep 13, 2018--The "Global Radio Frequency Identification (RFID) Readers Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2018 To 2026" report has been added to ResearchAndMarkets.com's offering.
The global RFID readers market was valued at US$ 2,755.3 Mn in 2017 and is set to demonstrate double digit growth during the forecast period from 2018 to 2026.
The most prominent factor driving the RFID readers market is the consistently growing retail sector worldwide. Led primarily by Asia Pacific, number of shopping centers continues to grow globally. Considering the wide application of RFID technology, rising retail sector would ensure strong RFID readers market growth during the forecast period.
Further, rapidly growing e-commerce sector across the world further create need for effective asset tracking from warehouses. Subsequently, RFID readers market is set to register strong growth rate during the forecast period.
Apart from retail, RFID sector is expected to witness increased demand from healthcare sector. North America and Europe are leading the adoption of RFID technology in healthcare sector.
Based on product type, the handheld RFID readers segment led the global market with a value share of over 60% in 2017.
Retail and transportation & logistics are the largest end-users of RFID readers.
Further, based on the geography, Asia Pacific led the overall RFID readers market in 2017 with nearly 40% market share.
Market players emphasize on product enhancement in order to provide RFID solutions for multiple applications. With growing inclination towards RAIN RFID, companies are now shifting towards manufacturing RAIN RFID readers with added features. For instance, in January 2018, Alien Technology introduced a new RFID reader with all-day battery life.
Company ProfilesZebra Technologies Corporation Impinj, Inc. Alien Technology Corporation Invengo Technology Pte. Ltd. Xerox Corporation Honeywell Safety and Productivity Solutions GAO RFID, Inc. Datalogic S.p.A. CipherLab Co., Ltd. ThinkMagic (Trimble) Technology Solutions UK Ltd. (TSL)
For more information about this report visit https://www.researchandmarkets.com/research/nhvm7t/global_radio?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180913005443/en/
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PUB: 09/13/2018 06:17 AM/DISC: 09/13/2018 06:16 AM