Report Id: SNS/SEMI/2536 | July 2022 | Region: Global | 131 Pages
Report Scope & Overview:
RFID Readers Market Size was valued at USD 12.30 billion in 2022 and is expected to reach USD 26.57 billion by 2030, and grow at a CAGR of 10.1% over the forecast period 2023-2030.
The RFID reader is a device that collects data from an RFID tag, which is used to track a specific object. Data is transferred from the RFID tag to the reader using radio-frequency waves. The majority of RFIDs are used to store information that is then interpreted by the user. RFID, like bar codes, is a technology. However, the RFID tag does not need to be scanned directly, nor does it need to be in direct line of sight of a reader. RFID tags must be located within 3 to 300 feet of an RFID reader. The RFID reader includes an RF module that serves as both a transmitter and receiver of radio frequency signals.
Even in harsh conditions, it can read from a greater distance.
Increased use of inventory and equipment tracking in businesses.
Manufacturing requires a significant initial investment.
Collision of tags.
RFID sensor penetration is increasing in a variety of applications.
This will be covered under the final version of the report.
IMPACT OF COVID-19:
The outbreak of the COVID-19 virus resulted in the global shutdown of factories, as well as the implementation of other lockdown measures, including stringent social distancing norms. The disruption in supply chain operations and logistics-related services complemented this. The discovery of a second strain of the COVID-19 virus in Europe exacerbated the region's market. The decline in demand for expensive retail products worldwide as a result of lockdown measures, as well as supply chain disruptions, is expected to have slowed the growth of the RFID Readers market. Falling global automobile demand is also expected to have a short-term impact on the automotive RFID Readers market.
Based on, the RFID Readers market is segmented into Handheld RFID Reader, Fixed RFID Reader, Integrated RFID Readers, and Non-Integrated RFID Readers. Based on, the RFID Readers market is segmented into Low Frequency, High Frequency, and Ultra-High Frequency. Based on, the RFID Readers market is segmented into Transportation & Logistics, Aerospace & Defense, Food & Beverage, Healthcare, Agriculture, Manufacturing, Hospitality, Retail, and Government. The growing use of RFID Reader technology in transportation and logistics provides accurate shipment tracking information, allowing businesses to optimize their operations and increase their profit margins. Furthermore, with rising penetration in various industries such as healthcare, among others, it will provide additional insights into product usage, boosting industry growth in the coming years.
The key players in the RFID Readers market are Alien Technology, Avery Dennison Corporation, Honeywell International, Invengo Technology, Zebra Technologies, Applied Wireless Identifications Group, CAEN RFID, Impinj, Motorola Solutions, and Unitech Electronics.
BY PRODUCT TYPE
Handheld RFID Reader
Fixed RFID Reader
Integrated RFID Readers
Non-Integrated RFID Readers
BY FREQUENCY BAND
BY INDUSTRY VERTICAL
Transportation & Logistics
Aerospace & Defense
Food & Beverage
North America dominated the RFID Reader market in terms of revenue in 2021, owing to the region's widespread use of automated item identification systems for supply chain management, which can aid in improving inventory allocation efficiencies. Asia-Pacific, on the other hand, is expected to grow at the fastest CAGR during the forecast period, owing to the presence of the largest manufacturers and original equipment manufacturers (OEMs) in this region, as well as a surge in demand for tracking, monitoring, and locating objects for security, safety, and resource optimization.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
|Market Size in 2022||US$ 12.30 Billion|
|Market Size by 2030||US$ 26.57 Billion|
|CAGR||CAGR of 10.1% From 2023 to 2030|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Product Type (Handheld RFID Reader, Fixed RFID Reader, Integrated RFID Readers, Non-Integrated RFID Readers)
• By Frequency Band (Low Frequency, High Frequency, Ultra-High Frequency)
• By Industrial Vertical (Transportation & Logistics, Aerospace & Defense, Food & Beverage, Healthcare, Agriculture, Manufacturing, Hospitality, Retail, Government)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Alien Technology, Avery Dennison Corporation, Honeywell International, Invengo Technology, Zebra Technologies, Applied Wireless Identifications Group, CAEN RFID, Impinj, Motorola Solutions, and Unitech Electronics.|
|Key Drivers||• Even in harsh conditions, it can read from a greater distance.
• Increased use of inventory and equipment tracking in businesses.
|RESTRAINTS||• Manufacturing requires a significant initial investment.
• Collision of tags.
Frequently Asked Questions (FAQ) :
The market value is expected to reach USD 23.2 billion by 2028.
The market has been segmented with respect to product type, frequency band and industry vertical.
North American region dominated the market in the RFID Readers Market.
Yes, and they are Raw material vendors, Distributors/traders/wholesalers/suppliers, Regulatory authorities, including government agencies and NGO, Commercial research & development (R&D) institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Trade/Industrial associations, End-use industries.
Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
22.214.171.124 United Kingdom
126.96.36.199 South Korea
188.8.131.52 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. RFID Readers Market Segmentation, by product type
8.2 Handheld RFID Reader
8.3 Fixed RFID Reader
8.4 Integrated RFID Readers
8.5 Non-Integrated RFID Readers
9. RFID Readers Market Segmentation, by frequency band
9.2 Low Frequency
9.3 High Frequency
9.4 Ultra-High Frequency
10. RFID Readers Market Segmentation, by industry vertical
10.2 Transportation & Logistics
10.3 Aerospace & Defense
10.4 Food & Beverage
11. Regional Analysis
11.2 North America
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4.2 South Korea
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.3 South Africa
11.6 Latin America
11.6.3 Rest of Latin America
12.1 Honeywell International
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Alien Technology
12.3 Avery Dennison Corporation
12.4 Invengo Technology
12.5 Zebra Technologies
12.6 Applied Wireless Identifications Group
12.7 CAEN RFID
12.9 Motorola Solutions
12.10 Unitech Electronics
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
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