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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.

RFID Readers Market Revenue Analysis

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MARKET DYNAMICS:

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.

OPPORTUNITIES:

  • RFID sensor penetration is increasing in a variety of applications.

CHALLENGES: 

  • 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.

MARKET SEGMENTATION:

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 INDUSTRY VERTICAL

  • Transportation & Logistics

  • Aerospace & Defense

  • Food & Beverage

  • Healthcare

  • Agriculture

  • Manufacturing

  • Hospitality

  • Retail

  • Government  

RFID Readers Market Segmentation Analysis

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REGIONAL ANALYSIS:

North America dominated the RFID Reader market in terms of revenue in 2022, 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.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The 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

KEY PLAYERS:

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.

Honeywell International-Company Financial Analysis

RFID Readers Market Report Scope:

Report Attributes Details
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
Base Year 2022
Forecast Period 2023-2030
Historical Data 2020-2021
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

The market value is expected to reach USD 26.57 billion by 2030.

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. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 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

8.1Introduction

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

9.1Introduction

9.2 Low Frequency

9.3 High Frequency

9.4 Ultra-High Frequency

10. RFID Readers Market Segmentation, by industry vertical

10.1 Introduction

10.2 Transportation & Logistics

10.3 Aerospace & Defense

10.4 Food & Beverage

10.5 Healthcare

10.6 Agriculture

10.7 Manufacturing

10.8 Hospitality

10.9 Retail

10.10 Government

11. Regional Analysis

11.1 Introduction

11.2 North America

11.2.1 USA

11.2.2 Canada

11.2.3 Mexico

11.3 Europe

11.3.1 Germany

11.3.2 UK

11.3.3 France

11.3.4 Italy

11.3.5 Spain

11.3.6 The Netherlands

11.3.7 Rest of Europe

11.4 Asia-Pacific

11.4.1 Japan

11.4.2 South Korea

11.4.3 China

11.4.4 India

11.4.5 Australia

11.4.6 Rest of Asia-Pacific

11.5 The Middle East & Africa

11.5.1 Israel

11.5.2 UAE

11.5.3 South Africa

11.5.4 Rest

11.6 Latin America

11.6.1 Brazil

11.6.2 Argentina

11.6.3 Rest of Latin America

12.Company Profiles

12.1 Honeywell International

12.1.1 Financial

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

12.8 Impinj

12.9 Motorola Solutions

12.10 Unitech Electronics

13.Competitive Landscape

13.1 Competitive Benchmark

13.2 Market Share analysis

13.3 Recent Developments

14.Conclusion

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Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

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Primary Research

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Data Bank Validation

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