The growing use of cloud-based applications in several sectors such as logistics and retail is expected to create opportunities for the manufacturers of RFID readers to integrate both the technologies. RFID has applications in sectors such as manufacturing, logistics, healthcare, and retail, among others. Hence, deployment and management of data recorded in these tags becomes difficult.
Thus, integration of cloud-based applications with RFID readers can aid in providing centralised management without increasing deployment cost. These RFID readers for cloud based networks will have a huge demand during the forecast period and will offer potential opportunities for manufacturers of RFID readers.
North America to stay at the vanguard of development
North America is anticipated to lead the global RFID readers market in the long run due to high deployment in the automotive sector. RFID enabled system for truck, bus, trailer and passenger vehicle makes tire inspection procedures easy, fast, precise, and facilitates instant reporting. The benefits are life cycle management, multiple uses, no paper or manual errors and improved inspection of the vehicle tyre.
For instance, Michelin Americas truck Tires which is a division of Michelin North America, Inc. and manufacturer of vehicle tires added RFID technology to Michelin commercial truck tires. The addition of RFID to tires provides benefits such as road safety, self-inspections, and shows in depth tire summary including critical analysis of tire health.
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The growing retail sector in the Western European countries is expected to push the market towards growth in this region. Retail sector is witnessing a huge growth in Western Europe. The growing retail sector is anticipated to witness a high demand for RFID technology because of its features like simplified supply chain management, inventory management and security concerns.
Handheld RFID readers have high demand in this region. In April 2017, The Target Corporation, which is a chain of discount retail stores partnered with Avery Dennison, which is a global leader in Radio Frequency Identification (RFID)-enabled solutions for using the RFID in its 1,600 stores to maximize inventory availability in store.
The growing deployment of RFID technology in the healthcare sector as well as the aerospace and automotive industries is expected to bode well for the growth of the market in the coming years. The integration of Big Data and IoT platforms in RFID solutions and the rising demand for smart campus and colleges in the region is further triggering the growth of the market in the region.
The deployment of RFID readers is increasing substantially owing to the rising clinical research safety concerns in the regions. Eastern Europe countries have high concerns on clinical research in hospitals and institutes safety and improving supply chain operations. RFID tags and readers are used to monitor the quality and quantity of medicine and storage conditions such as temperature and moisture of environment.
The clinical research organisations in Eastern Europe are focusing more on R&D initiatives to develop new technologically driven pharmaceuticals. For example, the practice of implementing RFID technology in the Russian pharmaceutical industry was proposed by Russia’s president, Vladimir Putin in 2015.
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The RFID readers market is predicted to grow at an 11.9% CAGR through 2032.
North America RFID readers market holds the highest revenue potential.
The RFID readers market is expected to surpass USD 44.63 Billion by 2032.
The RFID readers market size is anticipated to be over USD 14.5 Billion in 2022.
1. Executive Summary 2. Market Introduction 3. Market Background 4. Market Forecast 5. Global RFID Reader Market Analysis By Types 5.1. Fixed RFID Readers 5.1.1. Integrated RFID Readers 5.1.2. Non-Integrated RFID Readers 5.2. Handheld RFID Readers 6. Global RFID Reader Market Analysis By Frequency 6.1. Low Frequency 6.2. High Frequency 6.3. Ultra High Frequency 7. Global RFID Reader Market Analysis By Communication 7.1. Wi-Fi 7.2. Ethernet 7.3. Others (Bluetooth) 8. Global RFID Reader Market Analysis By Industry 8.1. Logistics and Transportation 8.2. Aerospace and Defense 8.3. Automotive 8.4. Retail 8.5. Healthcare 8.6. Others (Government, Education, Agriculture) 9. Global RFID Reader Market Analysis By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. MEA 9.6. Asia Pacific 9.7. China 9.8. Japan 10. North America RFID Reader Market Analysis 11. Latin America RFID Reader Market Analysis 12. Western Europe RFID Reader Market Analysis 13. Eastern Europe RFID Reader Market Analysis 14. Middle East and Africa RFID Reader Market Analysis 15. Asia Pacific RFID Reader Market Analysis 16. Japan RFID Reader Market Analysis 17. China RFID Reader Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. Zebra 19.2. Invengo 19.3. GAO RFID Inc. 19.4. Xerox 19.5. ALIEN Technology 19.6. Spectra Vision 19.7. Trimble 19.8. Impinj 19.9. Honeywell 19.10. Datalogic 19.11. TSL 19.12. CAEN RFID 19.13. CIPHER Labs 19.14. Unitech 20. Research Methodology
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RFID Readers Market
