USD 1.60 billion
RFID Printer Market Size, Share, Growth Analysis, By Type(Desktop, Mobile, and Industrial), By Price Range(UP TO USD 2, 000, USD 2, 001-USD 4), By Technology(Thermal Transfer, Direct Thermal, and Inkjet), By Frequency(Low Frequency (LF), High Frequency (HF), and Ultra-High Frequency (UHF)), By Application(Manufacturing, Retail, Transportation & Logistics, Healthcare), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG25E2108 |
Region:
Global |
Published Date: February, 2024
Pages:
223
|Tables:
152
|Figures:
72
RFID Printer Market Insights
Global RFID Printer Market size was valued at USD 1.60 billion in 2022 and is poised to grow from USD 1.70 billion in 2023 to USD 2.56 billion by 2031, growing at a CAGR of 7.00% in the forecast period (2024-2031).
Mobile RFID printers are experiencing a surge in global demand, finding extensive application in crucial sectors such as hospitality, retail, and healthcare for printing labels, tickets, and receipts. These printers play a pivotal role across various industries by facilitating the printing of barcodes, RFID labels, and tags. Their allure lies in an array of features tailored for convenience, including durability, robustness, and ruggedness, ensuring sustained performance even in demanding environments.
Simplicity remains a hallmark attribute, offering easy usability for printing RFID labels, tags, and receipts. Moreover, these printers boast seamless connectivity with mobile devices, providing users with effortless access.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Desktop Printers
Fastest Growth
Growth Rate
7.00% CAGR
Global RFID Printer Market ($ Bn)
Country Share for North America Region (%)
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RFID Printer Market Segmental Analysis
The global RFID Printer market is segmented into various segments. Based on Type, the RFID Printer Market segmentation includes industrial printers, desktop printers, and mobile printers. Based on the Price Range, the RFID Printer Market segmentation includes UP TO USD 2,000, USD 2,001-USD 4,000, and ABOVE USD 4,001. Based on Technology, the RFID Printer Market segmentation includes Thermal Transfer, Direct Thermal, Inkjet. Based on Frequency, the RFID Printer Market segmentation includes Low Frequency (LF), High Frequency (HF), Ultra-High Frequency (UHF). Based on Application, the RFID Printer Market segmentation includes Manufacturing, Retail, Transportation & Logistics, Healthcare, Government, Entertainment, Others. By Region, the study provides market insights into North America, Europe, Asia-Pacific, and the Rest of the World.
Analysis by Price Range
The USD 2,001-USD 4,000 segment holds a significant role within the RFID printer market, targeting mid-sized enterprises and businesses with more expansive requirements. Positioned above the lower-priced tier, these printers offer a balance between advanced features and affordability, catering to companies that require slightly higher printing capacities or additional functionalities in their RFID systems.
The dominance of the up to USD 2,000 segment in the market can be attributed to its accessibility and affordability, particularly appealing to Small and Medium Enterprises (SMEs) and startups venturing into RFID technology for the first time. These printers, falling within this price range, offer a feasible entry point for businesses looking to integrate RFID technology into their operations without substantial upfront investments.
Analysis by Type
Industrial printers play a crucial and influential role within the RFID printer market. These specialized printers are designed to meet the demanding requirements of high-volume and rugged environments, catering to various industries like manufacturing, logistics, healthcare, and retail. Specifically engineered for durability and efficiency, industrial RFID printers ensure precise encoding and printing of RFID tags on a large scale. They facilitate seamless integration with production lines, warehouse management systems, and supply chain operations, enhancing automation and traceability.
Desktop printers constitute an essential segment within the RFID printer market, serving diverse needs across various industries. These compact and versatile printers cater to businesses requiring RFID tag printing in smaller volumes or constrained spaces. While they may not match the throughput of industrial counterparts, desktop RFID printers offer cost-effective solutions for tasks like inventory management, asset tracking, and smaller-scale labeling needs. Their user-friendly interfaces and relatively lower maintenance requirements make them accessible to a wide range of users, including small businesses and offices.
Global RFID Printer Market By Type
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RFID Printer Market Regional Insights
North America is poised for dominance, driven by significant technological advancements across various key sectors such as transportation, retail, manufacturing, logistics, and hospitality. These advancements serve as catalysts propelling the demand for RFID printers within the region. Particularly, the healthcare industry's increasing reliance on RFID technology for inventory management, patient tracking, and supply chain optimization contributes significantly to the market's growth trajectory.
Anticipated to exhibit the swiftest CAGR between 2023 and 2030, the Asia-Pacific is positioned as a focal point for substantial expansion. This growth is propelled by the global imperative for enhanced inventory management and the escalating utilization of printing labels, tickets, and receipts in crucial sectors such as hospitals, retail, and healthcare centers.
Global RFID Printer Market By Region
- Largest
- Fastest
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RFID Printer Market Dynamics
Drivers
Increasing Adoption of Barcodes in Manufacturing
- The growth of the manufacturing sector experienced a deceleration but continued to progress steadily, albeit at a slower pace. Manufacturers globally have pivoted towards embracing automation and optimizing production processes to curtail wastage and amplify output efficiency. This strategic shift has led to a substantial surge in the adoption of barcodes within manufacturing operations. Each product or component in the assembly line is assigned a unique barcode, systematically scanned and logged at various workstations. This meticulous tracking mechanism offers real-time insights into the product's progression along the manufacturing journey. Consequently, this implementation has significantly slashed production timelines within the manufacturing process, thereby propelling the heightened demand for printers.
Restraints
Escalating Risk of Smudged Bar Lines
- One of the challenges anticipated to impede growth in the barcode printer market involves the risk of smudged bar lines due to high heat settings within these printers. The propensity for barcode printers to operate at elevated heat levels poses a concern as it can potentially result in the smudging of bar lines on printed materials. This issue arises when the heat settings surpass optimal levels, leading to blurred or distorted barcodes, thereby compromising their readability and accuracy.
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RFID Printer Market Competitive Landscape
The Global RFID Printer Market operates within a dynamic and competitive landscape featuring a diverse mix of well-established brands, emerging players, and niche producers. Innovation stands as a pivotal competitive factor within this realm. Recognizing its significance, leading brands prioritize substantial investments in research and development efforts aimed at introducing novel flavors, packaging formats, and health-oriented variations. These endeavors align with the ever-evolving consumer preferences, allowing these market leaders to frequently set the trends and benchmarks within the industry. This proactive approach not only fosters differentiation but also solidifies their position as trendsetters, influencing the direction of the market and driving continual evolution.
Top Player’s Company Profiles
- Brother Industries Ltd.
- TSC Auto ID Technology Co., Ltd
- Citizen Systems Europe GmbH
- Honeywell International Inc.
- Labeltac
- Wasp Barcode Technologies
- Oki Electric Industry Co., Ltd.
- Godex International Co. Ltd.
- Sato Holdings Corporation
- Linx Printing Technologies Ltd (Linx)
- Seiko Epson Corporation
- Star Micronics Co. Ltd
- Toshiba Corporation
- Zebra Technologies Corporation
Recent Developments
- In March 2021, BIXOLON entered the European market with its XM7 series, a line of thermal printers designed for both liner and linerless printing. This innovative release was positioned to offer state-of-the-art solutions across various printing requirements in the region.
- In March 2021, Brother International Corporation made a significant impact by introducing an industrial label printer meticulously crafted for high-speed operations within warehouse, manufacturing, and supply chain applications. Brother's unveiling underscored a strategic initiative to meet the surging demands for efficient and swift printing solutions within these pivotal sectors. Both companies' introductions showcased a concerted effort to address distinct market needs, harnessing advanced technology to elevate productivity and fulfill the escalating demands of industries relying on seamless printing capabilities.
RFID Printer Key Market Trends
- The surge in electronic printing and ink technology has become a pivotal driver propelling the RFID Printer Market. Major manufacturers in the RFID technology sphere are swiftly adapting to meet end-user demands by producing cost-effective tags, thereby substantially boosting market momentum. These factors are poised to be instrumental in furthering the growth trajectory of the RFID printer market in the near future. Moreover, the market's CAGR indicates a promising uptick, especially with the advent of RFID laser printing technology, which promises enhanced efficiency and innovation in the industry.
RFID Printer Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research. The global RFID printer market revenue is experiencing a notable upsurge driven by a mounting need for more effective and sophisticated inventory management systems. Businesses are seeking solutions that can seamlessly track and forecast the flow of raw materials, streamline stockpiling processes, and optimize various operational procedures. This demand surge is steering the growth trajectory of RFID printers, as they offer the capability to enhance inventory control and management efficiency.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.60 billion |
| Market size value in 2031 | USD 2.56 billion |
| Growth Rate | 7.00% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on RFID Printer Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on RFID Printer Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the RFID Printer Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the RFID Printer Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the RFID Printer Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the RFID Printer Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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