Pune, India, March 2021, MRFR Press Release/- Market Research Future has published a Cooked Research Report on the Global RFID Printer Market.
Global RFID Printer Market is expected to reach USD 5,804.9 Million by 2026 at a CAGR of 5.65% during the forecast period. Market Research Future (MRFR), in its report, envelops segmentation and drivers to provide a better glimpse of the market in the coming years. RFID labels have become a standard for a number of applications across industries. Specific printers are used to create these tags and labels which help in saving time and manpower for stock management. The study also indicates that there would be a significant demand for RFID printers in the manufacturing industry due to need for high accuracy and reduction of human errors.
The Key Players of the Global RFID Printer Market are Zebra Technologies Corporation, Sato Holdings Corporation, Honeywell International Inc., Toshiba Corp., Avery Dennison Corporation, Seiko Epson Corporation, TSC Auto ID Technology Co., Ltd, Dascom, Postek Electronics Co., Ltd, GODEX International Co. Ltd., OKI Data Americas, Inc., PRINTRONIX AUTO ID, ID Technology, LLC, and Miles Data Technologies among others.
In January 2020, Sato launched the CT4-LX smart mini label printer. It is equipped with a color touch panel LCD for intuitive operation. The printer is easy to use for operators of varying skill levels, in a space-saving manner, widely across many sectors and geographic regions.
In October 2019, Avery Dennison Corporation launched a portable RFID label-printing device that allows retailers to print, encode, and apply an EPC UHF RFID tag to a cargo package, product, or asset, which improves the efficiency of retailers in printing and affixing the labels.
In September 2019, Printronix launched a T4000 RFID thermal barcode printer to print and encode on-metal and traditional labels. The thermal barcode printer is used in various industries, including manufacturing, healthcare, and IT.
Global RFID Printer Market has been segmented based on Type, Price Range, Printing Technology, Frequency, Application, and Region.
Based on price range, the global market has been segmented into UP TO USD 2,000, USD 2,001–USD 4,000, ABOVE USD 4,001. The USD 2,001–USD 4,000 segment accounted for the largest market share in 2018, with a market value of USD 1,459.8 million; it is expected to register a CAGR of 5.10% during the forecast period. This segment takes into consideration the RFID printers that fall in the price range of USD 2,000 and below.
By printing technology, the market has been segmented into Thermal Transfer, Direct Thermal, Inkjet. The Thermal Transfer segment accounted for the largest market share in 2018, with a market value of USD 1,520.1 million. Thermal transfer is a digital printing technique wherein the ink material is applied to the tag by melting a portion of the ribbon. Direct thermal printing technology eliminates the need for ribbon, unlike thermal transfer printing. The RFID tags printed with this technique are suitable for indoor applications but are not suitable for applications where the tag is exposed to external conditions.
By Frequncy, the market has been segmented into Low Frequency (LF), High Frequency (HF), Ultra-High Frequency (UHF). High Frequency (HF) accounted for the largest market share in 2018, with a highest market value and it is expected to register a CAGR of 5.28% during the forecast period. The LF RFID printers largely have an operating range lies between 125 and 134 kHz. These tags have a slow data transfer rate and low read distance. The HF printers are set at 13.56 MHz These tags have a wide range of transfer rates and read distances. The UHF is the global standard set for RFID printers, and the operating range lies between 865 and 960 MHz These tags have an extremely high read distance and high data transfer rates.
By application, the market has been segmented into manufacturing, retail, transportation & logistics, healthcare, government, entertainment, others. The manufacturing segment accounted for the largest market share in 2018, with a highest market value and it is expected to register a CAGR of 5.49% during the forecast period. Manufacturing facilities use RFID printers to mark serial numbers, time, date, QR codes, and tags on cases. The tag is attached to the finished product, thereby providing a comprehensive inventory status of the product. RFID printers accelerate several retail processes, thereby saving time and enhancing the customer experience in stores. RFID printers are ideal for the transport and logistics industry to ensure a smooth flow of consignments in the supply chain. Several medical facilities have implemented identification systems accompanied by the use of scanners and RFID printers to avoid the recurrence of medical malpractice in the healthcare sector.
The global RFID printer market, by region, has been segmented into North America, Europe, Asia-Pacific, Rest of the World. Asia-Pacific accounted for the largest market share in 2018, with a market value of USD 1,310.3 million; the market is expected to register the CAGR of 6.70% during the forecast period. North America was the second-largest market in 2018, valued at USD 1,154.5 million; the market is projected to exhibit a CAGR of 5.75%. Industrial printers are widely used in this region, followed by desktop and mobile printers. Increasing demand for RFID solutions in the healthcare sector and retail in North America is envisaged to fuel the regional market's growth over the forecast period.