ID: MRFR/SEM/3120-CR | February 2021 | Region: Global | 194 pages
Global RFID Printer Market valued at USD 3,993.6 Million in 2019 and is expected to reach USD 5,804.9 Million by 2026 with a CAGR of 5.65% during the forecast period, 2020–2026.
An RFID printer is a printer that creates RFID smart labels. These labels use radio frequency technology to transmit information through user systems. These printers add specific digital functionality to images by embedding RFID labels into different types of print formats. 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 growth of the e-commerce industry and need for improvement in inventory management are factors contributing to the growth of the global RFID printer market. The rapid pace of digitalization has tremendously widened the scope for RFID printers. These labels are printed in different sizes and are particularly used for printing labels and label cartons with Universal Product Codes or European Article Numbers before product shipment. Various industry verticals face increased demand for high mobility, remote printing capabilities, and a mobile workforce.
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 a 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%.
Global RFID Printer Market, By Type (2019 Vs 2026)
Source: MRFR Analysis
Based on type, the Global RFID Printer Market has been segmented industrial printers, desktop printers, mobile printers. The industrial printers segment accounted for the largest market share in 2018, with a market value of USD 1,709.4 million; it is expected to register the highest CAGR of 6.45% during the forecast period. Industrial printers are highly durable, specifically designed to withstand adverse industrial conditions. These printers can produce 10,000+ tags per day. These printers are capable of high-volume tag printing and have wider media widths as compared to other printer sizes, which helps it navigate the rapidly evolving business landscape. Desktop RFID printers are highly intuitive and flexible with USB, parallel, and serial connectivity interfaces. These printers have the capability to produce 1,000+ tags per day. Mobile printers are widely used for shelf edge tagging, markdown tagging, mobile point of sale receipts generation, pick and pack tagging, and cross-docking. These printers have the capability to produce 200+ tags per day.
Global RFID Printer Market, by region, has been segmented into North America, Europe, Asia-Pacific, the 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 a 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%.
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.
Key Questions Addressed by the Report
Frequently Asked Questions (FAQ) :
Adoption of new technologies and demand for smartphones are drivers of the global RFID printer market.
The global RFID printer market growth can be impeded by its high manufacturing costs.
The global RFID printer market valuation can touch USD 4.82 billion by 2023.
The global RFID printer market is likely to enjoy a CAGR of 4.90% from 2017 to 2023.
North America can lead in the global RFID printer market till 2023.
TSC Auto ID Technology Co., Ltd, Toshiba Tec Corp., Honeywell International Inc., Wasp Barcode Technologies, Avery Dennison Corporation, Seiko Epson Corporation, Postek Electronics Co., Ltd., SATO Holdings Corporation, Godex International Co. Ltd., Dascom, and Zebra Technologies Corporation are prominent players of the global RFID printer market.