According to Inkwood Research, the global RFID readers market is projected to register a CAGR of 8.78% during the estimated period and is anticipated to generate revenue of $4453 million by 2028. The base year considered for the market study is 2020, and the forecast years are from 2021 to 2028.

GLOBAL RFID READERS MARKET FORECAST 2021-2028

Global RFID Readers Market by Industry ( Retail, Logistics and Transportation, Healthcare, Manufacturing, Food and Beverages, Hospitality, Government ) Market by Frequency ( Ultra-high Frequency, High Frequency, Low Frequency ) Market by Reader Type ( Handheld Readers, Fixed Readers ) by Geography.

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According to Inkwood Research, the global RFID readers market is projected to register a CAGR of 8.78% during the estimated period and is anticipated to generate revenue of $4453 million by 2028. The base year considered for the market study is 2020, and the forecast years are from 2021 to 2028.

RFID (Radio Frequency Identification) is a wireless technology that utilizes radio waves for connecting individuals, things, or devices. The information can be shared over the cloud (internet), as well. The RFID system includes RFID tags, readers, and software with tags containing the data written and read using RFID readers. RFID readers are devices functioning as radio frequency transmitters and receivers of data or information from RFID tags. The readers can be fixed or handheld devices.RFID Readers Market

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RFID technology plays a vital role in managing the growing complexity of the supply chain and has also enabled better visibility at crucial points in the chain. While the system can handle multiple items at a given time, the data collected can be managed, stored, and shared over the cloud. As a result, the technology is extensively being used across retail, logistics, and manufacturing industries.

Key factors propelling the global RFID readers market growth:

  • Performance of retail sector
  • Complexities related to supply chain
  • The constant increase in products, customers, distribution channels, and regions has complicated the supply chain.
  • Complexities such as operations globalization, customer accommodation, supplier complexity, and others cause disruptions in the supply chain’s functioning.
    • Benefits of RFID over other related technology in a challenging scenario
    • Benefits of RFID technology in healthcare sector

Major growth restraining factors:

  • Security challenges
    • With increasing data breaches occurring due to cyber-attacks, RFID technology faces significant security challenges.
    • Counterfeiting and theft of products may ensue due to the leak of crucial data from the system.
  • Other miscellaneous challenges

The report on the global RFID readers market includes the segmentation analysis based on reader type, frequency, and industry. These segments are further classified to provide a detailed analysis of the studied market.

Market by Industry:

  • Logistics and Transportation
  • Retail
    • Under the industry category, retail is one of the largest segments within the global RFID readers market.
    • The growing adoption of technology in managing the flow of goods and the rise in the e-commerce sector is set to boost the segment’s growth.
  • Healthcare
  • Food and Beverages
  • Hospitality
  • Manufacturing
  • Government

Geographically, the global RFID readers market has been segmented based on four major regions, which includes:

  • North America: The United States and Canada
  • Europe: Germany, the United Kingdom, Italy, France, Belgium, Russia, Poland, and Rest of Europe
  • Asia-Pacific: India, China, Japan, South Korea, Indonesia, Thailand, Vietnam, Australia & New Zealand, and Rest of Asia Pacific.
    • The Asia-Pacific is the fastest-growing market for RFID readers. Moreover, the majority of the emerging economies, such as India, are located in this region.
    • A considerable increase in infrastructural development and rising consumer demand for goods and services make the region an attractive market.
    • The Asia-Pacific market is primarily driven by China, Japan, South Korea, Thailand, Indonesia, India, and others.
  • Rest of World: Latin America, the Middle East & Africa

Major market players operating in the global RFID readers market:

  • CAEN RFID
  • Invengo Technology Pte Ltd
  • Alien Technology
  • Zebra Technologies Corp
  • Impinj Inc

Key strategies adopted by some of these companies:

In May 2021, CAEN RFID’s collaboration with R4i enabled the use of CAEN RFID readers on the Nebula platform, with a smooth and rapid implementation of RFID based-track & trace solutions.

Key findings of the global RFID readers market:

  • Ultra-high Frequency (UHF) is the largest frequency.
  • Fixed reader is the fastest-growing reader type.
  • The logistics and transportation segment is set to dominate the industry category.

 

Frequently Asked Questions (FAQs):

  • Which is the fastest-growing industry in the global RFID readers market?

A: Healthcare is the fastest-growing industry.

  • Which is the dominant reader type in the global RFID readers market?

A: As of 2020, handheld readers are the dominant reader type in the global RFID readers market.

  1. RESEARCH SCOPE & METHODOLOGY
    • STUDY OBJECTIVES
    • SCOPE OF STUDY
    • METHODOLOGY
    • ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    • MARKET SIZE & ESTIMATES
    • MARKET OVERVIEW
  3. MARKET DYNAMICS
    • MARKET SCOPE
    • KEY DRIVERS
      • PERFORMANCE OF RETAIL SECTOR
      • COMPLEXITIES RELATED TO SUPPLY CHAIN
      • BENEFITS OF RFID TECHNOLOGY IN HEALTHCARE SECTOR
      • BENEFITS OF RFID OVER OTHER RELATED TECHNOLOGY IN CHALLENGING SCENARIOS
    • KEY RESTRAINTS
      • SECURITY CHALLENGES
      • OTHER MISCELLANEOUS CHALLENGES
  1. KEY ANALYTICS
    • IMPACT OF COVID-19 ON RFID READERS MARKET
    • KEY MARKET TRENDS
    • PORTER’S FIVE FORCES ANALYSIS
      • BUYERS POWER
      • SUPPLIERS POWER
      • SUBSTITUTION
      • NEW ENTRANTS
      • INDUSTRY RIVALRY
    • OPPORTUNITY MATRIX
    • VENDOR LANDSCAPE
  2. MARKET BY INDUSTRY
    • RETAIL
    • LOGISTICS AND TRANSPORTATION
    • HEALTHCARE
    • MANUFACTURING
    • FOOD AND BEVERAGES
    • HOSPITALITY
    • GOVERNMENT
  3. MARKET BY FREQUENCY
    • ULTRA-HIGH FREQUENCY (UHF)
    • HIGH FREQUENCY
    • LOW FREQUENCY
  4. MARKET BY READER TYPE
    • HANDHELD READERS
    • FIXED READERS
  5. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • COUNTRY ANALYSIS
        • UNITED STATES
        • CANADA
    • EUROPE
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • COUNTRY ANALYSIS
        • UNITED KINGDOM
        • GERMANY
        • FRANCE
        • ITALY
        • RUSSIA
        • BELGIUM
        • POLAND
        • REST OF EUROPE
    • ASIA-PACIFIC
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • COUNTRY ANALYSIS
        • CHINA
        • JAPAN
        • INDIA
        • SOUTH KOREA
        • INDONESIA
        • THAILAND
        • VIETNAM
        • AUSTRALIA & NEW ZEALAND
        • REST OF ASIA-PACIFIC
    • REST OF WORLD
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • REGION ANALYSIS
        • LATIN AMERICA
        • MIDDLE EAST AND AFRICA
  1. COMPETITIVE LANDSCAPE
    • KEY STRATEGIC DEVELOPMENTS
      • MERGERS & ACQUISITIONS
      • PRODUCT LAUNCHES & DEVELOPMENTS
      • PARTNERSHIPS, CONTRACTS/AGREEMENTS & COLLABORATIONS
      • BUSINESS EXPANSIONS
    • COMPANY PROFILES
      • ALIEN TECHNOLOGY
      • APPLIED WIRELESS IDENTIFICATIONS GROUP INC
      • CAEN RFID SRL
      • HONEYWELL INTERNATIONAL
      • IMPINJ INC
      • INVENGO TECHNOLOGY PTE LTD
      • JADAK- A NOVANTA COMPANY
      • LOWRY SOLUTIONS INC
      • MOTOROLA SOLUTIONS INC
      • ZEBRA TECHNOLOGIES CORP

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – RFID READERS

TABLE 2: GLOBAL RFID READERS MARKET, BY INDUSTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 3: GLOBAL RFID READERS MARKET, BY INDUSTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 4: GLOBAL RETAIL MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 5: GLOBAL RETAIL MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 6: GLOBAL LOGISTICS AND TRANSPORTATION MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 7: GLOBAL LOGISTICS AND TRANSPORTATION MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 8: GLOBAL HEALTHCARE MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 9: GLOBAL HEALTHCARE MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 10: GLOBAL MANUFACTURING MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 11: GLOBAL MANUFACTURING MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 12: GLOBAL FOOD AND BEVERAGES MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 13: GLOBAL FOOD AND BEVERAGES MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 14: GLOBAL HOSPITALITY MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 15: GLOBAL HOSPITALITY MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 16: GLOBAL GOVERNMENT MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 17: GLOBAL GOVERNMENT MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 18: GLOBAL RFID READERS MARKET, BY FREQUENCY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 19: GLOBAL RFID READERS MARKET, BY FREQUENCY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 20: GLOBAL ULTRA-HIGH FREQUENCY (UHF) MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 21: GLOBAL ULTRA-HIGH FREQUENCY (UHF) MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 22: GLOBAL HIGH FREQUENCY MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 23: GLOBAL HIGH FREQUENCY MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 24: GLOBAL LOW FREQUENCY MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 25: GLOBAL LOW FREQUENCY MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 26: GLOBAL RFID READERS MARKET, BY READER TYPE, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 27: GLOBAL RFID READERS MARKET, BY READER TYPE, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 28: GLOBAL HANDHELD READERS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 29: GLOBAL HANDHELD READERS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 30: GLOBAL FIXED READERS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 31: GLOBAL FIXED READERS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 32: GLOBAL RFID READERS MARKET, BY GEOGRAPHY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 33: GLOBAL RFID READERS MARKET, BY GEOGRAPHY, FORECAST YEARS, 2021-2028 (IN MILLION)

TABLE 34: NORTH AMERICA RFID READERS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 35: NORTH AMERICA RFID READERS MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 36: KEY PLAYERS OPERATING IN NORTH AMERICA RFID READERS MARKET

TABLE 37: EUROPE RFID READERS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 38: EUROPE RFID READERS MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 39: KEY PLAYERS OPERATING IN EUROPE RFID READERS MARKET

TABLE 40: ASIA-PACIFIC RFID READERS MARKET, BY COUNTRY, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 41: ASIA-PACIFIC RFID READERS MARKET, BY COUNTRY, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 42: KEY PLAYERS OPERATING IN THE ASIA-PACIFIC RFID READERS MARKET

TABLE 43: REST OF WORLD RFID READERS MARKET, BY REGION, HISTORICAL YEARS, 2016-2020 (IN $ MILLION)

TABLE 44: REST OF WORLD RFID READERS MARKET, BY REGION, FORECAST YEARS, 2021-2028 (IN $ MILLION)

TABLE 45: KEY PLAYERS OPERATING IN THE REST OF WORLD RFID READERS MARKET

TABLE 46: LIST OF MERGERS & ACQUISITIONS

TABLE 47: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 48: LIST OF PARTNERSHIPS, CONTRACTS/AGREEMENTS & COLLABORATIONS

TABLE 49: LIST OF BUSINESS EXPANSIONS

LIST OF FIGURES

FIGURE 1: KEY MARKET TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: OPPORTUNITY MATRIX

FIGURE 4: VENDOR LANDSCAPE

FIGURE 5: GLOBAL RFID READERS MARKET, GROWTH POTENTIAL, BY INDUSTRY, IN 2020

FIGURE 6: GLOBAL RFID READERS MARKET, BY RETAIL, 2021-2028 (IN $ MILLION)

FIGURE 7: GLOBAL RFID READERS MARKET, BY LOGISTICS AND TRANSPORTATION, 2021-2028 (IN $ MILLION)

FIGURE 8: GLOBAL RFID READERS MARKET, BY HEALTHCARE, 2021-2028 (IN $ MILLION)

FIGURE 9: GLOBAL RFID READERS MARKET, BY MANUFACTURING, 2021-2028 (IN $ MILLION)

FIGURE 10: GLOBAL RFID READERS MARKET, BY FOOD AND BEVERAGES, 2021-2028 (IN $ MILLION)

FIGURE 11: GLOBAL RFID READERS MARKET, BY HOSPITALITY, 2021-2028 (IN $ MILLION)

FIGURE 12: GLOBAL RFID READERS MARKET, BY GOVERNMENT, 2021-2028 (IN $ MILLION)

FIGURE 13: GLOBAL RFID READERS MARKET, GROWTH POTENTIAL, BY FREQUENCY, IN 2020

FIGURE 14: GLOBAL RFID READERS MARKET, BY ULTRA-HIGH FREQUENCY (UHF), 2021-2028 (IN $ MILLION)

FIGURE 15: GLOBAL RFID READERS MARKET, BY HIGH FREQUENCY, 2021-2028 (IN $ MILLION)

FIGURE 16: GLOBAL RFID READERS MARKET, BY LOW FREQUENCY, 2021-2028 (IN $ MILLION)

FIGURE 17: GLOBAL RFID READERS MARKET, GROWTH POTENTIAL, BY READER TYPE, IN 2020

FIGURE 18: GLOBAL RFID READERS MARKET, BY HANDHELD READERS, 2021-2028 (IN $ MILLION)

FIGURE 19: GLOBAL RFID READERS MARKET, BY FIXED READERS, 2021-2028 (IN $ MILLION)

FIGURE 20: NORTH AMERICA RFID READERS MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 21: UNITED STATES RFID READERS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 22: CANADA RFID READERS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 23: EUROPE RFID READERS MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 24: UNITED KINGDOM RFID READERS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 25: GERMANY RFID READERS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 26: FRANCE RFID READERS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 27: ITALY RFID READERS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 28: RUSSIA RFID READERS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 29: BELGIUM RFID READERS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 30: POLAND RFID READERS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 31: REST OF EUROPE RFID READERS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 32: ASIA-PACIFIC RFID READERS MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 33 CHINA RFID READERS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 34: JAPAN RFID READERS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 35: INDIA RFID READERS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 36: SOUTH KOREA RFID READERS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 37: INDONESIA RFID READERS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 38: THAILAND RFID READERS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 39: VIETNAM RFID READERS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 40: AUSTRALIA & NEW ZEALAND RFID READERS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 41: REST OF ASIA-PACIFIC RFID READERS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 42: REST OF WORLD RFID READERS MARKET, REGIONAL OUTLOOK, 2020 & 2028 (IN %)

FIGURE 43: LATIN AMERICA RFID READERS MARKET, 2021-2028 (IN $ MILLION)

FIGURE 44: MIDDLE EAST AND AFRICA RFID READERS MARKET, 2021-2028 (IN $ MILLION)

  1. MARKET BY INDUSTRY
    • RETAIL
    • LOGISTICS AND TRANSPORTATION
    • HEALTHCARE
    • MANUFACTURING
    • FOOD AND BEVERAGES
    • HOSPITALITY
    • GOVERNMENT
  2. MARKET BY FREQUENCY
    • ULTRA-HIGH FREQUENCY (UHF)
    • HIGH FREQUENCY
    • LOW FREQUENCY
  3. MARKET BY READER TYPE
    • HANDHELD READERS
    • FIXED READERS
  4. GEOGRAPHICAL ANALYSIS
    • NORTH AMERICA
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • COUNTRY ANALYSIS
        • UNITED STATES
        • CANADA
    • EUROPE
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • COUNTRY ANALYSIS
        • UNITED KINGDOM
        • GERMANY
        • FRANCE
        • ITALY
        • RUSSIA
        • BELGIUM
        • POLAND
        • REST OF EUROPE
    • ASIA-PACIFIC
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • COUNTRY ANALYSIS
        • CHINA
        • JAPAN
        • INDIA
        • SOUTH KOREA
        • INDONESIA
        • THAILAND
        • VIETNAM
        • AUSTRALIA & NEW ZEALAND
        • REST OF ASIA-PACIFIC
    • REST OF WORLD
      • MARKET SIZE & ESTIMATES
      • KEY GROWTH ENABLERS
      • KEY CHALLENGES
      • KEY PLAYERS
      • REGION ANALYSIS
        • LATIN AMERICA
        • MIDDLE EAST AND AFRICA

 

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