RFID Printer Market Growth, Future Scope, Challenges, Opportunities 2027

 RFID Printer Market Research Report - Global Forecast 2023

Market Highlights

Market Research Future (MRFR), in its latest “RFID Printer Market” report, states that the global market of RFID printer is poised to touch USD 4.82 billion by 2023 and expand at 4.90% CAGR across the study period of 2017 to 2023 (forecast period). MRFR identified that the surge in the use of RFID labels over other conventional methods for the identification of objects to be the primary cause for the rapid growth of the RFID printer market.

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Segmentation:

The global RFID Printer Market Size is studied in segments that are based on printer type, printing technology, and applications.

By printer type, the market is segmented into desktop printers, industrial printers, and mobile printers. By printing technology, the market is segmented into direct thermal, thermal transfer, and inkjet. By application, the market is segmented into manufacturing, transportation and logistics, retail, entertainment, government, healthcare, and others. The manufacturing sector is anticipated to gain high traction for the market, as RFID solutions are used for streamlining the supply chain procedures.

Key Players

Dascom, Avery Dennison Corporation, Zebra Technologies Corporation, Postek Electronics Co., Ltd., Seiko Epson Corporation, Wasp Barcode Technologies, Toshiba Tec Corp., Honeywell International Inc., TSC Auto ID Technology Co., Ltd, SATO Holdings Corporation, and Godex International Co. Ltd. Acquisitions and mergers, and investments in research and developmental activities are some strategies adopted by RFID printer developers to expand their business, while such instances are expected to work in favor of the global market of RFID printer to gain high profits.

Regional Outlook

The RFID printer market in the Asia Pacific region is likely to stay ahead of the growth curve. The APAC RFID printer market is expected to be driven by rising demand and rapid industrialization. The strong economic growth of the region and emergence of numerous small and medium businesses are expected to boost the regional RFID printer market growth. The penetration of e-commerce and rise in online sales are also likely to trigger the growth of the RFID printer market in APAC. The market in North America is likely to show decent growth due to the rising need for RFID tags in the booming logistics and transport industries.

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Global RFID Printer Market, By Printer Type (Industrial Printers, Desktop Printers and Mobile Printers), By Printing Technology (Thermal Transfer, Direct Thermal and Inkjet), By Application (Manufacturing, Retail, Transportation and Logistics, Healthcare, Government, Entertainment and Others) - Forecast 2023


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