the RFID printers market size is expected to grow from US$ 1,745.4 Mn in 2022 to US$ 2,654.4 Mn by 2028, at a Compound Annual Growth Rate (CAGR) of 7.2% during the forecast period.
Radio Frequency Identification (RFID) labels are particularly popular in the retail sector. This growth is a result of increased adoption of RFID printing technology with the help of specialized RFID printers. The global market for RFID printers is expected to prosper in the next few years due to the increasing reliance of various end-use segments for RFID labels. According to forecasts provided in a new research report titled ‘ RFID Printer Market: Global Market Analysis (2017-2021) and Opportunity Assessment (2022-2028)’ published by Future Market Insights , the global RFID Printer Market is projected to reach the market It’s possible.
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RFID Printers Market: Retail to Drive Market
The global RFID printer market is expected to grow at a strong pace as the forecast becomes clear that the industry’s dependence on RFID tags will increase. Several industries such as banking and healthcare for finance and product tracking are driving the demand for RFID tag adoption. The growing demand for RFID tags is associated with advantages such as silicon chip-free, maintenance-free, relatively low cost, and application in bank cards and e-passports. According to Markets Research by FMI, the retail industry is expected to hold the largest share of value in the global RFID market.
RFID Printer Market: Key Trends
Rising adoption of RFID printing and advances in printed electronics allow RFID developers to create thin and flexible RFID tags. These tags can be integrated with printed sensors, thin-film photovoltaic cells, and other technologies. Additionally, the growing use of electronic printing and ink technology allows RFID vendors to print their own chipless RFID tags in the field depending on their requirements. Several major players in the global market are developing 3D printing technology to enable businesses to print RFID tags directly on their products. In addition, it is reported that the advent of the technology will lead to the introduction of RFID laser printing technology in the near future. Companies have focused on providing improved cost-effective solutions with RFID printers. Moreover, as a result of these efforts, RFID laser printing technology was introduced to provide improved printing output to the end user. In addition to quality, this technology increases the printer’s printing speed, increases product life, and lowers the overall operating and maintenance costs of RFID printers.
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RFID Printer Market: Competitive Landscape
This comprehensive report highlights the key players in the market that have competed strongly and efficiently in the global market. Some of these major companies included in the report are Honeywell International, SATO Holdings, Toshiba Tec Corporation, Avery Dennsion Corporation, Lexmark and GODEX INTERNATIONAL. In the coming years, more innovations of the company are expected to emerge in the global RFID Printer market to form a strong marketing strategy.
By product type
- Desktop RFID Printer
- Industrial RFID Printer
- Mobile RFID Printer
By print type:
- Direct Thermal RFID Printing
- Thermal RFID Printing
- health care
- North America
- Latin America
- Western Europe
- Eastern Europe
- South Asia and Pacific
- Middle East and Africa
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