Global RFID Readers Business Report 2023-2030 - Industry 4.0 & Smart Factory Augment the Business Case for RFID Readers

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Dec 05, 2023, 05:45 ET

DUBLIN, Dec. 5, 2023 /PRNewswire/ -- The "RFID Readers - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.

The global market for RFID Readers estimated at US$9.6 Billion in the year 2022, is projected to reach a revised size of US$24.3 Billion by 2030, growing at a CAGR of 12.3% over the analysis period 2022-2030. Handheld, one of the segments analyzed in the report, is projected to record 9.6% CAGR and reach US$12.3 Billion by the end of the analysis period. Growth in the Fixed segment is estimated at 15.9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $2.8 Billion, While China is Forecast to Grow at 15.6% CAGR

The RFID Readers market in the U.S. is estimated at US$2.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$5.2 Billion by the year 2030 trailing a CAGR of 15.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.5% and 11.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 11% CAGR.

Key Market Trends & Drivers

Digital Transformation Drive Augurs Well for Growth of RFID Readers Market
Potential of RFID in IoT Promises Future Opportunities
Strong Smart City Investments to Fuel Large-Scale Adoption
Number of Smart Cities Worldwide by Geographic Region (2025)
Transportation & Logistics: Major Consumers of RFID Readers
Focus on Smart Transportation to Enhance RFID Demand
Connected Cars Emerge to Accelerate the Smart Transportation Drive
RFID Readers Augment Vehicle Telematics
Widening Use Case of RFID Readers in Healthcare Sector
Growing Relevance of RFID in Hospitality Sector
Rising Uptake in Retail Sector Augurs Well
Food & Beverage: A Fast Growing End-Use Sector
Increased Acceptance in Manufacturing Settings to Underpin Market Expansion
Industry 4.0 & Smart Factory Augment the Business Case for RFID Readers
Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020
Agricultural Industry's Shift towards AgTech & Precision Agriculture Extend Opportunities
RFID-based RTLS for Improved Livestock Tracking
RFID Readers Gain Traction in Security & Access Control Applications
NFC-RFID Combination Seeks Role
Technology Advancements & Innovations

Select Companies Profiled in the Report

Denso Corporation
Datalogic SpA
Alien Technology
Denso Wave, Inc.
CAEN RFID Srl
GAO RFID, Inc.
Extronics Ltd.
Bluebird Inc.
DAILY RFID CO.,LIMITED
ELA Innovation
1st Choice Security Solutions, Inc.
AsReader, Inc.
Competition Electronic (Zhuhai) Company Limited
Element ID, Inc.
Bright Life

What`s New?

Special discussions on the global economic climate and market sentiment
Coverage on global competitiveness and key competitor percentage market shares
Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
Online interactive peer-to-peer collaborative bespoke updates
Access to digital archives and trademarked research platform
Complimentary updates for one year
Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes

Key Topics Covered:

1. MARKET OVERVIEW

Impact of Covid-19 and a Looming Global Recession
COVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
Industrial and Commercial Activity Remains Subdued, Inducing Weakness into RFID Technology Market
Global PMI Index Points for the Years 2018, 2019 & 2020
COVID-19 Pandemic Effect on Key End-Use Sectors
Percentage of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of August 2020
Radio Frequency Identification (RFID): A Prelude
An Introduction to Radio Frequency Identification (RFID) Readers
Global Market Prospects & Outlook for RFID Readers
Analysis by Type: Handheld Readers Segment Leads the Market
World RFID Readers Market by Type (2020 & 2027): Percentage Breakdown of Sales for Handheld, and Fixed
Transportation & Logistics End-Use Industry to Spearhead Market Growth
World RFID Readers Market by End-Use (2020 & 2027): Percentage Breakdown of Sales for Transportation & Logistics, Retail, Healthcare, Food & Beverages, Hospitality, Government, and Other End-Uses
Regional Analysis: Developed Regions Lead RFID Readers Market, Developing Nations Promise Future Growth
World RFID Readers Market by Region (2020 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
Global RFID Readers Market: Geographic Regions Ranked by CAGR (Value) for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Canada, USA, Africa, Europe, and Japan
Competitive Scenario
Recent Market Activity
Select Global Brands
RFID Readers - Global Key Competitors Percentage Market Share in 2022 (E)
Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

For more information about this report visit https://www.researchandmarkets.com/r/377h3g

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