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RFID Readers Market Segmented By style that is Handheld, Fixed, USB, RAIN, Bluetooth, Snap-on, Vehicle, iphone with type that is Ethernet, USB, Bluetooth, RS-232 Serial
The Radio Frequency Identification (RFID) technology incorporates electromagnetic fields in radio frequency portion of the electromagnetic spectrum to identify an object, animal, device or person. An RFID system has been developed on this technology, and the system consists of three components including RFID reader, RFID tags and RFID software and middleware.
An RFID reader is a device that is used to interrogate an RFID tag. The reader’s antenna emits radio waves to communicate with radio tags that stores specific information about the object/item. This information provides identification for an item, proof of ownership, original storage location and history.
In order to scan data from a tag, the RFID readers have to be tuned to the frequency as that of a tag. Earlier every region was assigned a specific band of radio spectrum for RFID which led to lack of standardization. In order to avoid these many areas have now specified three frequency ranges namely low frequency (125 or 134 kHz), high frequency (13.56 MHz), and ultra-high spectrum (865 to 868 MHz). This standard frequency has driven the adoption of RFID technology.
Rising need for efficient supply chain management, increasing demand for RFID systems in transport and healthcare sectors are driving the adoption of RFID system in the market. Also, growth in retail industry and integration of new technology in the RFID readers are driving the growth of RFID readers market.
The high cost of reading equipment, lack of standardizations are hampering the growth of the market. Issues in scanning the tags by the readers are further restraining the growth of RFID readers market.
The key trends in the RFID readers market are growing number of partnerships between organizations in order to develop an innovative product. The higher adoption rate of RFID technology is also trending in the market.
The key players of the Motorola Solutions, Inc., Zebra Technologies, Impinj, Inc., Honeywell International Inc., Unitech Limited, Technology Solutions Ltd, Datalogic SpA, RF IDeas, Inc., Applied Wireless Identifications Group, Inc. and Intermec.
North America is expected to be the largest market for RFID Readers market. The majority of RFID Readers vendors such as Motorola Solutions, Inc., Zebra Technologies and Honeywell International Inc. are based in North America region.
This is attributed to increasing digitalization and industrialization in the region. The market is anticipated to grow in Europe region due to presence of other vendors like Technology Solutions Ltd and Datalogic SpA in the region.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.