The future of the global
RFID Reader Market looks promising with opportunities in the transportation
& logistics, healthcare, hospitality, food & beverage, retail,
manufacturing, and government markets. The global RFID reader market is
expected to reach an estimated $22.6 billion by 2030 with a CAGR of 9.4% from
2024 to 2030. The major drivers for this market are increasing use of RFID in
businesses for inventory and equipment tracking, rising preference for
cloud-based RFID readers, and growing use of these tags to read ids through
barriers and from a distance.
Some of the key questions
answered in this exclusive report are:
Q.1. What are some of
the most promising, high-growth opportunities for the RFID reader market by
product type (handheld RFID reader and fixed RFID reader), frequency band (low
frequency, high frequency, and ultra-high frequency), end use industry
(transportation & logistics, healthcare, hospitality, food & beverage,
retail, manufacturing, and government), and region (North America, Europe, Asia
Pacific, and the Rest of the World)?
Q.2. Which segments will
grow at a faster pace and why?
Q.3. Which region will
grow at a faster pace and why?
Q.4. What are the key
factors affecting market dynamics? What are the key challenges and business
risks in this market?
Q.5. What are the
business risks and competitive threats in this market?
Q.6. What are the
emerging trends in this market and the reasons behind them?
Q.7. What are some of
the changing demands of customers in the market?
Q.8. What are the new
developments in the market? Which companies are leading these developments?
Q.9. Who are the major
players in this market? What strategic initiatives are key players pursuing for
business growth?
Q.10. What are some of
the competing products in this market and how big of a threat do they pose for
loss of market share by material or product substitution?
Q.11. What M&A
activity has occurred in the last 5 years and what has its impact been on the
industry?
Market Segmentation:
In this market, handheld
and fixed are the major segments of RFID reader market by product type.
Lucintel forecasts that handheld is expected to witness higher growth over the
forecast period due to its rising usage among users given to its lightweight
and ease of use. Within this market, transportation & logistics is expected
to witness highest growth over the forecast period due to increasing use of
RFID readers on vehicles to distinguish them at the locations.
North America is
expected to witness highest growth over the forecast period due to significant
demand for RFID readers in retail and automotive sector and presence of key
players in the region.
Alien Technology,
Applied Wireless Identifications, Avery Dennison, CAEN RFID, Honeywell
International, Impinj, Invengo Technology, Motorola Solutions, Zebra
Technologies, and Unitech Electronics are the major suppliers in the RFID
reader market.
About
Lucintel
Lucintel, the premier global
management consulting and market research firm, creates winning strategies for
growth. It offers market assessments, competitive analysis, opportunity
analysis, growth
consulting, M&A, and due diligence services to executives and
key decision-makers in a variety of industries.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. 972.636.5056
Related reports
1.Computer and Peripheral Connector Market
2.Multilayer Ceramic Capacitor Market
3. Semiconductor Wafer Cleaning Equipment Market
4. Printed Circuit Board
Market:
6. Connector Market:
9. Sensor Market:
10. Smart Card IC Market:
No comments:
Post a Comment