RFID Printer Market Key Leaders, Emerging Technology, future 2027

Market Overview:

An RFID printer is mostly used for creating RFID smart labels. The RFID printers are mostly used for radiofrequency technology so that they can transmit information to the users. This printer is mostly used to add digital functionality to the images by embedding the label into the different types of print formats. The RFID labels are widely popular in the industry because of the huge use in the number of applications. This is used in multiple industries for creating tags and labels. The RFID Printer Market Size is continuously growing because of multiple reasons. It saves time and extra cost.

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Key Players

The key players in the global RFID Printer Market Share include- Zebra Technologies Corporation, SATO Holdings Corporation, Honeywell International Inc., Toshiba Tec Corp., Avery Dennison Corporation, Seiko Epson Corporation, TSC Auto ID Technology Co., Ltd, Wasp Barcode Technologies, Dascom, Postek Electronics Co., Ltd. and Godex International Co. Ltd. among others.

RFID Printer Market – Segmentation

The Global RFID Printer Market is segmented into three segments and which are industrial printers, mobile printers, and desktop printers. Among these three segments, the industrial printer holds the largest market share. In 2018 the RFID Printer Market Share reported holding a value of up to USD 1,709.4 million. These are highly popular in the market because of its features like durability, longevity and it is manufactured in such a way so that they can withstand in any situations. It allows users to produce up to 10,000+ tags per day. At the same time, the Desktop RFID printers are flexible, parallel, and highly intuitive. It has the capability to produce up to 1,000+ tags per day. Mobile printers have the power to produce200+ tags per day, and it is used for pick and pack tagging, markdown tagging, and cross-docking.

RFID Printer Market – Regional Analysis

The global RFID printer market is expected to grow significantly over the forecast period, 2017-2023. RFID Printer segment market globally drives the market majorly due to growing demand of electronic devices. Technological advancement in consumer electronics such as TV, microwave, smartphones, fitness trackers are expected to expected to grow the market in past few years.

The global RFID printer market segmented into four main regions such as North America, Asia-Pacific, Europe and Rest of the World. Asia Pacific region hold the largest share of the total RFID printer market in terms of revenue. Technology-enabled capabilities and high competition between traditional and online retailers shows tremendous growth in retail in industry. Digital retail sales in Asia-Pacific is growing faster due to the improving economies in China, India and Indonesia. In 2015, China accounted for around 40% of the global retail ecommerce sales. Ecommerce is the primary driving factor behind the growth of overall retail sales in Asia Pacific. Number of retailers are focusing towards adopting digital infrastructure. In addition, increasing need to improve inventory management due to safety issue, excess stock, customer service, ordering information of products, the demand of RFID printers increases.

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