RFID Printer Market is Gaining an Upward Trend Due to Growing Demand of Smartphone and Technology Adoption

RFID Printer Market, By Printer Type (Industrial Printers, Desktop Printers and Mobile Printers) and By Printing Technology (Thermal Transfer, Direct Thermal and Inkjet)

Pune, India - June 13, 2019 /MarketersMedia/ —

Market Highlights

The global RFID printer market size is poised to reach USD 4.82 billion by 2023, according to MRFR. It is driven by the need for labels for identification of objects. Its application in inventory and warehouse management is expected to bolster market demand exponentially. Adoption of RFID tags in manufacturing, logistics, healthcare, and transportation is likely to result in the market expanding at 4.90% CAGR from 2017 to 2023 (forecast period).

Radiofrequency identification (RFID) has transformed the way of identifying objects and living things. It relies on electromagnetic fields to pinpoint tags attached to objects. This can be used to discern the location of objects within a certain range. RFID printers can print out data to RFID chips which are embedded in labels. The global RFID printer market report by Market Research Future (MRFR) covers its scope in various industries and its implication in top regions.

The boom in the healthcare sector can be attributed to adoption of technology as well as rise in patient numbers. RFID printers have played a major role in protecting hospital equipment as well as tracking patient movements. For instance, IntelligentM has produced RFID tags embedded in wristbands of hospital staff for tracking their hygiene movements. This is used as a preventive measure for protecting patients and hospital staff and taking appropriate measures in case of infections. Penetration of internet of things (IoT) has acted as a catalyst with smart homes being the next big application for the RFID printer market.

High costs of RFID printers and availability of barcode printers are challenges faced by the market.

Get a Free Sample @ https://www.marketresearchfuture.com/sample_request/4538

Major Key players

• Avery Dennison Corporation
• Dascom
• Postek Electronics Co. Ltd.
• Zebra Technologies Corporation
• Toshiba Tec Corp.
• Seiko Epson Corporation
• TSC Auto ID Technology Co., Ltd
• Honeywell International Inc.
• SATO Holdings Corporation
• Wasp Barcode Technologies
• Godex International Co. Ltd.

Industry Buzz

The logistics sector is in the midst of a transformation with the high need for smart packaging solutions. In 2019, HP Brazil has introduced labels and other printed materials which can be pasted on objects and tracked with the help of a smartphone application. This is expected to create transparency between retailers and distributors and foster trust. It can also be used in pinpointing problems or delays during transport of materials.

Segmentation

The global RFID printer market can be segmented on the basis of printer type, printing technology, applications and region.

Based on printer type, the market is segmented into industrial printers, desktop printers, and mobile printers.
By printing technology, the market is segmented into thermal transfer, direct thermal, and inkjet.
Applications catered by the RFID printer market include transportation and logistics, manufacturing, retail, entertainment, healthcare, government, and others. The manufacturing sector is expected to contribute the maximum revenue to the market owing to heavy investments. In addition, the need for RFID solutions for streamlining the supply chain is likely to bode well for the overall market growth.

Regional Outlook

Asia Pacific (APAC) is expected to exhibit a robust growth rate owing to demand from countries such as China, India, and Japan due to rapid industrialization. Strong economic growth coupled with emergence of various small and medium businesses is projected to drive regional market growth. Online sales and the humongous growth in the ecommerce sector is expected to trigger demand in the RFID printer market.

North America is touted to be the second best performing region due to constant trade and the need for logistics to transport goods safely. Consumer shopping patterns have pushed the growth of retail stores, which in turn have called for the need of RFID printers. Novel product developments have pushed the envelope as evident with the launch of ZT600 and ZT510 series of printers which can deliver in the harshest industrial environments.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/rfid-printer-market-4538

List of Tables

TABLE 1 RFID PRINTER MARKET, BY PRINTER TYPE
TABLE 2 RFID PRINTER MARKET, BY PRINTING TECHNOLOGY
TABLE 3 RFID PRINTER MARKET, BY APPLICATION
TABLE 4 RFID PRINTER MARKET, BY APPLICATION
TABLE 5 RFID PRINTER MARKET, BY GEOGRAPHY
TABLE 6 NORTH AMERICA RFID PRINTER MARKET, BY PRINTER TYPE
TABLE 7 NORTH AMERICA RFID PRINTER MARKET, BY PRINTING TECHNOLOGY
TABLE 8 NORTH AMERICA RFID PRINTER MARKET, BY APPLICATION
TABLE 9 NORTH AMERICA RFID PRINTER MARKET, BY APPLICATION
TABLE 10 U.S. RFID PRINTER MARKET, BY PRINTER TYPE
Continued…..

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact Info:
Name: Abhishek Sawant
Email: Send Email
Organization: Market Research Future
Website: https://www.marketresearchfuture.com/reports/rfid-printer-market-4538

Source URL: https://marketersmedia.com/rfid-printer-market-is-gaining-an-upward-trend-due-to-growing-demand-of-smartphone-and-technology-adoption/523921

Source: MarketersMedia

Release ID: 523921

More News From travellersea.com

Union votes to strike at General Motors' US plants

Sep 15, 2019

DETROIT — The United Auto Workers union announced Sunday that its roughly 49,000 workers at General Motors plants in the U.S. would go on strike just before midnight because contentious talks on a new contract had broken down. About 200 plant-level union leaders voted unanimously in favor of a walkout during a meeting Sunday morning in Detroit. Union leaders said the sides were still far apart on several major issues and they apparently weren't swayed by a GM offer to make new products at or near two of the four plants it had been planning to close, according to someone...

Paris sees biggest transport strike in decade over pensions

Sep 15, 2019

PARIS — The biggest strike to hit Paris public transport since 2007 created major traffic jams Friday, disrupting tourists' plans and forcing commuters to work from home or find alternative ways to reach the office. French unions were protesting plans for sweeping pension changes by President Emmanuel Macron's government that aim to create a universal pension system, instead of having different pension rules for different jobs. Critics say that will do away with some transport workers' right to retire early. The fight against the pension changes now includes plans for pilots, nurses and lawyers to strike and protest Monday. Paris...

Vaping group plotted lobbying efforts at Trump's DC hotel

Sep 15, 2019

NEW YORK — America's vaping industry has in recent years taken its fight to fend off regulation directly to President Donald Trump's doorstep, with a lobbying group twice booking annual meetings at his Washington hotel and e-cigarette maker Juul hiring two of his former White House officials. In 2017 and 2018, the Vapor Technology Association met at Trump's hotel to strategize how to lobby the administration, with a Republican lawmaker at one conference advising it to emphasize jobs created by the growing industry and how regulation could devastate hundreds of small vaping businesses. An intensive, multimillion-dollar lobbying effort by the...

Proposal would buy bus tickets for Seattle-area homeless

Sep 15, 2019

SEATTLE — As the Seattle area tries to tackle its homelessness crisis, an official wants to spend $1 million to expand a strategy of buying bus tickets out of town for people living on the streets. The concept of sending homeless people back to where they say they're from or may have support has been in place for decades in parts of the U.S. struggling to get people off the streets. Big cities like San Francisco and New York and smaller communities like West Palm Beach, Florida, have such programs. The city of Seattle and community organizations already offer free...

San Francisco's iconic cable cars to shut down for repairs

Sep 15, 2019

SAN FRANCISCO — San Francisco's iconic cable cars will stop running for 10 days starting Friday while they undergo the final repairs in a three-year restoration project of the gearboxes that propel the world-famous system up the city's notoriously steep hills. Shuttle buses will run along the three cable car routes where historic cars typically travel at a steady 9.5 miles (15 kilometers) per hour, the San Francisco Municipal Transportation Agency said Wednesday. The agency says it needs to get the manually operated cable cars off the streets to rehabilitate the gearboxes that power the system that started in the...

Traveller SEA (South-East Asia) is for wanderlust looking for an adventure in the South-East Asia region and the rest of the world.

Contact us: sales@tvlseacom.com