RFID Readers Market By Product Type (Handheld RFID Readers, Fixed RFID Readers), By Frequency (Low Frequency (125 kHz – 134 kHz), High Frequency (13.56 MHz), Ultra-High Frequency (UHF) (860 MHz – 960 MHz), Combined), By Industry Vertical (Apparel & Retail, Pharmaceuticals & Healthcare, Transportation & Logistics, Industrial Manufacturing, Automotive, Others) - Growth, Share, Opportunities & Competitive Analysis, 2018 – 2026
Growing Adoption of RFID Technology across Numerous Industry Verticals to Drive the RFID Readers Market
The overall RFID readers market expected to demonstrate double digit CAGR during the forecast period from 2018 to 2026, up from US$ 2,755.3 Mn in 2017. RFID technology has emerged among the most revolutionary elements across numerous applications including retail, industrial manufacturing, transportation, supply chain management, healthcare and various others. Due to its ease of use, reliability and greater detection range, RFID technology has witnessed profound penetration across numerous industry verticals, thereby emerging as replacement for barcodes. Thus, with growing penetration of RFID technology worldwide, the demand for RFID readers is expected to remain strong over the forecast period. RFID readers segment accounts for over 1/4th of the overall RFID market. The market is primarily dependent on retail, manufacturing and transportation & logistics sectors contributing to nearly 80% of the total market value worldwide. Consistent growth across the retail and transportation & logistics sectors, especially in Asia Pacific, is set to ensure promising market growth over the forecast period.
Handheld RFID Readers to Continue Dominance throughout the Forecast Period
Handheld RFID readers segment, contributing to over 2/3rd of the total market value generated worldwide, leads the RFID readers market. Handheld RFID readers are prominently used in retail, warehouses, transportation and various other industrial sectors. In addition, healthcare too is among the most promising end-users of RFID technology, thereby supporting the demand for handheld RFID readers. These readers are cheaper and offer immense convenience as compared to their fixed counterparts. Due to low cost of these readers, end-users prefer installing more number of handheld readers rather than installing single, high cost fixed reader. As a result, the segment would continue its dominance in the market throughout the forecast period.
Rising Industrial & Retail Sectors to Ensure High Market Share for Asia Pacific
In 2017, Asia Pacific held the largest share, in terms of value, in the overall RFID readers market accounting for over 40% of the global market value. Asia Pacific is home to the most promising retail sector across the world, exhibiting approximately 5% growth rate every year since 2015. Additionally, growing manufacturing capacity across various industrial sectors is expected to ensure higher demand for RFID readers in the region. Another major factor expected to support the market growth is government programs in countries such as China, Japan, India, Singapore and Malaysia aimed at effective personnel identification. North America and Europe follow the Asia Pacific region in the global RFID readers market. Apart from retail and warehouses, RFID readers are now increasingly finding applications in personnel identification, pharmaceutical and healthcare industries.
New Product Development for Serving Multiple End-use Verticals to Remain the Key Strategy
The overall RFID readers market is highly competitive in nature with major market players having emphasis on product enhancement. Due to continued adoption of across different verticals such as warehouses, healthcare and others, RFID technology has witnessed immense advancement over the period. In recent years, RAIN RFID has been gaining rapid traction owing to their advantages over conventional RFID systems. For instance, in June 2017, Impinj, Inc. introduced a new fixed RFID reader called Speedway R120 based on RAIN RFID technology. The new reader is designed for applications including retail, logistics, healthcare and manufacturing. Major players profiled in the market include Zebra Technologies Corporation, Impinj, Inc., Alien Technology Corporation, Invengo Technology Pte. Ltd., Xerox Corporation, Honeywell Safety and Productivity Solutions, GAO RFID, Inc., Datalogic S.p.A., CipherLab Co., Ltd., ThinkMagic (Trimble), Technology Solutions UK Ltd. (TSL) and others.
Historical & Forecast Period
2016 – Historical Year
2017 – Base Year
2018-2026 – Forecast Period
This research report presents the analysis of each segment from 2016 to 2026 considering 2017 as the base year for the research. Compounded Annual Growth Rate (CAGR) for each respective segments calculated for the forecast period from 2018 to 2026.
Report Scope by Segments
The RFID readers market report provides market size and estimates based on market dynamics and key trends observed in the industry. The report provides a holistic view of global RFID readers market based on product type, frequency, industry vertical and geography. Key segments covered in the report are as follows:
Product Type Segment (2016–2026; US$ Mn)
Handheld RFID Readers
Fixed RFID Readers
Frequency Segment (2016–2026; US$ Mn)
Low Frequency (125 kHz – 134 kHz)
High Frequency (13.56 MHz)
Ultra-high Frequency (860 MHz to 960 MHz)
Industry Vertical Segment (2016–2026; US$ Mn)
Apparel & Retail
Pharmaceutical & Healthcare
Transportation & Logistics
Others (Agriculture, Oil & Gas, Government etc.)
Geography Segment (2016–2026; US$ Mn)
Rest of North America
Rest of Europe
Asia Pacific (APAC)
Rest of Asia Pacific
Rest of the World (RoW)
Middle East & Africa (MEA)
Key questions answered in this report
What was the market size of RFID readers in 2017 and forecast up to 2026?
Which is the largest regional market for RFID readers?
What are the notable market trends observed in the RFID readers market?
Who are the key players leading the market?
What are the key strategies adopted by the leading players in market?
Unique data points of this report
Statistics on retail and industrial manufacturing sectors worldwide
Recent trends across different regions in terms of adoption of RAIN RFID technology
Attractive investment proposition for industry vertical segment as well as geography
Comparative scenario for all the segments for years 2017 (actual) and 2026 (forecast)
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