Press release
RFID and Barcode Printer Market to Perceive Highest CAGR of 5.98% by 2028
The increase in need for improvement in inventory management across the globe acts as one of the major factors driving the growth of radio frequency identification (RFID) and barcode printer market. The rise in installation of RFID and barcode systems in manufacturing units for enhancing productivity to tackle impact of COVID-19, and increase in use for printing labels ticket and received in the hospitals, retail and Healthcare Centre Sectors accelerate the market growth. The increase in demand for radio frequency identification (RFID) and barcode printer owning to various features such as robustness, ruggedness, durability and easy to use and connect with mobile devices with flexible connectivity options, and use of RFID and barcode printers in flourishing global e-commerce industry further influence the market. Additionally, concerns regarding security risks, rising digitization, and use of RFID and barcode printers in supply chain industry positively affect the radio frequency identification (RFID) and barcode printer market. Furthermore, adoption of RFID and barcode tags enabled by Industry 4.0, IoT, and smart manufacturing extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
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Global Radio Frequency Identification (RFID) and Barcode Printer Market Scope and Market Size
The radio frequency identification (RFID) and barcode printer market is segmented on the basis of type, printing technology, printing resolution, connectivity type and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
On the basis of type, the radio frequency identification (RFID) and barcode printer market is segmented into barcode and RFID printers.
On the basis of printing technology, the radio frequency identification (RFID) and barcode printer market is segmented into thermal transfer and direct thermal, and inkjet.
On the basis of printing resolution, the radio frequency identification (RFID) and barcode printer market is segmented into below 300 dpi, between 301 and 600 dpi and above 601 dpi.
On the basis of connectivity type, the radio frequency identification (RFID) and barcode printer market is segmented into Ethernet, Bluetooth, serial and parallel and universal serial bus.
On the basis of application, the radio frequency identification (RFID) and barcode printer market is segmented into manufacturing, retail, transportation and logistics, healthcare, government, entertainment and others.
Key players:
The major players covered in the radio frequency identification (RFID) and barcode printer market report are Brother., AVERY DENNISON CORPORATION, Bixolon, cab Produkttechnik GmbH & Co KG, Citizen Systems Europe, CognitiveTPG, LLC, Data Capture Systems, GoDEX International Co., Ltd., Honeywell International Inc., Kroy LLC, Linx Printing Technologies, Zebra Technologies Corp., Toshiba Tec Corporation, STAR MICRONICS CO., LTD., TSC Auto ID Technology Co., Ltd., SATO HOLDINGS CORPORATION, Wasp Barcode Technologies, Tharo Systems, Inc., Primera Technology, LabelTac.com, Seiko Epson Corporation, Postek Electronics Co., Ltd., and Oki Data Americas, Inc., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Radio Frequency Identification (RFID) and Barcode Printer Market Country Level Analysis
The radio frequency identification (RFID) and barcode printer market is analyzed and market size, volume information is provided by country, type, printing technology, printing resolution, connectivity type and application as referenced above.
The countries covered in the radio frequency identification (RFID) and barcode printer market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
North America dominates the radio frequency identification (RFID) and barcode printer market due to the established retail, transportation and logistics, manufacturing and industrial, and healthcare and hospitality within the region. Asia-Pacific is expected to witness significant growth during the forecast period of 2021 to 2028 because of the expansion of various industries in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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