Press release
Global Handheld RFID Readers Market to Experience Significant Growth during the Forecast Period 2018-2028 // CipherLab, Impinj, Inc., Xerox Corporation, Datalogic SPA, Honeywell International Inc., Unitech Limited
Vendors in the handheld RFID readers market are focusing on the integration of cloud-based network to provide its end-users with centralized management and low cost of deployment. Increasing application of handheld RFID readers in the automotive and manufacturing sector is one of the key trends in Handheld RFID Readers Market.
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The handheld RFID readers are compact, and lightweight solutions that are widely used for inventory cycle counts, the order receiving, picking and fulfillment. The handheld RFID readers also help in increasing the efficiency and productivity of the warehouse by providing product receiving, shelf restocking and other features. Such factors are significantly driving the adoption of handheld RFID readers in the market. The handheld RFID readers provide high data security by eliminating any interferences or connection losses. The handheld RFID readers also provide high performance by reading high volume RFID tags. Such factors are furthermore driving the adoption of handheld RFID readers in the market.
The handheld RFID readers are sometimes unreliable. The handheld RFID readers are unable to scan materials such as metal and water. The handheld RFID readers can also pick up multiple signals for different tags at the same time, which may cause tag collision leading to malfunctioning. Such factors are hampering the adoption of handheld RFID readers in the market. The handheld RFID readers come with various security and privacy concerns such as side channel attacks. The handheld RFID readers are also difficult to operate and requires users to avail training services. Such factors are further hampering the growth of handheld RFID readers market.
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The handheld RFID readers market can be categorized on the basis of frequency, communication type and industry verticals. The demand for ultra-high frequency handheld RFID readers is expected to rise exponentially since its high-frequency range allows users to read more RFID tags in one go. On the basis of communication type, the demand for Wi-Fi handheld RFID Reader is expected to grow since this technology increases the mobility of handheld devices. On the basis of industry verticals, the demand for handheld RFID readers is increasing in retail sectors since it provides simplified supply chain and inventory management.
Handheld RFID Readers Market: Competitive Landscape
Examples of some of the key players operating in the Handheld RFID Readers market are Invengo Information Technology Co. Ltd., Alien Technology, GAO RFID Inc., Zebra Technologies, CipherLab, Impinj, Inc., Xerox Corporation, Datalogic SPA, Honeywell International Inc., and Unitech Limited.
Regional Overview
The Handheld RFID Readers market is segmented across North America, Latin America, Western Europe, Eastern Europe, China, SEA and others of APAC, Japan and Middle East & Africa. North America is expected to be a large market for Handheld RFID Readers as a majority of the Handheld RFID Readers vendors such as Honeywell International Inc., Zebra Technologies and Xerox Corporation are based in the region. The increasing interest of retail sectors for growing security concerns is driving the adoption of Handheld RFID Readers in European countries, such as Germany and UK. The growing popularity of Handheld RFID Readers in developing regions, such as APEJ, Latin America and parts of Africa, is characterized by increasing focus on the partnership for innovating technologies in the regions. Rising disposable income among people in the countries mentioned above is likely to increase the scope of penetration of Handheld RFID Readers in these regions in the near future.
The research report presents a comprehensive assessment of the Handheld RFID Readers market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application and industry.
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