Press release
The Continuing Growth Story of Handheld RFID Readers Market
Handheld RFID Readers Market
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According to HTF Market Intelligence, the Global Handheld RFID Readers market to witness a CAGR of 8.36% during forecast period of 2023-2029. The market is segmented by Application (Transportation &Logistics, Healthcare, Hospitality, Food & Beverage, Retail, Manufacturing, Government) by Type (Low Frequency Handheld RFID readers, High Frequency Handheld RFID readers, Ultra High Frequency handheld RFID readers) by Product Type (Handheld RFID Reader, Fixed RFID Reader) and by Geography (North America, South America, Europe, Asia Pacific, MEA).
Definition:
A handheld RFID Reader is a radio frequency-based device that enables the mobile workforce to track assets in the field. RFID Readers are available in various types including fixed or portable. Handheld RFID readers can be used almost anywhere. The handheld RFID readers are based on RFID technology. RFID is a technology, known as radio frequency identification. It uses radioĂ‚Âfrequency waves to transfer data between a reader and a movable item to identify, categorize track. It is fast and did not require any physical contact between the reader and the tagged article. RFID is one fast-developing technology that delivers wireless identification and tracking capability for tagging objects, people on the end, called tags ad more complex devices on the other end of the link known as readers. It is considered as one of the emerging technologies and rapidly growing in various segments such as the automatic identification and data capture industry. RFID readers are revolutionizing supply chain management, replacing bar codes, and also becoming one cost-effective technology. There is a huge range of HF, LF, UHF or NFC handheld RFID reader are accessible in the market that can be deployed easily in any industry for smooth tracking of products such as Supply Chain Management, Logistics Management, Inventory Management, Asset Tracking, and many others. It also enhances the visibility into inventory and enterprise assets using a high-performing RAIN and another type of RFID handheld reader built with a reader chip inside. The advanced handheld readers are ergonomic and durable with intuitive designs and long-lasting batteries.
Market Trends:
• Increasing Acceptance in Retail Sector
• Development in Online Platforms
Market Drivers:
• Rising Application in Access Control and Security
• Rise in Awareness Regarding RFID Technology
Market Opportunities:
• RAIN RFID
• Technological Development and Product Innovation
Handheld RFID Readers Market Competitive Analysis:
Know your current market situation! Not just new products but ongoing products are also essential to analyze due to ever-changing market dynamics. The study allows marketers to understand consumer trends and segment analysis where they can face a rapid market share drop. Figure out who really the competition is in the marketplace, get to know market share analysis, market position, % Market Share, and segmented revenue.
Players Included in Research Coverage: Convergence Systems Limited (China), Denso Corporation (Japan), Honeywell International Inc. (United States), Bluebird Inc. (Republic of Korea), Shenzhen Chainway Information Technology Co., Ltd. (China), Technology Solutions (UK) Ltd. (United Kingdom), Zebra Technologies Corporation (United States), FEIG Electronic (Germany), Nordic ID (Finland), Trimble Inc. (United States), AsReader, Inc. (United States), Unitech Electronics Co., Ltd. (Taiwan (R.O.C)), Alien Technology, LLC. (United States), SensThys Inc. (United States), Invengo Information Technology Co Ltd (China)
Additionally, Past Handheld RFID Readers Market data breakdown, Market Entropy to understand development activity and Patent Analysis*, Competitors Swot Analysis, Product Specifications, and Peer Group Analysis including financial metrics are covered.
Segmentation and Targeting:
Essential demographic, geographic, psychographic, and behavioral information about business segments in the Handheld RFID Readers market is targeted to aid in determining the features the company should encompass in order to fit into the business's requirements. For the Consumer-based market - the study is also classified with Market Maker information in order to understand better who the clients are, their buying behavior, and patterns.
Handheld RFID Readers Product Types In-Depth: Low Frequency Handheld RFID readers, High Frequency Handheld RFID readers, Ultra High Frequency handheld RFID readers
Handheld RFID Readers Major Applications/End users: Transportation &Logistics, Healthcare, Hospitality, Food & Beverage, Retail, Manufacturing, Government
Handheld RFID Readers Major Geographical First Level Segmentation:
• APAC (Japan, China, South Korea, Australia, India, and the Rest of APAC; the Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
• Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
• North America (U.S., Canada, and Mexico)
• South America (Brazil, Chile, Argentina, Rest of South America)
• MEA (Saudi Arabia, UAE, South Africa)
Buy Now Latest Edition of Handheld RFID Readers Market Report @ https://www.htfmarketintelligence.com/buy-now?format=3&report=1759
Research Objectives:
- Focuses on the key manufacturers, to define, pronounce and examine the value, sales volume, market share, market competition landscape, SWOT analysis, and development plans in the next few years.
- To share comprehensive information about the key factors influencing the growth of the market (opportunities, drivers, growth potential, industry-specific challenges and risks).
- To analyze the with respect to individual future prospects, growth trends and their involvement to the total market.
- To analyze reasonable developments such as agreements, expansions new product launches, and acquisitions in the market.
- To deliberately profile the key players and systematically examine their growth strategies.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Unit No. 429, Parsonage Road Edison, NJ
New Jersey USA - 08837
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sales@htfmarketintelligence.com
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About Author:
HTF Market Intelligence consulting is uniquely positioned empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist in decision making.
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