RFID (Radio Frequency Identification) Market To Witness Enhanced Usage In Transportation, Healthcare, Retail And Automotive Till 2022 | Million Insights

Global Radio Frequency Identification (RFID) Reader Market is segmented on the basis of product type, application and geography. RFID stands for radio frequency identification. It is also referred to as an interrogator. RFID is a small electronic device comprising readers, tags, and middleware. RFID (radio frequency identification) is a device that provides the connection between the tag data and the enterprise system software that needs information. The reader communicates with tags that are within its field of operation performing some tasks such as filtering (searching for tags that meet certain criteria), simple continuous inventory, writing or encoding to select tags. RFID device serves the same purpose as a bar code that provides a unique identifier for an object.

RFID (radio frequency identification) technology is generally used in companies to raise the efficiency level in operational management. This RFID device is also used to track and manage the assets, inventory, people etc. Tag collision and reader collision are some usually occurring problems with RFID. In inventory management, RFID readers play an important role and are finding incredible response in many huge supermarkets, stores, hypermarkets, and apparel stores.

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The key driver for the growth of the RFID reader market is the ability of RFID readers to decrease errors pertaining to data entry. With the introduction of RFID and barcode systems; data entries could be identified and recorded automatically with more accuracy. It not only helps in the automation of data entries but also rectifies warehouse errors. The ability of these readers to enable efficient tracking of assets is a significant factor expected to grow in the upcoming years.

Based on product type, RFID reader market is classified as handheld reader, fixed reader, LF RFID reader, HF RFID reader, UHF RFID reader, MW RFID reader, and so on. Based on application, RFID reader market is classified as retail, government, transportation & logistics, manufacturing, automotive, healthcare, transportation, and so on. The rising incorporation of RFID readers in “transportation, healthcare and retail” segments is expected to grow in future. The increasing need to overcome inefficiencies in the supply chain is an important factor that results in “retail” segment’s high market share in the years to come. Based on geography, RFID reader market is classified as North America, Asia Pacific, Middle East & Africa, Europe, and Latin America.

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North America accounts for the largest market share and is expected to continue with the same in the years to come. Asia Pacific is expected to be one of the most profitable regional markets in 2017. Also, increasing awareness about patient safety and tracking of expensive medical devices are the key factors contributing to the RFID reader markets’ growth in all the regions.

Key players operating in the RFID reader market are Honeywell, Unitech, ThingMagic, TSL, Alien Tachnology, AWID, Cipher Lab, Datalogic, Zebra, Impinj, Fieg Electronics, Chinareader, Nanjing Sample Technology, Invengo Technology, Chafon Group, Convergence Systems Limited, CAEN RFID, DLP Design, Harting, Kathrein RFID, Ascendent ID, ATID and TagMaster.

Related Reports of this Category available at Million Insights: https://www.millioninsights.com/industry/consumer-electronics

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