RFID Printer Market 2018 Comprehensive Study, Solutions, Services, Significant Growth With Regional Forecast To 2023

RFID Printer Market, By Printer Type (Industrial Printers, Desktop Printers and Mobile Printers), By Printing Technology (Thermal Transfer, Direct Thermal and Inkjet), By Application (Manufacturing, Retail, Transportation and Logistics, Healthcare, Government, Entertainment and Others) - Forecast 2023

Pune, India - October 8, 2018 /MarketersMedia/ —

Market Highlights:

Market Research Future in its latest study reports that the global RFID printer market is set to exhibit a compound annual growth rate of 4.90% between 2017 and 2023 and surpass a valuation of USD 4 Bn. RFID printers are a breed of new-age printing technology that facilitates smart labelling. The rapid adoption of smart labelling in packaging has reflected favourably on the global RFID market. The market has reached considerable heights in recent years owing to the proliferation RFID technology. This has prompted an aggressive reaction towards the global RFID printer market from several printer and RFID technology companies. The robust inflow of new players in the market has made it highly competitive. Domestic vendors and manufacturers also have a notable contribution in the overall size of the market. They mostly compete on pricing point while global players rely on collaboration and M&A for growth. Aggressive marketing strategies are increasingly being deployed to improve position in the market.

Emphasis is also being placed on research and development for product innovation and improving the functionality of existing products. It also helps in diversifying and expanding product portfolio. RFID technology is much more reliable than its conventional counterparts, which is driving its popularity in various sectors. Most importantly, the innate characteristics of the RFID make it consumer-friendly. As the technology matures, cost of RFID printers is expected to come down, which will make it accessible to users with budget constraints.

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Major Key Players

• Zebra Technologies Corporation,
• SATO Holdings Corporation,
• Honeywell International Inc.,
• Toshiba Tec Corp.,
• Avery Dennison Corporation,
• Seiko Epson Corporation,
• TSC Auto ID Technology Co., Ltd,
• Wasp Barcode Technologies,
• Dascom,
• Postek Electronics Co., Ltd.
• Godex International Co. Ltd.
are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global RFID Printer Market.

According to MRFR, The global RFID Printer Market is expected to reach approximately USD 4.82 billion by the end of 2023 with 4.90% CAGR during forecast period 2017-2023.

Industry News

Japanese electronics giant Epson displayed its latest label and package printing solutions at recently held LabelExpo Americas in Chicago. The company’s booth also included SurePress digital label press models - L-4533AW and L-6034VW. It also showcased its color label printer series – Colorworks and automated solutions.
Kentucky-based laser printer manufacturer, Lexmark is aggressively expanding in the RFID tag encoding and printing space. The company has recently partnered with Smartrac and Pinnpoint to gain expertise in print, ship and RFID return solution. The move is aligned with Lexmark’s ambition to tap into the opportunities arising from increase demand for solutions for logistics.

Competitive Analysis

The profitable conditions accessible in this market are being applied by candidates who are trying to increase their market coverage by focused development which can encourage the expansion of this business sector. The businesses in this trade area are combining their resources to attain their vision for achieving a substantial portion of the business as early as possible. This has raised the possibilities for the approaching growth period significantly. The merchandise that are being provided presently differ greatly because of the rationale of the robust pace of technological discoveries. This consequence is productive for companies so they can aim to uphold their commercial enterprise's liquidity to take the most effective decisions in terms of strategy execution and designing.

RFID Printer Market: Segmental Analysis

MRFR’s study also includes a thorough segmental analysis of the global RFID printer market based on application, printing technology, and printer type. On the basis of application, the market has been segmented into retail, logistics, healthcare, entertainment, manufacturing, government, transportation and other. On the basis of printing technology, the market has been segmented into inkjet, direct thermal and thermal transfer. On the basis of printer type, the market has been segmented into mobile printers, desktop printers and industrial printers.

RFID Printer Market: Regional Analysis

The study covers the RFID printer market across region such as Europe, North America, and Asia Pacific (APAC). A country-level analysis is also conducted with a special mention to the U.S. Mexico, Canada, the U.K. France, Germany, India, China, Japan. Currently, Asia Pacific (APAC) accounts for the largest share of the market. This is primarily attributed to the industrial boom in China and India. These two countries have emerged as two of the major economies of the world, exhibiting strong GDPs. They represent a large consumer market offering significant opportunities. The market in the region is expected remain high lucrative during the forecast period.

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Intended Audience

• Packaging providers
• Retail Operators
• Mobile manufacturer
• Government Agencies
• Security Agencies
• End-user sectors
• Communication operators
• Defense

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Contact Info:
Name: abhishek Sawant
Email: [email protected]
Organization: Market Research Future
Phone: +1 646 845 9312

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Release ID: 419319