Industry Background:
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 radiofrequency 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. Many of manufacturers supply chain partners in China, who temporarily suspended their business operations beginning in January 2020, have since resumed operations. The spread of COVID-19 has resulted in broad global business disruption, which impacted both companies supply chain activities and customer demand. and COVID-19 pandemic has adversely affected the global economy.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | 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) and Invengo Information Technology Co Ltd (China) |
According to AMA, the market for Handheld RFID Readers is expected to register a CAGR of 8.37% during the forecast period to 2030. This growth is primarily driven by Rising Application in Access Control and Security and Rise in Awareness Regarding RFID Technology.
Globally, a noticeable market trend is evident Increasing Acceptance in Retail Sector
The Electronic Equipment & Instruments sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as 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) and Invengo Information Technology Co Ltd (China), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. There are various companies are operating in the industry to provides effective Handheld RFID Readers in the market. There are various market players are entering in this industry to capture market growth opportunities. The market leaders are investing on organic and non-organic strategic growth initiatives to become dominant in this industry.
Key Developments in the Market:
In February 2020, Chainway has launched URA8 Fixed Android RFID Reader. It is an 8-port Android-based fixed UHF RFID reader integrated with Impinj R2000 RFID chip. It supports RS232, RJ45 and HDMI, and can be compatible with various types of antennas
In June 2020, Nordic ID has launched new rugged handheld reader which is Nordic ID HH85. It is an addition to the growing Android family and expands the company portfolio of data capturing tools.
Influencing Trend:
Increasing Acceptance in Retail Sector and Development in Online Platforms
Market Growth Drivers:
Rising Application in Access Control and Security and Rise in Awareness Regarding RFID Technology
Challenges:
Fluctuation in Raw Materials Prices
Opportunities:
RAIN RFID and Technological Development and Product Innovation
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Handheld RFID Readers Market
- Analysis about New Entrants in Handheld RFID Readers Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Handheld RFID Readers Study Sheds Light on
The Handheld RFID Readers Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Handheld RFID Readers industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Handheld RFID Readers industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.