What is RFID Handheld Reader?
Radio-frequency identification (RFID) handheld reader automatically identify labels attached to articles by electromagnetic fields. These labels are of two types, Passive tags operate through energy from an immediate RFID reader's radio waves and active tags can operate hundreds of meters from the RFID reader through a local power source. RFID handheld reader market is expected to grow owing to increasing applications in retail, healthcare, logistics, and supply chain management and others.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Unit | Value (USD Million) |
Key Companies Profiled | Honeywell (United States), Datalogic S.P.A. (Italy), Janam Technologies LLC (United States), Zebra (United States), Impinj Inc. (United States), Fieg Electronics (Germany), Thing Magic Inc. (United States), Mojix Inc. Technology (United States), Applied Wireless Identifications Group, Inc. (United States), Cipher Lab Co Ltd (Taiwan), Invengo Information Technology Co., Ltd. (China), Sense Technology (United States) and China-Vision Intelligent Card Reader Co. Limited (China) |
CAGR | 8.1% |
The study covers a detailed analysis segmented by key business segments i.e. by type (LF RFID Reader, HF RFID Reader, UHF RFID Reader, Multi Frequency RFID Reader and Others) , by application (Government, Transportation & Logistics, Retail, Automotive, Manufacturing and Others) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global RFID Handheld Reader market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this RFID Handheld Reader market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are Honeywell (United States), Datalogic S.P.A. (Italy), Janam Technologies LLC (United States), Zebra (United States), Impinj Inc. (United States), Fieg Electronics (Germany), Thing Magic Inc. (United States), Mojix Inc. Technology (United States), Applied Wireless Identifications Group, Inc. (United States), Cipher Lab Co Ltd (Taiwan), Invengo Information Technology Co., Ltd. (China), Sense Technology (United States) and China-Vision Intelligent Card Reader Co. Limited (China).
RFID Handheld Reader market is fragmented owing to the number of players in the market. Market leaders are focusing on technological development owing to increasing demand from retail, logistics and supply chain, healthcare, and others. The emergence of the internet of thing (IoT) in RFID Handheld Reader generating lucrative opportunities for the market players.
Influencing Trend:
Increasing Acceptance in Retail Sector and Increasing Demand from the Manufacturing Sector
Market Growth Drivers:
Rising Application in Access Control and Security and Providing Improved Warehouse and Data Center Management
Challenges:
Lack of Back End Data Management
Restraints:
High Operational Charges Associated with RFID System and Lack of Technical Expertise to Adopt New Technology
Opportunities:
The emergence of IoT Based RFID Tagging and Technological Development and Product Innovation
Key highlights of the Global RFID Handheld Reader market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the RFID Handheld Reader market in next few years.
Detailed Insights on futuristic trends and changing consumer behavior
Forecast of the Global RFID Handheld Reader market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of RFID Handheld Reader Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global RFID Handheld Reader market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in RFID Handheld Reader market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes Manufacturers of field devices such as sensors, controllers, actuators, relays, and valves, Software designers and manufacturers, System integrator, Government Agencies, Venture Capitalists and Private Equity Firms, Research Institute and organizations, Market Research Firms and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.