Information Communications Media Technology Market News

RFID printer market to grow at a CAGR of 4.91% till 2021 according to new research report

RFID Printer Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market. The analysts forecast Global RFID Printer Market to grow at a CAGR of 4.91% during the period 2017-2021.

- Agency -.

The following companies as the key players in the global RFID printer market: Avery Dennison, Honeywell International, Primera Technology, Printronix, SATO America, and Zebra Technologies.

Report at www.rnrmarketresearch.com/contacts/1160561

One trend in the market is rapid technological advances. RFID devices can be integrated with other technologies such as Wi-Fi and real-time location system (RTLS).

Retailers that require efficient inventory management systems demand highly advanced RFID devices.

- Agency -.

Currently, technologically advanced RFID semiconductor devices are being developed, keeping in mind the specific needs of customers.”



According to the report, one driver in the market is increasing demand for better inventory management systems. The process of inventory management includes tracking, stockpiling, and predicting the future inflow or outflow of raw materials or goods.

For production or manufacturing, it is necessary to know the stored or stocked-up inventory levels and track the movement of components in the production line. The level of inventory represents the number of resources invested in the final product.

The mismanagement of inventory levels can cause operational losses.

About RFID Printer

Radio-frequency identification (RFID) technology uses the electromagnetic signature that accompanies the radio frequency in a specific spectrum to communicate information, which is mostly one way. This process is carried out by RFID printers, RFID microchips (RFID tags), RFID readers, and RFID middleware components.

The RFID label printer/encoder is used to print labels that have information such as a unique ID or an electronic product code (EPC), and labels are marked with a barcode and human-readable text by the printers.

Report at www.rnrmarketresearch.com/contacts/?rname=1160561


Further, the report states that one challenge in the market is high cost of RFID solutions. Though RFID technology provides many advantages over other identification methods, it is expensive.

Small and medium enterprises that do not have extensive disposable capital use barcodes as they are low-cost alternatives. The cost of implementing RFID technology is one of the major challenges in the global RFID market.

The deployment and integration of management solutions (middleware) with RFID requires high initial investments. Most of the RFID printers cost around $2000-$7000, whereas the prices of barcode printers start at $115.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

The report covers the present scenario and the growth prospects of the global RFID printer market for 2017-2021. To calculate the market size, the report considers the revenue generated by RFID printers.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA

Report at www.rnrmarketresearch.com/contacts/?rname=1160561

Key vendors

  • Avery Dennison
  • Honeywell International
  • Primera Technology
  • Printronix
  • SATO America
  • Zebra Technologies

Market driver

  • Increasing demand for better inventory management systems
  • For a full, detailed list, view our report

Market challenge

  • High cost of RFID solutions
  • For a full, detailed list, view our report

Market trend

  • Rapid technological advances
  • For a full, detailed list, view our report

Key questions answered in this report

  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?

Table of Contents

  • PART 01: Executive summary
  • PART 02: Scope of the report
  • PART 03: Research Methodology
  • PART 04: Introduction
  • PART 05: Market landscape
  • PART 06: Market segmentation by end-user
  • PART 07: Geographical segmentation
  • PART 08: Decision framework
  • PART 09: Drivers and challenges
  • PART 10: Market trends
  • PART 11: Vendor landscape
  • PART 12: Appendix

 

News From

RnR Market Research - Market Research and Competitive Analysis ReportsRnR Market Research
Category: Market Research Publishers and RetailersCompany profile: RnRMarketResearch.com is an online database of market research reports offers in-depth analysis of over 5000 market segments. The library has syndicated reports by leading market research publishers across the globe and also offer customized market research reports for multiple industries.