Future Market Insights (FMI) has published a new research report titled “Radio Frequency Identification (RFID) Readers Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027).” The report states that the growing penetration of advanced technology along with increasing supply chain complexities are encouraging consumers to adopt RFID technology. Owing to this, players operating in the RFID readers market are incessantly upgrading their product portfolios in order to meet the demands of consumers across the globe.
For instance, in April 2016, Zebra launched RFD8500, which is a multi-operating system. This new product was designed to add high performance RFID and 1D/2D barcode scanning to android and iOS compatible mobile devices. This RFID reader is anticipated to help in adding better data collection capabilities and help in communicating with other host devices to write and read data. Additionally, in January 2017, Zebra launched Zebra SmartSense RFID for application in the retail sector to identify and track the location of the associates, merchandise, and shoppers in a retail store in real time. Some of the other companies operating in the global RFID readers market are Invengo Information Technology Co. Ltd., GAO RFID Inc., Impinj, Alien Technology, Xerox Corporation, Honeywell, and Datalogic.
According to the report, the global RFID readers market is expected to witness a significant CAGR of 12.3% from 2017 to 2027. The market was worth US$ 5545.5 Mn in 2017 and is expected to rise to a valuation of US$ 17,758.8 Mn by the end of the forecast period.
Retail Sector to Intensify its Deployment of RFID Technology
Growing demand for efficient supply chain operations in the retail sector is leading to a rising demand for RFID technology. RFID tags and readers are installed by companies as a part of their security issues to prevent risk of theft and loss. Companies are intensifying the adoption of automated item identification systems for supply chain management in order to improve inventory allocation efficiencies. The growing need for efficient supply chain management is expected to support revenue growth of the RFID readers market during the forecast period. RFIDs store detailed information up to 2 KB related to the product on which it is tagged. Prices and details of the product with RFID tags are spontaneously chronicled when the customer approaches the counter, without scanning each and every product, which saves time of the customer. Furthermore, it permits cost tally in one scan, which saves time of the user as well as the product retailer.
The pressing need for RFID technology in the healthcare sector is also adding to the growth of the RFID reader market. In the healthcare sector, the focus on RFID technology for tracking and cataloguing of medical equipment is surging and this is anticipated to drive the demand for RFID readers. This technology ensures patient safety, improves supply chain efficiency, and decreases human errors in healthcare procedures. Healthcare management and monitoring of critical care equipment is another leading area for the application of RFID technology.
Breech and Data Insecurity to Hinder Market Growth in the Long Run
RFID readers and tags do not have a locking system or for that matter, a secure password. As a result, the risk of information breach increases. The dearth of security systems is a restraining factor in the growth of the RFID readers market. Several companies in the healthcare and other industries avoid using these systems for asset tracking as there is a chance of information breach related to the usage of medicine.
With this factor restraining the growth of the market, it is yet to be seen where the global RFID readers market will stand in the next 10 years.
公司RFID读写器产品包〗括各频段RFID手持终端、定制低频读卡器、定制高频读▆写器、定制射频读卡器、超高频ω 桌面式读写器、高频RFID读写器、高频中距离读写器, 固定式Mifare读写器、 PDA CF接口RFID读卡器、可调增益的有源RFID阅读器、 一体式读写器、RFID条形码扫〗描枪、125KHz中距离阅读器、低频远距离阅读器、超高频手持机◎、超高频读写器、超高频□ 数据采集器等。特色RFID标签产品有钉子型标签、动物跟踪标签、迷你型PVC标签、抗金属RFID标签、挡风玻璃无源标︾签、带磁铁的抗金◆属RFID标签、腕带式有源〗RFID标签、RFID珠宝标签、超高频抗金属耐高温标签、动物耳标、鸡鸭脚环、玻璃◎管标签、巡更标签、异形标签、不干胶电子标签、动物管理RFID标签、RFID标签、植入式电々子标签、电子耳标、RFID溯源耳标、RFID动物耳标、智能卡、射频卡等。各种低频RFID、高频RFID、超高频RFID系统已广泛应用于停车场管理、资产管理、生产制造、物流管理、仓储管理、追踪追溯、设备巡检、交通运输、农业监控、小额支付、企校一卡¤通、会员管理等应用领域。