Wireless RFID Readers Market - Snapshot
A wireless RFID reader (wireless RFID interrogator) is a device used to interconnect with RFID tags. The reader has antennas, which emanate radio waves and accepts signals back from the tag. The reader interrogates the tag through radio waves and passes the information in digital form to a computer system. Wireless RFID readers can be of any form such as imager, USB, Bluetooth, handheld, fixed, UHF, HF, and working on different operating systems (OS). Wireless RFID readers can be deployed in various industries ranging from warehouses to corporate offices. As per the study, sales of portable wireless RFID readers dominates the market in terms of volume with approximately 1.4 million units sold in 2016.
The wireless RFID readers market is driven by the rising growth of the retail industry. Retail industry is witnessing growing adoption and implementation of RFID tags and readers for inventory and supply chain management. RFID readers enable retail enterprises and consumers to identify, engage, transact, locate, and authenticate their assets and personnel. Furthermore, increasing government initiatives is boosting the growth of the wireless RFID readers market. The global wireless RFID readers market is expected to grow significantly during the forecast period due to the growing demand for solutions which can enhance business operations
However, rising security concerns among end-users is affecting the large-scale adoption of wireless RFID readers. Furthermore, the lack of technical expertise is limiting the growth of the market.
A key opportunity enhancing market growth is the integration of RFID readers with IoT (Internet of Things) which enables the objects to be tracked and monitored globally in real time. Furthermore, varying applications changes the way wireless RFID readers are used in different industries.
The wireless RFID readers market is segmented on the basis of operating system, type, and application. Based on operating system, the market has been segmented into Windows, Android, Mac OS, and others. On the basis of type, the market is segmented into fixed /wall mounted and portable. In terms of application, the market has been segmented into asset tracking, inventory management, personnel tracking, and access control. Asset tracking is expected to hold the major share due to the rising demand of end-users to have end to end visibility
From a regional point of view, North America is projected to hold a major share in the wireless RFID readers market. Growth in this region is attributed to robust adoption and penetration of wireless RFID readers, as well as substantial application of wireless RFID readers in varied end-user industry segments. Asia Pacific is anticipated to observe profitable growth due to rising adoption of wireless RFID readers by retailersin countries such as China, India, and Japan where penetration of the Internet and smartphone devices is increasing significantly which is in turn providing enormous opportunities to vendors in the market. Furthermore, the markets in Middle East & Africa (MEA) and South America are also expected to grow significantly during the forecast period. Growing awareness and adoption of wireless RFID readers across Middle East & Africa and South America is offering new opportunities for key players operating in the global wireless RFID readers market.
Major vendors are spending huge amounts in wireless RFID readers since the market is growing rapidly. Furthermore, technological advancements and rising trend of secured access is boosting the adoption of a wide-ranging variety of wireless RFID readers. Moreover, leading hardware vendors are improving their sales and distribution channels in order to access distant clients.
Key players profiled in the wireless RFID readers market report include Alien Technology, Honeywell International Inc., Bright Alliance Technology Limited, CipherLab Co., Ltd., Daily RFID Co. Limited, Feig Electronics GmbH, Impinj, Inc., Invengo Technology Pte. Ltd, Nedap N.V., Datalogic S.p.A, JADAK, a Novanta Company, and Technology Solutions (UK) Ltd.
Wireless RFID Readers Market - Overview
The wireless RFID readers market report provides analysis for the period 2016 – 2026, wherein 2018 to 2026 is the forecast period and 2017 is the base year. The report covers all the major trends and technologies playing asignificant role in the market’s growth over the forecast period. The market overview section of the report highlights the drivers, restraints, and opportunities ofthe market during the said period. The study provides a complete perspective on the evolution of the global wireless RFID readers market throughout the above mentioned forecast period in terms of revenue (US$ Mn and Million units).
Amarket attractiveness analysis has been provided for every segment in the report in order to provide a thorough understanding of the overall scenario in the wireless RFID readers market. The report also provides an overview of various strategies implemented by key players in the market.
Global Wireless RFID Readers Market: Scope of the Report
The report segments the market on the basis of operating system, type, and applications. Based on operating system, the market has been segmented into Windows, Android, Mac OS, and others. On the basis of type, the market is segmented into fixed /wall mounted and portable. In terms of applications, the market has been segmented into asset tracking, inventory management, personnel tracking, and access control. The report provides in-depth segment analysis of the global wireless RFID readers market, thereby providing valuable insights at the macro as well as micro levels.
The report also highlights the competitive landscape of the global wireless RFID readers market, positioning all the major players according to their presence in different regions of the world and recent key developments initiated by them in the market. The comprehensive wireless RFID readersmarket estimates are the result of our in-depth secondary research, primary interviews, and in-house expert panel reviews. These market estimates have been analyzed by taking into account the impact of different political, social, economic, and technological factors along with the current market dynamics affecting the growth of the wireless RFID readers market.
This report provides all the essential information required to understand the key developments in the wireless RFID readers market, and growth trends of each segment and region. It includes companies’ strategies, financial information, and developments under the company profile section. The report also provides insights related to trends and their impact on the market. Furthermore, Porter’s Five Forces analysis explains the five forces, namely buyers bargaining power, suppliers bargaining power, threat of new entrants, threat of substitutes, and degree of competition in thewireless RFID readers market.The report also provides a comprehensive value chain analysis of the market.
Global Wireless RFID Readers Market: Research Methodology
The research methodology is a perfect combination of primary research, secondary research, and expert panel reviews. Secondary research sources such as annual reports, company websites, broker reports, financial reports, SEC filings and investor presentations, national government documents, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, statistical databases, World Bank database, and industry white papers are usually referred.
Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews on the wireless RFID readers market across geographies. Primary interviews are usually conducted on an ongoing basis with industry experts and participants in order to get latest market insights and validate the existing data and analysis. Primary interviews offer first-hand information on important factors such as market trends, market size, competitive landscape, growth trends, and outlook, etc. These factors help to validate and strengthen secondary research findings and also help to develop the analysis team’s expertise and market understanding. Moreover, the data collected and analyzed from secondary and primary research is again discussed and examined by our expert panel.
Global Wireless RFID Readers Market: Competitive Dynamics
The research study includes profiles of leading companies operating in the global wireless RFID readers market. Some of the key players profiled include Alien Technology, Honeywell International Inc., Bright Alliance Technology Limited, CipherLab Co., Ltd., Daily RFID Co. Limited, Feig Electronics GmbH, Impinj, Inc., Invengo Technology Pte. Ltd, Nedap N.V., Datalogic S.p.A, JADAK, a Novanta Company, and Technology Solutions (UK) Ltd.
The wireless RFID readers market has been segmented as below:
Market Segmentation: Global Wireless RFID Readers Market
By Operating System
- Mac OS
- Others (Linux)
- Fixed /Wall Mounted
- Asset tracking
- Inventory management
- Personnel tracking
- Access Control
In addition, the report provides analysis of the wireless RFID readers market with respect to the following geographic segments:
- North America
- The U.S.
- Rest of North America
- Rest of Europe
- Asia Pacific (APAC)
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- South Africa
- Rest of MEA
- South America
- Rest of South America