The Radio Frequency Identification (RFID) reader is a device used to gather information from an RFID tag, used to track an individual object. The radio-frequency waves are used to transfer data from RFID tag to the reader. Most of the RFIDs are usually used to store information, which is used when interpreted through user. The RFID reader contains RF module that acts as transmitter and receiver of radio frequency signals. They are used in an extensive range of applications including toll booth passes, smart cards, passports, airplane luggage, merchandise tags, home appliances, monitoring heart patients, telephone & computer networks, and operation of spacecraft & satellites. The key advantages are capture data from the RFID tag with no line of sight, reduces human effort & error by automatically collecting the data, increases the visibility of assets, read multiple RFID tags helps the employee to improve productivity and mitigate theft, risk, and loss.
According to study, “RFID Reader Market by Product Type (Handheld RFID Reader and Fixed RFID Reader), Frequency Band (Low Frequency, High Frequency, and Ultra-High Frequency), and Industry Vertical (Transportation & Logistics, Healthcare, Hospitality, Food & Beverage, Retail, Manufacturing, and Government): Global Opportunity Analysis and Industry Forecast, 2019-2026”. Some of the key companies operating in the global RFID reader market are CAEN RFID, iDTRONIC GmbH, Cipher Lab, Alien Technology, Extronics Ltd UK, INTERMEC, Datalogic Automation, ThingMagic, GAO RFID, RF Ideas, Kaba Benzing, Fieg Electronics, HARTING, MOTOROLA, IFM electronic, STID, Honeywell, Zebra Technologies, Impinj, TSL, Mojix, Unitech, PHG.
Based on product type, RFID reader market is segmented into fixed RFID readers and handheld RFID readers. Based on frequency band, market is segmented into low frequency, high frequency, and ultra-high frequency. In addition, based on industry verticals, market is segmented into transportation & logistics, food & beverages, retail, healthcare, hospitality, manufacturing, and government.
The RFID reader market is driven by rise in adoption in businesses to track inventory and equipment, followed by integration of new technology in the RFID readers, reads from greater distance even in harsh environment, growth in retail industry and robust security. However, tag collision and high initial investment associated with manufacturing may impact the market. Moreover, increase in penetration of RFID sensors in various applications is a key opportunity for market.
Based on geography, the North-American is a prevalent region in global RFID reader market owing to due to high adoption of automated item identification systems for supply chain management, rise in demand for RFID systems in healthcare and transport sectors coupled with increase in need for efficient supply chain management in the region. Whereas, the European and Asian-Pacific regions are predicted to exhibit considerable growth rate due to presence of largest manufacturers and original equipment manufacturers (OEMs) over the forecast period. In upcoming years, it is estimated that future of the market will be bright as a result of rise in demand for tracking, monitoring, and locating objects for safety, security, and resource optimization during the forecast period.
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