Dublin, Dec. 18, 2023 (GLOBE NEWSWIRE) -- The "RFID Readers - Global Strategic Business Report" has been added to ResearchAndMarkets.com's offering.
Global RFID Readers Market to Reach $24.3 Billion by 2030
The global market for RFID Readers estimated at US$9.6 Billion in the year 2022, is projected to reach a revised size of US$24.3 Billion by 2030, growing at a CAGR of 12.3% over the analysis period 2022-2030. Handheld, one of the segments analyzed in the report, is projected to record 9.6% CAGR and reach US$12.3 Billion by the end of the analysis period. Growth in the Fixed segment is estimated at 15.9% CAGR for the next 8-year period. 
The U.S. Market is Estimated at $2.8 Billion, While China is Forecast to Grow at 15.6% CAGR
The RFID Readers market in the U.S. is estimated at US$2.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$5.2 Billion by the year 2030 trailing a CAGR of 15.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.5% and 11.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 11% CAGR.
Key Market Trends & Drivers
- Digital Transformation Drive Augurs Well for Growth of RFID Readers Market
- Potential of RFID in IoT Promises Future Opportunities
- Strong Smart City Investments to Fuel Large-Scale Adoption
- Number of Smart Cities Worldwide by Geographic Region (2025)
- Transportation & Logistics: Major Consumers of RFID Readers
- Focus on Smart Transportation to Enhance RFID Demand
- Connected Cars Emerge to Accelerate the Smart Transportation Drive
- RFID Readers Augment Vehicle Telematics
- Widening Use Case of RFID Readers in Healthcare Sector
- Growing Relevance of RFID in Hospitality Sector
- Rising Uptake in Retail Sector Augurs Well
- Food & Beverage: A Fast Growing End-Use Sector
- Increased Acceptance in Manufacturing Settings to Underpin Market Expansion
- Industry 4.0 & Smart Factory Augment the Business Case for RFID Readers
- Major Industry 4.0 Technologies: Global Market Size (US$ Billion) for Internet of Things (IoT), Big Data, Smart Factory, Advanced Analytics, Service Robotics, and Smart Machines for 2020
- Agricultural Industry's Shift towards AgTech & Precision Agriculture Extend Opportunities
- RFID-based RTLS for Improved Livestock Tracking
- RFID Readers Gain Traction in Security & Access Control Applications
- NFC-RFID Combination Seeks Role
- Technology Advancements & Innovations
Select Companies Profiled in the Report
- Denso Corporation
- Datalogic SpA
- Alien Technology
- Denso Wave, Inc.
- CAEN RFID Srl
- GAO RFID, Inc.
- Extronics Ltd.
- Bluebird Inc.
- DAILY RFID CO.,LIMITED
- ELA Innovation
- 1st Choice Security Solutions, Inc.
- AsReader, Inc.
- Competition Electronic (Zhuhai) Company Limited
- Element ID, Inc.
- Bright Life
What`s New?
- Special discussions on the global economic climate and market sentiment
- Coverage on global competitiveness and key competitor percentage market shares
- Market presence analysis across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and trademarked research platform
- Complimentary updates for one year
- Access to curated YouTube video transcripts of market sentiments shared by CEOs, domain experts and market influencers via interviews, podcasts, press statements and event keynotes
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 421 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $9.6 Billion |
| Forecasted Market Value (USD) by 2030 | $24.3 Billion |
| Compound Annual Growth Rate | 12.3% |
| Regions Covered | Global |
Key Topics Covered:
1. MARKET OVERVIEW
- Impact of Covid-19 and a Looming Global Recession
- COVID-19 Leaves the World in Shambles & Industries and Markets Upended: World Economic Growth Projections (Real GDP, Annual % Change) for 2019, 2020 & 2021
- Industrial and Commercial Activity Remains Subdued, Inducing Weakness into RFID Technology Market
- Global PMI Index Points for the Years 2018, 2019 & 2020
- COVID-19 Pandemic Effect on Key End-Use Sectors
- Percentage of Companies Impacted by Supply Chain Delays Due to COVID-19 Worldwide as of August 2020
- Radio Frequency Identification (RFID): A Prelude
- An Introduction to Radio Frequency Identification (RFID) Readers
- Global Market Prospects & Outlook for RFID Readers
- Analysis by Type: Handheld Readers Segment Leads the Market
- World RFID Readers Market by Type (2020 & 2027): Percentage Breakdown of Sales for Handheld, and Fixed
- Transportation & Logistics End-Use Industry to Spearhead Market Growth
- World RFID Readers Market by End-Use (2020 & 2027): Percentage Breakdown of Sales for Transportation & Logistics, Retail, Healthcare, Food & Beverages, Hospitality, Government, and Other End-Uses
- Regional Analysis: Developed Regions Lead RFID Readers Market, Developing Nations Promise Future Growth
- World RFID Readers Market by Region (2020 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
- Global RFID Readers Market: Geographic Regions Ranked by CAGR (Value) for 2020-2027: China, Asia-Pacific, Latin America, Middle East, Canada, USA, Africa, Europe, and Japan
- Competitive Scenario
- Recent Market Activity
- Select Global Brands
- RFID Readers - Global Key Competitors Percentage Market Share in 2022 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
For more information about this report visit https://www.researchandmarkets.com/r/lr5ojb
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
