RFID Readers Global Strategic Business Report 2023 - Focus on Smart Transportation to Enhance RFID Demand

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.
  • GAO RFID, Inc.
  • Extronics Ltd.
  • Bluebird Inc.
  • 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 AttributeDetails
No. of Pages421
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$9.6 Billion
Forecasted Market Value (USD) by 2030$24.3 Billion
Compound Annual Growth Rate12.3%
Regions CoveredGlobal

Key Topics Covered:


  • 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)




For more information about this report visit https://www.researchandmarkets.com/r/lr5ojb

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