Fixed RFID Reader Market
Fixed RFID Reader Market Analaysis By Frequency Type (Low Frequency, High Frequency, Ultra High Frequency), By Communication Type (Wi-Fi, Ethernet, Others), By Industry Verticals (Automotive, Retail, Agriculture, Healthcare, Others) - Global Market Insights 2023 to 2033
Analysis of Fixed RFID Reader Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Fixed RFID Reader Market Outlook (2023 to 2033)
Rising automation in the supply chain is expected to resolve the time and effectiveness issues ahead of manufacturers. However, with the introduction of RFID scanners, the process is further improved to increase the efficiency of operations. The RFID readers needed to de-brief the RFID tags
On the basis of applications, this technology is expected to derive the majority of revenue from the industrial application segment. The market this year is expected to surpass the market size of USD 6.7 billion in 2023. These are largely adopted in the automotive, retail, and manufacturing industries with the intention to increase ease and efficiency in the supply chain.
RFID Reader manufacturers are focusing on the integration of sensors along with the communique technologies so that users can manage and track the movement of their products. further integration with technologies such as big data and IoT are assisting in tracking objects and their real-time locations. An increase in the penetration towards the adoption of advanced technology is one of the key trends in the market.
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What are favoring factors of demand for this technology?
These readers track each object which is approaching customers while also saving time. As it calculates the cost in a scan this makes it further effective to be used in many places. These help in improving supply chain efficiency, asset management and utilization, and work-in-process (WIP) tracking. These readers also improve maintenance tracking and drive efficient logistics and manufacturing operations. Such factors are furthermore driving the adoption of fixed RFID readers in the market.
UHF technology to drive growth in demand for RFID readers
Ultra –High-Frequency tags are used dominantly in the retail sectors as with this technology one can read data from great distances like 8 to 10 meters. RFID technology when paired with the UHF offers massive data in real-time and is used in supply chain improvement and further uplifts operational efficiency.
However, the fixed RFID readers do not have a locking system or secure password; thus, the risk of information breaches increases. Their high cost of installation of new hardware and software is also hindering the adoption. further, it also requires skilled technical expertise for integration. These factors are hampering the growth of the market. These are complex to understand and unreliable.
These readers also face hindrances in adoption due to the lack of standardization of signal frequencies across the world. Such factors are furthermore hindering the growth of the market. the cost of implementation of RFID readers is more expensive than that of barcode systems. Moreover, this technology is difficult to understand and tags are usually larger than that Barcodes. These tags are applications based that lack multiple uses of the same tag possibility.
Key players in the market
Examples of some of the key players operating in the market are Zebra Technologies, Invengo Information Technology Co. Ltd., GAO RFID Inc., Impinj, Inc., Alien Technology, Xerox Corporation, Honeywell International Inc., Datalogic SPA, CipherLab, and Unitech Limited.
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The market is segmented across North America, Latin America, Western Europe, Eastern Europe, China, SEA, and others of APAC, Japan, and the Middle East & Africa. North America is expected to be a large market as a majority of the vendors such as GAO RFID Inc., Zebra Technologies, and Impinj, Inc. are based in the region. Growing safety concerns for clinical research are driving the adoption to monitor the quality and quantity of medicine in European countries, such as Russia.
The growing popularity of Fixed RFID Reader in developing regions, such as APEJ, Latin America, and parts of Africa, is characterized by the high investment in new technologies to improve business operations in the regions. Rising disposable income among people in the countries mentioned above is likely to increase the scope of penetration in these regions in the near future.
Segment Wise Insights
The market can be categorized on the basis of frequency, communication type, and industry verticals. The high-frequency fixed RFID Reader is expected to cater high share of the market since they are compatible with the majority of tags available in the market. On the basis of communication type, the demand for Wi-Fi fixed RFID readers is expected to rise exponentially due to the increasing adoption of Wi-Fi technology.
On the basis of industry verticals, the demand is increasing in the automotive industry since it increases the efficiency of tracking goods and identifying vehicles and their parts.
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By Frequency :
- Low Frequency
- High Frequency
- Ultra High Frequency
By Communication Type :
By Industry Verticals :
- Logistics and Transportation
- Aerospace and Defense
By Regions :
- North America
- Latin America
- Western Europe
- CIS and Russia
- Middle East and Africa
- FAQs -
High costs of installation and the requirement of a skilled workforce to manage them are expected to constrain market expansion going forward.
Fixed RFID readers are extensively used in supply chain management, automotive, retail, and manufacturing industries.
Technology like Ultra –High-Frequency tags are used dominantly in the retail sectors as with this technology one can read data from great distances like 8 to 10 meters.
The market is segmented on the base of frequency, type of communication channel, regions, and base of industry vehicle.