Handheld RFID Readers Market is expected to Grow Exponentially with an Upper Single Digit Growth Rate
The organizations are increasingly focusing on adopting systems that can increase their overall business efficiency. They are consistently moving towards systems and software that can increase their mobility and enhance throughput. The significant adoption of RFID tags and increasing need for mobility has led to the significant adoption of Handheld RFID Readers. Handheld RFID Readers are handheld devices that are used to interrogate an RFID tag. The reader’s antenna emits radio waves to communicate with radio tags. The handheld RFID readers are widely used across warehouses in order to manage inventory and operations related to orders.
Vendors in the handheld RFID readers market are focusing on the integration of cloud-based network to provide its end-users with centralized management and low cost of deployment. Increasing application of handheld RFID readers in the automotive and manufacturing sector is one of the key trends in handheld RFID readers market.
Handheld RFID Readers Market: Drivers and Restraints
The handheld RFID readers are compact, and lightweight solutions that are widely used for inventory cycle counts, the order receiving, picking and fulfillment. The handheld RFID readers also help in increasing the efficiency and productivity of the warehouse by providing product receiving, shelf restocking and other features. Such factors are significantly driving the adoption of handheld RFID readers in the market. The handheld RFID readers provide high data security by eliminating any interferences or connection losses. The handheld RFID readers also provide high performance by reading high volume RFID tags. Such factors are furthermore driving the adoption of handheld RFID readers in the market.
The handheld RFID readers are sometimes unreliable. The handheld RFID readers are unable to scan materials such as metal and water. The handheld RFID readers can also pick up multiple signals for different tags at the same time, which may cause tag collision leading to malfunctioning. Such factors are hampering the adoption of handheld RFID readers in the market. The handheld RFID readers come with various security and privacy concerns such as side channel attacks. The handheld RFID readers are also difficult to operate and requires users to avail training services. Such factors are further hampering the growth of handheld RFID readers market.
Handheld RFID Readers Market: Segmentation
The handheld RFID readers market can be categorized on the basis of frequency, communication type and industry verticals. The demand for ultra-high frequency handheld RFID readers is expected to rise exponentially since its high-frequency range allows users to read more RFID tags in one go. On the basis of communication type, the demand for Wi-Fi handheld RFID Reader is expected to grow since this technology increases the mobility of handheld devices. On the basis of industry verticals, the demand for handheld RFID readers is increasing in retail sectors since it provides simplified supply chain and inventory management.
Handheld RFID Readers market can be segmented on the basis of frequency:
- Low Frequency handheld RFID readers
- High Frequency handheld RFID readers
- Ultra High Frequency handheld RFID readers
Handheld RFID Readers market can be segmented on the communication type:
Handheld RFID Readers market can be segmented on the basis of industry verticals:
- Logistics and Transportation
- Aerospace and Defense
Handheld RFID Readers Market: Competitive Landscape
Examples of some of the key players operating in the Handheld RFID Readers market are Invengo Information Technology Co. Ltd., Alien Technology, GAO RFID Inc., Zebra Technologies, CipherLab, Impinj, Inc., Xerox Corporation, Datalogic SPA, Honeywell International Inc., and Unitech Limited.
The Handheld RFID Readers market is segmented across North America, Latin America, Western Europe, Eastern Europe, China, SEA and others of APAC, Japan and Middle East & Africa. North America is expected to be a large market for Handheld RFID Readers as a majority of the Handheld RFID Readers vendors such as Honeywell International Inc., Zebra Technologies and Xerox Corporation are based in the region. The increasing interest of retail sectors for growing security concerns is driving the adoption of Handheld RFID Readers in European countries, such as Germany and UK. The growing popularity of Handheld RFID Readers in developing regions, such as APEJ, Latin America and parts of Africa, is characterized by increasing focus on the partnership for innovating technologies in the regions. Rising disposable income among people in the countries mentioned above is likely to increase the scope of penetration of Handheld RFID Readers in these regions in the near future.
The research report presents a comprehensive assessment of the Handheld RFID Readers market and contains thoughtful insights, facts, historical data and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application and industry.
The Handheld RFID Readers market report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
Regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Western Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
- CIS and Russia
- Asia-Pacific (China, India, ASEAN, South Korea)
- Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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