Global Market Growth Rate of More than 21% by 2020 For RFID Readers

In Hardware
rfid, chip

Global RFID Readers Market 2016-2020 Size and Share Published in 2015-12-09 Available for US$ 2000 at Researchmoz.us

 

Market outlook of the global RFID eaders market

RFID readers play a critical role in inventory management and are finding tremendous response in many big stores, supermarkets, hypermarkets, and apparel stores. This market research report by Technavio emphasizes on the involvement of RFID readers in different end-user segments like healthcare, transportation, and retail. The increasing incorporation of RFID readers in these segments is expected to result in its impressive market growth rate of more than 21% by 2020.

The ability of RFID readers to reduce errors pertaining to data entry is a key driver for the growth of this market. With the introduction of RFID and barcode systems firms are able to record and recognize data entries automatically with more precision. It not only helps in the automation of data entries but also corrects warehouse errors. The ability of these readers to facilitate the efficient tracking of assets is a significant factor that is expected to foster its adoption during the forecast period.

End-user segmentation of the RFID readers market

Retail

Transportation

Logistics

Manufacturing

Technavios market research analyst estimates the retail segment to retain its dominating hold over the market by 2020. The growing need to improve inefficiencies in the supply chain is a critical factor that results in this segments high market share of nearly 58% by 2020.

Geographical segmentation of the RFID readers market

Americas

EMEA

APAC

Get a Free Sample Copy of the Report: http://www.researchmoz.us/enquiry.php?type=S&repid=489826

In this market research, analysts estimate the Americas to account for an impressive market share of more than 51% by 2020. The introduction of stringent mandates that necessitates the usage of RFID devices in various sectors like transportation and healthcare is expected to impel market growth during the forecast period.

Competitive landscape and key vendors

The global RFID readers market is highly fragmented due to the presence of numerous large and small vendors. The competitive environment in this market is expected to intensify during the forecast period owing to factors like the increase in R&D innovations by vendors and the expansion of key vendors into the APAC region.

The top four leading vendors of the market include –

Alien Technology

Honeywell

Impinj

Zebra Technologies

The other prominent vendors of the market include Applied Wireless Identification Group, ThingMagic, Datalogic, RF Ideas, TSL, CAEN RFID, Cipher Lab, Fieg Electronics, Unitech, GAO RFID, and Mojix.

Key questions answered in the report

What are the key factors driving the RFID readers market?

What are the key market trends impacting the growth of the RFID readers market?

What are the various opportunities and threats faced by the RFID readers market?

Trending factors influencing the market shares for the Americas, EMEA, and APAC?

Key outcome of the five forces analysis on the RFID readers market?

Growth forecast of the RFID readers market until 2020?

Technavio also offers customization on reports based on specific client requirement.

Related reports

Global RFID Market for Retail Applications 2015-2019

Global Sourcing of RFID Tags Market 2014-2018

Global RFID Middleware Market 2014-2018

Global RFID Smart Cabinet Market 2014-2018

Global RFID Market 2014-2018

Inquiry on this report: http://www.researchmoz.us/enquiry.php?type=E&repid=489826

Table of Content

PART 01: Executive summary

Highlights

PART 02: Scope of the report

Definitions

Common currency conversion rates

Market overview

Top vendor offerings

PART 03: Market research methodology

Research methodology

Economic indicators

PART 04: Introduction

Key market highlights

PART 05: Market landscape

Market overview

Market size and forecast

Five forces analysis

Browse All SemiconductorsMarket Research Reports at: http://www.researchmoz.us/semiconductors-market-reports-63.html

About ResearchMoz

ResearchMoz is the world’s fastest growing collection of market research reports worldwide. Our database is composed of current market studies from over 100 featured publishers worldwide. Our market research databases integrate statistics with analysis from global, regional, country and company perspectives.

Image Source: http://thehackernews.com/2016/02/hacking-rfid-chips.html

You may also read!

Silone

Silone Group is the largest supplier of NBS card personalization equipment in China

Silone Cardtech Co. Ltd (Silone) was founded in 1993 in San Jose California to focus on the card industry.

Read More...
RealSmart

RealSmart, Creating Smart Platform

Founded in China in year 2003, RealSmart is a booming industry of Smart Card and RFID business. Building on

Read More...
ZhiDa

ShenZhen ZhiDa Smart Technology Co., Produces Variety of Card of The R & D and Production of Professional Business Card Printing Company

ShenZhen ZhiDa Smart Technology Co., Ltd was founded in year 2003, ZhiDa Smart Technology engages in a variety of

Read More...

Leave a reply:

Your email address will not be published.

Mobile Sliding Menu