Handheld RFID Readers Market Scope
A handheld RFID Reader is a radio frequency-based device that enables the mobile workforce to track assets in the field. RFID Readers are available in various types including fixed or portable. Handheld RFID readers can be used almost anywhere. The handheld RFID readers are based on RFID technology. RFID is a technology, known as radio frequency identification. It uses radiofrequency waves to transfer data between a reader and a movable item to identify, categorize track. It is fast and did not require any physical contact between the reader and the tagged article. RFID is one fast-developing technology that delivers wireless identification and tracking capability for tagging objects, people on the end, called tags ad more complex devices on the other end of the link known as readers. It is considered as one of the emerging technologies and rapidly growing in various segments such as the automatic identification and data capture industry. RFID readers are revolutionizing supply chain management, replacing bar codes, and also becoming one cost-effective technology. There is a huge range of HF, LF, UHF or NFC handheld RFID reader are accessible in the market that can be deployed easily in any industry for smooth tracking of products such as Supply Chain Management, Logistics Management, Inventory Management, Asset Tracking, and many others. It also enhances the visibility into inventory and enterprise assets using a high-performing RAIN and another type of RFID handheld reader built with a reader chip inside. The advanced handheld readers are ergonomic and durable with intuitive designs and long-lasting batteries. Many of manufacturers supply chain partners in China, who temporarily suspended their business operations beginning in January 2020, have since resumed operations. The spread of COVID-19 has resulted in broad global business disruption, which impacted both companies supply chain activities and customer demand. and COVID-19 pandemic has adversely affected the global economy. Because of this pandemic, the RFID handheld reader market is expected to decline by 19.50% in the 2020 year as compared to the previous year.
The Handheld RFID Readers market study is segmented by Type (Reading Unit, Display Unit and All In One Device) and major geographies with country level break-up.
There are various companies are operating in the industry to provides effective Handheld RFID Readers in the market. There are various market players are entering in this industry to capture market growth opportunities. The market leaders are investing on organic and non-organic strategic growth initiatives to become dominant in this industry.The Players having a strong hold in the market are Honeywell Zebra Technologies CSL Bluebird Fieg Electronics. Research Analyst at AMA estimates that North America Players will contribute to the maximum growth of Global Handheld RFID Readers market throughout the predicted period.
Convergence Systems Limited (China), Denso Corporation (Japan), Honeywell International Inc. (United States), Bluebird Inc. (Republic of Korea), Shenzhen Chainway Information Technology Co., Ltd. (China), Technology Solutions (UK) Ltd. (United Kingdom), Zebra Technologies Corporation (United States), FEIG Electronic (Germany), Nordic ID (Finland), Trimble Inc. (United States), AsReader, Inc. (United States), Unitech Electronics Co., Ltd. (Taiwan (R.O.C)), Alien Technology, LLC. (United States), SensThys Inc. (United States) and Invengo Information Technology Co Ltd (China) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Sense Technology (China), GAO Group Inc. (Canada), Keonn Technologies, S.L. (Spain) and Janam Technologies (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AdvanceMarketAnalytics has segmented the market of Global Handheld RFID Readers market by Type, Application and Region. On the basis of Type, Reading Unit are dominating the market in the year 2019 where as All In One Device stood as second largest market share.
On the basis of geography, the market of Handheld RFID Readers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
In June 2020, Nordic ID has launched new rugged handheld reader which is Nordic ID HH85. It is an addition to the growing Android family and expands the company portfolio of data capturing tools., and In February 2020, Chainway has launched URA8 Fixed Android RFID Reader. It is an 8-port Android-based fixed UHF RFID reader integrated with Impinj R2000 RFID chip. It supports RS232, RJ45 and HDMI, and can be compatible with various types of antennas
- Increasing Acceptance in Retail Sector
- Development in Online Platforms
- Rising Application in Access Control and Security
- Rise in Awareness Regarding RFID Technology
- RAIN RFID
- Technological Development and Product Innovation
- Fluctuation in Raw Materials Prices
Key Target AudienceVenture Capitalists and Private Equity Firms, New Entrants/Investors, Strategic Business Planners, Handheld RFID Readers Manufacturers, Suppliers and Distributors, Government Regulatory, Research Organizations and End-Use Industries
Frequently asked questions:1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Handheld RFID Readers Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2025.
3. What is expected growth rate?
According to AMA, the Global Handheld RFID Readers market is expected to see growth rate of 8.37%.