About Handheld RFID Readers
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.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 8.37% |
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. Analyst at AMA Research estimates that North America Players will contribute the maximum growth to Global Handheld RFID Readers market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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 coverage are Sense Technology (China), GAO Group Inc. (Canada), Keonn Technologies, S.L. (Spain) and Janam Technologies (United States).
Segmentation Overview
AMA Research has segmented the market of Global Handheld RFID Readers market by Type (Reading Unit, Display Unit and All In One Device) and Region.
On the basis of Type, Reading Unit are dominating the market in the year 2023 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 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by End Users, the sub-segment i.e. Warehousing Management will boost the Handheld RFID Readers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Frequency, the sub-segment i.e. Low Frequency will boost the Handheld RFID Readers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Operating System, the sub-segment i.e. IOS will boost the Handheld RFID Readers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Acceptance in Retail Sector and Development in Online Platforms
Market Growth Drivers:
Rising Application in Access Control and Security and Rise in Awareness Regarding RFID Technology
Challenges:
Fluctuation in Raw Materials Prices
Opportunities:
RAIN RFID and Technological Development and Product Innovation
Market Leaders and their expansionary development strategies
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
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.
Key Target Audience
Venture 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
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.