Global RFID Reader Market will grow at a CAGR 14.8% and reach USD 3.4 Billion by 2023

LEWES, Del. - Sept. 10, 2018 - PRLog -- RFID Reader Market will register a 14.8% CAGR in terms of revenue, reach US$ 3400 million by 2023, from US$ 1490 million in 2017.

An RFID reader, also known as an interrogator, is a device that provides the connection between the tag data and the enterprise system software that needs the information. The reader communicates with tags that are within its field of operation, performing any number of tasks including simple continuous inventorying, filtering (searching for tags that meet certain criteria), writing (or encoding) to select tags, etc.

The reader uses an attached antenna to capture data from tags. It then passes the data to a computer for processing. Just like RFID tags, there are many different sizes and types of RFID readers. Readers can be affixed in a stationary position in a store or factory, or integrated into a mobile device such as a portable, handheld scanner. Readers can also be embedded in electronic equipment or devices, and in vehicles.

The Major regions to produce RFID Reader are North America, Europe and China. North America is the largest production in volume (production share 39.30% in 2016).

RFID Reader is mainly produced by Honeywell, Datalogic and Zebra. And these companies totally occupied above 41.52% market share by sale value in 2016.

Along with the automotive production and ownership, North America, EU, Asia-Pacific are major consumption regions in RFID Reader market. The largest consumption region is North America, accounting for 35.52% market share in 2016 by consumption volume. Asia-Pacific is a promising region to be the fastest developing consumption region in the next few years.

Although sales of RFID Reader brought a lot of opportunities, the industry barrier is rather high and the automotive industry supply chain is rather closed. Therefore, the study group recommends the new entrants who just having money but without technical advantage and downstream support, do not to enter into the RFID Reader field hastily.

Over the next five years, Study projects that RFID Reader will register a 14.8% CAGR in terms of revenue, reach US$ 3400 million by 2023, from US$ 1490 million in 2017.

This report studies the global market, especially in North America, Europe, Asia-Pacific, South America, Middle East and Africa, focuses on the top 5 players in each region, with sales, price, revenue and market share from 2013 to 2018, the top players:

Honeywell

Datalogic

Zebra

Impinj

Fieg Electronics

Unitech

ThingMagic

TSL

Alien Technology

Mojix

AWID

Cipher Lab

Invengo Technology

Sense Technology

Chafon group

CSL

Chinareader

Market Segment by Regions, this report splits Global into several key Regions, with sales, revenue, market share of top players in these regions, from 2013 to 2018 (forecast), like

North America (United States, Canada and Mexico)

Asia-Pacific (China, Japan, Southeast Asia, India and Korea)

Europe (Germany, UK, France, Italy and Russia etc.)

South America (Brazil, Chile, Peru and Argentina)

Middle East and Africa (Egypt, South Africa, Saudi Arabia)

Split by Product Types, with sales, revenue, price, market share of each type, can be divided into

LF RFID Reader

HF RFID Reader

UHF RFID Reader

MW RFID Reader

Split by applications, this report focuses on sales, market share and growth rate in each application, can be divided into

Government

Transportation & Logistics

Retail

Automotive

Manufacturing

Others

Spanning over 146 pages "Forecast of Global RFID Reader Players Market 2023" report covers RFID Reader Market Overview, Global RFID Reader Sales, Revenue (Value) and Market Share by Players, Global RFID Reader Sales, Revenue (Value) by Regions, Type and Application (2013-2018), North America Top 5 Players RFID Reader Sales, Revenue and Price, Europe Top 5 Players RFID Reader Sales, Revenue and Price, Asia-Pacific Top 5 Players RFID Reader Sales, Revenue and Price, South America Top 5 Players RFID Reader Sales, Revenue and Price, Middle East & Africa Top 5 Players RFID Reader Sales, Revenue and Price, Global RFID Reader Players Profiles/Analysis, Global RFID Reader Market Forecast (2018-2023), RFID Reader Manufacturing Cost Analysis, Industrial Chain, Sourcing Strategy and Downstream Buyers, Marketing Strategy Analysis, Distributors/Traders, Market Effect Factors Analysis, Research Findings and Conclusion, Appendix.

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