Market Overview

The global RFID printer market has witnessed continuous growth over the past few years. However, the COVID-19 pandemic disrupted this trend in 2020, causing a decline in the market due to the blockade measures and the impact on downstream industries such as transportation, manufacturing, and retail. Leading industry players, including Zebra Technologies Corporation and SATO Holdings Corporation, were affected by the pandemic's impact on their RFID printer businesses. However, as the blockade measures were lifted, the market quickly recovered and resumed its growth trajectory. The Asia-Pacific region is expected to drive the market's continued fast growth trend. Recent market research predicts that the global RFID printer market is projected to increase by USD 43.2 million, with a CAGR of 9% by the of 2028.

Research Coverage

The report overview includes a comprehensive study of the global RFID printer industry, covering various aspects such as market definition, leading companies, market segments and sub-segments analyzed by product type, frequency, application, and region. The report provides an in-depth analysis of the potential of the global RFID printer industry, offering statistical information about market size, market share, growth rate, and forecasts. This analysis is expected to assist industry stakeholders in making informed decisions regarding investments, market entry strategies, and expansion plans.

The global RFID printer market is classified by product type into desktop RFID printers, industrial RFID printers, and mobile RFID printers. The desktop RFID printer segment contributed the most to the market in 2022 and is projected to grow at a CAGR of 9.2% by 2028, owing to the benefits of RFID technology in improving inventory management, supply chain visibility, and efficiency. Desktop RFID printers are used to print and encode RFID tags for tracking and identifying products, assets, and patients in hospitals.

Although the mobile RFID printer market share was relatively small in 2022, it is expected to be the fastest-growing category among the three products. This is due to the convenience that mobile printers offer, making them ideal for various applications. Mobile RFID printers are portable and can be used on the go, making them popular in industries such as transportation, logistics, and healthcare, where mobility is critical. The projected growth rate of the mobile RFID printer market is expected to be driven by the increasing adoption of RFID technology in various industries.

By frequency, the RFID printer industry is segmented into low frequency (LF), high frequency (HF), and ultra-high frequency (UHF). The UHF printer segment held the highest share of the global RFID printer market in 2022 and is estimated to maintain its dominant position during the forecast period. This can be attributed to the increasing demand for UHF RFID printers in industries such as retail, healthcare, and logistics.

Based on application, the RFID printer industry is segmented into retail, manufacturing & industrial, transportation, healthcare, and others. The retail segment held the highest share of the global RFID printer market in 2022, and is estimated to continue its dominant share during the forecast period. This can be attributed to the increasing adoption of RFID technology in the retail industry. With the rising trend of online shopping, retailers are facing the challenge of managing large quantities of goods efficiently and accurately. RFID technology offers a solution to this problem by providing real-time inventory tracking, which can improve the customer experience by ensuring that products are available and ready for delivery. Moreover, the use of RFID technology in the retail industry can also help retailers to reduce costs by minimizing inventory errors, reducing product loss, and optimizing supply chain management. These benefits are driving the demand for RFID printers in the retail industry, and are expected to fuel the growth of the market in the coming years.

With the rising trend of online shopping, retailers are facing the challenge of managing large quantities of goods efficiently and accurately. RFID technology offers a solution to this problem by providing real-time inventory tracking, which can improve the customer experience by ensuring that products are available and ready for delivery. Moreover, the use of RFID technology in the retail industry can also help retailers to reduce costs by minimizing inventory errors, reducing product loss, and optimizing supply chain management. These benefits are driving the demand for RFID printers in the retail industry, and are expected to fuel the growth of the market in the coming years.

The RFID printer industry is categorized by region into North America, Europe, Asia Pacific, and RoW (Rest of World). The North America segment held the largest share of the global RFID printer market in 2022, owing to the early adoption of RFID technology in the retail and healthcare industries. The presence of major players in the region and the high level of awareness among end-users are also contributing to the growth of the market in North America. However, the Asia-Pacific region is projected to witness the fastest growth rate in the future, with a CAGR of 11.2% until 2028. This growth can be attributed to the increasing adoption of RFID technology in various industries, including retail, manufacturing, and transportation, in countries like China, India, and other developing nations in the region. The growing e-commerce industry in Asia-Pacific is also driving the demand for RFID printers as retailers aim to improve supply chain management and enhance the customer experience. These factors are expected to fuel the growth of the RFID printer market in the Asia-Pacific region in the coming years.

Competitive Landscape

The industry's primary rivals consist of Zebra Technologies Corporation, SATO Holdings Corporation, Honeywell International, Inc., Toshiba Tec Corporation, TSC Auto ID Technology Co., Ltd., Brother International Corporation, Avery Dennison Corporation, Printronix LLC, POSTEK Technologies, Inc., Lexmark International, Inc., GoDEX International Co., Ltd., DASCOM AP Pte. Ltd., Xiamen Hanin Electronic Technology Co., Ltd., among others.

Key Questions Answered

What is the projected global market size of FRID printer by 2028

Which type segment generates the most substantial revenue

Which frequency segment achieves the highest performance in the FRID printer market

Within the market, which application segment has secured the leading position

Among the various region segments, which segment has taken the leading position

Who are the key players with the largest market share in the FRID printer market

What is the estimated global market size for the FRID printer market in 2023

What are the main factors driving the growth of the FRID printer market

What is the expected incremental growth of the FRID printer market during the forecast period

Which region is expected to have a high growth rate during the forecast period