Wireless RFID Reader Market: Worldwide Industry Analysis and New Market Opportunities Explored

Wireless RFID Readers Market – Snapshot

A wireless RFID reader (wireless RFID interrogator) is a device used to interconnect with RFID tags. The reader has antennas, which emanate radio waves and accepts signals back from the tag. The reader interrogates the tag through radio waves and passes the information in digital form to a computer system. Wireless RFID readers can be of any form such as imager, USB, Bluetooth, handheld, fixed, UHF, HF, and working on different operating systems (OS). Wireless RFID readers can be deployed in various industries ranging from warehouses to corporate offices.  As per the study, sales of portable wireless RFID readers dominates the market in terms of volume with approximately 1.4 million units sold in 2016.

The wireless RFID readers market is driven by the rising growth of the retail industry. Retail industry is witnessing growing adoption and implementation of RFID tags and readers for inventory and supply chain management. RFID readers enable retail enterprises and consumers to identify, engage, transact, locate, and authenticate their assets and personnel. Furthermore, increasing government initiatives is boosting the growth of the wireless RFID readers market. The global wireless RFID readers market is expected to grow significantly during the forecast period due to the growing demand for solutions which can enhance business operations

However, rising security concerns among end-users is affecting the large-scale adoption of wireless RFID readers. Furthermore, the lack of technical expertise is limiting the growth of the market.

A key opportunity enhancing market growth is the integration of RFID readers with IoT (Internet of Things) which enables the objects to be tracked and monitored globally in real time. Furthermore, varying applications changes the way wireless RFID readers are used in different industries.

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The wireless RFID readers market is segmented on the basis of operating system, type, and application. Based on operating system, the market has been segmented into Windows, Android, Mac OS, and others. On the basis of type, the market is segmented into fixed /wall mounted and portable. In terms of application, the market has been segmented into asset tracking, inventory management, personnel tracking, and access control. Asset tracking is expected to hold the major share due to the rising demand of end-users to have end to end visibility

From a regional point of view, North America is projected to hold a major share in the wireless RFID readers market. Growth in this region is attributed to robust adoption and penetration of wireless RFID readers, as well as substantial application of wireless RFID readers in varied end-user industry segments. Asia Pacific is anticipated to observe profitable growth due to rising adoption of wireless RFID readers by retailersin countries such as China, India, and Japan where penetration of the Internet and smartphone devices is increasing significantly which is in turn providing enormous opportunities to vendors in the market. Furthermore, the markets in Middle East & Africa (MEA) and South America are also expected to grow significantly during the forecast period. Growing awareness and adoption of wireless RFID readers across Middle East & Africa and South America is offering new opportunities for key players operating in the global wireless RFID readers market.

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Major vendors are spending huge amounts in wireless RFID readers since the market is growing rapidly. Furthermore, technological advancements and rising trend of secured access is boosting the adoption of a wide-ranging variety of wireless RFID readers. Moreover, leading hardware vendors are improving their sales and distribution channels in order to access distant clients.

Key players profiled in the wireless RFID readers market report include Alien Technology, Honeywell International Inc., Bright Alliance Technology Limited, CipherLab Co., Ltd., Daily RFID Co. Limited, Feig Electronics GmbH, Impinj, Inc., Invengo Technology Pte. Ltd, Nedap N.V., Datalogic S.p.A,  JADAK, a Novanta Company, and Technology Solutions (UK) Ltd.