RFID is referred as radio frequency identification technology that can be defined as a form of wireless connection, which is used for application of electrostatic or electromagnetic coupling in the high frequency range as part of the electromagnetic spectrum for verification. It usually contains three components: scanning antenna, transponder and transceiver. The RFID system includes RFID tags, RFID readers, and software with tags that generates information that is written and read by an RFID reader. An RFID reader is a special device that functions as a radio frequency transmitter and receiver of RFID tag information.
Referring to study, “North America RFID Readers Market 2020-2026 by Product Type, Frequency Band, Connector Type, Operating System, Application, and Country: Trend Forecast and Growth Opportunity” the key companies operating in the North-America RFID readers market include Technology Solutions UK Ltd. (TSL), Daily RFID Co. Limited, ThinkMagic (Trimble), GAO RFID, Inc., Bright Alliance Technology Limited, Nedap N.V., Datalogic S.p.A, Feig Electronics GmbH, Zebra Technologies Corporation, Alien Technology Corporation, Xerox Corporation, Impinj, Inc. and among others.
In term of product type, the handheld RFID readers dominate the market caused by growth in adoption of RFID tag coupled with rise in need for mobility for RFID readers. Moreover, boost in demand of handheld RFID-readers for manufacturing & automotive industries are set to drive the growth of this segment. Besides, fixed RFID reader segment is likely to be the fastest growing segment. This is due to a number of factors including utilization & work-in-process (WIP) tracking, supply asset management, improve in maintenance tracking, chain efficiency, and drive efficient logistics.
Growth in adoption in businesses for tracking the inventory & equipment, robust-security, and ability to read from greater distance in harsh environment is a major factor, which is responsible for growth of the North-America RFID readers market. Apart from this, high initial investment related to manufacturing and tag collision may impact the market. Moreover, growth in penetration of RFID reader in a variety of applications is a leading opportunity for market.
The North-America region is predicted to lead the RFID readers market over the long term caused by its widespread deployment in the automotive sector. RFID-enabled systems for buses, trucks, trailer and cars make the tire inspection process simple, fast, accurate and make it easy to generate instant reports. The benefits are reusability, life cycle management, no paper/manual errors and improved inspection of the vehicle tyre.
Based on country-wise analysis, the North-America RFID readers market is segmented as Canada, U.S. and Mexico. The U.S. country is predicted to dominate the regional RFID reader market whereas Canada will be likely to exhibit higher CAGR as a result of rise in need for increasing efficiency to improve the quality of manufacturing and increase in demand in supply chain sector. Furthermore, growth in technological advancements and rapid expansion of automotive sector will boost the regional market growth. It is anticipated that future of the North-America RFID readers market will be optimistic as a result of growth in adoption of automation and developing retail division during the forecast period.
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North America RFID Readers Market Research Report
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