Handheld RFID Readers Market is Set To Fly High in Years to Come
The latest study released on the Global Handheld RFID Readers Market by HTF MI Research evaluates market size, trend, and forecast to 2029. The Handheld RFID Readers market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Key Players in This Report Include:
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), Invengo Information Technology Co Ltd (China)
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According to HTF Market Intelligence, the Global Handheld RFID Readers market to witness a CAGR of 8.36% during forecast period of 2023–2029. The market is segmented by Application (Transportation &Logistics, Healthcare, Hospitality, Food & Beverage, Retail, Manufacturing, Government) by Type (Low Frequency Handheld RFID readers, High Frequency Handheld RFID readers, Ultra High Frequency handheld RFID readers) by Product Type (Handheld RFID Reader, Fixed RFID Reader) and by Geography (North America, South America, Europe, Asia Pacific, MEA).
Definition:
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 radioÂfrequency 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.
Market Trends:
· Increasing Acceptance in Retail Sector
· Development in Online Platforms
Market Drivers:
· Rising Application in Access Control and Security
· Rise in Awareness Regarding RFID Technology
Market Opportunities:
· RAIN RFID
· Technological Development and Product Innovation
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Major Highlights of the Handheld RFID Readers Market report released by HTF MI
Market Breakdown by Applications: Transportation &Logistics, Healthcare, Hospitality, Food & Beverage, Retail, Manufacturing, Government
Market Breakdown by Types: Low Frequency Handheld RFID readers, High Frequency Handheld RFID readers, Ultra High Frequency handheld RFID readers
Global Handheld RFID Readers market report highlights information regarding the current and future industry trends, growth patterns, as well as it offers business strategies to helps the stakeholders in making sound decisions that may help to ensure the profit trajectory over the forecast years.
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Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
- The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
- North America (United States, Mexico & Canada)
- South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
- Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
- Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
Objectives of the Report
· -To carefully analyze and forecast the size of the Handheld RFID Readers market by value and volume.
· -To estimate the market shares of major segments of the Handheld RFID Readers market.
· -To showcase the development of the Handheld RFID Readers market in different parts of the world.
· -To analyze and study micro-markets in terms of their contributions to the Handheld RFID Readers market, their prospects, and individual growth trends.
· -To offer precise and useful details about factors affecting the growth of the Handheld RFID Readers market.
· -To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Handheld RFID Readers market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.
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