Global RFID And Barcode Printer Market Size By Printer Type (Barcode Printer, RFID Printer), By Format Type (Industrial Printer, Desktop Printer), By Printing Technology (Thermal Transfer, Direct Thermal), By Geographic Scope And Forecast

RFID And Barcode Printer Market Size And Forecast

RFID And Barcode Printer Market size was valued at USD 4.49 Billion in 2024 and is projected to reach USD 7.37 Billion by 2031, growing at a CAGR of 6.40% from 2024 to 2031.

Increased installation of RFID and improved productivity to tackle the impact of covid-19, growing use of RFID and barcode printers are flourishing the global E-Commerce industry. The demand for mobile RFID and barcode printers is increasing pampered leave worldwide as RFID And Barcode Printer Market is used for printing labels tickets and received in the hospitals, retail, and Healthcare Centre Sectors. The Global RFID And Barcode Printer Market report provide a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

Global RFID And Barcode Printer Market Definition

Tag and reader are the two components of a wireless technology known as radiofrequency identification (RFID). The Reader is an apparatus that emits radio waves through one or more antennas and receives signals from the RFID tag. Thus, it is a technique for gathering data that uses low-powered radio waves to automatically identify things. The technology uses an RFID tag to transmit and receive data. The barcode, on the other hand, is a pattern of parallel lines printed on a product and used specifically for stock control. It is a machine-readable code.

Barcodes are affixed to retail store items, identification cards persons, or locations which can be read by a barcode reader. Both of the technologies have been used across many industries for extremely fast recognition implementation of data. These pictures provide security tracking, Theft, and a demonstration of demonstrable production in liabilities.

Global RFID And Barcode Printer Market Overview

The Global RFID And Barcode Printer Market is nourishing as it takes a lot of time and effort and provides real-time data fish not only is efficient Call to provides security. The demand for mobile RFID and barcode printers is increasing pampered leave worldwide as RFID And Barcode Printer Market is used for printing labels tickets and received in the hospitals, retail, and Healthcare Centre Sectors. Mobile Printer statement projected to grow at the highest CAGR from 2021 to 2028. Mobile printers are the key drivers that can be used in a number of industries for printing barcodes and RFID labels and tags. In the world of digitization features like making the printing of barcode and RFID labels and tags and receipts easy.

These features include durability, robustness, ruggedness, ease to use, and connection with mobile devices with flexible connectivity options like USB, Bluetooth, and wireless LAN. The growing use of RFID and barcode printers in the supply chain industry, increasing development of RFID and barcode printers in hospitals, and rising Global adoption of RFID and barcode tags enabled by industry and smart manufacturers are some of the opportunities for the market. The requirement for improvement in inventory management, and rising demand for mobile printers based on wireless Technologies are the RFID And Barcode Printer Market print resolution and poor image quality of a poor label hampering the growth of the market.

They are the easiest and most cost-effective solutions used in short-term applications. They are employed for printing labels meant for temporary use, such as shipping labels and food packaging labels. The direct form of the segment is projected to lead from 2021 to 2028. The growth of the segment of the market can be attributed to the increasing penetration of thermal transfer technology in barcode printers. The reason being it is accepted by all types of manufacturing units, retail stores, supermarkets, logistics, healthcare, and hospitality.

Global RFID And Barcode Printer MarketSegmentation Analysis

The Global RFID And Barcode Printer Market Segmented on the basis of Printer Type, Format Type, Printing Technology, and Geography.

RFID And Barcode Printer Market, By Printer Type

• Barcode Printer
• RFID Printer

Based on Printer Type, the market is segmented into Barcode Printer And RFID Printer. Both segments are equivalent in terms of growth and revenue. Barcode printers have high demand in retail shops and supermarkets, while RFID printers are widely used in the manufacturing and logistics industry

RFID And Barcode Printer Market, By Format Type

• Industrial Printer
• Desktop Printer
• Mobile Printer

Based on Format Type, the market is segmented into Industrial Printer, Desktop Printer, and Mobile Printer. Due to its availability in a variety of shapes and sizes, including radial bearings, angular contact bearings, and insert bearings, hybrid RFID and Barcode printers currently represent the most popular product type.

RFID And Barcode Printer Market, By Printing Technology

• Thermal Transfer
• Direct Thermal
• Others

Based on Printing Technology, the market is segmented into Thermal Transfer, Direct Thermal, and others. Thermal printer technology is perfect for mobile printers when the requirement is high-quality print output, media usage flexibility, and low maintenance requirements. Direct thermal technology is popularly used in mobile printing for the ease of use and convenience offered by it for high-volume tag printing. Both of these Technologies are equivalently adopted depending upon the user’s requirement.

RFID And Barcode Printer Market, By Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of Geography, the Global RFID And Barcode Printer Market is classified into North America, Europe, Asia Pacific, and the Rest of the World. North America accounted for the largest share of the RFID And Barcode Printer Market, and a similar trend is anticipated to continue during the forecast period

Key Players

The “Global RFID And Barcode Printer Market” industry is highly competitive. Some of the prominent companies in the market are Zebra Technologies Corp., SATO Holdings Corporation, Honeywell International, Seiko Epson Corp., Avery Dennison Corporation, Bixolon, GoDEX International, Toshiba Tech Corporation, Star Micronics, Printronix, Primera Technologies, Postek Electronics, Barcode Technologies, Brother International Corporation.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.

Key Developments

• In 2021, Zebra Technologies introduced the ZD420-HC printer, designed specifically for the healthcare industry. It provides barcode and RFID printing capabilities to improve patient safety and enhance operational efficiency in healthcare settings.
• In 2020, Honeywell launched the PX940V Industrial Printer with integrated barcode verification technology. It ensures the accuracy of printed barcodes, reduces errors, and enhances supply chain efficiency.
• In 2020, SATO released the CL4NX Plus series of industrial printers. These printers offer improved print speeds, enhanced connectivity options, and advanced RFID encoding capabilities, catering to the growing demand for RFID-enabled solutions.

Ace Matrix Analysis

The Ace Matrix provided in the report would help to understand how the major key players involved in this industry are performing as we provide a ranking for these companies based on various factors such as service features & innovations, scalability, innovation of services, industry coverage, industry reach, and growth roadmap. Based on these factors, we rank the companies into four categories as Active, Cutting Edge, Emerging, and Innovators.

Market Attractiveness

The image of market attractiveness provided would further help to get information about the region that is majorly leading in the Global RFID And Barcode Printer Market. We cover the major impacting factors that are responsible for driving the industry growth in the given region.

Porter’s Five Forces

The image provided would further help to get information about Porter’s five forces framework providing a blueprint for understanding the behavior of competitors and a player’s strategic positioning in the respective industry. Porter’s five forces model can be used to assess the competitive landscape in the Global RFID And Barcode Printer Market, gauge the attractiveness of a certain sector, and assess investment possibilities.

Report Scope

Research Methodology of Market Research