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The RFID and Barcode Printer Market size is forecast to reach $5.30 billion by 2026, growing at a CAGR of 6.4% from 2021 to 2026. The RFID and Barcode Printer Market is estimated to witness substantial growth over the forecast period primarily due to an increase in installation of RFID and barcode printers in manufacturing units to increase productivity and increase in the use of printing labels ticket in hospitals, retail, and healthcare sectors. RFID and barcode printer runs on automatic identification and data capture technology that allows automatically identify items; collect data to enter data electronically into computer systems. It contains a microchip implant that works as an antenna that sends and receives radio waves which takes care of modulating and demodulating the radio signals. It has postal numeric encoding technique which encodes the zip code and destination address in a barcode format on a postal mail.
RFID and Barcode Printer Market Segment Analysis – By Printer Type
The market segment by printer into barcode printer and RFID printer. RFID printer segment is expected to grow at a higher CAGR during the forecast period 2021-2026. It is due to the increasing demand for RFID-printed labels in the supply chains of the retail, manufacturing and healthcare industries. RFID printers create smart labels these labels use radio frequency technology to transmit information through user systems. These printers add specific digital functionality to images by embedding RFID labels in to different types of print formats. They are developed in such a way that these printers can print clear machine-readable barcodes and RFID prints at high printing speeds and low costs.
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RFID and Barcode Printer Market Segment Analysis – By Format Type
The market segment by application into industrial printer, desktop printer and mobile printer. The mobile printer segment is the leading segment of all the segments in terms of revenue. Mobile printers are used in a number of industries for printing barcodes and RFID labels and tags. Mobile printers features durability, robustness and ruggedness which is easy to connect with mobile devices and flexible connectivity options. Mobile printers are beginning to play an increasingly important role in many businesses and restaurants use them to provide credit card receipts, pawn shops use them to provide handling of goods receipts and many other businesses rely on them for an array of businesses.
RFID and Barcode Printer Market Segment Analysis – By Geography
RFID and Barcode printer market by geography has been segmented into North America, Europe, APAC, South-America and RoW. NorthAmerica is expected to dominate the RFID and Barcode Printer Market due to the presence of large number of providers of RFID and barcode printers such as Zebra Technologies, Honeywell International and Brother Industries. Additionally, US are the leading market in the North America and well established economy which encourages increased government and private investments in the new technologies.
RFID and Barcode Printer Market Drivers
Increase in demand for mobile printers based on wireless technologies
The mobile printers are witnessing rapid growth due to adoption of these printers in different market applications such as retail, healthcare and others. These mobile printers based on wireless technologies implement tasks like barcode scanning and read RFID labels, printing receipts, invoices and tickets through a wireless network which can reduce number of hidden costs. Mobile printers come with Wi-Fi wireless interface which offers multiple connections at faster speed and greater range. These printers also use short ranged Bluetooth technology which offers one-to one connection to receive commands from smartphones or tablet. Such factors in mobile printers driving the growth of RFID and Barcode Printer Market.
Rise in installation of RFID and Barcode Printers in for improvement in inventory management
The increase in installation of RFID and barcode printers in manufacturing units for enhancing productivity and to tackle the impact of covid-19 and inventory management is driving the market growth. Radio frequency identification technology for asset and inventory management has been steadily replacing inefficient and time consuming manual processes to save time and automate the identification of objects, capture data and increase data accuracy. RFID printing technology is a wireless, non-contact use of electromagnetic fields for identifying and tracking tags attached to objects and reads without line of sight up to 30 feet away using ultra-high-frequency which prevents covid-19. Such advantages of these printers enabling to install in different applications due to which driving market growth.
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RFID and Barcode Printer Market Challenges
High heat setting of barcode printer leading to smudged bar lines
High heat settings of barcode printer is one of the most challenging factor to consider as in order for a barcode symbol to be recognized by the printer there must be an adequate contrast between the dark bars and light spaces. If the heat settings are too high or the print speed is too low it appears to smudge and bars are printed very thickly. This may cause irregular printing on the label, resulting in the leading and trailing edges of characters, images or lines. Smudged bar lines on to white spaces hampers the scanning process of barcodes during scanning which leads to slow process.
RFID and Barcode Printer Market Landscape
Product launches, acquisitions, and R&D activities are key strategies adopted by players in the RFID and Barcode Printer Market. The RFID and Barcode Printer top ten companies include:
Zebra Technologies Corp.
SATO Holdings Corporation
Honeywell International
Seiko Epson Corp.
Avery Dennison Corp.
Bixolon
Godex International
Toshiba Tec Corporation
Linx Printing Technologies
Printronix
Acquisitions/Technology Launches/Partnerships
In March 2021, TSC Printronix Auto ID, upgraded the T6oooe enterprise industrial printer adding integrated RFID and barcode inspection capabilities. It allows users to print and encode RFID labels and inspect and grade the quality of printed barcodes in a single pass.
In May 2021, BIXOLON Europe GmbH launched XT5-40NR and XD5-40tR RFID label printer which offers printing solutions UHF RFID printing and encoding solutions. These printers supports extremely close-spaced RFID inlay encoding to reduce media waste.
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Key Takeaways
RFID and Barcode Printer Market is estimated to witness substantial growth over the forecast period primarily due to an increase in installation of RFID and barcode printers in manufacturing units to increase productivity and increase in use of printing labels ticket in hospitals, retail and healthcare sectors.
RFID printers can track multiple tags simultaneously, transmitting data, eliminating the need for direct line of sight between the scanner and tag.
RFID and barcode printers is being implemented in different applications such as retail, transportation and logistics, healthcare and hospitality and others.orth-America is projected to hold the largest share of RFID and Barcode Printer Market during the forecast period due to the presence of large number providers of RFID and barcode printers and government and private investments.
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