Projected Market Size (2034): USD 2,119.54 Million
CAGR (2023-2034): 8.5%
Pricing Analysis:
Price Growth
Regional Variations
Market Historic Sales
Total sales volume, year-over-year growth, product categories, and market share.
Revenue Estimation
Forecasting future revenues based on historical data, market trends, and economic indicators.
Sales by Region
Breakdown of sales performance across different geographical areas.
Revenue by Manufacturer
Analysis of revenue contributions from different manufacturers in the market.
IoT RFID Printers Market Definition
The IoT RFID printers market is an integral segment of the consumer electronics industry. This industry deals in the manufacturing and distribution of internet-based RFID printers across the world. There are various products manufactured in this industry, such as industrial printers, mobile printers, desktop printers, and others. These printers are developed using several technologies, such as thermal transfer, direct thermal, and inkjet. It is mainly available in the market through different frequencies such as low frequency (LF), high frequency (HF), and ultra-high frequency (UHF). This market is likely to rise significantly with the growth of the printing industry around the globe.
The demand for IoT RFID printers has increased rapidly in the healthcare sector. In the healthcare industry, these printers are used to develop RFID tags for various objects, such as medical equipment, patient wristbands, medication packaging, and staff ID badges. Also, the application of these printers has grown in the manufacturing sector. In the manufacturing industry, IoT RFID printers are used to print labels on products for inventory management, production tracking, tool and equipment management, automated reordering, and others. Moreover, the usage of these printers has gained traction in the entertainment and governmental sectors due to their numerous applications. Thus, the rising application of these printers in the above-mentioned sectors is expected to boost the growth of the IoT RFID printers market.
Advancements in 3D printing technology along with developments in smart sensing RFID, are expected to create ample growth opportunities for the market players in the future. In March 2023, Chainway launched an IoT RFID printer named ‘CP30’. This printer is designed for several applications, such as asset management, medical, warehousing, logistics, and others.
Download
Order Databook
Actionable Solutions
