RFID and Barcode Printer Market

Zebra Technologies Corporation (US) and Honeywell International Inc. (US) are the Prominent Players in the RFID and Barcode Printer Market

The increasing demand for RFID and barcode labels and tags for extracting the data of a particular asset in many industries such as manufacturing, retail, healthcare, transportation and logistics, and other industries is encouraging the adoption of RFID and barcode printers in various industries. The RFID and barcode printer market is expected to be valued at USD 4.81 Billion by 2022, growing at a CAGR of 5.7% between 2017 and 2022. The growth of this market is propelled by the growing adoption of RFID and barcode labels and tags by various industries. APAC is expected to hold the largest size of the RFID and barcode printer market by 2022, and the market in APAC would grow at a high rate during the forecast period.

Zebra Technologies Corporation (US), Honeywell International Inc. (US), Toshiba TEC Corporation (Japan), Sato Holdings Corporation (Japan), TSC Auto ID Technology Co., Ltd. (Taiwan), is some of the leading players in the RFID and barcode printer market. These players have adopted strategies such as product launches and developments, expansions, contracts, agreements, acquisitions, and partnerships to gain a competitive edge in the market.

Zebra Technologies Corporation (US) is a significant player in the RFID and barcode printer market. In 2015, the company has witnessed a significant growth in sales as compare to 2014 due to which the net sales of enterprises segment has increased by 95.3% in 2015. Similarly in 2015, the company has emphasized on the leveraging leadership program and innovation to drive continuous profitable growth in our core business operations. As a result of the same, the company has invested USD 394 million in R&D to foster the innovations. Zebra’s industry-leading portfolio of barcode technologies turns physical activities into digital information. The increase in net sales for North America was primarily due to higher volume of sales related to RFID and barcode printers and location solutions. With the increase in new product launches, there is a high segmental growth and overall revenue increment which would further increase the company’s capabilities for technological innovations.

Honeywell International Inc. (US) is one of the prominent players in the RFID and barcode printer market. The company has an extensive research and development capabilities. It is focusing on research and development activities to gain a competitive advantage. In 2016, the R&D expenditure of the company was USD 2.14 billion, which represents 5.45% of the company’s total revenue. The heavy investment toward R&D helps the company in designing innovative products to match the market needs and explore new opportunities in the market to drive growth and profitability. Being into the business for over a decade, the company has proven itself as a formidable player with respect to barcode solutions and established a strong market across the globe. The company has a wide market presence and also a diversified product portfolio. In 2014, Honeywell International Inc. (US) acquired Datamax-O'Neil, a global manufacturer of stationary and mobile printers which has application in variety of retail, warehouse and distribution, and health care applications. Similarly, Intermec Inc. was acquired by Honeywell in 2012. Honeywell showcases its image and laser-based hardware under the Intermec brand.

The other players involved in the development of RFID and barcode printer include Avery Dennison Corporation (US), Wasp Barcode Technologies (US) , Postek Electronics Co., Ltd. (China), and Dascom Printer (Jiangmen) Co., Ltd.(China)., among others.

Related Reports:

RFID and Barcode Printer Market by Type (Industrial, Desktop, Mobile), Technology (Thermal Transfer, Direct Thermal, Inkjet), Resolution (Below 300 dpi, 301-600), Connectivity, Industry (Manufacturing, Retail, Healthcare) - Global Forecast to 2022

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