January 2024 marks the publication of a comprehensive 421-page report on the global RFID Readers Market by Global Industry Analysts, Inc. The market, valued at US$9.6 billion in 2022, is projected to reach US$24.3 billion by 2030, growing at a CAGR of 12.3%. The report covers various market segments, including handheld RFID readers, expected to grow at a 9.6% CAGR and reach US$12.3 billion by the end of the analysis period. Meanwhile, growth in the Fixed segment is estimated at a 15.9% CAGR.
The U.S. market, currently valued at $2.8 billion, is expected to show significant growth, while China, with its robust CAGR of 15.6%, is predicted to reach a market size of US$5.2 billion by 2030. Other notable regions include Japan and Canada, with forecasted growth rates of 9.5% and 11.5%, respectively. Europe, led by Germany, is also expected to see substantial growth.
The report features an extensive list of key players in the RFID Readers Market, including Denso Corporation, Datalogic SpA, Alien Technology, and GAO RFID, Inc., among others. These companies are recognized for their contributions to the market and are expected to drive future growth and innovation.
Global economic trends are also discussed in the report, highlighting the recovery and growth projections for various countries and regions. Despite challenges such as the war in Ukraine, inflation, and regulatory pressures, the report suggests a positive outlook for the RFID Readers Market, fueled by technological advancements like AI, machine learning, and quantum technologies.
The report aims to provide valuable insights into market dynamics, growth factors, competitive landscape, and future trends in the RFID Readers Market. It is designed to assist stakeholders in making informed decisions regarding market strategies and investments.