Global RFID Reader Market to Reach $22.46 Billion by 2026

According to the report published by Allied Market Research, the global RFID reader market generated $8.87 billion in 2018, and is estimated to reach $22.46 billion by 2026, registering a CAGR of 9.8% from 2019 to 2026.

Rise in demand for RFID readers to track inventory & equipment and high sensing capability that operates from greater distance even in harsh environments drive the growth of the global RFID reader market. However, high manufacturing cost hinders the market growth. On the other hand, rise in penetration of RFID sensors in various applications such as retail, healthcare, and education create new opportunities in the coming years.

The demand for RFID readers has increased during the months of coronavirus pandemic in the medical applications such as patient tracking, medical information storage, and patient data validation.

The new installations of the RFID readers have been done in hospitals and corporate offices to avoid the transmission of Covid-19 through door handles, lift buttons, and others.

The demand for RFID readers has increased during the months of coronavirus pandemic in the medical applications such as patient tracking, medical information storage, and patient data validation.
The new installations of the RFID readers have been done in hospitals and corporate offices to avoid the transmission of Covid-19 through door handles, lift buttons, and others.