RFID Printer Market Predicted to Grow at a 5.65% CAGR by 2027

According to a comprehensive research report by Market Research Future (MRFR), the Global RFID Printer Market is predicted to grow at a 5.65% CAGR in the forecast period (2020- 2027).

The growing demand for RFID printer from the healthcare sector for proper management of records and documents regarding patient will boost market growth over the forecast period.

However, the RFID printer market is fragmented and also competitive for the different international and domestic key players. These players have incorporated innovative strategies to remain at the vanguard and also suffice the burgeoning demand of the customers.

By price range, the USD 2,001-USD 4,000 segment will lead the market over the forecast period.

By printing technology, the thermal transfer segment will dominate the market over the forecast period. Thermal transfer is a digital printing technique where the ink material is applied to the tag by melting a portion of the ribbon.

By frequency, the high frequency (HF) segment will spearhead the market over the forecast period.

By application, the manufacturing segment will have the lions share in the market over the forecast period. Manufacturing facilities utilize RFID printers for marking serial numbers, date, time, tags, and QR codes on cases.