Global market for RFID Readers estimated at US$9.6 Billion in the year 2022

The global market for RFID Readers estimated at US$9.6 Billion in the year 2022, is projected to reach a revised size of US$24.3 Billion by 2030, growing at a CAGR of 12.3% over the analysis period 2022-2030.

Handheld, one of the segments analyzed in the report, is projected to record 9.6% CAGR and reach US$12.3 Billion by the end of the analysis period. Growth in the Fixed segment is estimated at 15.9% CAGR for the next 8-year period.

The RFID Readers market in the U.S. is estimated at US$2.8 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$5.2 Billion by the year 2030 trailing a CAGR of 15.6% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 9.5% and 11.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 11% CAGR.