Global RFID Readers Market to Reach $13.6 Billion by 2027
Amid the COVID-19 crisis, the global market for RFID Readers estimated at US$6.3 Billion in the year 2020, is projected to reach a revised size of US$13.6 Billion by 2027, growing at a CAGR of 11.5% over the period 2020-2027.
The U.S. Market is Estimated at $1.9 Billion, While China is Forecast to Grow at 11.1% CAGR
The RFID Readers market in the U.S. is estimated at US$1.9 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.4 Billion by the year 2027 trailing a CAGR of 11.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 10.1% and 9.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 8.4% CAGR.We bring years of research experience to this 8th edition of our report. The 108-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.Competitors identified in this market include, among others,
- Alien Technology Corporation
- Applied Wireless IDentifications Group (AWID) Inc.
- CAEN RFID s.r.l.
- Datalogic SpA
- GAO RFID, Inc.
- Honeywell AIDC
- Impinj, Inc.
- Mojix, Inc.
- RF Ideas, Inc.
- ThingMagic, Inc.
- Zebra Technologies Corporation