Analysis on Impact of COVID-19: RFID printer market 2020-2024 | Increasing Number Of RFID Applications to boost the Market Growth | Technavio
Technavio has been monitoring the RFID printer market and it is poised to grow by USD 456.26 mn during 2020-2024, progressing at a CAGR of almost 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Technavio has announced its latest market research report titled Global RFID Printer Market 2020-2024 (Graphic: Business Wire)
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio's in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
The market is concentrated, and the degree of concentration will accelerate during the forecast period. Avery Dennison Inc., Honeywell (News - Alert) International Inc., KYOCERA Corp., Oki Electric Industry Co. Ltd., Primera Technology Inc., Ricoh Co. Ltd., Seiko Epson Corp., Sony Corp., Toshiba International Corp., and Zebra Technologies (News - Alert) Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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An increasing number of RFID applications has been instrumental in driving the growth of the market.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
RFID printer market 2020-2024: Segmentation
RFID printer market is segmented as below:
RFID printer market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The RFID printer market report covers the following areas:
This study identifies the integration of RFID technology in the IoT landscape as one of the prime reasons driving the RFID printer market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio's in-depth research has direct and indirect COVID-19 impacted market research reports.
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RFID printer market 2020-2024: Key Highlights
Table of Contents:
Five Forces Analysis
Market Segmentation by End-user
Drivers, Challenges, and Trends
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