With the help of special RFID printers, the adoption rate of RFID printing technology has increased. The global market for RFID printers is expected to boom in the next few years as end-use sectors become more reliant on RFID tags.
The growing popularity of RFID printing technology and advances in printed electronics technology are helping RFID developers create thinner, more flexible RFID tags. These tags can be integrated with print sensors, thin film photovoltaic solar cells and other technologies. In addition, the continuous use of electronic printing and ink technology is helping RFID suppliers print their own chipless RFID tags on site as required. Several key players in the global market are working on 3D printing technology to print RFID tags directly on products/products.
In addition, it is reported that the emergence of technology will lead to the introduction of RFID laser printing technology in the near future. The company has been focused on providing enhanced, cost-effective solutions through RFID printers; moreover, more such efforts have led to the adoption of RFID laser printing technology that ultimately provides end users with enhanced print output. In addition to quality, this technology can also increase printer printing speed, increase product life, and reduce the overall operating and maintenance costs of RFID printers.
The global RFID printer market is expected to grow at a strong rate due to clear indications of growing reliance on the RFID tag industry. Many industries, such as banking and healthcare, increasingly need RFID tags to track finances and products. Increasing the demand for RFID tags with the accompanying benefits, such as the relatively low cost, because it does not have silicon and does not require any maintenance, application cards and passports in the banking industry, and so on.
According to market research by the International Monetary Fund (FMI), the retail industry is expected to have the largest share of value in the global RFID market and is expected to proliferate in the next few years, witnessing a 9.0% index CAGR during the forecast period. Compared with other parts of the world, the Chinese market is expected to have better growth prospects and higher growth rates.