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Weir Oil & Gas intros RFID fleet-maintenance system, mobile app ••• SmartMetric, Grupo Datco sign dealership agreement for RFID security cards ••• Global Market Insights says IoT health-care market will surpass $10 billion by 2024 ••• Future Market Insights predicts RFID printer market will expand in coming years ••• IBM, Cisco collaborate on intelligent IoT platform ••• STMicroelectronics, Jorjin offer Sigfox IoT modules with dual RF connectivity ••• Penske Corp., Hitachi partner to improve vehicle performance via IoT.
By Rich Handley

Future Market Insights Predicts RFID Printer Market Will Expand in Coming Years

RFID labels are being widely used, especially in the retail sector, according to a new report from Future Market Insights. This growth is a result of an increase in the rate of adoption of RFID printing technology.

The global market for RFID printers is expected to prosper in the next few years, the report indicates, with a rise in dependency for various end-use sectors. The report is titled "RFID Printers Market: Global Market Analysis (2013-2017) and Opportunity Assessment (2018-2028)."

The global RFID printer market is expected to rise at a robust rate, the firm reports, due to a growing dependency on RFID tags. An increasing demand for the adoption of RFID tags has been witnessed across several industries, such as in banking and health care, for tracking finances and products. According to the research, the retail industry is expected to hold a maximum value share in the global RFID market and is expected to proliferate during the coming years. The market is anticipated to have better prospects and grow at a higher rate in China, compared to other regions around the world.

The rising adoption of RFID printing and advancements in printed electronics is helping RFID developers to create thin and flexible tags. These can be integrated with printed sensors, thin-film photovoltaic solar cells and other technologies. Moreover, the rising usage of electronic printing and ink technologies is aiding RFID vendors in printing their own chip-less RFID tags on site. Several players in the global market are working on 3D printing technologies for enterprises to directly print RFID tags on or in products.

The advent of technology will reportedly result in the introduction of RFID laser printing in the near future. Companies have been focusing on offering cost-effective solutions via RFID printers; more such efforts have been resulting in the introduction of RFID laser printing to offer an enhanced print output to end users. Besides quality, the technology boosts printing speed, increases product life, and lowers the printer's overall operational and maintenance cost.

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