1. Technology complexity:
RFID readers involve sophisticated radio frequency technology, which requires specialized components and design.
2. Research and development costs:
Continuous improvement of RFID technology requires significant investment in R&D.
3. Manufacturing processes:
Precision manufacturing and quality control contribute to higher production costs.
4. Limited market size:
The RFID market is relatively niche, which means lower production volumes and higher per-unit costs.
5. Performance requirements:
RFID readers need to be reliable, accurate, and able to operate in various environments.
6. Integration capabilities:
Many readers are designed to integrate with existing systems, adding to their complexity and cost.
7. Security features:
RFID systems often handle sensitive data, requiring advanced security measures.
8. Durability:
Industrial-grade readers are built to withstand harsh conditions, increasing material costs.
9. Intellectual property:
Patents and licensing fees can add to the overall cost.
10. Customization:
Some RFID readers are tailored for specific applications, increasing development costs.
