Global Barcode Scanner Market 2017-2021

The infographic below contains key findings from our analysis of the barcode scanner market   

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Overview of the global barcode scanner market

The global barcode scanner market report predicts the market to grow steadily at a CAGR of above 4% by 2021. The rise in the adoption of 2D barcodes is one of the key global barcode scanner market drivers. The introduction of 2D barcodes has revolutionized the global barcode scanner market significantly. 2D barcodes, such as QR, Data Matrix, and Portable Data File (PDF)417, are being increasingly adopted across various industries, such as the retail. Among all the available 2D barcodes the QR bar code is the most popular. This is primarily due to its ability to be scanned even by mobile devices such as smartphones and tablets. Also, QR codes can be read easily because of their ability to hold information both horizontally and vertically. Moreover, they capacity to contain ten times more information than a 1D barcode will increase the market penetration of the 2D barcodes, this, in turn, will propel the growth of the barcode scanner market during the forecast period.

In terms of geography, the Americas accounted for the maximum barcode scanner market share during 2016 and will continue to dominate the market for the next few years. The dominance of the barcode reader in the Americas can be attributed to the early adoption of the automatic data capture devices. Also, the presence of numerous retail chains that have stores in the region will also contribute to the barcode scanner market in the region during the next four years.

Competitive landscape and key vendors

The global barcode scanner market is highly fragmented due to the presence of numerous small and large vendors. In an attempt to gain a competitive edge, vendors are investing heavily in the development of technology or are looking to consolidate their market position by acquiring the smaller player in the market. For instance, in 2012, Honeywell International acquired Intermec. This acquisition was primarily made to survive the intensifying competitive environment.

According to the global barcode scanner market analysis, the leading vendors in the market are –

• Honeywell International
• Zebra Technologies
• Datalogic

Other prominent vendors in the barcode scanner market include Aceeca, Bluebird, CIPHERLAB, DENSO, EUROTECH, Generalscan, Handheld Group, Juniper Systems, NCR, Opticon, RIOTEC, Shenzhen Unique Electronic International (SUEI), TouchStar Technologies, and ZEBEX Industries.

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Segmentation by type and analysis of the barcode scanner market

• Rugged barcode scanner
• Non-rugged barcode scanner

During 2016, the non-rugged barcode scanner segment dominated the barcode scanner market and accounted for a major part of the overall market share. The exponentially increasing retail outlets across the globe are the key reason for the dominance of this segment in the global market.

Segmentation by product and analysis of the barcode scanner market

• POS retail barcode scanner
• Self-checkout barcode scanner
• Handheld barcode scanner
• Mobile computers

In this barcode scanner market research, analysts have estimated the mobile computers segment to dominate the barcode scanner market during the forecast period. This dominance in the global market can be attributed to the capability of mobile computers to empower any business with great efficiency and increased productivity. It can drastically increase the speed, accuracy, and the number of tasks performed each day.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global barcode scanner market?
• What are the key market trends impacting the growth of the global barcode scanner market?
• What are the challenges to market growth?
• Who are the key vendors in the global barcode scanner market?
• What are the market opportunities and threats faced by the vendors in the global barcode scanner market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global barcode scanner market?

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