Global Industrial Automatic Data Capturing and Identification Systems Market 2017-2021

The infographic below contains key findings from our analysis of the industrial automatic data capturing and identification systems market   

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Overview of the global industrial automatic data capturing and identification systems market

Technavio’s market research report predicts that the global industrial automatic data capturing and identification systems market will grow at a CAGR of nearly 6% during the forecast period. The rising adoption of camera-based sensors is one of the primary drivers for market growth. Camera-based scanners have improved from being just a barcode data capture device to a smart device that can be utilized for applications such as quality assurance, real-time operational monitoring, and capturing an image for analysis. These advanced camera-based sensors can also be used to read damaged barcodes that are difficult to identify by other barcode scanners. Industries like food and beverage and pharmaceuticals, have already switched to camera-based imagers. Additionally, heavy machinery and parts and components manufacturing industries have also adopted these sensors for reading the embossed part numbers on machines and components automatically.

In terms of geography, EMEA dominated the Industrial automatic data capture and identification systems market during 2016 and is anticipated to continue its dominance during the forecast period as well. The growth of the key end-user industries such as automotive, metal fabrication, and electronics sectors will be the major factor driving the market’s growth in this region.

Competitive analysis and key vendors

Consisting of a large number of vendors, the industrial automatic data capturing and identification systems market appears to be fragmented. Fast changing technologies largely influence the market and the vendors should invest heavily in R&D activities to survive in this competitive environment. To increase their revenue shares, vendors usually focus on following strategies such as M&As.

Key vendors in the market are:

• Cognex
• Datalogic
• KEYENCE
• OMRON
• SICK

Other prominent vendors include Banner Engineering, IPG Photonics, ifm, Leuze electronic, Honeywell International, Zebra Technologies, DENSO, and CASIO COMPUTER.

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Segmentation by product and analysis of the industrial automatic data capturing and identification systems market

• Sensor and Safety
• Machine Vision
• Laser marking 
• Integration systems
• Identification solutions

During 2016, the sensor and safety segment dominated the industrial automatic identification and data capture market and is expected to continue its dominance over the next four years. The increased usage of a wide range of sensors such as photoelectric, inductive, temperature controller, and measurement ultrasonic sensors for various applications will drive the growth of this market segment.

Segmentation by end-user and analysis of the industrial automatic data capturing and identification systems market

• Industrial
• Logistics

As per this market research report, the industrial end-user segment accounted for the majority of the market shares of the industrial automatic data capture and identification systems market during 2016 and is predicted to continue its domination during the forecast period as well. The need for productivity, efficiency, and precision in the manufacturing process propels the segment’s growth. Countries such as India, Indonesia, China, Japan, Mexico, Germany, and Italy will be the major contributors to the growth of this market segment.   

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Key questions answered in the report include

• What will the industrial automatic data capturing and identification systems market size and growth rate be in 2021?
• What are the key factors driving the industrial automatic data capturing and identification systems market?
• What are the key market trends impacting the growth of the global industrial automatic data capturing and identification systems market?
• What are the challenges to market growth?
• Who are the key vendors in the global industrial automatic data capturing and identification systems market?
• What are the market opportunities and threats faced by the vendors in the global industrial automatic data capturing and identification systems 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 industrial automatic data capturing and identification systems market?

Technavio also offers customization on reports based on specific client requirement.

Automatic data capture refers to the collection of data using automated data capture equipment like barcode readers, scanners, magnetic strip readers with the help of radio-frequency identification (RFID) technology. Manual typing or punching of data is not required in automatic data capture equipment. Technavio’s profound reports for the industrial automation include a range of product markets consisting of automation and robotics. Besides providing information on various parameters, such as the changes in consumer behavior and the factors that flourish and curb the growth of vendors in the industrial automation sector, Technavio’s reports also offer a substantial competitive study of the prominent vendors in the industrial automation market space.

Market research experts at Technavio follow a comprehensive research approach of primary and secondary methods and perform an extensive study of various aspects, such as technological advancement and the demand and supply shifts for markets in different geographical locations globally to accurately predict the industry’s growth prospects. With an intention to enable clients design new strategies for development, our upcoming industry research report on the global industrial automatic data capturing and identification systems market for the forecast period of 2017-2021 provide insights derived from dependable sources of market intelligence such as manufacturers, channel partners, regulatory bodies, and decision makers.

This upcoming report on the global Industrial automatic data capturing and identification systems market also considers the growth of the related markets such as industrial wireless sensors and industrial safety sensors, which are expected to grow at a CAGR of above 11% and more than 3%, respectively by the year 2021. Increasing need for accuracy in data computation is one of the key factors influencing the growth of automatic data capture and identification systems. However, the high primary investment essential to implement scanner and radio-frequency identification devices could be a challenge to the growth of the industrial automatic data capturing and identification systems market. Technavio also makes tailored reports based on clients’ specifications to aid global players to improve their presence in the industrial automation sector.

This upcoming industry research report on the global industrial automatic data capturing and identification systems market also identifies important market drivers, emerging trends, and the challenges currently experienced by the industrial automation sector.