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Industrial Barcode Scanner Market by Product and Geography - Forecast and Analysis 2022-2026

  • Published: Aug 2022
  • Pages: 140
  • SKU: IRTNTR41663
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The industrial barcode scanner market share is expected to increase by USD 1.83 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 9.19%.

This industrial barcode scanner market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers industrial barcode scanner market segmentations by product (mobile computers, handheld scanners, and ring scanners) and geography (North America, Europe, APAC, South America, and Middle East and Africa). The industrial barcode scanner market report also offers information on several market vendors, including Barcodes Inc., Bluebird Inc., CipherLab Co. Ltd., Cognex Corp., Datalogic Spa, Denso Corp., EUROTECH Spa, Generalscan, GMO Internet Inc., Honeywell International Inc., Mexxen Technology Inc., OMRON Corp., Opticon Sensors Europe BV, Portable Technology Solutions LLC, RIOTEC Co Ltd., SATO Holdings Corp., Unipro Tech Solutions Pvt. Ltd., Unitech Electronics Co. Ltd., ZEBEX INDUSTRIES Inc., Zebra Technologies Corp., and Advantech Co Ltd among others.

What will the Industrial Barcode Scanner Market Size be During the Forecast Period?

Industrial Barcode Scanner Market Size

Download Report Sample to Unlock the Industrial Barcode Scanner Market Size for the Forecast Period and Other Important Statistics

 

Industrial Barcode Scanner Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The evolution of industry 4.0 is notably driving the industrial barcode scanner market growth, although factors such as the high cost of industrial barcode scanners may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the industrial barcode scanner industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Industrial Barcode Scanner Market Driver

The evolution of industry 4.0 is one of the factors driving the industrial barcode scanner market growth. Barcode scanners are mainly used to improve the productivity and efficiency of workers in an ecosystem. Industry 4.0 represents the fourth industrial revolution in the manufacturing industry. The connected ecosystem using the IoT will be instrumental in helping manufacturers and consumers provide improved communication and monitoring systems and increased automation, along with self-diagnosis and new levels of analysis, for a productive future. Moreover, industry 4.0 is the current transformation of industries characterized by data exchange, automation, cloud, cyber-physical systems, robots, big data, artificial intelligence (AI), and (semi-) autonomous techniques. Thus, with the emergence of industry 4.0, the market for barcode scanners is expected to witness an accelerated demand during the forecast period. 

Key Industrial Barcode Scanner Market Trend

The use of wearables with the same functionalities as traditional barcode scanners is one of the key industrial barcode scanner market trends fueling the market growth. Manufacturers are increasingly deploying advanced devices to reduce human errors and increase efficiency. For instance, smart glasses now come with additional functionalities, such as the barcode and QR code scanning functionality. Vuzix M100 smart glasses can scan QR codes and barcodes. However, the distance between the camera and the barcode poses a challenge. Hence, with camera-based scanning devices, such as smart glasses, it becomes a challenge to ensure that the barcodes are in the line of sight of the device so that they can be decoded by the onboard computer vision algorithm. With improvements in barcode formats, such as linear and laser, smart glasses are likely to replace traditional wearable scanners in the coming years.

Key Industrial Barcode Scanner Market Challenge

The high cost of industrial barcode scanners is one of the factors hampering the industrial barcode scanner market growth. Typically, general-purpose barcode scanners usually cost less than industrial barcode scanners. For instance, Honeywell Voyager XP 1470g offered by Honeywell costs approximately $200 compared with an industrial barcode scanner that costs over $600. In addition, with the adoption of industrial wearables, end-users will be faced with the challenge of quantifying the return on investment (ROI). Thus, the increased cost of implementation and procurement and the high ROI associated with smart, innovative products are expected to hinder the growth of industrial wearable scanners during the forecast period.

This industrial barcode scanner market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the global industrial barcode scanner market as a part of the global electronic equipment and instruments market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the industrial barcode scanner market during the forecast period.

Who are the Major Industrial Barcode Scanner Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Barcodes Inc.
  • Bluebird Inc.
  • CipherLab Co. Ltd.
  • Cognex Corp.
  • Datalogic Spa
  • Denso Corp.
  • EUROTECH Spa
  • Generalscan
  • GMO Internet Inc.
  • Honeywell International Inc.
  • Mexxen Technology Inc.
  • OMRON Corp.
  • Opticon Sensors Europe BV
  • Portable Technology Solutions LLC
  • RIOTEC Co Ltd.
  • SATO Holdings Corp.
  • Unipro Tech Solutions Pvt. Ltd.
  • Unitech Electronics Co. Ltd.
  • ZEBEX INDUSTRIES Inc.
  • Zebra Technologies Corp.
  • Advantech Co Ltd

 

This statistical study of the industrial barcode scanner market encompasses successful business strategies deployed by the key vendors. The industrial barcode scanner market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Advantech Co Ltd - Under the (SIoT) intelligent services segment, the company offers services involving digital logistics, digital healthcare, and intelligent retail. 
  • Advantech Co Ltd - The company offers industrial barcode scanners such as XBCS 1500 LUK C1, XBCS 1661 LBS C1, and XBCS 1661H LBK C1. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The industrial barcode scanner market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Industrial Barcode Scanner Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the industrial barcode scanner market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Industrial Barcode Scanner Market?

Industrial Barcode Scanner Market Share by Geography

For more insights on the market share of various regions Request PDF Sample now!

27% of the market’s growth will originate from North America during the forecast period. The US and Canada are the key markets for the industrial barcode scanner market in North America. Market growth in this region will be faster than the growth of the market in Europe and APAC.

The significant investments in the automation of operations, through the integration of digitalized processes, will facilitate the industrial barcode scanner market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

In 2019, the outbreak of COVID-19 adversely impacted the regional market. However, with the availability of vaccines for COVID-19 in December 2020, the manufacturing industry has been on the path to recovery, with the focus shifting to incorporating automation and IoT into industrial operations. Therefore, the regional industrial barcode scanner market regained its momentum in 2021, which is expected to drive its growth during the forecast period.

What are the Revenue-generating Product Segments in the Industrial Barcode Scanner Market?

Industrial Barcode Scanner Market Share

To gain further insights on the market contribution of various segments Request PDF Sample

The industrial barcode scanner market share growth in the mobile computers segment will be significant during the forecast period. Mobile computers help in supervising the movement of raw materials and finished goods across assembly lines in warehouses. In addition, they enhance efficiency, reduce lag time, and improve productivity. Wrist computers, a type of mobile computer, provide an analytical base for inventory management. Thus, the increase in warehouse management activities in industries will positively impact the mobile computer market in the coming years. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the industrial barcode scanner market size and actionable market insights on post COVID-19 impact on each segment.

 

Industrial Barcode Scanner Market Scope

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 9.19%

Market growth 2022-2026

$ 1.83 billion

Market structure

Fragmented

YoY growth (%)

8.77

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 27%

Key consumer countries

US, Canada, China, Japan, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Barcodes Inc., Bluebird Inc., CipherLab Co. Ltd., Cognex Corp., Datalogic Spa, Denso Corp., EUROTECH Spa, Generalscan, GMO Internet Inc., Honeywell International Inc., Mexxen Technology Inc., OMRON Corp., Opticon Sensors Europe BV, Portable Technology Solutions LLC, RIOTEC Co Ltd., SATO Holdings Corp., Unipro Tech Solutions Pvt. Ltd., Unitech Electronics Co. Ltd., ZEBEX INDUSTRIES Inc., Zebra Technologies Corp., and Advantech Co Ltd

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Industrial Barcode Scanner Market Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive industrial barcode scanner market growth during the next five years
  • Precise estimation of the industrial barcode scanner market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the industrial barcode scanner industry across North America, Europe, APAC, South America, and Middle East and Africa
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of industrial barcode scanner market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Incremental Growth
    • Exhibit 07: Executive Summary – Data Table on Incremental Growth
    • Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 09: Parent market
    • Exhibit 10: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 11: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 12: Market segments
  • 3.3 Market size 2021
    • 3.4 Market outlook: Forecast for 2021-2026
      • Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
      • Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
      • Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
    • 4.2 Bargaining power of buyers
      • Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
    • 4.3 Bargaining power of suppliers
      • Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
    • 4.4 Threat of new entrants
      • Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
    • 4.5 Threat of substitutes
      • Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
    • 4.6 Threat of rivalry
      • Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
    • 4.7 Market condition
      • Exhibit 23: Chart on Market condition - Five forces 2021 and 2026

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 24: Chart on Product - Market share 2021-2026 (%)
      • Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
    • 5.2 Comparison by Product
      • Exhibit 26: Chart on Comparison by Product
      • Exhibit 27: Data Table on Comparison by Product
    • 5.3 Mobile computers - Market size and forecast 2021-2026
      • Exhibit 28: Chart on Mobile computers - Market size and forecast 2021-2026 ($ million)
      • Exhibit 29: Data Table on Mobile computers - Market size and forecast 2021-2026 ($ million)
      • Exhibit 30: Chart on Mobile computers - Year-over-year growth 2021-2026 (%)
      • Exhibit 31: Data Table on Mobile computers - Year-over-year growth 2021-2026 (%)
    • 5.4 Handheld scanners - Market size and forecast 2021-2026
      • Exhibit 32: Chart on Handheld scanners - Market size and forecast 2021-2026 ($ million)
      • Exhibit 33: Data Table on Handheld scanners - Market size and forecast 2021-2026 ($ million)
      • Exhibit 34: Chart on Handheld scanners - Year-over-year growth 2021-2026 (%)
      • Exhibit 35: Data Table on Handheld scanners - Year-over-year growth 2021-2026 (%)
    • 5.5 Ring scanners - Market size and forecast 2021-2026
      • Exhibit 36: Chart on Ring scanners - Market size and forecast 2021-2026 ($ million)
      • Exhibit 37: Data Table on Ring scanners - Market size and forecast 2021-2026 ($ million)
      • Exhibit 38: Chart on Ring scanners - Year-over-year growth 2021-2026 (%)
      • Exhibit 39: Data Table on Ring scanners - Year-over-year growth 2021-2026 (%)
    • 5.6 Market opportunity by Product
      • Exhibit 40: Market opportunity by Product ($ million)

    6 Customer Landscape

    • 6.1 Customer landscape overview
      • Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 42: Chart on Market share by geography 2021-2026 (%)
      • Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
    • 7.2 Geographic comparison
      • Exhibit 44: Chart on Geographic comparison
      • Exhibit 45: Data Table on Geographic comparison
    • 7.3 North America - Market size and forecast 2021-2026
      • Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
      • Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
    • 7.4 Europe - Market size and forecast 2021-2026
      • Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
      • Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
      • Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
    • 7.5 APAC - Market size and forecast 2021-2026
      • Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
      • Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
      • Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
    • 7.6 South America - Market size and forecast 2021-2026
      • Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ million)
      • Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
      • Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
    • 7.7 Middle East and Africa - Market size and forecast 2021-2026
      • Exhibit 62: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 63: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
      • Exhibit 64: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
      • Exhibit 65: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
    • 7.8 US - Market size and forecast 2021-2026
      • Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
      • Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
      • Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
    • 7.9 China - Market size and forecast 2021-2026
      • Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
      • Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
      • Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
    • 7.10 Germany - Market size and forecast 2021-2026
      • Exhibit 74: Chart on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 75: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
      • Exhibit 76: Chart on Germany - Year-over-year growth 2021-2026 (%)
      • Exhibit 77: Data Table on Germany - Year-over-year growth 2021-2026 (%)
    • 7.11 Canada - Market size and forecast 2021-2026
      • Exhibit 78: Chart on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 79: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
      • Exhibit 80: Chart on Canada - Year-over-year growth 2021-2026 (%)
      • Exhibit 81: Data Table on Canada - Year-over-year growth 2021-2026 (%)
    • 7.12 Japan - Market size and forecast 2021-2026
      • Exhibit 82: Chart on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 83: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
      • Exhibit 84: Chart on Japan - Year-over-year growth 2021-2026 (%)
      • Exhibit 85: Data Table on Japan - Year-over-year growth 2021-2026 (%)
    • 7.13 UK - Market size and forecast 2021-2026
      • Exhibit 86: Chart on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 87: Data Table on UK - Market size and forecast 2021-2026 ($ million)
      • Exhibit 88: Chart on UK - Year-over-year growth 2021-2026 (%)
      • Exhibit 89: Data Table on UK - Year-over-year growth 2021-2026 (%)
    • 7.14 Market opportunity by geography
      • Exhibit 90: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • 8.3 Impact of drivers and challenges
          • Exhibit 91: Impact of drivers and challenges in 2021 and 2026
        • 8.4 Market trends

          9 Vendor Landscape

          • 9.1 Overview
            • 9.2 Vendor landscape
              • Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
            • 9.3 Landscape disruption
              • Exhibit 93: Overview on factors of disruption
            • 9.4 Industry risks
              • Exhibit 94: Impact of key risks on business

            10 Vendor Analysis

            • 10.1 Vendors covered
              • Exhibit 95: Vendors covered
            • 10.2 Market positioning of vendors
              • Exhibit 96: Matrix on vendor position and classification
            • 10.3 Advantech Co Ltd
              • Exhibit 97: Advantech Co Ltd - Overview
              • Exhibit 98: Advantech Co Ltd - Business segments
              • Exhibit 99: Advantech Co Ltd - Key offerings
              • Exhibit 100: Advantech Co Ltd - Segment focus
            • 10.4 Bluebird Inc.
              • Exhibit 101: Bluebird Inc. - Overview
              • Exhibit 102: Bluebird Inc. - Product / Service
              • Exhibit 103: Bluebird Inc. - Key offerings
            • 10.5 Cognex Corp.
              • Exhibit 104: Cognex Corp. - Overview
              • Exhibit 105: Cognex Corp. - Product / Service
              • Exhibit 106: Cognex Corp. - Key offerings
            • 10.6 Datalogic Spa
              • Exhibit 107: Datalogic Spa - Overview
              • Exhibit 108: Datalogic Spa - Business segments
              • Exhibit 109: Datalogic Spa - Key news
              • Exhibit 110: Datalogic Spa - Key offerings
              • Exhibit 111: Datalogic Spa - Segment focus
            • 10.7 Denso Corp.
              • Exhibit 112: Denso Corp. - Overview
              • Exhibit 113: Denso Corp. - Business segments
              • Exhibit 114: Denso Corp. - Key news
              • Exhibit 115: Denso Corp. - Key offerings
              • Exhibit 116: Denso Corp. - Segment focus
            • 10.8 EUROTECH Spa
              • Exhibit 117: EUROTECH Spa - Overview
              • Exhibit 118: EUROTECH Spa - Business segments
              • Exhibit 119: EUROTECH Spa - Key offerings
              • Exhibit 120: EUROTECH Spa - Segment focus
            • 10.9 Generalscan
              • Exhibit 121: Generalscan - Overview
              • Exhibit 122: Generalscan - Product / Service
              • Exhibit 123: Generalscan - Key offerings
            • 10.10 Honeywell International Inc.
              • Exhibit 124: Honeywell International Inc. - Overview
              • Exhibit 125: Honeywell International Inc. - Business segments
              • Exhibit 126: Honeywell International Inc. - Key news
              • Exhibit 127: Honeywell International Inc. - Key offerings
              • Exhibit 128: Honeywell International Inc. - Segment focus
            • 10.11 Unitech Electronics Co. Ltd.
              • Exhibit 129: Unitech Electronics Co. Ltd. - Overview
              • Exhibit 130: Unitech Electronics Co. Ltd. - Product / Service
              • Exhibit 131: Unitech Electronics Co. Ltd. - Key offerings
            • 10.12 Zebra Technologies Corp.
              • Exhibit 132: Zebra Technologies Corp. - Overview
              • Exhibit 133: Zebra Technologies Corp. - Business segments
              • Exhibit 134: Zebra Technologies Corp. - Key news
              • Exhibit 135: Zebra Technologies Corp. - Key offerings
              • Exhibit 136: Zebra Technologies Corp. - Segment focus

            11 Appendix

            • 11.1 Scope of the report
              • 11.2 Inclusions and exclusions checklist
                • Exhibit 137: Inclusions checklist
                • Exhibit 138: Exclusions checklist
              • 11.3 Currency conversion rates for US$
                • Exhibit 139: Currency conversion rates for US$
              • 11.4 Research methodology
                • Exhibit 140: Research methodology
                • Exhibit 141: Validation techniques employed for market sizing
                • Exhibit 142: Information sources
              • 11.5 List of abbreviations
                • Exhibit 143: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Industrial Barcode Scanner market growth will increase by $1839.23 million during 2022-2026.
              The industrial barcode scanner market is expected to grow at a CAGR of 9.19% during 2022-2026.
              Technavio has segmented the industrial barcode scanner market by product (Mobile computers, Handheld scanners, and Ring scanners) and geographic (North America, Europe, APAC, South America, Middle East and Africa, North America, Europe, APAC, and South America).
              Barcodes Inc., Bluebird Inc., CipherLab Co. Ltd., Cognex Corp., Datalogic Spa, Denso Corp., EUROTECH Spa, Generalscan, GMO Internet Inc., Honeywell International Inc., Mexxen Technology Inc., OMRON Corp., Opticon Sensors Europe BV, Portable Technology Solutions LLC, RIOTEC Co Ltd., SATO Holdings Corp., Unipro Tech Solutions Pvt. Ltd., Unitech Electronics Co. Ltd., ZEBEX INDUSTRIES Inc., Zebra Technologies Corp., Advantech Co Ltd are a few of the key vendors in the industrial barcode scanner market.
              North America will register the highest growth rate of 27.04% among the other regions. Therefore, the industrial barcode scanner market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the industrial barcode scanner market growth are:
              • Evolution of Industry 4.0
              • Use of wearables with the same functionalities as traditional barcode scanners
              The industrial barcode scanner market vendors should focus on grabbing business opportunities from the mobile computers segment as it accounted for the largest market share in the base year.
              • What are the key global market and the regional market share?
              • What are the revenue-generating key market segments?
              • What are the key factors driving and challenging this market’s growth?
              • Who are the key market vendors and their growth strategies?
              • What are the latest trends influencing the growth of this market?
              • What are the variables influencing the market growth in the primary regions?
              • What are the factors influencing the growth of the parent market?
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