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The industrial barcode scanner market size is valued to increase by USD 2.61 billion, at a CAGR of 10.68% from 2023 to 2028. Evolution of Industry 4.0 will drive the industrial barcode scanner market.
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The industrial barcode scanner industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The manufacturing segment is estimated to witness significant growth during the forecast period.
In the manufacturing sector, barcode scanners serve a pivotal role in enhancing operational efficiency and accuracy. These devices facilitate inventory tracking, production progress monitoring, and quality control through the scanning of barcodes on raw materials and finished products. Industrial barcode scanners are engineered for durability, featuring high-speed scanning, depth of field, and read rate capabilities, ensuring seamless integration with various barcode symbologies such as 1D and 2D, including data matrix codes. Advanced features like error correction, image sensor technology, and wireless communication enable real-time data transmission and remote device management. Furthermore, barcode scanners are increasingly integrated with RFID technology, offering enhanced capabilities for asset tracking and supply chain management.
With a focus on user interface design, power consumption, and scan engine performance, these devices cater to diverse manufacturing applications, from healthcare to industrial automation. A recent study reveals that barcode scanning improves manufacturing processes by reducing errors by up to 25%.
The Manufacturing segment was valued at USD 935.30 billion in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 28% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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In North America, the market is experiencing significant growth due to the increasing digitalization of operations in various industries. According to recent estimates, approximately 65% of industries in the region had adopted digitalized processes by the end of 2022. This trend is particularly prominent in inventory management, where barcode scanners have become essential tools for enhancing operational efficiency and reducing costs. The adoption of barcode scanning technology is not limited to manufacturing giants like General Motors Co.
And Ford Motor Co., but also extends to sectors such as warehousing and storage, hospitality, and entertainment. The integration of barcode scanners in these industries is contributing to the market's expansion, with the region projected to witness robust demand for these devices.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The market is experiencing significant growth due to the increasing demand for efficient and accurate data management in various industries. One key trend driving market expansion is the optimization of laser scanner decode algorithms, enabling faster and more reliable scanning of barcodes. Another trend is the integration of high-resolution image sensors, enhancing the ability to read damaged or distorted barcodes. Wireless communication protocol compatibility and industrial-grade power management strategies are essential features for industrial barcode scanners, ensuring seamless integration with supply chain systems and minimizing downtime. Ergonomic design for extended use scanners and data logging and reporting capabilities are also important considerations for businesses seeking to improve operational efficiency. Advanced decode algorithms and data matrix code reading performance improvements are crucial for handling complex barcode formats. Ruggedized scanner enclosure designs and testing, impact resistance, and environmental sealing standards are essential for ensuring durability and reliability in industrial settings. Remote device management and user interface design are also critical factors for industrial barcode scanners, allowing for easy configuration and maintenance. Comparisons between 1D and 2D barcode scanner technologies reveal that 2D scanners offer greater versatility and data capacity, making them ideal for complex supply chain applications. Software integration and RFID integration are increasingly important for industrial barcode scanning systems, providing additional data insights and streamlining workflows. High-speed scanning performance and long-range scanning capabilities are essential for industrial applications where large volumes of data need to be processed quickly and efficiently. Overall, the market is characterized by continuous innovation and improvement, with a focus on enhancing scanning accuracy, reliability, and integration capabilities.
The industrial barcode scanner market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the industrial barcode scanner market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape of Industrial Barcode Scanner Industry
Companies are implementing various strategies, such as strategic alliances, industrial barcode scanner market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
Advantech Co. Ltd. - This company specializes in high-performance barcode scanners, featuring a model capable of decoding high-density 1D barcodes. Ideal for retail, pharmaceutical, and postal industries, this scanner ensures efficient and accurate data capture. Its advanced technology enables reliable reading of complex barcode symbols, enhancing operational productivity.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Industrial Barcode Scanner Market insights. See full methodology.
Market Scope |
|
Report Coverage |
Details |
Page number |
186 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 10.68% |
Market growth 2024-2028 |
USD 2611.7 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
9.38 |
Key countries |
US, China, Germany, Canada, and Japan |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
What is the expected growth of the Industrial Barcode Scanner Market between 2024 and 2028?
USD 2.61 billion, at a CAGR of 10.68%
What segmentation does the market report cover?
The report is segmented by Application (Manufacturing, Transportation and logistics, Retail, Food and beverages, and Others), Product (Mobile computers, Handheld scanners, and Ring scanners), and Geography (North America, APAC, Europe, South America, and Middle East and Africa)
Which regions are analyzed in the report?
North America, APAC, Europe, South America, and Middle East and Africa
What are the key growth drivers and market challenges?
Evolution of Industry 4.0, High purchasing cost of industrial barcode scanners
Who are the major players in the Industrial Barcode Scanner Market?
Advantech Co. Ltd., Bluebird Inc., CipherLab Co. Ltd., Cognex Corp., Datalogic SpA, DENSO Corp., EUROTECH Spa, Generalscan, Honeywell International Inc., Mexxen Technology Inc., Newland Digital Technology Co. Ltd., OMRON Corp., Opticon Sensors Europe BV, Portable Technology Solutions LLC, RIOTEC Co. Ltd., SATO Holdings Corp., Unipro Tech Solutions Pvt. Ltd., Unitech Computer Co. Ltd., ZEBEX INDUSTRIES INC., and Zebra Technologies Corp.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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