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Industrial Barcode Scanner Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

  • Published: Jun 2021
  • Pages: 123
  • SKU: IRTNTR41663
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The industrial barcode scanner market share is expected to increase by USD 388.38 million from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 5%.

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 MEA). The industrial barcode scanner market report also offers information on several market vendors, including Advantech Co. Ltd., Datalogic Spa, EUROTECH Spa, Generalscan Electronics Co. Ltd., Honeywell International Inc., Opticon Sensors Europe BV, Shenzhen Alacrity Barcode Technology Co. Ltd., Shenzhen Unique Electronic International Ltd., Unitech Electronics Co Ltd., and Zebra Technologies Corp. among others.

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

Industrial Barcode Scanner Market Size

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

Based on our research output, there has been a neutral 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 high cost of industrial barcode scanners may impede 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

One of the key factors driving the industrial barcode scanner market growth is the evolution of industry 4.0. The evolution of Industry 4.0 is expected to be one of the primary drivers for the global industrial barcode scanner market. 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 Internet of Things (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. 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. With the emergence of Industry 4.0, the market for barcode scanners is expected to witness an accelerated demand during the forecast period. The integration of Industry 4.0 with devices, such as barcode and ring scanners, will continue and improve the efficiency of processes in inventory management.

Key Industrial Barcode Scanner Market Trend

Another key factor driving the industrial barcode scanner market growth is the use of wearables with same functionalities as traditional barcode scanners. Manufacturers are increasingly deploying advanced devices to reduce human errors and increase efficiency. For instance, smart glasses are being used in industrial operations. Companies, such as DHL, have adopted smart glasses and established the same as a new standard in logistics. 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. Similarly, Vuzix M300 smart glasses can be used as barcode scanners. 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

High cost of industrial barcode scanners is one of the key challenges hindering the industrial barcode scanner market growth. The industrial barcode scanner market is in the growth stage, characterized by increased sales and a reduction in the cost per customer. However, the high cost of barcode scanners will hinder their large-scale adoption across industries. It would be a while before these devices reach consumer-friendly price points and are adopted across industries. 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. The high cost of industrial barcode scanners hinders their adoption among industries. In addition, with the adoption of industrial wearables, end-users will be faced with the challenge of quantifying the return on investment (ROI). 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 2021-2025.

Parent Market Analysis

Technavio categorizes the global industrial barcode scanner marketas 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:

  • Advantech Co. Ltd.
  • Datalogic Spa
  • EUROTECH Spa
  • Generalscan Electronics Co. Ltd.
  • Honeywell International Inc.
  • Opticon Sensors Europe BV
  • Shenzhen Alacrity Barcode Technology Co. Ltd.
  • Shenzhen Unique Electronic International Ltd.
  • Unitech Electronics Co Ltd.
  • Zebra Technologies Corp.

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 growth strategies such as spending more on the research and development (R&D) of innovative solutions for industrial applications to compete in the market.

Product Insights and News

  • Advantech Co. Ltd.- The company offers industrial barcode scanner such as Barcode Scanner (70 degree), and Barcode Scanner (20 degree).

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.

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Industrial Barcode Scanner Market?

Industrial Barcode Scanner Market Market segmentation by region

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27% of the market's growth will originate from North America during the forecast period. US is the key market for industrial barcode scanner in North America. Market growth in this region will be faster than the growth of the market in Europe regions.

North America is home to several manufacturing companies, such as General Motors and Ford. The region is expected to witness the increased adoption of industrial barcode scanners for operational activities. The significant investments in the automation of operations, through the integration of digitalized processes, will positively impact the demand for industrial barcode scanners from the region. 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 2020, the industrial barcode scanner market in the region witnessed a decline in growth, owing to the outbreak of COVID-19. For instance, several manufacturing units either halted production temporarily or were operational with a limited number of workers. The demand for industrial barcode scanners is expected to be adversely affected in 2021 due to a decline in the growth of end-user industries in the region. However, with the gradual recovery of the economy through fiscal stimulus packages provided by regional governments for the struggling manufacturing companies and the lifting of lockdowns, the regional industrial barcode scanner market is expected to recover during the forecast period.

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

Industrial Barcode Scanner Market Segmentation

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The industrial barcode scanner market share growth by the mobile computers will be significant during the forecast period. Mobile computers help in enhancing mobility among workers, mainly in logistics applications. The increased adoption of mobile computers is driven by automation and the need to reduce human intervention in industries.

Besides the above-mentioned factors, the post COVID-19 impact has brought forth a slowdown in or fast tracked the demand for the service or product. 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

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5%

Market growth 2021-2025

$ 388.38 million

Market structure

Fragmented

YoY growth (%)

4.26

Regional analysis

North America, Europe, APAC, South America, and MEA

Performing market contribution

North America at 27%

Key consumer countries

US, China, Germany, Japan, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

Advantech Co. Ltd., Datalogic Spa, EUROTECH Spa, Generalscan Electronics Co. Ltd., Honeywell International Inc., Opticon Sensors Europe BV, Shenzhen Alacrity Barcode Technology Co. Ltd., Shenzhen Unique Electronic International Ltd., Unitech Electronics Co Ltd., and Zebra Technologies Corp.

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, Market condition analysis for 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 2021-2025
  • 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 MEA
  • 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

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value Chain Analysis: Electronic Equipment and Instruments

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
    • 3.4 Market outlook: Forecast for 2020 - 2025
      • Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
      • Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)

    4 Five Forces Analysis

    • 4.1 Five forces summary
      • Exhibit 08: Five forces analysis 2020 & 2025
    • 4.2 Bargaining power of buyers
      • Exhibit 09: Bargaining power of buyers
    • 4.3 Bargaining power of suppliers
      • Exhibit 10: Bargaining power of suppliers
    • 4.4 Threat of new entrants
      • Exhibit 11: Threat of new entrants
    • 4.5 Threat of substitutes
      • Exhibit 12: Threat of substitutes
    • 4.6 Threat of rivalry
      • Exhibit 13: Threat of rivalry
    • 4.7 Market condition
      • Exhibit 14: Market condition - Five forces 2020

    5 Market Segmentation by Product

    • 5.1 Market segments
      • Exhibit 15: Product - Market share 2020-2025 (%)
    • 5.2 Comparison by Product
      • Exhibit 16: Comparison by Product
    • 5.3 Mobile computers - Market size and forecast 2020-2025
      • Exhibit 17: Mobile computers - Market size and forecast 2020-2025 ($ million)
      • Exhibit 18: Mobile computers - Year-over-year growth 2020-2025 (%)
    • 5.4 Handheld scanners - Market size and forecast 2020-2025
      • Exhibit 19: Handheld scanners - Market size and forecast 2020-2025 ($ million)
      • Exhibit 20: Handheld scanners - Year-over-year growth 2020-2025 (%)
    • 5.5 Ring scanners - Market size and forecast 2020-2025
      • Exhibit 21: Ring scanners - Market size and forecast 2020-2025 ($ million)
      • Exhibit 22: Ring scanners - Year-over-year growth 2020-2025 (%)
    • 5.6 Market opportunity by Product
      • Exhibit 23: Market opportunity by Product

    6 Customer landscape

    • 6.1 Customer landscape
      • Exhibit 24: Customer landscape

    7 Geographic Landscape

    • 7.1 Geographic segmentation
      • Exhibit 25: Market share by geography 2020-2025 (%)
    • 7.2 Geographic comparison
      • Exhibit 26: Geographic comparison
    • 7.3 North America - Market size and forecast 2020-2025
      • Exhibit 27: North America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 28: North America - Year-over-year growth 2020-2025 (%)
    • 7.4 Europe - Market size and forecast 2020-2025
      • Exhibit 29: Europe - Market size and forecast 2020-2025 ($ million)
      • Exhibit 30: Europe - Year-over-year growth 2020-2025 (%)
    • 7.5 APAC - Market size and forecast 2020-2025
      • Exhibit 31: APAC - Market size and forecast 2020-2025 ($ million)
      • Exhibit 32: APAC - Year-over-year growth 2020-2025 (%)
    • 7.6 South America - Market size and forecast 2020-2025
      • Exhibit 33: South America - Market size and forecast 2020-2025 ($ million)
      • Exhibit 34: South America - Year-over-year growth 2020-2025 (%)
    • 7.7 MEA - Market size and forecast 2020-2025
      • Exhibit 35: MEA - Market size and forecast 2020-2025 ($ million)
      • Exhibit 36: MEA - Year-over-year growth 2020-2025 (%)
    • 7.8 Key leading countries
      • Exhibit 37: Key leading countries
    • 7.9 Market opportunity by geography
      • Exhibit 38: Market opportunity by geography ($ million)

    8 Drivers, Challenges, and Trends

    • 8.1 Market drivers
      • 8.2 Market challenges
        • Exhibit 39: Impact of drivers and challenges
      • 8.3 Market trends

        9 Vendor Landscape

        • 9.1 Overview
          • Exhibit 40: Vendor landscape
        • 9.2 Landscape disruption
          • Exhibit 41: Landscape disruption
          • Exhibit 42: Industry risks

        10 Vendor Analysis

        • 10.1 Vendors covered
          • Exhibit 43: Vendors covered
        • 10.2 Market positioning of vendors
          • Exhibit 44: Market positioning of vendors
        • 10.3 Advantech Co. Ltd.
          • Exhibit 45: Advantech Co. Ltd. - Overview
          • Exhibit 46: Advantech Co. Ltd. - Business segments
          • Exhibit 47: Advantech Co. Ltd. – Key news
          • Exhibit 48: Advantech Co. Ltd. - Key offerings
          • Exhibit 49: Advantech Co. Ltd. - Segment focus
        • 10.4 Datalogic Spa
          • 10.5 EUROTECH Spa
            • Exhibit 55: EUROTECH Spa - Overview
            • Exhibit 56: EUROTECH Spa - Business segments
            • Exhibit 57: EUROTECH Spa – Key news
            • Exhibit 58: EUROTECH Spa - Key offerings
            • Exhibit 59: EUROTECH Spa - Segment focus
          • 10.6 Generalscan Electronics Co. Ltd.
            • Exhibit 60: Generalscan Electronics Co. Ltd. - Overview
            • Exhibit 61: Generalscan Electronics Co. Ltd. - Product and service
            • Exhibit 62: Generalscan Electronics Co. Ltd. - Key offerings
          • 10.7 Honeywell International Inc.
            • Exhibit 63: Honeywell International Inc. - Overview
            • Exhibit 64: Honeywell International Inc. - Business segments
            • Exhibit 65: Honeywell International Inc. – Key news
            • Exhibit 66: Honeywell International Inc. - Key offerings
            • Exhibit 67: Honeywell International Inc. - Segment focus
          • 10.8 Opticon Sensors Europe BV
            • Exhibit 68: Opticon Sensors Europe BV - Overview
            • Exhibit 69: Opticon Sensors Europe BV - Product and service
            • Exhibit 70: Opticon Sensors Europe BV - Key offerings
          • 10.9 Shenzhen Alacrity Barcode Technology Co. Ltd.
            • Exhibit 71: Shenzhen Alacrity Barcode Technology Co. Ltd. - Overview
            • Exhibit 72: Shenzhen Alacrity Barcode Technology Co. Ltd. - Product and service
            • Exhibit 73: Shenzhen Alacrity Barcode Technology Co. Ltd. - Key offerings
          • 10.10 Shenzhen Unique Electronic International Ltd.
            • Exhibit 74: Shenzhen Unique Electronic International Ltd. - Overview
            • Exhibit 75: Shenzhen Unique Electronic International Ltd. - Product and service
            • Exhibit 76: Shenzhen Unique Electronic International Ltd. - Key offerings
          • 10.11 Unitech Electronics Co Ltd.
            • Exhibit 77: Unitech Electronics Co Ltd. - Overview
            • Exhibit 78: Unitech Electronics Co Ltd. - Product and service
            • Exhibit 79: Unitech Electronics Co Ltd. - Key offerings
          • 10.12 Zebra Technologies Corp.
            • Exhibit 80: Zebra Technologies Corp. - Overview
            • Exhibit 81: Zebra Technologies Corp. - Business segments
            • Exhibit 82: Zebra Technologies Corp. – Key news
            • Exhibit 83: Zebra Technologies Corp. - Key offerings
            • Exhibit 84: Zebra Technologies Corp. - Segment focus

          11 Appendix

          • 11.1 Scope of the report
            • 11.2 Currency conversion rates for US$
              • Exhibit 85: Currency conversion rates for US$
            • 11.3 Research methodology
              • Exhibit 86: Research Methodology
              • Exhibit 87: Validation techniques employed for market sizing
              • Exhibit 88: Information sources
            • 11.4 List of abbreviations
              • Exhibit 89: 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
            Interested in this report?
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            Industrial Barcode Scanner Market market growth will increase by $388.38 mn during 2021-2025.
            The industrial barcode scanner market market is expected to grow at a CAGR of 5% during 2021-2025.
            Technavio has segmented the industrial barcode scanner market market by product (Mobile computers, Handheld scanners, and Ring scanners) and geographic (North America, Europe, APAC, South America, North America, Europe, APAC, and South America).
            Advantech Co. Ltd., Datalogic Spa, EUROTECH Spa, Generalscan Electronics Co. Ltd., Honeywell International Inc., Opticon Sensors Europe BV, Shenzhen Unique Electronic International Ltd., Shenzhen Alacrity Barcode Technology Co. Ltd., Unitech Electronics Co Ltd., Zebra Technologies Corp. are a few of the key vendors in the industrial barcode scanner market market.
            North America will register the highest growth rate of 27% among the other regions. Therefore, the industrial barcode scanner market 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 market growth are:
            • evolution of industry 4.0
            • use of wearables with same functionalities as traditional barcode scanners
            The industrial barcode scanner market 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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            • Covid-19 impact and recovery analysis
            • Data on revenue-generating market segments
            • Details on the market shares of various regions
            • Five-force market analysis

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