USD 7.32 billion
2D Barcode Reader Market Size, Share, Growth Analysis, By Product Type(Fixed, Handheld), By Application(Warehousing, Logistics), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45M2014 |
Region:
Global |
Published Date: April, 2024
Pages:
197
|Tables:
61
|Figures:
73
2D Barcode Reader Market Insights
Global 2D Barcode Reader Market size was valued at USD 7.32 billion in 2022 and is poised to grow from USD 7.94 billion in 2023 to USD 15.25 billion by 2031, growing at a CAGR of 8.5% in the forecast period (2024-2031).
The global 2D barcode reader market has proven extremely good increase in latest years, driven through growing call for throughout diverse industries for green and dependable data capture solutions. This technology has found vast adoption in sectors like retail, logistics, and healthcare, in which accurate inventory control and traceability are paramount.
Moreover, improvements in barcode reader generation, such as improved scanning skills and integration with different systems, have contributed to its expanding programs. Additionally, a developing emphasis on supply chain optimization and the want for more suitable security features have in addition propelled the marketplace's upward trajectory. With non-stop innovations and increasing end-consumer industries, the 2D barcode reader marketplace is poised to hold its momentum inside the foreseeable future.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Warehousing
Fastest Growth
Warehousing
Growth Rate
8.5% CAGR
Global 2D Barcode Reader market ($ Bn)
Country Share for NORTH AMERICA Region (%)
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2D Barcode Reader Market Segmental Analysis
The worldwide 2D barcode reader market is segmented on the premise of product type, software, and place. Based on product type the market is segmented as Fixed, and Handheld. On the basis of application the marketplace is segmented as Warehousing, and Logistics. Based on location, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by using Product Type
Handheld 2D barcode readers presently dominate the marketplace because of their versatility and mobility. They are broadly utilized in retail, logistics, and healthcare for his or her ease of use and adaptability to diverse programs. Their ergonomic layout and portability lead them to a famous choice amongst quit-customers.
However, Fixed 2D barcode readers are experiencing the quickest boom inside the marketplace, broadly speaking driven by using automation and Industry four.0 tendencies. Industries such as production and warehouse management are more and more adopting constant readers for their capability to offer continuous, palms-unfastened scanning. The demand for automation and the need for actual-time statistics integration are propelling the boom of fixed barcode reader installations throughout diverse sectors.
Analysis by Application
Warehousing stands as the dominating application in the 2D barcode reader market. This is attributed to the critical role that barcode technology plays in inventory management and tracking within warehouse environments. It enables real-time visibility and accuracy in stock levels, facilitating streamlined operations and reducing instances of errors or discrepancies.
Moreover, Logistics is the fastest-growing application segment within the 2D barcode reader market. The surge is primarily fueled by the rising complexities in global supply chains and the increasing need for precise and efficient tracking of goods during transit. 2D barcode readers provide a reliable solution for these challenges, enhancing overall operational efficiency and ensuring timely and accurate delivery.
Global 2D Barcode Reader market by Application
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2D Barcode Reader Market Regional Insights
North America currently stands because the dominating region inside the international 2D barcode reader market. This is on the whole attributed to the large adoption of superior era throughout industries, particularly within the United States and Canada. The mature market infrastructure, coupled with a robust presence of key enterprise gamers and a tech-savvy client base, has contributed to North America's distinguished function on this sector.
However, the Asia Pacific emerges because the fastest-growing vicinity in the international 2D barcode reader marketplace. This surge is fueled via a combination of factors, which include a burgeoning e-trade region, strong industrialization, and increasing emphasis on deliver chain efficiency in international locations like China, India, and Japan. Additionally, rising disposable incomes and a growing retail quarter are using the demand for superior facts seize answers, propelling Asia Pacific to the forefront of market enlargement.
Global 2D Barcode Reader market by Region
- Largest
- Fastest
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2D Barcode Reader Market Dynamics
Drivers
E-trade Boom Fuels Market Growth
- With the increasing preference for on line shopping, there may be a heightened want for efficient inventory control and order processing. 2D barcode readers play a pivotal function in this state of affairs, providing brief and correct records capture, thereby improving the overall operational efficiency of e-trade businesses.
Restraints
Integration Challenges and Compatibility Issues
- A outstanding restraint within the 2D barcode reader market lies within the complexities related to integration into existing structures. Ensuring seamless compatibility with various software platforms and legacy hardware can pose demanding situations for groups seeking to undertake this technology. This can also cause implementation delays and further fees, that may act as a deterrent for some organisations seeking to undertake 2D barcode reader solutions.
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2D Barcode Reader Market Competitive Landscape
The aggressive panorama of the worldwide 2D barcode reader marketplace is characterised by a diverse array of groups vying for market share. These entities variety from installed industry leaders to modern startups, each bringing unique strengths and services to the market. The competition is fierce, driven by a constant push for technological advancements and the improvement of greater state-of-the-art scanning solutions.
Additionally, strategic collaborations, partnerships, and mergers and acquisitions play a pivotal role in shaping the aggressive dynamics, as agencies are seeking for to expand their product portfolios and increase their market reach. Customer-centric strategies, coupled with a focal point on customization and after-income help, are getting key differentiators on this aggressive area, as corporations try to satisfy the numerous desires in their customers.
Top Player’s Company Profiles
- Casio Computer Co., Ltd. (Japan)
- Cognex Corp. (US)
- Datalogic S.p.A. (Italy)
- Denso Wave Inc. (Japan)
- General Data Company, Inc. (US)
- Honeywell International, Inc. (US)
- JADAK - A Novanta Company (US)
- Juniper Systems Inc. (US)
- Keyence Corp. (Japan)
- Marson Technology Co., Ltd. (Taiwan)
- Omron Microscan Systems, Inc. (US)
- Sato Holdings Corp. (Japan)
- Scandit (Switzerland)
- SICK AG (Germany)
- Unitech Electronics Co., Ltd. (Taiwan)
- Wasp Barcode Technologies (US)
- Zebex Industries Inc. (Taiwan)
- Zebra Technologies Corp. (US)
Recent Developments
- In February 2024, Bitly, a global software-as-a-service company, unveiled its automated application programming interface (API) solution for 2D barcodes, revolutionising how companies manage product data and consumer engagement.
- In December 2023, leading automation solution provider, Omron Automation, launched its latest innovation for barcode reading technology for manufacturers in a variety of industries such as automotive, aerospace, life sciences, and logistics. This advanced barcode reader sets a new standard in reading all types of barcodes, including small labels and direct part marks on difficult surfaces.
- In October 2023, Cognex Corporation launched the DataMan 380 series of fixed-mount, image-based barcode readers. The DataMan 380 barcode readers are equipped with a CMOS sensor and have up to 5320 x 3032, 16.13 MPixel resolution. Shutter speeds range from 15 μs (minimum exposure) to 200 ms (maximum exposure).
2D Barcode Reader Key Market Trends
- Rise of Mobile-Based 2D Barcode Scanning : With the proliferation of smartphones ready with extremely good cameras and the provision of user-pleasant barcode scanning apps, agencies and purchasers alike are leveraging cellular devices for barcode scanning purposes. This fashion gives comfort and accessibility, enabling customers to effortlessly decode 2D barcodes for various packages, inclusive of cell payments, ticketing, and stock management, without the want for dedicated barcode scanners.It also opens up new possibilities for contactless transactions and enhances the overall user experience.
2D Barcode Reader Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to global 2D barcode reader market analysis, the as witnessed robust growth in recent years, driven by increasing demands for efficient data capture and inventory management across various industries. With the upward push of e-trade, logistics optimization, and the need for enhanced security measures, the market has experienced a surge in call for for superior barcode scanning solutions.
North America, especially the US, currently leads the marketplace due to its mature technological infrastructure and enormous adoption of advanced era. However, the Asia Pacific vicinity, pushed by using nations like China and India, is rising because the quickest-developing market, propelled by way of a booming e-commerce region and a focal point on deliver chain efficiency.
Looking in advance, the marketplace is poised for continued expansion. One of the important thing drivers may be the mixing of synthetic intelligence (AI) and device studying (ML) algorithms into 2D barcode readers, allowing them to now not handiest seize facts however additionally examine and interpret it in real-time. This will enhance the competencies of those gadgets in areas like predictive protection, fine control, and advanced analytics.
Moreover, the ongoing advancements in cell-primarily based scanning solutions are anticipated to reshape the marketplace panorama, offering a more on hand and person-pleasant method to barcode analyzing.
Additionally, the marketplace is possibly to witness increased adoption in emerging economies as groups in those areas understand the blessings of green records capture in driving operational efficiencies. Furthermore, environmental sustainability worries are predicted to pressure innovation in green barcode materials and reader technologies.
Overall, the 2D barcode reader market is on a trajectory of sustained increase, propelled with the aid of technological innovation, expanding applications, and a global emphasis on efficiency and protection in records control.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 7.32 billion |
| Market size value in 2031 | USD 15.25 billion |
| Growth Rate | 8.5% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on 2D Barcode Reader Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on 2D Barcode Reader Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the 2D Barcode Reader Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the 2D Barcode Reader Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the 2D Barcode Reader Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the 2D Barcode Reader Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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