2D Barcode Reader Market Size, Share, Growth Analysis, By Product Type(Fixed, Handheld), By Application(Warehousing, Logistics), By Region - Industry Forecast 2024-2031

Q: What is the global market size of 2D Barcode Reader Market?

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).

Report ID: SQMIG45M2014 | Region: Global | Published Date: April, 2024
Pages: 197 | Tables: 61 | Figures: 73

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.

2D Barcode Reader Market Report Snapshots

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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 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. '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)'

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.

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.

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2D Barcode Reader Market Size, Share, Growth Analysis, By Product Type(Fixed, Handheld), By Application(Warehousing, Logistics), By Region - Industry Forecast 2024-2031

2D Barcode Reader Market Regional Insights

2D Barcode Reader Market Report Snapshots

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