USD 47.95 billion
Automatic Identification And Data Capture Market Size, Share, Growth Analysis, By Product(Smart cards (Contact-Based Smart Cards, Contactless Smart Cards), RFID Systems (RFID Scanners, RFID Tags), By Offering(Hardware, Software, Services), By Vertical(Manufacturing (Smartphone Manufacturers, Automobile Manufacturers, Food & Beverage Companies), Retail (Warehousing and Distribution Centers), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG45E2175 |
Region:
Global |
Published Date: October, 2024
Pages:
220
|Tables:
125
|Figures:
77
Automatic Identification And Data Capture Market Insights
Automatic Identification And Data Capture Market size was valued at USD 60.8 Billion in 2023 and is poised to grow from USD 69.86 Billion in 2024 to USD 212.22 Billion by 2032, growing at a CAGR of 14.9% during the forecast period (2025-2032).
Globally, enterprises are undertaking significant investments in technological innovations that can ensure improved response times to address customer requirements effectively and enhance product and service quality. Biometrics solutions growing importance and use present a significant growth avenue for this market. Automatic identification and data capture (AIDC) is a technique that scans, identifies, captures, analyses, records, and stores data from an individual, video, picture, or audio without the need for manual entry. Transport and logistics, chemical, pharmaceutical, food and beverage, automotive, consumer products, retail and warehousing, and distribution are among the industrial applications supported by AIDC.
The rapidly increasing e-commerce sector globally, increasing use of smartphones for QR code scanning and image recognition; rising adoption of AIDC solutions due to their ability to minimize queuing and transaction time and provide greater convenience to users in making small-value payments; and rising adoption of AIDC solutions by banking and financial institutions to ensure customer safety and security, as well as data privacy, are major factors driving the global automatic identification and data capture market growth.
Other factors expected to contribute to revenue growth in the automatic identification and data capture market include increased use of barcodes in supermarkets and hypermarkets, advancements in radiofrequency identification technology, advancements in advanced biometric technology, and rapid developments in voice recognition. Automatic identification and data capture enable businesses to function more efficiently and obtain a competitive advantage over competitors by delivering correct data and methodically producing backups of the data to assist prevent the loss of critical data. This has resulted in the increasing acceptance of AIDC technology across a variety of end-use sectors, including retail, government, manufacturing, medicine, healthcare, and distribution, among others, and is expected to drive market growth throughout the forecast period.
US Automatic Identification And Data Capture Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024–2031
Global Market Size
Largest Segment
Hardware
Fastest Growth
Services
Growth Rate
11.7% CAGR
Global Automatic Identification and Data Capture Market ($ Bn)
Country Share for North America Region (%)
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Automatic Identification And Data Capture Market Segmental Analysis
Global Automatic Identification and Data Capture Market is segmented by Product, Offering, Vertical, and region. Based on Product, the market is segmented into Smart cards (Contact-Based Smart Cards, Contactless Smart Cards), Rfid Systems (Rfid Scanners, Rfid Tags, Rfid Printers), Barcoding Solutions (Barcode Scanners, Barcode Printers, Laser Scanners (Short-Range Laser Scanners, Long-Range Laser Scanners(CMM Based, Arm Based, Single Point, Handheld Terminal)), Biometric Systems (Face Recognition Systems, Iris Recognition Systems, Voice Recognition Systems), Magnetic Stripe Cards, Optical Character Recognition (OCR) Systems, Voice-Directed WMS, Heads-Up Displays, Wearables, VR Solutions, And Google Glass. Based On Offering, The Market is Segmented into Hardware, Software, And Services. Based On Vertical The Market is Segmented Into Manufacturing (Smartphone Manufacturers, Automobile Manufacturers, Food & Beverage Companies), Retail (Warehousing and Distribution Centers, Supermarkets, Home Improvement Stores, Department Stores, Apparel-Footwear-Accessories, E-Commerce Companies), Transportation & Logistics, (Public Transport, Courier And Postal Services , Freight Forwarding, Last-Mile Delivery, Same-Day Delivery , Enterprise Field Services (Ac Repair Services, Elevator Repair Services), Hospitality, Banking & Finance, Healthcare, Government, Commercial, and Energy & power. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Automatic Identification and Data Capture Market Analysis by Vertical
The BFSI segment accounted for the largest revenue share in the global market in 2023. This can be attributed to the rising demand for technologies such as smart cards in the banking sector. These systems are widely implemented in financial organizations owing to their ability to conduct asset tracking, process transactions, and identify procedures securely. In November 2022, Alogent, which provides specialized solutions to the BFSI industry, announced that the State Department Federal Credit Union had deployed its comprehensive enterprise check and payment processing solutions portfolio to streamline its remote deposit, teller capture, and back-office processing functions.
The retail segment is estimated to witness the fastest growth during the forecast period. The rising adoption of automatic identification & data capture technologies such as barcode & RFID tags in the areas of supply chain management and replenishment of orders in the retail value chain is expected to boost this segment’s contribution. The retail business is witnessing continued expansion in multiple economies worldwide, aiding the adoption of AIDC technology in this sector, with rising urbanization and growing demand for various consumer goods. Manufacturers are developing complementary technologies while continuously improving conventional laser scanning capabilities to assist retail distribution centers in meeting new identification challenges and achieving their long-term objectives.
Automatic Identification and Data Capture Market Analysis by Offering
As per automatic identification and data capture market analysis, the hardware segment accounted for a dominant revenue share of 63.0% in 2023. The increasing demand for AIDC hardware devices such as RFID tags, scanners, barcode solutions, biometric systems, and smart cards is expected to remain the primary segment driver. For instance, in May 2024, Hanwha Vision, which develops video surveillance systems and other vision solutions, announced the launch of a unique dual-lens Barcode Reader (BCR) camera to improve efficiency and minimize losses for logistics companies. Manufacturers are investing in research and development activities to improve the portability of these systems while ensuring higher efficiency and reliability, bringing competitive developments in the market.
The services segment is expected to advance at the fastest CAGR during the forecast period. Service providers in the industry offer comprehensive support to their customers, including configuration, installation and long-term maintenance of AIDC systems. Additionally, they provide training and consulting services to enable organizations to effectively implement and utilize AIDC technologies in their operations. Service providers also offer technical support and troubleshooting assistance to ensure smooth functioning of these products and minimize disruptions in data capture processes. For instance, Cognex offers extensive documentation and training material for its offerings, such as In-Sight Vision Sensors, DataMan, Cognex Designer, and VisionPro Deep Learning. These resources improve employee performance and accelerate processes in enterprises.
Global Automatic Identification and Data Capture Market By Offering (%)
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Automatic Identification And Data Capture Market Regional Insights
As per the automatic identification and data capture market outlook, North America accounted for the largest revenue share of 38.5% in the market in 2023. This is on account of the increasing awareness and high adoption of AIDC devices and increased investments to introduce these technologies in high-potential industries such as retail, healthcare, and manufacturing. There is also a strong focus on ensuring security and improving efficiency in industrial processes, leading to the extensive use of advanced equipment such as barcode readers and biometric systems. The U.S. accounts for a dominant share of the regional market, aided by the growing need among industries to gather information regarding packaged or containerized items accurately and quickly.
Asia-Pacific is expected to grow at the fastest CAGR from 2024 to 2031. Several major multinational retail and logistics firms are expanding their footprint in the Asia-Pacific region to take advantage of the increased purchasing power and improved standards of living of the middle-income population. This has led to a significant regional expansion of the regional automatic identification and data capture business. Furthermore, the region's economic growth, growing per capita income, rising consumption capacities with a large population base, and high economic growth rate are also attracting many global AIDC players to launch their technologically advanced products and aiding market growth. In addition, technological advances in the industrial sector in fast-growing countries such as China and India present further opportunities for AIDC companies to improve their solutions and services.
Global Automatic Identification and Data Capture Market By Geography
- Largest
- Fastest
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Automatic Identification And Data Capture Market Dynamics
Automatic Identification and Data Capture Market Driver
Increasing Inventory and Supply Demand
- The growing complexity of global supply chains has created a heightened demand for advanced AIDC technologies. Businesses, particularly in industries such as retail, logistics, and manufacturing, use solutions such as barcode scanning, RFID, and real-time location systems (RTLS) to track assets. This technology ensures accurate and real-time data capture, reduces errors, and has increased operational efficiency.
Advances in Automation and Adoption of Industry 4.0
- The shift towards automation and smart manufacturing is another important trend for the market. As Industry 4.0 principles gain traction, manufacturers are incorporating AIDC technology into their automated workflows to improve data accuracy and productivity. This integration ensures minimal human intervention, reduces errors and improves efficiency. Additionally, automated warehouses and distribution centers powered by AIDC technology are becoming important in meeting the increasing demand for e-commerce orders.
Automatic Identification and Data Capture Market Restraints
Rising Security Breaches
- Security concerns such as malware and viruses or data duplication, are among the primary challenges encountered by automatic identification and data capture devices, posing difficulties for industry participants. These security flaws jeopardize the goal of using automatic identification and data capture technologies, notably biometrics, whose main aim is to provide an enhanced and additional layer of protection.
Expensive AIDC Solutions
- One of the key barriers to the adoption of automatic identification and data-capture devices by small and medium-sized businesses is the high cost of installation. One or two contactless point-of-sale terminals must be installed, which are prohibitively expensive for small and medium-sized businesses with insufficient cash to spend when automated identification and data capture goods, such as smart cards, are deployed.
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Automatic Identification And Data Capture Market Competitive Landscape
The automatic identification and data capture industry is highly competitive, with a variety of players ranging from technology giants to niche solution providers. Companies in this category focus on providing advanced hardware and software solutions for applications such as inventory management, logistics, supply chain management, routing etc. market growth is shaped by innovations in barcode scanning, RFID technology, biometrics and mobile computing as a form of collaboration and integration.
Automatic Identification and Data Capture Market Top Players Company Profiles
- Honeywell International Inc
- Datalogic S.p.A.
- Zebra Technologies Corporation
- SICK AG
- Cognex Corporation
- Toshiba Corporation
- Getac Technology Corporation
- Dell Technologies Inc.
- Samsung Electronics Co., Ltd.
- Panasonic Corporation
- Avery Dennison Corporation
- Seiko Epson Corporation
- NCR Corporation
- Casio Computer Co., Ltd.
- Denso Wave Incorporated
- M3 Mobile Co., Ltd.
- SATO Holdings Corporation
- Synaptics Incorporated
- NXP Semiconductors N.V.
- NEC Corporation
Automatic Identification and Data Capture Market Recent Developments
- In July 2024, Dynamsoft announced the release of its Dynamsoft Barcode Reader SDK. This new SDK allows developers to use cross-platform application Barcode formats that can play well.
- In May 2024, Datalogic announced the launch of the Magellan 900i imaging-based entry-level scanner to replace the company’s GPS44XX series. The product shows excellent readability on 2D and 1D barcodes, especially when displayed on smartphones.
- In March 2024, Cognex Corporation launched the 380 Modular Vision Tunnel, part of its Modular Vision Tunnel division, using the DataMan 380 barcode reader. The product provides searchability and high performance to a system due to improved use of the DataMan 380 barcode reader.
Automatic Identification And Data Capture Key Market Trends
- Integration of AI and IoT with AIDC Technologies: A major trend in the market is the combination of artificial intelligence (AI) and the Internet of Things (IoT) to provide AI-enabled data capture devices, such as intelligent barcode readers and RFID systems. Predictive IoT connectivity ensures seamless communication between AIDC equipment and enterprise systems, providing a unified interface for real-time decision making.
- Widespread Adoption of Mobile AIDC Solutions: Increased reliance on mobile devices in the industry is driving the adoption of mobile AIDC technology. Handheld scanners, mobile computers and smartphone-based barcode scanning apps are gaining popularity due to their portability. These solutions cater to a wide range of industries from retail to healthcare, enabling data capture and improving business flexibility.
Automatic Identification And Data Capture 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 SkyQuest analysis, the automated identification and data capture market is a rapidly growing dynamic industry, driven by the need for supply chain optimization. Growing adoption of Industry 4.0 technologies such as the adoption of AI and IoT will be combined with the rise of mobile AIDC solutions is reshaping the market with innovation and agility. But challenges such as high cost of implementation and data safety concerns continue to be a barrier to expanding adoption. Despite these limitations, the market remains a cornerstone for businesses looking to streamline operations, increase data accuracy, and remain competitive in an increasingly digital and automated world.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 52.9 billion |
| Market size value in 2031 | USD 184.7 billion |
| Growth Rate | 14.9% |
| Base year | 2023 |
| Forecast period | 2024–2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| 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 Automatic Identification And Data Capture 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 Automatic Identification And Data Capture 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 Automatic Identification And Data Capture 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 Automatic Identification And Data Capture 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 Automatic Identification And Data Capture Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Automatic Identification And Data Capture 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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