What is the global market size of Automatic Identification And Data Capture Market?

Global Automatic Identification And Data Capture Market size was valued at USD 47.95 billion in 2021 and is poised to grow from USD 54.34 billion in 2022 to USD 131.48 billion by 2030, growing at a CAGR of 11.7% in the forecast period (2023-2030).

Who are the key vendors in the Global Automatic Identification And Data Capture Market?

To gain a competitive edge in the market for healthcare automatic identification and data capture, the market players are investing in strategies such as product launches, acquisitions, expansions, and collaborations. For instance, Datalogic S.p.A. introduced the Smart-VS. This device can precisely detect the presence or absence of components like caps, labels, and prints on filling lines, among others. Regarding the market for automatic identification and data capture in healthcare, the company widened its product portfolio. 'Zebra Technologies Corporation', 'Honeywell International Inc.', 'Datalogic S.p.A.', 'Bluebird Inc.', 'Sick AG', 'NCR Corporation', 'Denso Wave Incorporated', 'Impinj Inc.', 'Cognex Corporation', 'Toshiba Corporation', 'Avery Dennison Corporation', 'Motorola Solutions Inc.', 'Alien Technology LLC', 'SATO Holdings Corporation', 'CipherLab Co., Ltd.', 'Axicon Auto ID Ltd.', 'Opticon Sensors Europe B.V.', 'Janam Technologies LLC', 'Newland EMEA', 'Zebex Industries Inc.'

What is the key driver of Global Automatic Identification And Data Capture Market?

The major drivers that are anticipated to propel the growth of the Automatic Identification and Data Capture market over the course of the analysis period include the expanding global e-commerce sector, rising smartphone use for QR code scanning and image recognition, rising adoption of AID solutions due to their capacity to reduce transaction and queue times, and offer users greater convenience when making small-value payments.

What is the key market trend for Global Automatic Identification And Data Capture Market?

Because of inaccurate data capture, human error, or deliberate evasion, governments worldwide frequently experience significant losses in exercise and customs. Government organizations from all over the world have created and put into effect a number of laws to improve the adoption of AIDC technologies in a variety of industries. These rules and regulations are intended to assist organizations in ensuring better information visibility, increasing operational efficiency, lowering operating costs through accurate data capture and a reduction in data entry errors, and raising customer satisfaction.

Which region accounted for the largest share in Global Automatic Identification And Data Capture Market?

Asia Pacific would hold the largest market share for AIDC. During the forecast period, the AIDC market in Asia Pacific is anticipated to grow at the highest CAGR. Due to the increased purchasing power of the middle class, many retail and logistics companies are expanding their presence in the area, which has fueled the expansion of the automatic identification and data capture market there. Additionally, a number of key market players, including Panasonic (Japan), SATO (Japan), Toshiba (Japan), Godex (Taiwan), and Optoelectronics (Japan), are highly concentrated in the area, which is likely to fuel the expansion of the automatic identification and data capture market in Asia Pacific.

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 News

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.

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Automatic Identification and Data Capture Market size was valued at around USD 52.9 billion in 2022 and is expected to rise from USD 60.8 billion in 2023 to reach a value of USD 184.7 billion by 2031, at a CAGR of 14.9% over the forecast period (2024–2031).

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. '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'

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.

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.

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.

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Automatic Identification And Data Capture Market News

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What is the global market size of Automatic Identification And Data Capture Market?

Who are the key vendors in the Automatic Identification And Data Capture Market?

What is the key driver of Automatic Identification And Data Capture Market?

What is the key market trend for Automatic Identification And Data Capture Market?

Which region accounted for the largest share in Automatic Identification And Data Capture Market?

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