USD 6.81 billion
Barcode Scanner Market Size, Share, Growth Analysis, By Product(Handheld Barcode Scanner, Stationary Barcode Scanner), By Type(Wired Barcode Scanner, Wireless Barcode Scanner), By Scanner Type(Rugged Barcode Scanner, Non-Rugged Barcode Scanner), By Technology(Camera Based Reader, Charge Coupled Device Reader, Laser Scanner and others), By End User(Retail and Commercial, General Manufacturing, Healthcare and Other), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG45I2072 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
141
|Figures:
78
Barcode Scanner Market Insights
Barcode Scanner Market size was valued at USD 6.81 billion in 2019 and is poised to grow from USD 7.32 billion in 2023 to USD 12.15 billion by 2031, growing at a CAGR of 7.5% in the forecast period (2024-2031).
The public distribution system's digitalization and increase in e-retailers are two contributing factors to the barcode scanner market's expected growth during the projected period. Also, the retail and warehousing sectors are seeing a major growth in the market for barcode reader. Due to its cutting-edge features and technological advantages, barcode scanners are becoming more and more utilized in a wide range of industries.
All through the forecast period, the adoption of barcode technology is expected to reduce the obstacles to tracking and supply for merchants in the market, creating a growth potential for the barcode scanner market. Furthermore, barcode scanner technology continues to improve and become more efficient. The printing of barcodes, which are scanned by barcode scanners, is increasing as more products enter the market as a result of the same.
Due to the benefits of the barcode scanner, which also include simple and accurate account keeping and better inventory control for manufacturers and retailers, the market is thus expected to have potential growth throughout the forecast period.
US Barcode Scanner Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Retail and Commercial
Fastest Growth
Retail and Commercial
Growth Rate
7.5% CAGR
Global Barcode Scanner Market ($ Bn)
Country Share for North America Region (%)
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Barcode Scanner Market Segmental Analysis
Global Barcode Scanner Market is segmented by Product, By Type, By Scanner Type, By Technology, By End User and Region. Based on Product, the market can be segmented into Handheld Barcode Scanner, Stationary Barcode Scanner. Based on Type, the market can be segmented into Wired Barcode Scanner, Wireless Barcode Scanner. Based on Scanner Type, the market is segmented into Rugged Barcode Scanner, Non-Rugged Barcode Scanner. Based on Technology, the market is segmented into Camera Based Reader, CCD Reader, Laser Scanner and Other. Based on End User, the market is segmented in to Retail and Commercial, General Manufacturing, Healthcare and Other. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Barcode Scanner Market Analysis by Technology
By 2030, CCD (Charge-Coupled Device)-based barcode readers are anticipated to dominate the global barcode scanner market. This is illustrated by a crucial feature that sets a CCD barcode reader apart from pen-style or laser-based barcode readers. Even though pen-type or laser-based barcode scanners measure reflected light of a certain frequency originating from the scanner itself, CCD scanners measure ambient light coming from the barcode. Furthermore, CMOS (Complementary Metal Oxide Semiconductor) sensors can be used to create these scanners, cutting down the cost of production.
Barcode Scanner Market Analysis by End User
In terms of share, the logistics and warehouse segment dominated the global barcode scanner market in 2021, followed by retail and commerce. All through the aforementioned forecast period, the logistics and warehousing category is expected to grow at the highest CAGR of 5.3%. The preference of suppliers and suppliers for using barcode scanners to manage the data of various products in their warehouses can be linked to the rise of this industry. Since millions of retail workers use handheld barcode sensors on a daily basis all over the globe, the growth of the retail and commercial market is highly related to the demand for such gadgets.
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Barcode Scanner Market Regional Insights
Asia Pacific dominated the global market due to its burgeoning barcode scanner industry, which is expected to increase as a result of the region's expanding retail, logistics, and healthcare industries as well as the number of retail chains. Due to an increase in e-retailers and the presence of several major companies in nations like China, India, Japan, and South Korea, the APAC barcode scanner market is anticipated to grow at a rapid rate over the forecast period: The Latin American barcode scanner market has much more opportunities for growth as a result of advancements in digital technology
North America dominated the greatest market share and is expected to keep leading over the projection period due to the region's expanding use of barcode scanners in the manufacturing and retail sectors. As far as tracking and recording product information goes, barcoding is now considered standard. High-end barcode scanners have indeed been embraced in North America by a variety of industries. The scanners include cordless scanners, robust scanners, omnidirectional scanners, and stationary scanners.
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Barcode Scanner Market Dynamics
Barcode Scanner Market Drivers
Growing demands for digital solutions
- The market has been driven by the increasing need for remote solutions across various sectors. The increasing number of international logistics service providers is another factor boosting the market growth. The effectiveness and operational efficiency of the barcode scanner will also enable most stores in the coming years to maintain inventory control without making mistakes. The time is cut in half, and during the forecast period, the market may grow. Also, the growth of shopping malls and supermarkets across various countries is also driving growth of the barcode scanner industry.
Rising barcode scanner usage in the healthcare sector to drive market growth
- Barcode scanners are being applied in more and more applications in the healthcare industry. Utilizing barcode scanners has advanced the process of accurately recording patient data, allowing the correction of any inaccuracies which may occur as well as a reduction in medication-related mistakes when a patient is being treated at a hospital. Moreover, barcode scanner technology can fix around 51% of pharmaceutical errors, according to IMNA. According to the US Food and Drug Administration (FDA), every drug is given a National Drug Code, a 10-digit identification number, to enable quick and easy collection and preservation of the relevant drug information. Thus, during the forecast period, these factors are expected to drive the growth of the global barcode scanners market.
Barcode Scanner Market Restraints
Lack of awareness
- The difficulties of transferring the barcode scanner from one place to another and some shopkeepers' lack of awareness of the barcode scanner machine are the key factors restricting the market growth.
Growing Popularity of RFID tag
- Although new data cannot be entered into barcodes, necessary information can be gathered from them. Radio frequency identification (RFID) tags are being used in such situations. Barcodes and RFID tags both allow for the collection and storage of data. If the RFID tag is within the scanning area of a radio scanner, which does not require a direct line of sight as do barcode scanners, data can be retrieved from the tag. RFID tags are also used in the inventory control departments of logistics and manufacturing facilities.
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Barcode Scanner Market Competitive Landscape
Businesses focus on a variety of factors, such as product attributes, pricing, brand recognition, distribution networks, and customer service, in order to stand out from the competition in this market. To compete effectively and meet the evolving needs of their clients, they also invest in the creation of cutting-edge technologies, such as wireless networking and advanced image capturing. Due to the ongoing growth of e-commerce and the increasing use of automation technologies across a range of industries, it is anticipated that the barcode scanner market is going to be extremely competitive, with new competitors consistently entering the market.
Barcode Scanner Market Top Player’s Company Profiles
- Honeywell International Inc.
- Zebra Technologies Corporation
- Datalogic S.p.A.
- Wasp Barcode Technologies
- Symbol Technologies, Inc.
- Opticon Sensors Europe BV
- Code Corporation
- SATO Holdings Corporation
- CipherLab Co., Ltd.
- Axicon Auto ID Ltd.
- Unitech Electronics Co., Ltd.
- Microscan Systems, Inc.
- Newland EMEA
- Cognex Corporation
- Bluebird Inc.
- Denso Wave Incorporated
- NCR Corporation
- Handheld Group AB
- Seuic Auto-ID Technology Co., Ltd.
- NADAMOO Inc.
Barcode Scanner Market Recent Developments
- In February 2021, The Xenon XP 1950g handheld scanner, which has high-performance scanning and a durable design, was introduced by Honeywell International.
- In March 2021, The Gryphon GFS4400 2D scanner, which has an expanded reading range and sophisticated picture capture capabilities, was announced by Datalogic.
- In April 2021, Zebra Technologies introduced the TC26 mobile computer. It has a built-in barcode scanner and is intended for use in retail and healthcare settings.
Barcode Scanner Key Market Trends
- The market is expected to expand significantly as a result of the development of digital technologies for scanning and analyzing data inventory, particularly in the retail and warehousing sectors. The barcode scanner is becoming more and more well-liked in the retail and warehousing sectors due to its cutting-edge features and technological advantages. Barcode technology is also expected to make it simpler to track and supply inventory for warehousing and retail operations. The development and continuous development of barcode technology is important considerations in the market acceptance of barcode scanners.
- The increase in international logistics service providers is another important driver of the barcode scanner industry. Also, the market is growing as a result of the effective and efficient logistical operations that barcode scanners enable, which results in almost error-free inventory tracking. The reduction of crucial time spent tracking inventory in logistical operations is a primary factor influencing the barcode scanner market.
Barcode Scanner Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Global Barcode Scanner Market analysis, we found that the utilization of these devices to handle patient medical records and medications is also increasing in the healthcare industry. In line with this, the growing healthcare industry also offers lucrative potential for market growth. Also, by reducing human error in online information administration and recording, these scanners help to increasing the accuracy of the data that is recorded. This is expanding the product's application across many end use industries, including travel and tourism, media, and entertainment, along with the creation of two-dimensional (2D) barcodes, such as the quick response (QR) code and data matrix.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 6.81 billion |
| Market size value in 2031 | USD 12.15 billion |
| Growth Rate | 7.5% |
| 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 Barcode Scanner 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 Barcode Scanner 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 Barcode Scanner 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 Barcode Scanner 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 Barcode Scanner Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Barcode Scanner 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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