What is the global market size of Barcode Scanner Market?

Global Barcode Scanner Market size was valued at USD 6.81 billion in 2021 and is poised to grow from USD 7.32 billion in 2022 to USD 12.15 billion by 2030, growing at a CAGR of 7.5% in the forecast period (2023-2030).

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 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.

Barcode Scanner Market Report Snapshots

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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).

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. '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.'

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.

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.

Asia Pacific dominated the 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

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Barcode Scanner Market Regional Insights

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