Global Barcode Scanner Market

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, RFID), By End Use (Retail and Commercial, General Manufacturing), By Region - Industry Forecast 2025-2032.


Report ID: SQMIG45I2072 | Region: Global | Published Date: December, 2024
Pages: 157 | Tables: 141 | Figures: 78

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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FAQs

Global Barcode Scanner Market size was valued at USD 6.8 billion in 2022 and is poised to grow from USD 7.3 billion in 2023 to USD 12.2 billion by 2031, growing at a CAGR of 7.5% during 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. ', 'Motorola (Symbol Technologies, Inc.) ', 'Opticon Sensors Europe BV ', 'Code Corporation ', 'SATO Holdings Corporation ', 'CipherLab Co., Ltd. ', 'Axicon Auto ID Ltd. ', 'Unitech Electronics Co., Ltd. ', 'Omron (Microscan Systems, Inc.) ', 'Newland EMEA ', 'Cognex Corporation ', 'Bluebird Inc ', 'Denso Wave Incorporated ', 'NCR Corporation ', 'Handheld Group AB ', 'Seuic Auto-ID Technology Co., Ltd. ', 'Saint Windsor ', '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 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

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Global Barcode Scanner Market

Report ID: SQMIG45I2072

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