Global Barcode Scanner Market to Reach USD 14.88 Billion by 2034, Advancing at a 6.52% CAGR, Driven by Increasing Integration of AR and VR Technology | Future Market Insights, Inc.

The barcode scanner market is booming with the integration of AR and VR technology, enhancing user experience. Additionally, blockchain technology is transforming supply chain transparency and traceability. Increasing demand for efficient inventory management drives this growth.

/EIN News/ -- NEWARK, Del, July 31, 2024 (GLOBE NEWSWIRE) -- According to a Future Market Insights (FMI), the barcode scanner market is predicted to be valued at USD 7.91 Billion in 2024 and USD 14.88 Billion by 2034. Over the projection period, the barcode scanner market is expected to surge at a CAGR of 6.52%.

A prominent driver is the growing adoption of barcode technology in emerging markets and industries. As global players focus on streamlining operations and improving productivity, barcode scanners provide an affordable solution for tracking inventory, managing assets, and optimizing the supply chain.

Barcode scanners are ecofriendly alternatives to paper, which can help companies, go paperless while still being able to save insights digitally. This feature of barcode scanner aligns with governments’ goals of a greener future, further increasing barcode scanners demand.

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Barcode scanners are ideal for many businesses because of their ease of use and accuracy. They make updating and accessing data extremely convenient and eliminate any delays, making them a go to tool, especially for the retail industry.

The healthcare industry is a crucial driver for the barcode scanner market, as this technology offers easy, budget friendly solutions to all the complexities that hit its nerves. They also ensure patient safety and surgical instrument identification.

Barcode scanners are used in the emergence of smart cities and technological advancements. These innovations empower the seamless integration of barcode data with IoT sensors, allowing for real time monitoring of assets, inventory, and infrastructure.

Key Takeaways from the Barcode Scanner Market Study:

• China leads the barcode scanner market, expecting a 9.30% CAGR by 2034.
• Italy anticipates an 8.40% CAGR by 2034 with regard to barcode scanner demand.
• Canada is expected to surge with an 8.80% CAGR until 2034.
• Portable/handheld segment to hold an 82.40% market share until 2024.
• FMI forecasts the laser scanner segment to attain a 32.70% market share by 2024.
  
  

“The barcode market is anticipated to augment at a stupendous pace owing to technological advancements, growing need for efficiency, and seamless integration with mobile devices,” – opines Nikhil Kaitwade, Associate Vice President at Future Market Insights (FMI).

How are Key Players revolutionizing the Barcode Scanner Market?

The key players are revolutionizing the barcode scanner market through innovation continuous innovation. By integrating image technology, they made barcode reading much faster and more accurate, even in unfavorable conditions. Seamless connectivity with mobile devices enables users’ flexibility and mobility, while cloud connectivity enables real time data analytics and inventory management.

Sturdy designs endure harsh industrial conditions, ensuring durability and reliability. AI and ML can decode even damaged barcodes accurately. With a strong emphasis on user experience, intuitive interfaces and user friendly designs streamline operations. These advancements indicate a profound change, strengthening major players with agility, efficiency, and data driven insights.

Recent Developments:

• In November 2023, with the peak shopping season approaching, technologies that improve the customer experience and help them make faster decisions are becoming increasingly important. Honeywell released the latest version of its SwiftDecoder™ barcode-decoding software to enhance retail operations and provide a smooth shopping experience.
• In November 2023, Zebra Technologies Corporation, a leading digital solution provider that enables businesses to intelligently connect data, assets, and people, announced that Ricoh Company Ltd (Ricoh) has successfully implemented Zebra's radio frequency identification (RFID) solution at distribution centers in Gotemba, Kawasaki, and Osaka, Japan. The deployment improves the tracking and retrieval of multiple secure digital (SD) cards, which are routinely placed as part of the standard checking procedure on multifunction copiers and printers handed in for warranty claim processing.

Key Players Profiled in Report:

• 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.
• Microscan Systems, Inc.
  
  

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Barcode Scanner Market Segmentation Analysis:

By Product Type:

• Portable/Handheld
  • Rugged Scanners
  • PDA Scanners
  • Automatic Readers
  • Others
• Fixed Position
  • Stationary Scanners
  • Presentation Scanners
  • Automatic Readers
  • Others

By End User:

• Retail & Commercial
• General Manufacturing
• Healthcare
• Logistics & Warehouse
• Commercial Aviation
• Defence
• Others
  

By Technology:

• Pen Type Reader
• Laser Scanner
• CCD (Charge Coupled Device) Readers
• Camera Based Reader
• Omni Directional Barcode Scanner
• Smartphone Based Scanner
• RFID (Radio Frequency Identification Technology)
  

By Region:

• North America
• Latin America
• Western Europe
• Eastern Europe
• South Asia & Pacific
• East Asia
• The Middle East & Africa
  
  

About the Industrial Automation Domain at Future Market Insights:

The Industrial Automation team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 Billion+ data points, the team has been analyzing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.

Authored by:

Nikhil Kaitwade (Associate Vice President at Future Market Insights, Inc.) has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.

His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.

Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Explore Future Market Insights, Inc. Extensive Coverage in Industrial Automation Domain:

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About Future Market Insights (FMI):

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI's latest market research reports and market analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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El mercado de escáneres de códigos de barras en Alemania está preparado para un crecimiento significativo, proyectado para expandirse a una tasa de crecimiento anual compuesta (CAGR) del 7,80% hasta 2034. Como líder en innovación tecnológica y fortaleza industrial, Alemania juega un papel crucial en el mercado global de escáneres de códigos de barras, con un tamaño de mercado esperado de aproximadamente USD 14,88 mil millones para 2034.

La adopción creciente de la tecnología de códigos de barras en varios sectores, incluidos el comercio minorista, la logística, la manufactura y la salud, está impulsando este crecimiento. Las empresas en Alemania están a la vanguardia en el desarrollo de soluciones avanzadas de escaneo de códigos de barras, enfatizando la ingeniería de precisión y la eficiencia. La expansión del mercado también se ve impulsada por la creciente necesidad de automatización y la mejora de la eficiencia operativa, particularmente en la gestión de inventarios y los procesos de la cadena de suministro.

A medida que las empresas se esfuerzan por mejorar su productividad y precisión, la demanda de escáneres de códigos de barras sofisticados, incluidos los dispositivos portátiles y de posición fija, está en aumento. Esta tendencia subraya el compromiso de Alemania de mantener su ventaja competitiva en la industria de escáneres de códigos de barras, asegurando que siga siendo un jugador fundamental en la configuración del futuro de la tecnología de escaneo. Los avances tecnológicos continuos y las dinámicas del mercado indican una perspectiva prometedora para el mercado de escáneres de códigos de barras en Alemania.

Tendencias clave e información sobre el mercado de escáneres de códigos de barras por aplicación y usuario final

Comercio minorista y comercial

• Los escáneres de códigos de barras se utilizan ampliamente en las tiendas minoristas para la gestión de inventarios, el pago y el seguimiento de la cadena de suministro.
• Existe una preferencia creciente por los escáneres de códigos de barras sostenibles y ecológicos en el sector minorista.
• El segmento de comercio minorista y comercial es la aplicación más grande y de mayor crecimiento para los escáneres de códigos de barras, con una CAGR esperada del 7,5% desde 2024 hasta 2031.
  

Salud

• Los escáneres de códigos de barras se están adoptando cada vez más en la industria de la salud para la identificación de pacientes, la gestión de medicamentos y el seguimiento de activos.
• Se espera que el uso de escáneres de códigos de barras en la salud impulse un crecimiento significativo del mercado.

Logística y almacenes

• Los escáneres de códigos de barras son esenciales para la gestión de inventarios, el seguimiento de activos y la optimización de la cadena de suministro en la logística y los almacenes.
• El crecimiento de las cadenas de suministro globales y las redes logísticas está aumentando la demanda de tecnología de escaneo de códigos de barras precisa y confiable.

Manufactura

• Los escáneres de códigos de barras se utilizan en la manufactura para el control de inventarios, el seguimiento de activos y la monitorización de la producción.
• El sector de manufactura general es un usuario final clave para los escáneres de códigos de barras.

Otras aplicaciones

• Los escáneres de códigos de barras tienen aplicaciones diversas en industrias como la aviación, la defensa, la agricultura y la construcción.
• El uso creciente de escáneres de códigos de barras en una amplia gama de industrias está creando oportunidades de crecimiento significativas.

Segmentación del mercado por usuario final

1. Comercio minorista
   • Los minoristas están avanzando hacia soluciones de escaneo avanzadas para mejorar la experiencia del cliente y optimizar las operaciones.
2. Proveedores de salud
   • Los hospitales y clínicas están integrando la tecnología de códigos de barras para garantizar el cumplimiento y mejorar la seguridad del paciente.
3. Empresas de logística
   • Las empresas de logística están invirtiendo fuertemente en sistemas de escaneo de códigos de barras para optimizar su cadena de suministro y la gestión de inventarios.
4. Fabricantes
   • Los fabricantes están adoptando escáneres de códigos de barras para un seguimiento eficiente de la producción y el control de inventarios.
5. Otros
   • Esto incluye el uso en sectores como la educación para el seguimiento de asistencia y en la banca para la gestión de documentos.

Tendencias futuras

• Avances tecnológicos: La integración de tecnologías como RFID, lectores basados en cámaras y escáneres basados en teléfonos inteligentes se espera que mejore la funcionalidad y versatilidad de los escáneres de códigos de barras.
• Sostenibilidad: Hay una tendencia creciente hacia soluciones de escaneo de códigos de barras ecológicas y sostenibles, reflejando preocupaciones ambientales más amplias.
• Soluciones basadas en la nube: La adopción de tecnología en la nube para la gestión y accesibilidad de datos está aumentando, particularmente en la gestión de logística y almacenes.