About Barcode Readers
A barcode reader, also known as a barcode scanner is an electronic device that captures and read information from a barcode and transfer output printed barcodes to the connected computer. A barcode reader includes of a scanner, a decoder, and a cable that is connected to the computer. The connected computer decodes the data taken with the help of a software. Like a flatbed scanner, it contains of a light source, a lens and a light sensor translating optical impulses into electrical ones. Its decoder circuitry analyze the bar code's image data provided by the sensor & sending the barcode's content to the scanner's output port. In retail and manufacturing industries, barcode technology is rapidly adopted. Barcode scanners are one of the best solutions for recording product information without any major manual effort. With the technological advantages coupled with cutting-edge features of barcode scanners, the popularity is also increasing in healthcare industry.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia-Pacific |
Unit | Value (USD Million) |
CAGR | 4.7% |
The global barcode reader market is fragmented owing to the presence of several small and large dealers who compete in terms of price, quality, reputation, innovation, and distribution. To sustain themselves in such a competitive market environment, it is important for the market players to discriminate their product offerings through a unique and clear value proposition. Also, vendors need to focus on the expansion of their distribution channels to increase their product availability and market penetration. Analyst at AMA Research estimates that Global Manufacturers will contribute the maximum growth to Global Barcode Readers market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Honeywell International Inc.(United States), DATALOGIC SpA (Italy), System ID Barcode Solutions.(United States), Newland EMEA (Netherlands), Cognex Corporation (United States), Denso Wave Incorporated (Japan), OMRON Corporation (Japan), Socket Mobile (United States), Zebex Industries Inc.(Taiwan), TouchStar Technologies (United Kingdom) and Opticon Sensors Europe B.V.(Netherlands) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are CipherLAB (Taiwan) and Bluebird Inc.(United States).
Segmentation Overview
AMA Research has segmented the market of Global Barcode Readers market by Type (Laser Barcode Readers, Handheld Barcode Readers, Stationary Barcode Readers, Mobile Computer Readers and Others), Application (Retail, Transportation and Logistics, Manufacturing, Healthcare, Government, Entertainment and Others (Education, Travel, Hospitality)) and Region.
On the basis of Type, Laser Barcode Scanners are dominating the market in the year 2023On the basis of application, Optical Imager Barcode Scanners segment is dominating the market in the year 2023On the basis of geography, the market of Barcode Readers has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023. Europe, on the other hand, stood as the second largest market due to the presence of key companies in the region and high technological advancement. If we see Market by Industry Vertical , the sub-segment i.e. Retail will boost the Barcode Readers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Component, the sub-segment i.e. Solution will boost the Barcode Readers market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increasing Application in Supply Chain Tracking and Emergence of Industry 4.0
Market Growth Drivers:
Growing Acceptance of Barcodes Readers across Various Industry Verticals and High Adoption of Automatic Data Capture (ADC) Devices in the Retail Industry
Challenges:
High Competition among the Market Players and Increasing Effectiveness of portable barcode Scanner for Working with Complex Shapes and Designs
Restraints:
High Product Development Cost of Barcode Readers and Lack of Technical Expertise to Adopt New Technology
Opportunities:
Growing Retail Industry Worldwide and Increasing Demand from the Developing Economies
Market Leaders and their expansionary development strategies
In June 2023, ResGreen Group International, Inc. announced it is partnering with wearable tech pioneer ProGlove to increase collaboration between workers and automated equipment. ProGlove provides durable, wearable barcode scanners that can be easily integrated with ResGreen’s BotWay software and LilBuddy Autonomous Mobile Robots
In March 2022, Cognex Corporation introduces the DataMan 280 series fixed-mount barcode readers. The DataMan 280 is engineered to solve a broad range of ID applications, including tough 1D, 2D, and Direct Part Mark (DPM) code applications in manufacturing and logistics.
Key Target Audience
Barcode Reader Device Manufacturers, Barcode Reader Device Distributors/Traders/Wholesalers, Raw material suppliers, Barcode Reader Device Subcomponent Manufacturers, Industry Association and Downstream Vendors
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.