About Handheld Barcode Scanner
Handheld Barcode Scanner is a device that is portable and can be operated while keeping in one's hands. These are built in such a way that they can be used for the task at hand. Moreover, it is used in wide applications across various sectors such as supermall, Movie Theater, and many more. It can come in wide varieties such as 1D, 2D, corded and cordless. The rising use of barcodes on most products is driving the market for barcode types of equipment.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | North America |
Largest Market Share | 32.0% |
Unit | Value (USD Million) |
CAGR | 5.6% |
Competition among existing players is due to the Handheld Barcode Scanner market share occupied by leading players. The industry leader is engaged in offering innovative and superior quality products to cater to the ever-growing demand for Handheld Barcode Scanner market. The companies are implementing strategic activities such as acquisitions and mergers along with collaboration with companies in other industries to aid them in improving sustenance and maintaining their competitive advantage. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Handheld Barcode Scanner market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
AVL List Gmbh (Germany), WILXION Research (United States), SPM Instruments (Sweden), Airmar Technology Corporation (United States), APC International (United States), Willow Technologies (United Kingdom) and Trs Technologies (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Zonare Medical System (United States), Annon Piezo Technology (China) and Others.
Segmentation Overview
AMA Research has segmented the market of Global Handheld Barcode Scanner market by Type (Laser Scanner, Linear Imager Scanner and 2D Imager Scanner), Application (Retail (Wholesale, Food retail, and Nonfood Retail), Hospitality, Health Care, Logistic & Transportation, Automotive, Manufacturing, Government and others) and Region.
On the basis of application, Retail segment is dominating the market in the year 2023 where as Health Care segment stood as second largest market .On the basis of geography, the market of Handheld Barcode Scanner 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. If we see Market by Component Type, the sub-segment i.e. Hardware will boost the Handheld Barcode Scanner market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of Growth in Demand for Industrial Portable Barcode Scanners
Market Growth Drivers:
Increasing Applications where Handheld Barcode Scanners are used Such as Theaters, malls, Superstores, etc. and Increasing Demand from Industry Sector
Challenges:
High Competition Present in the Market and Availability of Substitutes Present in this Industry
Restraints:
High Product Development Cost of These Scanners
Opportunities:
Rising Demand from the Healthcare Sector and Growth of Retail Industry in the Middle East and Asia-Pacific are Boosting the Market
Market Leaders and their expansionary development strategies
June 2021 -MARK Basic standard range (SR) is a new wearable scanner launched by ProGlove, a Germany-based leading manufacturer of wearable barcode scanners.
In 2019, JADAK, a business unit of Novanta Corporation has launched the release of the HS-1RL Secure Access Handheld Barcode Scanner. These scanners are integrated as 1D and 2D barcode scanning with RFID proximity card reading functionality in a single, ergonomic, and compact design. This allows clinicians to use their proximity ID badges for seamless and secure user authentication and access to medical devices while also capturing barcode data, such as patient wristbands or medication information, with a single device.
Analyst View
The market for handheld bar code scanner will be witnessing the tremendous growth in coming future, as a result of scanning QR codes for every products, payments or any kind of safest money transfer, will enhance the growth of this industry segment. It is seen that the market rate or share of this barcode equipment is majorly found in North America and is probably expected to create total incremental opportunity of more than USD1500 Mn from 2017 to 2027.
Key Target Audience
Potential Investors, Government Bodies and Associations, Up and Down Stream Vendors, Private Research Organizations, Suppliers and Distributors and Others
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.