NEW
YORK, Sept. 17, 2024 /PRNewswire/ -- Report with
market evolution powered by AI- The global industrial barcode
scanner market size is estimated to grow by USD 2.61 billion from 2024-2028, according to
Technavio. The market is estimated to grow at a CAGR of
10.68% during the forecast period. Evolution of
industry 4.0 is driving market growth, with a trend
towards use of wearables with the same functionalities as
traditional barcode scanners. However, high purchasing cost of
industrial barcode scanners poses a challenge. Key market
players include Advantech Co. Ltd., Bluebird Inc., CipherLab Co.
Ltd., Cognex Corp., Datalogic SpA, DENSO Corp., EUROTECH Spa,
Generalscan, Honeywell International Inc., Mexxen Technology Inc.,
Newland Digital Technology Co. Ltd., OMRON Corp., Opticon Sensors
Europe BV, Portable Technology Solutions LLC, RIOTEC Co. Ltd., SATO
Holdings Corp., Unipro Tech Solutions Pvt. Ltd., Unitech Computer
Co. Ltd., ZEBEX INDUSTRIES INC., and Zebra Technologies Corp..
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Forecast
period
|
2024-2028
|
Base Year
|
2023
|
Historic
Data
|
2018 - 2022
|
Segment
Covered
|
Application
(Manufacturing, Transportation and logistics, Retail, Food and
beverages, and Others), Product (Mobile computers, Handheld
scanners, and Ring scanners), and Geography (North America, APAC,
Europe, South America, and Middle East and Africa)
|
Region
Covered
|
North America, APAC,
Europe, South America, and Middle East and Africa
|
Key companies
profiled
|
Advantech Co. Ltd.,
Bluebird Inc., CipherLab Co. Ltd., Cognex Corp., Datalogic SpA,
DENSO Corp., EUROTECH Spa, Generalscan, Honeywell International
Inc., Mexxen Technology Inc., Newland Digital Technology Co. Ltd.,
OMRON Corp., Opticon Sensors Europe BV, Portable Technology
Solutions LLC, RIOTEC Co. Ltd., SATO Holdings Corp., Unipro Tech
Solutions Pvt. Ltd., Unitech Computer Co. Ltd., ZEBEX INDUSTRIES
INC., and Zebra Technologies Corp.
|
Key Market Trends Fueling Growth
The industrial barcode scanner market is expected to witness
significant growth during the forecast period due to the increasing
adoption of advanced wearable devices. Traditional barcode scanners
are being replaced with smart glasses, which offer additional
functionalities like barcode and QR code scanning. DHL is one of
the companies that have already adopted smart glasses in their
logistics operations. However, ensuring the barcodes are within the
line of sight of the device for decoding remains a challenge.
Improvements in barcode formats, such as linear and laser, are
expected to address this issue, leading to the widespread adoption
of smart glasses in place of traditional wearable scanners. This
trend will positively impact the growth of the global industrial
barcode scanner market.
The Industrial Barcode Scanner market is witnessing significant
growth due to automation trends in various industries. Retail
outlets, e-commerce, courier services, and e-retailers are
increasingly adopting barcode scanning technology for digitization
and data exchange. Industrial cameras and cyber-physical systems
are integrating barcode scanning equipment into robots and AI for
real-time insight in logistics industry. 2D scanners, data
matrices, and QR codes are popular for identifying and tracking
goods, parts, and assets in industrial settings. Design and
high-performance capabilities are essential for barcode scanners in
demanding locations like production floors and warehouses. Laser
and image scanners, RFID systems, portable, and fixed-mount
handheld scanners cater to diverse industrial needs. The market is
expected to grow further with the integration of cloud technology
and semi-autonomous techniques.
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Market Challenges
- The industrial barcode scanner market is experiencing growth,
marked by rising sales and decreasing customer costs. However, the
high cost of industrial barcode scanners is a significant barrier
to their widespread adoption across industries. For instance, an
industrial barcode scanner can cost over USD600, while a general-purpose one is typically
priced at around USD200. This price
difference poses a challenge for businesses looking to implement
industrial barcode scanning systems. Additionally, the adoption of
industrial wearables brings about the challenge of justifying the
investment's return. The high cost of implementation and
procurement, combined with the high ROI potential of innovative,
smart products, may hinder the growth of industrial wearable
scanners in the forecast period.
- The Barcode Scanner Market is experiencing significant growth
in various sectors like Retail and Commercial, Logistics and
Warehousing, Commercial Aviation, Defense, and Public Distribution
System. Challenges in this market include wireless connectivity,
image recognition, and asset tracking. Hybrid scanners that offer
both barcode and image recognition capabilities are gaining
popularity. The Retail sector and Warehousing sector are major
consumers of Barcode Readers for benefits like inventory control,
account keeping, and tracking and supply. Merchants in the Retail
sector are adopting Handheld Barcode Scanners for quick scanning,
while Warehousing sector prefers Stationary Barcode Scanners for
bulk scanning. Wired Barcode Scanners are cost-effective, but
Wireless Barcode Scanners offer technological advantages like
mobility and flexibility. Rugged Barcode Scanners are preferred in
harsh environments, while Non-Rugged Barcode Scanners are suitable
for indoor use. Camera-Based Readers, Laser Scanners,
Omni-Directional, Pen Type Readers, RFID Readers, and Services are
other types of Barcode Scanning solutions. The Printing of Barcodes
is a crucial aspect of Barcode Technology. The Market Snapshot
shows continued growth potential due to the benefits it offers.
CCD-based and Pen-style Barcode Scanners use different
technologies, while Laser-based and CMOS sensors offer varying
levels of accuracy.
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Segment Overview
This industrial barcode scanner market report extensively covers
market segmentation by
- Application
- 1.1 Manufacturing
- 1.2 Transportation and logistics
- 1.3 Retail
- 1.4 Food and beverages
- 1.5 Others
- Product
- 2.1 Mobile computers
- 2.2 Handheld scanners
- 2.3 Ring scanners
- Geography
- 3.1 North America
- 3.2 APAC
- 3.3 Europe
- 3.4 South America
- 3.5 Middle East and
Africa
1.1 Manufacturing- In the manufacturing
sector, barcode scanners serve a vital role in streamlining
operations. These devices enable manufacturers to monitor inventory
levels, identify component locations, and track production progress
by scanning barcodes on raw materials and finished products. By
ensuring accurate component usage and early identification of
quality issues, barcode scanners enhance efficiency and minimize
wastage. Furthermore, barcode scanning is utilized for various
applications, including receiving, inventory transactions, picking
stock, work in process tracking, product identification, and
shipping. QR codes are also employed for marketing purposes. The
significance of barcode scanning in the manufacturing industry is
expected to fuel the expansion of the global industrial barcode
scanner market throughout the forecast period.
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gain insights into AI's impact on market dynamics, emerging trends,
and future opportunities- including forecast (2024-2028) and
historic data (2018 - 2022)
Research Analysis
The Industrial Barcode Scanner Market is experiencing
significant growth due to the increasing automation in various
industries, including retail outlets, courier services, e-commerce,
and the warehousing sector. Barcode scanning technology, a key
component of digitization, enables efficient data capture
procedures in industrial settings for identification, tracking, and
management of goods, parts, and assets. Design and technological
advantages make industrial barcode scanners ideal for use in harsh
environments. The growth potential of this market is vast, with
benefits including improved accuracy, increased productivity, and
enhanced supply chain tracking and management for merchants and
e-retailers. Industrial barcode scanning equipment, including
barcode readers and industrial cameras, are essential tools for
digitalization, providing technological advantages over manual data
entry methods. The printing of barcodes is also a crucial aspect of
this market, ensuring seamless integration of barcode scanning into
industrial processes.
Market Research Overview
The Industrial Barcode Scanner Market is experiencing
significant growth due to the automation of various industries,
including retail outlets, logistics, manufacturing, healthcare, and
more. Barcode scanning technology is a crucial element of
digitization and e-commerce, enabling real-time data exchange and
tracking of goods, parts, and assets in industrial settings.
Industrial barcode scanners come in various forms, such as
industrial cameras, handheld scanners, and RFID systems, catering
to demanding locations like production floors, warehouses, and
logistics hubs. Design and high performance capabilities are
essential features of industrial barcode scanners, ensuring
scanning accuracy in various lighting conditions and environments.
The market is witnessing technological advancements, such as 2D
imaging technology, wireless connectivity, and machine learning,
which offer benefits like real-time insight, inventory management,
and efficiency for industrial businesses. The growth potential of
the market is significant, driven by the technological advantages
of barcode scanning equipment, including data collection accuracy,
real-time data processing, and image recognition. Handheld barcode
scanners, 2D scanners, data matrices, and QR codes are popular
types of barcode scanning technology used in industrial settings.
The market includes various players offering semi-autonomous
techniques, such as cyber-physical systems, robots, and smart
barcode scanners, to enhance productivity and reduce errors. The
logistics industry, e-retailers, and courier services are
significant end-users of industrial barcode scanners, while the
retail sector and warehousing sector are also major contributors to
the market's growth. The printing of barcodes is another essential
aspect of the market, ensuring the availability of barcodes for
scanning and tracking purposes. Overall, the Industrial Barcode
Scanner Market is poised for growth, driven by the benefits of
barcode technology, including account keeping, inventory control,
and tracking and supply, in various industries.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Manufacturing
- Transportation And Logistics
- Retail
- Food And Beverages
- Others
- Product
-
- Mobile Computers
- Handheld Scanners
- Ring Scanners
- Geography
-
- North America
- APAC
- Europe
- South America
- Middle East And Africa
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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SOURCE Technavio