2D Barcode Reader Industry (Market) Growth Analysis By Top Key Players - Honeywell International Inc., Zebra Technologies Corporation, Cognex Corporation

Key Companies Analyzed in 2D Barcode Reader Market Report are: - Honeywell International Inc., Zebra Technologies Corporation, Cognex Corporation, Juniper Systems, Wasp Barcode Technologies, Toshiba TEC Corporation, SATO Holdings Corporation, Keyence Corporation, Bluebird Inc., Opticon Inc.

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A 2D barcode reader is a stationary or hand-held electronic device which can be used to capture and read the information encoded in the two-dimensional (2D) barcodes. Mainly, 2D barcode reader components include, a scanner or a reader, a sensor, a decoder and a cable. A scanner is used to capture a 2D barcode image. A sensor is used to detect the light, which is reflected back from a 2D barcode and a decoder is used to convert the data obtained from the 2D barcode image and forward it to computer through a cable.

If cordless barcode reader, this data is transmitted using Bluetooth or Wi-Fi network. 2D barcode reader works by managing a beam of light across a 2-D barcode. The sensor or reader then detects and measures the amount of reflected light. A scanner or a reader transforms this reflected light into a digital signal, which is converted into a meaningful data by a decoder and sent to a computer.

Increasing interest on digitalization of business operations across various industries is the primary factor to drive the 2D barcode reader market. However, higher costs of 2D barcode readers are hindering the growth of the market.

On the basis of connectivity type:

Fixed
Potable

On the basis of Application:

Shopping
Hospitality
E-commerce & Retail
Transportation & logistics
Others

Moreover, the market is classified based on regions and countries as follows:

North America- U.S., Canada
Europe- Germany, U.K., France, Rest of Europe
Asia-Pacific- China, Japan, India, Rest of Asia Pacific
Latin America- Brazil, Mexico, Rest of Latin America
Middle East & Africa- UAE, South Africa, Saudi Arabia, Rest of Middle East & Africa

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Key Benefits of the Report:

*Global, regional, country, propulsion type, and application market size and their forecast from 2019-2026

*Identification and detailed analysis on key market dynamics, such as, drivers, restraints, opportunities, and challenges influencing growth of the market

*Detailed analysis on industry outlook with market specific Porter’s Five Forces analysis, PESTLE analysis, and Value Chain, to better understand the market and build expansion strategies

*Identification of key market players and comprehensively analyze their market share and core competencies, detailed financial positions, key products, and unique selling points

*Analysis on Key players strategic initiatives and competitive developments, such as joint ventures, mergers, and new product launches in the market

Target Audience:

*2D Barcode Reader Manufacturers & Technology Providers

*Traders, Importers, and Exporters

*Raw Material Suppliers and Distributors

*Research and Consulting Firms

*Government and Research Organizations

*Associations and Industry Bodies

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Research Methodology:

The market is derived through extensive use of secondary, primary, in-house research followed by expert validation and third party perspective, such as, analyst reports of investment banks. The secondary research is the primary base of our study wherein we conducted extensive data mining, referring to verified data sources, such as, white papers, government and regulatory published articles, technical journals, trade magazines, and paid data sources.

For forecasting, regional demand & supply factors, recent investments, market dynamics including technical growth scenario, consumer behavior, and end use trends and dynamics, and production capacity were taken into consideration. Different weightages have been assigned to these parameters and quantified their market impacts using the weighted average analysis to derive the market growth rate.

The market estimates and forecasts have been verified through exhaustive primary research with the Key Industry Participants (KIPs), which typically include:

* Manufacturers

* Suppliers

* Distributors

* Government Body & Associations

* Research Institutes

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