Barcode Readers Market Size, Status, Growing Demand and Business Outlook-Honeywell, Datalogic, Symbol Solutions (Motorola), Newland

The Barcode Readers Market report provides the overall structure and business outlook of the global and regional industries. The study also involves the important Achievements of the market, Research & Development, new product launch, product responses, and regional growth of the leading competitors operating in the market on a global and local scale. This study provides information about the growth and revenue during the historic and forecasted period of 2015 to 2026. The structured analysis contains graphical as well as a diagrammatic representation of the global Barcode Readers Market with its specific geographical regions.

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“In 2020, the global Barcode Readers market size was US$ 2349.3 million and it is expected to reach US$ 3243.4 million by the end of 2027, with a CAGR of 4.6% during 2021-2027.”

Top leading Companies Profiled in Barcode Readers Market Report are Honeywell, Datalogic, Symbol Solutions (Motorola), Newland, Cognex, Opticon Sensors, Denso Wave, Microscan, Bluebird, Zebex, CipherLAB,

Industry Recent Developments and Updates

October 21, 2020 New Omron V410-H handheld barcode reader- The Omron V410-H handheld barcode reader family provides a powerful, compact, and easy-to-use solution for a wide range of applications. With algorithms that readily capture challenging codes, including direct part marks (DPMs) and ultra-compact symbols, the family’s three models – the XD, the SR, and the HC – deliver a solution for traceability throughout industrial manufacturing and beyond. The SR model boasts an outstanding read range, while the HC is designed for life science and hospital environments.

July 7, 2021 Code Corporation Launches CodeQR, Secure Smartphone QR Code Reader- Code Corporation, a global leader in barcode scanning and data capture technologies, today announced it has released CodeQR, a safe and secure smartphone QR code reader app that is free for download on the App Store or Google Play.

Regional Analysis

The Asia Pacific dominated the market in 2020 and accounted for a global revenue share of over 40.0%. The growth can be attributed to the growing e-commerce and retail industry in the regional market. The increasing deployment of these barcode readers in shipping activities, logistics activities, and warehousing activities is benefitting in the form of seamless business operations management. The barcode scanners are widely used in the retail shops and Cinema halls.  Moreover in India, the manufacturing facilities have to be operated in limited manpower. Owing to mentioned factors the COVID-19 is expected to restrain the growth of the market during the year 2020.

A barcode reader (or barcode scanner) is an electronic device that can read and output printed barcodes to a computer. It consists of a light source, a lens and a light sensor translating optical impulses into electrical ones.

Datalogic was the global biggest manufacturer in Barcode Readers industry, with the revenue market Share of 23%, followed by Symbol Technologies (Zebra), Honeywell, Cognex, SICK, Newland, NCR, Denso Wave, Code, Microscan, Opticon Sensors, MINDEO, Zebex, CipherLAB, Bluebird, Argox (SATO), SUNLUX IOT.North America is the largest Barcode Readers market with about 27% market share. Asia-Pacific is follower, accounting for about 26% market share.

Market Research Study Focus on these Types:

Optical Imager Barcode Scanners

Laser Barcode Scanners

Market Research Study Focus on these Applications:

1D (Dimensional) Bar Code

2D (Dimensional) Bar Code

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Regional Analysis:

Asia-Pacific (China, India, Japan, South Korea, Australia, Indonesia, Malaysia, and Others), North America (United States, Canada, and Mexico), Central & South America (Brazil, and Rest of South America), Europe (Germany, France, UK, Italy, Russia, and Rest of Europe), Middle East & Africa (GCC Countries, Turkey, Egypt, South Africa and Other)

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Key Takeaways from Barcode Readers Report

─Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level – for product types, end use applications and by different industry verticals

─Understand the different dynamics influencing the Barcode Readers market – key driving factors, challenges and hidden opportunities.

─Get in-depth insights on your competitor performance – Barcode Readers market shares, strategies, financial benchmarking, product benchmarking, SWOT and more

─Analyze the sales and distribution channels across key geographies to improve top-line revenues.

─Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.

─Get a quick outlook on the market entropy – M&A’s, deals, partnerships, product launches of all key players for the past 4 years.

─Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the Barcode Readers

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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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