Press release
Barcode Scanner Market Research Report: Overview With Geographical Segmentation By Revenue With Forecast 2031
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Future Market Insights (FMI) in its latest report titled “Barcode Scanner Market: Global Industry Analysis and Opportunity Assessment, 2021–2031” reveals that use of barcode technology is rapidly rising in both retail and manufacturing industries. Barcode scanners have become one of the best solutions for recording product information without making any major manual effort.
The technological advantages and cutting-edge features of barcode scanners are also making them popular in the healthcare industry. Barcode technology can help rectify medication errors, medical practitioners and physicians can easily get information about medicines as well as their manufacturing dates.
The report further cites that the global barcode scanners market will account for about US$ 7 Bn by 2031-end. During the same duration, the market is also expected to reflect a CAGR of 6.4% in terms of volume, reaching 38.7 Mn units over 2031-end.
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Competitive Analysis:
This entire process, which is completed within a few seconds, not only increases efficiency but also minimizes errors. This has helped retailers record their products and inventory on shop floors and warehouses. Major retailers such as Walmart, Carrefour, Costco and IKEA put barcodes on all their products. This in turn is driving the growth of the barcode scanner market in North America.
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By Segmentation:
By Product Type
• Portable/Handheld
o Rugged Scanners
o PDA Scanners
o Automatic Readers
o Others
• Fixed Position
o Stationary Scanners
o Presentation Scanners
o Automatic Readers
o Others
By End Use
• Retail & Commercial
• General Manufacturing
• Healthcare
• Logistics & Warehouse
• Commercial Aviation
• Defence
• Others
By Technology
• Pen Type Reader
• Laser Scanner
• CCD (Charge Coupled Device) Readers
• Camera Based Reader
• Omni Directional Barcode Scanner
• Smartphone Based Scanner
• RFID (Radio Frequency Identification Technology
By Region
• North America
• Latin America
• Western Europe
• Eastern Europe
• APEJ
• Japan
• MEA
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Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.
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