Press release
Industrial Barcode Scanners Market Projected to grow at a CAGR of 8.3% Between 2022 and 2032
Industrial Barcode Scanners Market
The industrial barcode scanner market is anticipated to reach US$3,451.0 Million in 2022. Due to rising automation in retail establishments and the manufacturing sector, as well as industry takeover by digitization and the undeniable rise of e-commerce, the overall demand for industrial barcode scanners is predicted to grow at a CAGR of 8.3 percent between 2022 and 2032, reaching a total of roughly US$ 7,678.0 Million by 2032.
Moreover, the emergence of e-commerce and intra-regional market is playing an important role in fueling the growth of Industrial Barcode Scanners market. The cutting-edge features of Industrial barcode scanners such as Superior read range, durability, full range area imaging performance and fast time to read are supporting the rapid adoption Industrial barcode scanners in manufacturing and warehousing industries.
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Barcode Scanners which uses high resolution industrial cameras to capture multiple barcodes simultaneously are called Industrial barcode scanners. Today, Industrial barcode scanners have become one of the best solution for recording and managing product information without making any major manual effort.
Rising demand for durable high volume barcode scanning across various industries including manufacturing, retail, and logistics contributes the growth of industrial barcode market.
Industrial Barcode Scanners: Drivers and Challenges
Drivers
Increasing interest on digitalization of business operations across various industries is the primary factor drivers the growth of Industrial barcode scanners market.
Increasing number of multinational logistics service providers in the market is fueling the growth of Industrial barcode scanners market.
Owing to high durability, in industrial sector, 2D barcodes such as Data matrix, QR code and others are being used exponentially and ultimately the preference towards 2D barcodes is increasing the demand of 2D industrial barcode scanners.
Apart from this, the availability of innovative and customized products such as mobile computing devices is playing an important role which is supporting the growth of Industrial barcode scanners market.
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Challenges
The high cost of Industrial barcode scanners is one of the major factor which may hinders the growth of Industrial barcode scanners market.
Moreover, the incompatibility with existing business systems and software is also the factor which may slow down the adoption of Industrial barcode scanners
Industrial Barcode Scanners: Competition Landscape
Key Development
In October 2016, Honeywell International Inc. added "Digimarc Barcode" scanning capabilities to its handheld scanners in order to offer industry leading performance and reliability for wide range of applications.
In April 2016, Zebra Technologies launched its 3600 Ultra-rugged series of scanners. These scanners helps company to enhance durability, scan performance and manageability of industrial verticals such as warehousing, retail and manufacturing
Key Players
The Prominent players in Industrial barcode scanners market are Honeywell International Inc., Zebra Technologies Corporation, Cognex Corporation, SATO Holdings Corporation, Toshiba TEC Corporation,Wasp Barcode Technologies, Datalogic S.P.A, Scandit AG, Juniper Systems and others.
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Industrial Barcode Scanners: Regional Overview
On geographic basis, North America is anticipated to be the largest market for Industrial barcode scanners market due to increasing interest on automation solutions across various industries.
APAC market is expected to be the fastest growing Industrial barcode scanners market due to the rapid industrialization and presence of various key players in countries like China, India, Japan, and South Korea.
Europe and Latin America also offers potential growth opportunities in Industrial barcode scanners market due the rise in digital technologies in this region
Regional analysis for Industrial barcode scanners Market includes development of these systems in the following regions
North America
US & Canada
Latin America
Brazil, Mexico, Others
Western Europe
Germany
France
U.K.
Spain
Italy
Nordic
BENELUX
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific (excluding Japan)
Australia and New Zealand (ANZ)
Greater China
India
ASEAN
Rest of Asia Pacific
Japan
Middle East and Africa
GCC Countries
Other Middle East
North Africa
South Africa
Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
Industrial Barcode Scanners: Segmentation
Segmentation of Industrial barcode scanners on the basis of housing type:
Handheld Scanner
Stationary Scanner
Others
Segmentation of Industrial barcode scanners on the basis of scanning technology:
Linear Imaging
Area Imaging
Omni directional
Segmentation of Industrial barcode scanners on the basis of Industry use:
Manufacturing
Food and Beverages
Retail
Transportation and Logistics
Others
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years
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