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Automatic Identification And Data Capture Market: Key Market Developments and Innovations in 2023-2032| Honeywell International Inc., Zebra Technologies Corporation, Datalogic SpA, Cognex Corporation, Sick AG
Automatic Identification And Data Capture Market Share
The Business Research Company's Automatic Identification And Data Capture Global Market Report 2023 identifies The rise in the utilization of smartphones for image recognition as the major driver for the automatic identification And Data Capture market's growth in the forecast period. For instance, according to a report published by The GSM Association, a UK-based trade association that advocates for mobile network operators globally, mobile service subscribers rose to 5.5 billion in 2022. That percentage is anticipated to reach 70% by 2025. Thus, the rise in the utilization of smartphones for image recognition will drive the automatic identification and data capture market.
The global automatic identification and data capture market size is expected to grow from $51.44 billion in 2022 to $59.56 billion in 2023 at a compound annual growth rate (CAGR) of 15.78%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automatic identification and data capture market is expected to reach $101.83 billion in 2027 at a CAGR of 14.35%.
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Major competitors in the automatic identification And Data Capture market are Honeywell International Inc., Zebra Technologies Corporation, Datalogic SpA, Cognex Corporation, Sick AG, Panasonic Holdings Corporation, TSC Auto ID Technology Co Ltd., Alien Technology Corporation, Bluebird Inc., CardLogix Corporation, Impinj Inc., Opticon Sensors Europe BV, Avery Dennison Corporation, Newland EMEA, Seagull Scientific Inc., Brady Corporation, Axicon Auto ID Limited, OMRON Corporation and Unitech Electronics Co Ltd.
A key trend in the automatic identification And Data Capture market includes The partnership. Major players in the market are entering into a partnership to leverage each other's resources and expand in new markets. For instance, in May 2022, CipherLab, a US-based manufacturer of Automatic Identification and Data Capture/Collection products and systems, partnered with SATO. Through this partnership, CipherLab will leverage the integrated picking and checking system solutions that will help boost logistical performance and improve warehouse and product management efficiency. SATO is a US-based company providing integrated labelling and auto-identification solutions. Moreover, in December 2021, Intek and Minerva, SencorpWhite businesses, a US-based manufacturing company, partnered with CipherLab. Through this partnership, each organisation can provide warehouse and manufacturing companies with a broader range of software and mobile solutions. CipherLab is a US-based manufacturer of Automatic Identification and Data Capture/Collection products and systems.
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The automatic identification And Data Capture market is segmented -
• By Offering: Hardware, Solutions, Services
• By Product: Scanner And Readers, Biometric Scanners, Printer And Recorders, Other Products:
• By Technology: Biometrics, Radio Frequency Identification (RFID), Smart Cards, Optical Character Recognition (OCR), Other Technologies
• By Industry Vertical: BFSI, Manufacturing, Retail, Transportation And Logistics, Hospitality, Healthcare, Government, Other Industries
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the automatic identification And Data Capture market.
The Business Research Company's "Global Automatic Identification And Data Capture Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Automatic Identification And Data Capture Market Include:
1. Executive Summary
2. Automatic Identification And Data Capture Market Characteristics
3. Automatic Identification And Data Capture Market Trends And Strategies
4. Automatic Identification And Data Capture Market - Macro Economic Scenario
5. Automatic Identification And Data Capture Market Size And Growth
……
26. Africa Automatic Identification And Data Capture Market
27. Automatic Identification And Data Capture Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Automatic Identification And Data Capture Market
29. Automatic Identification And Data Capture Market Future Outlook and Potential Analysis
30. Appendix
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