Press release
Automatic Identification and Data Capture Market to Reach USD 143.64 Bn by 2029, emerging at a CAGR of 15.2 percent and forecast 2023-2029
Automatic Identification and Data Capture Market Report Scope:This report offers an in-depth analysis of the automatic identification and data capture market, exploring the market's transformative trends, influences, and technology advancements that are shaping its trajectory.
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Automatic Identification and Data Capture Market Research Methodology:
Our report employs a rigorous research methodology that involves intricate data analysis to provide valuable insights for industry stakeholders and decision-makers.
What are Automatic Identification and Data Capture Market Dynamics:
The market's growth is fueled by its ability to significantly improve operational efficiency, offer a competitive edge, and prevent data entry errors. AIDC solutions are instrumental in optimizing supply chain management, enhancing product quality, and facilitating inventory monitoring, reducing the burden of human labor, and yielding high-quality results.
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What is Automatic Identification and Data Capture Market Segmentation:
by Product
1. Smart Cards
2. RFID Systems
3. Barcoding Solutions
4. Biometric Systems
5. Magnetic Stripe Cards
6. Optical Character Recognition (OCR) Systems
7. Voice-Directed WMS
8. Heads-Up Displays
9. Wearables
10. VR Solutions
11. Google Glass
by Offerings
1. Hardware
2. Software
3. Services
by Vertical
1. Manufacturing
2. Retail
3. Transportation & Logistics
4. Hospitality
5. Banking & Finance
6. Healthcare
7. Government
8. Commercial
9. Energy & Power
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Who are Automatic Identification and Data Capture Market Key Players:
1. JADAK Tech (US)
2. Code Corporation (US)
3. IMPINJ Inc. (US)
4. Avery Dennison Corporation (US)
5. Cognex Corporation (US)
6. Zebra Technologies (US)
7. Honeywell International (US)
8. Allien Technology Corporation (US)
9. Epson America Inc. (US)
10. Urovo Technology (China)
11. Shandong New Beiyang (China)
12. Toshiba Tec Corporation (Japan)
13. Denso Wave (Japan)
14. Keyence (Japan)
15. Panasonic (Japan)
16. NEC Corporation (Japan)
17. SATO Worldwide (Japan)
18. Vitronic (Germany)
19. cab Produkttechnik GmbH (Germany)
20. SICK AG (Germany)
21. Opticon Sensors Europe B.V. (Netherlands)
22. Newland Europe BV (Netherlands)
23. NXP Semiconductors (Netherlands)
24. Godex International (Taiwan)
25. TSC Auto ID Technology Co., Ltd. (Taiwan)
26. Unitech Electronics Co. Ltd (Taiwan)
27. Datalogic S.p.A (Italy)
28. Bluebird Inc. (South Korea)
29. Better Online Solutions Ltd. (Israel)
30. Axicon Auto ID Ltd. (UK)
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Table of content for the Automatic Identification and Data Capture Market includes:
Automatic Identification and Data Capture Market : Research Methodology
Automatic Identification and Data Capture Market : Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3. Automatic Identification and Data Capture Market : Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4.Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Automatic Identification and Data Capture Market Regional Insights:
The APAC region dominated the AIDC market with the highest revenue share in 2022. It is anticipated to continue its growth trajectory with a remarkable CAGR of 15.1% during the forecast period. The increasing presence of retail and logistics companies, attracted by the burgeoning middle-class consumer base, bolsters the region's AIDC market. The presence of key players, including Panasonic (Japan), SATO (Japan), Toshiba (Japan), Godex (Taiwan), and Optoelectronics (Japan), is expected to bolster the market's growth.
The Asia-Pacific region is witnessing significant growth in barcode, RFID, and biometric technology across diverse sectors like retail, manufacturing, transportation & logistics, healthcare, and BFSI. The growth is attributed to heightened awareness and adoption of AIDC devices, reinforced by government regulations and investments, primarily in retail, healthcare, and manufacturing sectors. These factors contribute to the technological advancement of multiple industries in the region.
North America is projected to maintain its second position in terms of market share at the end of the forecast period. This is attributed to robust government regulations and investments, especially in the retail, healthcare, and industrial sectors, along with a heightened awareness and acceptance of AIDC devices. The regional market is also buoyed by the widespread embrace of modern technology and the technical advancement across multiple sectors, driving growth.
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Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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