Automatic Identification and Data Capture Market Size, Share, Business Opportunities And Forecast 2029

Automatic Identification and Data Capture Market revenue is expected to grow by 15.2% from 2023 to 2029, reaching nearly USD 143.64 Bn.

Automatic Identification and Data Capture Market Report Scope and Research Methodology

Report Scope:

Automatic Identification and Data Capture (AIDC) technology has evolved into a pervasive societal innovation. This technology finds applications across diverse domains, including material flow systems, libraries, logistics, industry, and wherever precise tracking of items is essential during their movement. AIDC offers precise insights into the storage and movement of specific goods. This data plays a pivotal role in controlling item-specific functions and automating the analysis of an item's status, enabling data-driven decision-making.

The research is based on extensive research and analysis, incorporating inputs from industry experts, government agencies, and market participants, providing a reliable and accurate assessment of the market dynamics and future trends.

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What are Automatic Identification and Data Capture Market Dynamics?

Market Drivers:

1. Growing Demand Across End-Use Industries

Automatic Identification and Data Capture (AIDC) provides an array of advantages, such as cost reduction in manual data entry, error prevention in data collection and identification, acceleration of data collection, and streamlined inventory management. These benefits have led to widespread adoption across various industries. AIDC effectively monitors intricate supply chains, enhances quality control, and simplifies inventory tracking while reducing manual labor. This results in the production of high-quality goods and the reallocation of resources to more productive tasks, thereby fostering market revenue growth.

2. Rapid Rise in the Global E-Commerce Sector

AIDC systems, including barcoding solutions, wearables, and radio frequency identification (RFID) solutions, play a pivotal role in the e-commerce and warehouse management sectors. They enable automatic identification, data collection with high precision, and electronic data entry into computer systems. AIDC technology contributes to increasing overall productivity and operational efficiency by tracking inventory, accounting, human resources, and general procedures. These technologies, including barcode scanners, RFID tags, and voice recognition, are instrumental in inventory, asset, and workflow management, order fulfillment, and the reduction of queue and transaction times in the e-commerce and warehouse management sectors.

Automatic Identification and Data Capture Market Segmentation?

Biometric Systems: In 2022, the Biometric Systems segment dominated the market, driven by the increasing demand for biometric scanners across various end-user industries. Biometric equipment finds applications in various fields, including forensics, automobiles, and mobile payments, contributing to the segment's revenue growth. Biometrics are crucial in enhancing national security, further boosting the demand for biometric scanners.

RFID Systems: The RFID Systems segment is anticipated to witness rapid growth due to the cost-effectiveness of radio frequency identification (RFID) technology. RFID is increasingly replacing barcodes, reducing human intervention in routine processes. The adoption of RFID tags, which are recognized automatically by radio antennas, is rising, particularly in libraries and e-commerce.

Barcode Systems: Barcode systems are widely used to store and retrieve extensive data about products. They have applications in various industries, including healthcare, retail, and logistics. Two-dimensional barcodes enable the inclusion of web URLs, text, or other data in a camera-readable format, offering convenience to consumers.

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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)

Table of content for the Automatic Identification and Data Capture Market includes:

Part 01: Executive Summary

Part 02: Scope of the Automatic Identification and Data Capture Market Report

Part 03: Global Automatic Identification and Data Capture Market Landscape

Part 04: Global Automatic Identification and Data Capture Market Sizing

Part 05: Global Automatic Identification and Data Capture Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

APAC: The Asia-Pacific region led the market in 2022, with a CAGR of 15.1% projected for the forecast period. The region is witnessing substantial growth in barcode, RFID, and biometric technology across diverse industries, driven by increased awareness, government initiatives, and the burgeoning middle class's spending power. Key players like Panasonic, SATO, and Toshiba are contributing to the growth of the AIDC market in APAC.

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