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Automatic Identification & Data Capture Market worth $165.92 billion by 2030, growing at a CAGR of 15.52% - Exclusive Report by 360iResearch
Automatic Identification & Data Capture Market | 360iResearch
The Global Automatic Identification & Data Capture Market to grow from USD 60.42 billion in 2023 to USD 165.92 billion by 2030, at a CAGR of 15.52%.
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Automatic identification & data capture (AIDC) refers to automatically identifying objects, collecting data, and entering that data directly into computer systems without human involvement. AIDC technologies include barcodes, QR codes, radio frequency identification (RFID), and biometric systems. These tools and processes reduce manual entry errors, increase efficiency, and streamline the data capture processes widely utilized in supply chain management, inventory tracking, point-of-sale systems, and information management. The automatic identification & data capture (AIDC) market is experiencing significant growth driven by the rising need for enhanced efficiency and accuracy in supply chain management. Automation's role in boosting productivity and reducing errors in data entry is pivotal for improving business operations. This is further fueled by the expanding eCommerce sector and the requirement for instant data access. Technological advancements, particularly in wireless communications and the proliferation of smart devices, are serving to expand the market's reach. However, the AIDC is encountering challenges, such as the steep initial costs that discourage adoption among small and medium-sized businesses. Opportunities in healthcare, retail, logistics, and manufacturing are abundant, emphasizing traceability and precise inventory control. Integrating AIDC technologies with the Internet of Things (IoT) and cloud-based solutions opens new avenues for innovation. Innovations in barcode, RFID systems, and biometrics offer promising data management and security enhancements.
Market Segmentation & Coverage:
This research report categorizes the Automatic Identification & Data Capture Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Offering, market is studied across Hardware, Services, and Software. The Hardware is further studied across Barcodes, Biometric System, Magnetic Stripe Cards, Optical Character Recognition System, RFID Products, and Smart Cards. The Services is projected to witness significant market share during forecast period.
Based on Vertical, market is studied across Banking & Finance, Government, Healthcare, Manufacturing, Retail, and Transportation & Logistics. The Manufacturing is projected to witness significant market share during forecast period.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.41% in 2023, followed by Europe, Middle East & Africa.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the Automatic Identification & Data Capture Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the Automatic Identification & Data Capture Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the Automatic Identification & Data Capture Market, highlighting leading vendors and their innovative profiles. These include Autoscan technology Pte. Ltd., Avery Dennison Corporation, Canon Inc., CipherLab Co., Ltd., Cognex Corporation, Datalogic SpA, Dell Technologies Inc., HID Global Corporation by Assa Abloy AB, Honeywell International Inc., Hydra S.p.A., Impinj, Inc., NCR Corporation, NEC Corporation, Newland Europe B.V., NXP Semiconductors N.V., Opticon Sensors Europe B.V., Panasonic Corporation, Sato Holdings Corporation, Seiko Epson Corporation, Sick AG, SICK Inc., Synaptics Incorporated, TEKLYNX International, TSC Auto ID Technology Co., Ltd., and Zebra Technologies Corporation.
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Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Automatic Identification & Data Capture Market, by Offering
7. Automatic Identification & Data Capture Market, by Vertical
8. Americas Automatic Identification & Data Capture Market
9. Asia-Pacific Automatic Identification & Data Capture Market
10. Europe, Middle East & Africa Automatic Identification & Data Capture Market
11. Competitive Landscape
12. Competitive Portfolio
13. Appendix
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Automatic Identification & Data Capture Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Automatic Identification & Data Capture Market?
3. What is the competitive strategic window for opportunities in the Automatic Identification & Data Capture Market?
4. What are the technology trends and regulatory frameworks in the Automatic Identification & Data Capture Market?
5. What is the market share of the leading vendors in the Automatic Identification & Data Capture Market?
6. What modes and strategic moves are considered suitable for entering the Automatic Identification & Data Capture Market?
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About 360iResearch
360iResearch is a market research and business consulting company headquartered in India, with clients and focus markets spanning the globe.
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