2D Barcode Reader Market Report 2024: Size, Share, Growth, Trends, Forecast 2033

"The new report published by The Business Research Company, titled 2D Barcode Reader Global Market Report 2024 - Market Size, Trends, And Global Forecast 2024-2033, delivers an in-depth analysis of the leading size and forecasts, investment opportunities, winning strategies, market drivers and trends, competitive landscape, and evolving market trends.

As per the report, the 2d barcode reader market size has grown strongly in recent years. It will grow from $6.85 billion in 2023 to $7.33 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The 2d barcode reader market size is expected to see strong growth in the next few years. It will grow to $9.76 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%.

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E-Commerce And Logistics Boom Fuels Growth In The 2D Barcode Reader Market
The increase in demand in the e-commerce and logistics sectors is expected to propel the growth of the 2D barcode reader market over the coming years. The growing incidence of online shopping is considered one of the driving factors for the growth in the e-commerce and logistics sectors, leading to the deployment of more distribution centers and warehouses and driving the 2D barcode reader industry. The Indian market for e-commerce increased by 36% in 2020 and is expected to reach up to USD 111 billion by 2024, leading to the increasing growth rate of the 2D barcode reader market as well. Therefore, the growing e-commerce and logistics industries drive the 2D barcode reader market.

Rising Demand For Technologically Advanced Reader Systems In The 2D Barcode Reader Market
The development of technologically advanced reader systems across the market is a key trend gaining popularity in the 2D barcode reader market. The various technologically advanced barcode readers implemented across the market are comprised of QR codes, Data Matrix, PDF417, Aztech 2D, machine vision, digital image scanning, RFID, decoding technology, etc. Many companies operating 2D barcode readers are adopting RFID technology. For instance, in December 2021, Denso Wave launched an SP1 scanner with an autopilot function. It is an advancement to the RFID scanner which enables smart devices to turn into high-speed UHF RFID scanners. The addition of autopilot functionality to the RFID scanner allows the scanning to be operated with doubled speed and manage more complex data as well. Furthermore, RGID tags and Near Field Communication (NFC) technology are popular, so demand for 2D barcode scanners is expected to rise.

The 2D barcode reader market covered in this report is segmented -
1) By Reader Type: Cord, Cordless
2) By Application: Warehousing, Logistics, E-Commerce, Factory Automation, Brick and Mortar
3) By End User: Retail, Hospitality, Transportation and logistics, Manufacturing, Healthcare, Others End Users

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Major companies operating in the 2d barcode reader market report are Honeywell International, Inc., Omron Corporation, Keyence Corporation, Cognex Corporation, Datalogic S.p.A., Zebra Technologies Corp., Zebex Industries Inc., Sick AG, Denso Wave Incorporated, Opticon Inc, General Data Co, Unitech Electronics Co. Ltd., Wasp Barcode Technologies, Tencent, Alibaba, INSPIRY, SUNLUX IOT, MINDEO, Argox, CipherLab, Casio Computer Co. Ltd., Denso Corporation, JADAK - A Novanta Company, Juniper Systems Inc., Marson Technology Co. Ltd., Scandit, Sato Holdings Corporation, Jadak, Pooyeh International Networks, BlueStar

Contents of the report:
1. Executive Summary
2. 2D Barcode Reader Market Report Structure
3. 2D Barcode Reader Market Trends And Strategies
4. 2D Barcode Reader Market - Macro Economic Scenario
5. 2D Barcode Reader Market Size And Growth
…..
27. 2D Barcode Reader Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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