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Identification (ID) Barcode Readers In Factory Automation Market Poised for 7.5 % Growth, Set to Hit $2.51 Billion by 2029
Identification (ID) Barcode Readers In Factory Automation
The growing use of image recognition applications is expected to propel the ID barcode reader market in factory automation. Image recognition enables the identification and processing of information encoded in barcode images, enhancing efficiency in production and inventory management. According to a 2022 report by Capital Economics, 5% of UK firms are using computer vision/image recognition technologies. As the use of image recognition grows, so does the demand for ID barcode readers in factory automation.
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What is the projected compound annual growth rate (CAGR) of the identification (id) barcode readers in factory automation market from 2025 to 2034, and what factors influence it?
The ID barcode readers in factory automation market is set to increase from $2.56 billion in 2024 to $2.76 billion in 2025 at a CAGR of 7.9%, driven by improved data integration, mobile compatibility, and adoption across various industries.
The identification (ID) barcode readers in factory automation market is projected to reach $3.69 billion by 2029, growing at a CAGR of 7.5%. The market expansion is fueled by increasing demand for high-speed scanners, regulatory compliance, and precise ID verification in manufacturing. Trends include innovation in barcode technology, tamper-proof ID solutions, compliance assurance, and automation-driven quality control.
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How are the latest trends influencing the growth of the identification (id) barcode readers in factory automation market?
Leading companies in the identification (ID) barcode reader market in factory automation are innovating in barcode technology applications, such as compact industrial 1D code readers, to ensure reliable, high-performance scanning. In January 2024, Datalogic launched the Blade Series, a new line of compact 1D code readers designed for packaging and intralogistics. These readers feature a high-precision camera sensor and advanced lighting, ensuring reliable barcode reading even on damaged or poorly printed labels.
What are the major segments of the identification (id) barcode readers in factory automation market and their role in driving growth?
The identification (ID) barcode readers in factory automation market covered in this report is segmented -
1) By Technology: Quick Response (QR) Or Barcode Recognition, Object Recognition, Facial Recognition, Pattern Recognition, Optical Character Recognition
2) By Offering: Hardware, Software, Services
3) By Deployment: Cloud, On-Premise
4) By Application: Augmented Reality, Scanning And Imaging, Security And Surveillance, Marketing And Advertising, Image Search
5) By End Use: Automobile And Transportation, Banking, Financial Services, And Insurance (BFSI), Government, Healthcare, Information Technology (IT) And Telecom, Media And Entertainment, Retail And E-Commerce, Other End Uses
Subsegments:
1) By Quick Response (QR) Or Barcode Recognition: 1D Barcode Scanners, 2D Barcode Scanners, QR Code Readers
2) By Object Recognition: Object Detection Scanners, Machine Vision Systems for Object Recognition, 3D Object Recognition Technologies
3) By Facial Recognition: Face Scanning Systems For Factory Access, AI-Based Facial Recognition Technology, Multi-Factor Authentication With Facial Recognition
4) By Pattern Recognition: Pattern Matching Algorithms, Optical Pattern Recognition Systems, Barcode And QR Code Pattern Recognition
5) By Optical Character Recognition (OCR): OCR For Barcode Reading, Text Recognition Systems For Factory Automation, Handwritten Text Recognition
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Which regions are key players in the growth of the identification (id) barcode readers in factory automation market?
North America was the largest region in the identification (ID) barcode readers in the factory automation market in 2024. The regions covered in the identification (ID) barcode readers in factory automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the key firms paving the way for growth in the identification (id) barcode readers in factory automation market?
Major companies operating in the identification (ID) barcode readers in factory automation market are Hitachi Ltd., Siemens AG, Qualcomm Technologies Inc., Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Toshiba Corporation, Ricoh Company Ltd., Emerson Electric Co., Rockwell Automation Inc., Keyence Corporation, Omron Electronics LLC, Zebra Technologies, Cognex Corporation, Data Logic S.p.A, Jadak LLC, ECOM Instruments GmbH, Clarifai Inc., Wikitude GmbH, Custom Sensors Inc
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What Is Covered In The Identification (ID) Barcode Readers In Factory Automation Global Market Report?
•Market Size Forecast: Examine the identification (id) barcode readers in factory automation market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the identification (id) barcode readers in factory automation market for a structured understanding.
•Key Players Overview: Analyze major players in the identification (id) barcode readers in factory automation market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the identification (id) barcode readers in factory automation market.
•Segment Contributions: Evaluate how different segments drive overall growth in the identification (id) barcode readers in factory automation market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the identification (id) barcode readers in factory automation market.
•Industry Challenges: Identify potential risks and obstacles affecting the identification (id) barcode readers in factory automation market.
•Competitive Landscape: Review strategic developments in the identification (id) barcode readers in factory automation market, including expansions, agreements, and new product launches.
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