2D Barcode Reader Market Size Projected To Reach $10.55 Billion By 2034 With A Cagr Of 8%

The 2D Barcode Reader Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Projected Growth of the 2D Barcode Reader Market?
In recent times, the market size for the 2D barcode reader has shown vigorous growth. The industry, starting from $7.27 billion in 2024, is projected to expand to $7.76 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.7%. Factors like robust economic expansion in developing markets, increasing global population, and a rise in the adoption of barcode scanners in the healthcare sector have significantly contributed to the historical period's growth.

Anticipations point towards a robust growth trajectory for the 2D barcode reader market in the ensuing years, with a predicted escalation to $10.55 billion in 2029, reflecting a compound annual growth rate (CAGR) of 8.0%. Factors contributing to such expansion during the forecasted duration are global population increase and urbanization, swift growth in e-commerce, heightened spending on recreation, surging retail penetration, expanding internet and smartphone usage, and a rising preference for contactless delivery options. Key trends for the forecasted period incorporate the adoption of high-speed, omnidirectional readers, introduction of next-gen barcode scanners, emphasis on technology-advanced reading systems, utilization of AI-powered reading systems, and the development of web-compatible barcode scanners.

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What Are the Different 2D Barcode Reader Market Segments?
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

Subsegments:
1) By Cord: USB Corded Barcode Scanners, Serial Corded Barcode Scanners, Keyboard Wedge Barcode Scanners
2) By Cordless: Bluetooth Barcode Scanners, Wi-Fi Barcode Scanners, RFID Barcode Scanners

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What Are the Primary Drivers Shaping the 2D Barcode Reader Market?
The anticipated growth of the 2D barcode reader market is largely due to the rising demand in the e-commerce and logistics sectors. One key factor driving this increase is the surge in online shopping, which in turn boosts the e-commerce and logistics sectors. As a result, more distribution centers and warehouses get established, further propelling the 2D barcode reader industry. For example, the United States Census Bureau, a government agency in the U.S, reported e-commerce sales for 2023 in the U.S as approximately $1,118.7 billion, showcasing a 7.6% increase from the previous year. Consequently, the expanding e-commerce and logistics sectors are behind the surging 2D barcode reader market.

Which Companies Are Leading in the 2D Barcode Reader Market?
Major companies operating in the 2D barcode reader market include Honeywell InternationalInc., 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, Juniper Systems Inc., Marson Technology Co. Ltd., Scandit, Sato Holdings Corporation, Jadak, Pooyeh International Networks, BlueStar

What Are the Major Trends Shaping the 2D Barcode Reader Market?
Leaders in the 2D barcode reader industry are prioritizing the creation of innovative products such as application programming interface (API) solutions to improve integration and overall functionality across different systems and applications. These API solutions allow companies to effortlessly integrate their barcode scanning abilities with other software, enhancing data transfer, inventory control, and overall operation effectiveness. For example, in February 2024, Bitly, a software-as-a-service company based in the U.S, introduced an automated 2D barcode API solution. This is a programming interface that allows developers to rapidly create and manage 2D barcodes, like QR codes, with customization and tracking abilities. An automated 2D barcode API solution's features comprise automated generation, customization features, data tracking, smooth integration with pre-existing systems, compatibility with multiple barcode formats, an intuitive interface, and secure data access for data security.

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What Are the Top Revenue-Generating Geographies in the 2D Barcode Reader Market?
Asia-Pacific was the largest region in the 2D Barcode Reader market in 2024. The regions covered in the 2D barcode reader market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the 2D Barcode Reader Market?
2. What is the CAGR expected in the 2D Barcode Reader Market?
3. What Are the Key Innovations Transforming the 2D Barcode Reader Industry?
4. Which Region Is Leading the 2D Barcode Reader Market?

Why This Report Matters:

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Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

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