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Unlocking Opportunities in the In-Counter Barcode Scanners Market: 2025-2034 Forecast Report
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shiftsWhat Will the In-Counter Barcode Scanners Industry Market Size Be by 2025?
The market size for in-counter barcode scanners has seen robust growth in the recent past. The growth is projected to increase from $2.3 billion in 2024 to $2.5 billion in 2025, with a compound annual growth rate (CAGR) of 8.7%. The expansion in the historical timeframe owes to factors such as the globalization of supply chains and marketplaces, amalgamation with point-of-sale systems, regulatory adherence, reduced costs, and oversight of inventory.
What's the Long-Term Growth Forecast for the In-Counter Barcode Scanners Market Size Through 2029?
The market size of in-counter barcode scanners is projected to experience significant growth in the coming years, reaching a value of $3.44 billion in 2029 with a compound annual growth rate (CAGR) of 8.3%. The factors fueling this predicted growth during the forecast period include the proliferation of automation within the retail sector, advancements in artificial intelligence and machine learning technologies, rising demand for contactless solutions, amplified emphasis on supply chain resilience, and the broadening scope of omnichannel retail. Foreseen market trends in this period are improved AI decoding, multi-functional in-counter barcode scanners, engagement with sustainability features, superior data analytics, and more customization options.
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What Are the Key Growth Drivers Fueling the In-Counter Barcode Scanners Market Expansion?
The expansion of e-commerce is predicted to catalyze the growth of the market for in-counter barcode scanners. E-commerce is the online business model that enables the trading of goods and services via the Internet. Its escalating penetration can be attributed to convenience, broader internet accessibility, and a shift in consumer preferences towards online shopping. In-counter barcode scanners play a crucial role in receiving and restocking goods, picking and packing orders, and managing shipping, returns, and cycle counts. By ensuring precision and efficiency in these procedures, these scanners assist businesses to optimize their operations and trim down costs. As reported by the United States Census Bureau in February 2024, it was forecasted in 2023 that e-commerce sales would potentially escalate to $1,118.7 billion, symbolizing a 7.6% (±1.2%) increment from 2022, while overall retail sales witnessed a 2.1% (±0.4%) upsurge during the same duration. In 2023, e-commerce sales represented 15.4% of all sales, an increase from 14.7% in 2022. Consequently, the escalating penetration of e-commerce propels the growth of the in-counter barcode scanners market.
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What Are the Key Trends Driving In-Counter Barcode Scanners Market Growth?
Key players in the in-counter barcode scanners market are striving to develop cutting-edge products like AI-aided barcode readers, in an attempt to cement their dominance in the sector. Essentially, an AI-assisted barcode reader indicates a barcode scanning technology that employs artificial intelligence algorithms to boost the precision and speed of barcode identification. For instance, American firm Cognex Corporation, a respected manufacturer of machine vision systems, proclaimed in October 2023, the introduction of the AI-Facilitated Barcode Reader DataMan 380. The DataMan 380 barcode readers are equipped with a CMOS sensor that can achieve a resolution of up to 5320 x 3032, equating to 16.13 MPixels and provide shutter speeds that fluctuate between 15 μs and 200 ms. By using AI-accelerated decoding, these scanners are designed to increase throughput by simultaneously processing 1D and 2D codes, specifically custom-made for machine vision applications in logistics and manufacturing ventures.
How Is the In-Counter Barcode Scanners Market Segmented?
The in-counter barcode scanners market covered in this report is segmented -
1) By Type: One-Dimensional Barcode Scanners, Two-Dimensional Barcode Scanners
2) By Technology: Laser Scanner, Imager, Omni-Directional Scanner
3) By Application: Retail, Healthcare, Transportation And Logistics, Manufacturing, Hospitality, Other Applications
Subsegments:
1) By One-Dimensional (1D) Barcode Scanners: Laser Scanners, CCD (Charge Coupled Device) Scanners
2) By Two-Dimensional (2D) Barcode Scanners: Image-Based Scanners, CMOS (Complementary Metal-Oxide-Semiconductor) Scanners
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Which Companies Are Leading the Charge in In-Counter Barcode Scanners Market Innovation?
Major companies operating in the in-counter barcode scanners market are Honeywell International Inc., Fujitsu Limited, Toshiba Corporation, Seiko Epson Corporation, Motorola Inc., NCR Corporation, Zebra Technologies Corporation, Toshiba TEC Corporation, Casio Computer Co. Ltd., Opticon, SATO Holdings Corporation, Unitech Electronics Co. Ltd., Datalogic S.p.A., Posiflex Technology Inc., TSC Auto ID Technology Co. Ltd., Newland Auto-ID Tech. Co. Ltd., ZULTEC International Co. Ltd., CipherLab, Janam Technologies LLC, Socket Mobile Inc.
Which Regions Are Leading the Global In-Counter Barcode Scanners Market in Revenue?
North America was the largest region in the in-counter barcode scanners market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the in-counter barcode scanners market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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