2D Barcode Reader Market : Projection of Each Major Segment over the Forecast Period

A two-dimensional (2D) barcode reader is a stationary or hand-held electronic device which can be used to capture and read the information encoded in the two-dimensional (2D) barcodes. Basically, a 2D barcode reader components include, a scanner or a reader, a sensor, a decoder and a cable. A scanner or a reader is used to capture a 2D barcode image. A sensor is used to detect the light, which is reflected back from a 2D barcode and a decoder is used to translate the data obtained from the 2D barcode image and forward it to computer through a cable.

A 2D barcode reader market is anticipated to grow due to various factors including increasing use of 2D barcodes across various industries, the capacity of a 2D barcode to have more information including quantity, price, image or web addresses and the ability of a 2D barcode reader to scan or read both 1D and 2D barcodes. Various businesses wanting to make a significant impact on customers are using 2D barcode readers.

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The factors expected to restrain the growth of a 2D barcode reader market is the higher cost of a 2D barcode reader. The 2D barcode readers are generally more expensive than the available one-dimensional (1D) barcode readers due to the advanced and innovative technology. However, the price gap is moving back at a faster rate due to advent of new affordable 2D barcode readers in the market.

Improved mobility and a wireless connectivity of a 2D barcode reader are expected to create novel opportunities for a 2D barcode reader market.

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Geographically a 2D barcode reader market is segmented into North America, Europe, Middle East & Africa, Asia-pacific and South America. North America & Europe regions are expected to lead the 2D barcode reader market due to the increasing investment in 2D barcode reader related technology by prominent companies. However, Asia-Pacific is expected to grow significantly due to the high adoption of 2D barcodes by various retailers across the region.

Some of the key players in the 2D barcode reader market are Zebra Technologies, Microscan Systems Inc., Wasp Barcode Technologies, Honeywell International Inc., KEYENCE CORPORATION, Motorola solutions, Cognex Corporation, Datalogic, Bluebird Inc, Opticon Inc. and more

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