Global Barcode Readers Market is valued approximately USD XXX billion in 2019 and is anticipated to grow with a healthy growth rate of more than XX % over the forecast period 2020-2027. Barcode Readers is an electronic device that read and captures data from a barcode and transfer output printed barcodes to the connected computer. A barcode reader includes of a decoder, scanner and a cable that is connected to the computer. The connected computer decodes the data taken with the help of a software. In retail and manufacturing sector, barcode technology is gaining traction as it is the best approach for recording product information without any major manual effort. Also, the key players are focusing on strategies such as product launch, innovation and merger & acquisition to sustain themselves amidst fierce competition. In February 2017, Datalogic introduced Power Scan9500 2D image series-Barcode Scanner, especially for the retail marketplace. Growing acceptance of barcodes readers across various industry verticals and high adoption of automatic data capture devices in the retail industry are some major factors, driving the growth of the market. Further, increasing application in supply chain tracking and emergence of industry 4.0 would create lucrative growth aspects for the growth of the market. However, high product development cost of barcode readers is hampering the growth of this market.
The regional analysis of global Barcode Readers market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region due to the subsequent growth in manufacturing activities are necessitating the use of automated warehouses and have hence triggered the demand for barcode readers. Also, digitization of the retail market, particularly in China and India is expected to create positive outlook for the growth of the region. Whereas Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027.
Major market player included in this report are:
Honeywell International Inc.
System ID Barcode Solutions
Denso Wave Incorporated
Zebex Industries Inc
Opticon Sensors Europe B.V
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Manufacturing and Industry
Transportation and Logistics
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Barcode Readers Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers