Global Image Based Barcode Reader Market is valued approximately USD XXX million in 2019 and is anticipated to grow with a healthy growth rate of more than 7.0 % over the forecast period 2020-2027. Image-based barcode readers utilize an area array sensor alike those found in digital cameras to obtain a picture of 1D and 2D barcodes. Then a microprocessor, running special image-processing software, locates and decodes the code before distributing the resulting data across a network. These barcodes are majorly used at shopping malls, grocery stores and retail stores to tag items and ease the process of billings. The increasing shopping malls across the globe drive the demand for Image based barcode readers. Further, growing demand from Online and Offline Shopping propels retailers to use barcode readers for increased revenue and productivity. Moreover, with technological advancements Smart phones can be used as image-based barcode readers and scanners. With these smart phones customers can scan product information, add products into virtual cars and more. As 11 million households in US scanned bar codes and QR codes from a meagre 9 million scans in 2018. The growing penetration of smart phones across the globe escalates the market growth. Further, these barcode readers have utilization in warehouses where automated robots which have embedded barcode readers manage and operate inventories, check products, bad labelling and price discrepancies. As in September 2020, Flensburger Brewery’s Logistics Center adopted Cognex Image based barcode readers for efficient operations. The addition of this barcode reader not only saves time but also enhances safety in congested forklift and truck traffic as these barcode readers are mounted in the container masts which recognizes the pallet label and scans the barcode. However, security concerns impede the growth of the market over the forecast period of 2020-2027.

The regional analysis of global Image Based Barcode Reader market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading/significant region across the world in terms of market share owing to the early adoption of technology and well-established infrastructure. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as increasing penetration of Smart Phones would create lucrative growth prospects for the Image Based Barcode Reader market across Asia-Pacific region.

Major market player included in this report are:
Cognex Corporation
Denso Wave Incorporated
Datalogic S.p.A
Honeywell International Inc.
Keyence Corporation
Toshiba Tec Corporation
ZIH Corp
Wasp Barcode Technologies

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:

By Imaging Type:
1D Image/ Code Scanning
2D Image/ Code Scanning
By Product Type:
Portable/Handheld Scanners
Rugged Scanners
PDA Scanners
Smart Phones
Automatic Readers
Cordless Scanners
Fixed-position Scanners
Stationary Scanners
Presentation Scanners
By End Use:
Retail and Commercial
By Technology:
S mounted lens
C mounted lens
Autofocus / Liquid based lens

By Region:
North America

Asia Pacific
South Korea
Latin America
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 Image Based Barcode Reader Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers