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2021
Barcode Reader Market

Barcode Reader Market By Type (Portable (Rugged Scanners, PDA Scanners, Automatic Readers, and Others), and Fixed Position (Stationary Scanners, Presentation Scanners, Automatic Readers, and Others)), Technology (Camera Based Reader, Pen Type Reader, Charge Coupled Device Reader, Laser Scanner, Omni Directional Barcode Scanners, RFID Reader, Smart Phone Based Scanner, and Others), Component( Services and Solutions), Application (Error Optimization, Biometrics, Inventory Control and Management, and Others), and Industry Vertical (Defense, Retail, Manufacturing, Aviation, Healthcare, Logistics, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2030

A12426
Pages: NA
Sep 2021 | 238 Views
   
Author(s) : Vijay Poola
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COVID-19

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Barcode Reader Market Outlook - 2030

A barcode reader, also known as a point-of-sale (POS) scanner or a price scanner, is a device that captures and reads data from barcodes. The scanner is made up of a light source, a lens, and a light sensor that converts optical impulses into electrical ones. After delivering a beam of light across the barcode, a barcode scanner counts the amount of light reflected back. The black bars on the barcode will reflect less light than the white areas between them. The scanner finally lights energy into electrical energy, which is then converted into data by the decoder and delivered to a computer.

Barcode scanners assist in the processing of data printed in the form of a barcode on the product's packaging such as product count, manufacturing date, merchant delivery date, and product cost. Retailers across the world use barcode scanners to make inventory and commodity tracking easier. All these factors are assisting the growth of barcode reader market globally.

The global barcode reader market is segmented on the basis of type, technology, component, application, industry vertical and region. Based on type, the market is bifurcated into portable and fixed position. The portable segment is further divided into rugged scanners, PDA scanners, automatic readers, and others. The fixed position segment is also further divided into stationary scanners, presentation scanners, automatic readers, and others. In terms of technology, the market is categorized into camera-based reader, pen type reader, charge coupled device reader, laser scanner, omni directional barcode scanners, RFID reader, smart phone-based scanner, and others. On the basis of component, the market is divided into services and solutions.

On the basis of application, the market is divided into error optimization, biometrics, inventory control and management, and others. In terms of industry vertical, the market is categorized into defense, retail, manufacturing, aviation, healthcare, logistics, and others. Geographically, the market is analyzed across several regions such as North America, Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).

Key players operating in the global barcode reader industry include Scandit AG, Honeywell International Inc., SATO Holdings Corporation, Cognex Corporation, Datalogic S.P.A., Toshiba, TEC Corporation, Unitech, Zebra Technologies Corporation, DENSO Corporation. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global barcode reader market.

Market Scope and Structure Analysis

Report Metric

Details

 Market Size Available for Years

 2020–2030

 Base Year Considered

 2020

 Forecast Period

 2021–2030

 Forecast Unit

 Value (USD)

 Segments Covered

Type, Technology, Component, Application, Industry Vertical and Region

 Regions Covered

North America (U.S., Canada and Mexico), Europe (Germany, UK, France, Italy and the Rest of Europe), Asia-Pacific (China, Japan, India, South Korea and the Rest of Asia-Pacific), and LAMEA (Latin America, Middle East and Africa)

 Companies Covered

Scandit AG, Honeywell International Inc., SATO Holdings Corporation, Cognex Corporation, Datalogic S.P.A., Toshiba, TEC Corporation, Unitech, Zebra Technologies Corporation, DENSO Corporation

 

COVID-19 Impact Analysis

COVID-19 has three major effects on the global economy - directly impacting production and demand, causing supply chain and market disruption, and having a financial impact on businesses and financial markets. The rapid emergence of the COVID-19 pandemic impacted negatively on a variety of businesses. This has a negative impact on the sensor, control, and automation industries in various countries throughout the world.

During the epidemic, capital investments in the automation sector have been slow, and are expected to slow down in the following months and years. The current standstill in industrial manufacturing and production, on the other hand, is expected to serve as a wake-up call for the manufacturing sector to reduce its reliance on human workers. All these factors are posing negative threats to the barcode reader market share.

Top Impacting Factors

The barcode reader market is predicted to grow rapidly due to the development of digital technologies for scanning and analyzing data inventories, particularly in the retail and warehousing industries. Barcode reader is becoming increasingly popular in the retail and warehousing industries due to its cutting-edge features and technical benefits.

In addition, barcode technology is intended to make inventory tracking and supply easier for retailers and warehouses as they can save time and expenses by speeding up the shipping and receiving of goods as well as ensuring a more precise count of what's on hand and can track everything that enters into or out of a warehouse or stockroom by printing and scanning barcodes.

The barcode reader market is predicted to grow as the e-commerce industry grows and increase in the number of online buyers and transactions during the forecast period.

New Product Launches to Flourish the Market

MARK Basic standard range (SR) is a new wearable scanner launched in June 2021 by ProGlove, a Germany-based leading manufacturer of wearable barcode readers. It serves to the demands of businesses with an emphasis on short-range scanning, such as workflow documentation in outgoing activities, including packing, retail inventory, and assembly operations.

In September 2020, Omron Corporation launched V410-H portable barcode reader series which is a versatile, powerful, and simple-to-use solution for a variety of applications. It provides a solution for traceability across industrial manufacturing and beyond, with algorithms that easily capture tough codes such as direct part markings (DPMs) and ultra-compact symbols.

Surge in Usage in Healthcare Sector and Manufacturing Sectors

In the healthcare industry, barcode readers are commonly utilized to offer real-time information about medical supplies, staff, and assets. As a result, demand for barcode reader is increasing all around the world as the healthcare industry expands. QR codes are becoming increasingly popular around the world due to their ability to be scanned rapidly with mobile phones and tablets.

In the coming years, smartphone sales are expected to rise, wireless communication technologies will proliferate, and the e-commerce sector will flourish, all of which are expected to benefit the industry. Barcode readers are becoming increasingly common in the manufacturing and retail industries such as Amazon, Costco Wholesale Corp., Walgreens Boots Alliance Inc. It has become one of the most efficient ways to acquire product information.

Key Segments Covered

Segment

Sub-Segment

 Type

  • Portable
  • Rugged Scanners
  • PDA Scanners
  • Automatic Readers
  • Others
  • Fixed Position
  • Stationary Scanners
  • Presentation Scanners
  • Automatic Readers
  • Others

 Technology

  • Camera Based Reader
  • Pen Type Reader
  • Charge Coupled Device Reader
  • Laser Scanner
  • Omni Directional Barcode Scanners
  • RFID Reader
  • Smart Phone Based Scanner
  • Others

 Components

  • Services
  • Solutions

 Application

  • Error optimization
  • Biometrics
  • Inventory Control and Management
  • Others

 Industry Vertical

  • Defense
  • Retail
  • Manufacturing
  • Aviation
  • Healthcare
  • Logistics
  • Others

 

Key Benefits of the Report

  • This study presents the analytical depiction of the barcode reader market forecast along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the barcode reader market trends.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the barcode reader market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed barcode reader market analysis depending on competitive intensity and how the competition will take shape in the coming years.

Questions Answered in the Barcode Reader Market Report

  • Which are the leading players active in the barcode reader market size?
  • What are the detailed impacts of COVID-19 on the barcode reader market?
  • What current trends will influence the barcode reader market in the next few years?
  • What are the driving factors, restraints, and opportunities in the barcode reader market?
  • What future projections would help in taking further strategic steps?
 
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