2d Barcode Reader
PUBLISHED: 2024 ID: SMRC26283
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2d Barcode Reader

2D Barcode Reader Market Forecasts to 2030 - Global Analysis By Product Type (Handheld, Wearable, Fixed, Mobile Computer and Other Product Types), Connectivity, Component, Distribution Channel, Technology, End User and By Geography

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4.1 (92 reviews)
Published: 2024 ID: SMRC26283

This report covers the impact of COVID-19 on this global market
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"According to Stratistics MRC, the Global 2D Barcode Reader Market is accounted for $9.2 billion in 2024 and is expected to reach $17.0 billion by 2030 growing at a CAGR of 10.8% during the forecast period. A 2D barcode reader is a device or software application designed to scan and interpret two-dimensional barcodes. Unlike traditional 1D barcodes, which only contain horizontal lines and spaces, 2D barcodes can store information both horizontally and vertically, allowing them to hold much more data. Common types of 2D barcodes include QR codes, Data Matrix codes, and PDF417 codes. 2D barcode readers use optical scanning technology to capture the pattern of squares, dots, or other geometric shapes within the barcode and then decode this pattern into meaningful information such as text, numbers, or website URLs.

Market Dynamics: 

Driver: 

Growing adoption of e-commerce

In the market, smartphone-based applications are driving innovation with their convenience and versatility. These apps leverage the powerful cameras of modern smartphones to scan various types of barcodes effortlessly. With features like real-time scanning, batch scanning, and compatibility with different barcode formats, they cater to diverse user needs. Additionally, integration with cloud services and backend systems enhances their utility across industries like retail, logistics, and healthcare, fostering seamless data capture and management.

Restraint:

Development of smartphone-based applications to scan barcodes

As smartphone-based applications continue to evolve, challenges arise in the market. One major hurdle is ensuring compatibility across various devices and operating systems while maintaining high performance and accuracy. Additionally, addressing security concerns such as data privacy and preventing unauthorized access becomes paramount. Moreover, optimizing the user experience for seamless scanning in different environments and lighting conditions poses another significant challenge.

Opportunity:

Popularity of contactless payment methods

Contactless payment methods have surged in popularity within the market, becoming a preferred choice for consumers and businesses alike. With the convenience and speed they offer, contactless payments have revolutionized transactions, especially in retail and service industries. This trend is fueled by advancements in technology, heightened security features, and the increasing adoption of mobile payment solutions. As a result, contactless payment methods have become integral to the growth and evolution of the 2D Barcode Reader market.

Threat:

High initial investment costs

The market presents a challenge with its high initial investment costs. Establishing infrastructure, including hardware and software systems, requires significant capital. Additionally, integrating these systems into existing operations entails further expenses in training and compatibility adjustments. Such investments can be a deterrent for businesses, especially smaller ones, impacting their adoption of 2D barcode technologies despite their potential benefits in efficiency and data management.

Covid-19 Impact:
 
The COVID-19 pandemic significantly impacted the 2D Barcode Reader market, with both positive and negative effects. On one hand, increased awareness of hygiene and contactless transactions drove demand for barcode readers in retail, healthcare, and logistics sectors. On the other hand, supply chain disruptions and economic uncertainties led to a slowdown in purchasing decisions, affecting market growth. Additionally, the shift towards remote work also influenced demand patterns.

The wearable segment is expected to be the largest during the forecast period

The wearable is expected to be the largest during the forecast period due to its convenience and versatility across various industries. With advancements in technology, these devices offer enhanced mobility and hands-free operation, catering to sectors like retail, logistics, healthcare, and manufacturing. Features such as real-time data capture and seamless integration with existing systems make them indispensable tools for inventory management, asset tracking, and point-of-sale applications.

The healthcare segment is expected to have the highest CAGR during the forecast period

The healthcare segment is expected to have the highest CAGR during the forecast period. These readers enhance medication administration processes, enabling healthcare professionals to accurately track medications and patient information. They streamline inventory management, reducing errors and improving workflow efficiency. Additionally, 2D barcode readers facilitate compliance with regulatory standards by ensuring the integrity of pharmaceutical products. As the demand for patient safety and operational efficiency rises, the healthcare industry continues to integrate 2D barcode readers as essential tools in its operations.

Region with largest share:

North America is projected to hold the largest market share during the forecast period. Technological advancements, including enhanced scanning capabilities and integration with mobile devices, are fueling market expansion. Additionally, the growing need for efficient inventory management and traceability solutions further boosts demand. Key players in the region are focusing on product innovation and strategic partnerships to capitalize on the expanding market opportunities and gain a competitive edge.

Region with highest CAGR:

Asia Pacific is projected to hold the highest CAGR over the forecast period driven by increasing adoption across various industries such as retail, healthcare, and transportation. Countries in the region, such as China, India, Japan, South Korea, and Taiwan, are undergoing rapid industrialization and urbanization. This has led to an increased adoption of automation and digitalization across various industries, driving the demand for 2D barcode readers in manufacturing, logistics, retail, healthcare, and other sectors. Additionally, the integration of advanced features like image recognition and augmented reality is expanding the potential use cases for 2D barcode readers.

Key players in the market

Some of the key players in 2D Barcode Reader market include Cognex Corporation, Omron Microscan Systems, Inc., Keyence Corporation, SATO Holdings Corporation, Datalogic S.p.A., Toshiba TEC Corporation, Panasonic Corporation, Honeywell International, Inc, SICK AG, Denso Wave Incorporated, Motorola Solutions, Inc., Zebra Technologies Corp , Juniper Systems, Inc and Unitech Electronics Co., Ltd.

Key Developments:

In March 2024, Cognex Corporation, the leader in industrial machine vision, introduced the 380 Modular Vision Tunnel, a new addition to the Modular Vision Tunnel portfolio, featuring the powerful DataMan® 380 barcode reader.

In October 2023, Cognex Corporation launched the DataMan 380 series of fixed-mount, image-based barcode readers. The DataMan 380 barcode readers are equipped with a CMOS sensor and have up to 5320 x 3032, 16.13 MPixel resolution.

Product Type Covered:
• Handheld
• Wearable
• Fixed 
• Mobile Computer
• Other Product Types

Connectivity Covered:
• Wired Connectivity
• Wireless Connectivity

Components Covered:
• Hardware
• Software
• Services

Distribution Channels Covered:
• Direct Sales
• Online Retailers
• Distributors
• Value-Added Resellers

Technologies Covered:
• Omnidirectional Scanners
• Augmented Reality (AR) Scanners
• Laser Scanners
• Internet of Things (IoT)-Enabled Scanners
• Imaging Scanners
• Other Technologies

Applications Covered:
• Warehousing
• Retail
• Healthcare
• Logistics and Transportation
• Hospitality and Entertainment
• Aerospace and Defense
• E-commerce
• Other Applications 

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

"1 Executive Summary       
         
2 Preface        
 2.1 Abstract       
 2.2 Stake Holders      
 2.3 Research Scope      
 2.4 Research Methodology     
  2.4.1 Data Mining     
  2.4.2 Data Analysis     
  2.4.3 Data Validation     
  2.4.4 Research Approach     
 2.5 Research Sources      
  2.5.1 Primary Research Sources    
  2.5.2 Secondary Research Sources    
  2.5.3 Assumptions     
         
3 Market Trend Analysis      
 3.1 Introduction      
 3.2 Drivers       
 3.3 Restraints      
 3.4 Opportunities      
 3.5 Threats       
 3.6 Product Analysis      
 3.7 Twchnology Analysis     
 3.8 End User Analysis      
 3.9 Emerging Markets      
 3.10 Impact of Covid-19      
         
4 Porters Five Force Analysis      
 4.1 Bargaining power of suppliers     
 4.2 Bargaining power of buyers     
 4.3 Threat of substitutes     
 4.4 Threat of new entrants     
 4.5 Competitive rivalry      
         
5 Global 2D Barcode Reader Market, By Product Type   
 5.1 Introduction      
 5.2 Handheld      
 5.3 Wearable      
 5.4 Fixed        
 5.5 Mobile Computer      
 5.6 Other Product Types     
         
6 Global 2D Barcode Reader Market, By Connectivity    
 6.1 Introduction      
 6.2 Wired Connectivity      
  6.2.1 USB      
  6.2.2 RS-232      
  6.2.3 Ethernet      
 6.3 Wireless Connectivity     
  6.3.1 Bluetooth     
  6.3.2 Wi-Fi      
  6.3.3 Radio Frequency Identification (RFID)   
         
7 Global 2D Barcode Reader Market, By Component     
 7.1 Introduction      
 7.2 Hardware      
  7.2.1 Sensors and Cameras    
  7.2.2 Optics and Lasers     
  7.2.3 Communication Modules    
  7.2.4 Processors and Decoders    
 7.3 Software       
  7.3.1 Device Management Software    
  7.3.2 Data Management Software    
  7.3.3 Integration Software    
  7.3.4 Security Software     
 7.4 Services       
  7.4.1 Installation and Integration Services   
  7.4.2 Training and Education Services   
  7.4.3 Consulting Services     
         
8 Global 2D Barcode Reader Market, By Distribution Channel    
 8.1 Introduction      
 8.2 Direct Sales      
 8.3 Online Retailers      
 8.4 Distributors      
 8.5 Value-Added Resellers     
         
9 Global 2D Barcode Reader Market, By Technology     
 9.1 Introduction      
 9.2 Omnidirectional Scanners     
 9.3 Augmented Reality (AR) Scanners    
 9.4 Laser Scanners      
 9.5 Internet of Things (IoT)-Enabled Scanners   
 9.6 Imaging Scanners      
 9.7 Other Technologies      
         
10 Global 2D Barcode Reader Market, By Application    
 10.1 Introduction      
 10.2 Warehousing      
 10.3 Retail       
 10.4 Healthcare      
 10.5 Logistics and Transportation     
 10.6 Hospitality and Entertainment     
 10.7 Aerospace and Defense     
 10.8 E-commerce      
 10.9 Other Applications      
         
11 Global 2D Barcode Reader Market, By Geography    
 11.1 Introduction      
 11.2 North America      
  11.2.1 US      
  11.2.2 Canada      
  11.2.3 Mexico      
 11.3 Europe       
  11.3.1 Germany      
  11.3.2 UK      
  11.3.3 Italy      
  11.3.4 France      
  11.3.5 Spain      
  11.3.6 Rest of Europe     
 11.4 Asia Pacific      
  11.4.1 Japan      
  11.4.2 China      
  11.4.3 India      
  11.4.4 Australia      
  11.4.5 New Zealand     
  11.4.6 South Korea     
  11.4.7 Rest of Asia Pacific     
 11.5 South America      
  11.5.1 Argentina     
  11.5.2 Brazil      
  11.5.3 Chile      
  11.5.4 Rest of South America    
 11.6 Middle East & Africa     
  11.6.1 Saudi Arabia     
  11.6.2 UAE      
  11.6.3 Qatar      
  11.6.4 South Africa     
  11.6.5 Rest of Middle East & Africa    
         
12 Key Developments       
 12.1 Agreements, Partnerships, Collaborations and Joint Ventures  
 12.2 Acquisitions & Mergers     
 12.3 New Product Launch     
 12.4 Expansions      
 12.5 Other Key Strategies     
         
13 Company Profiling       
 13.1 Cognex Corporation        
 13.2 Omron Microscan Systems, Inc.    
 13.3 Keyence Corporation     
 13.4 SATO Holdings Corporation     
 13.5 Datalogic S.p.A.      
 13.6 Toshiba TEC Corporation     
 13.7 Panasonic Corporation     
 13.8 Honeywell International, Inc         
 13.9 SICK AG       
 13.10 Denso Wave Incorporated     
 13.11 Motorola Solutions, Inc.         
 13.12 Zebra Technologies Corp      
 13.13 Juniper Systems, Inc     
 13.14 Unitech Electronics Co., Ltd.     
         
List of Tables        
1 Global 2D Barcode Reader Market Outlook, By Region (2022-2030) ($MN)  
2 Global 2D Barcode Reader Market Outlook, By Product Type(2022-2030) ($MN) 
3 Global 2D Barcode Reader Market Outlook, By Handheld (2022-2030) ($MN) 
4 Global 2D Barcode Reader Market Outlook, By Wearable (2022-2030) ($MN) 
5 Global 2D Barcode Reader Market Outlook, By Fixed  (2022-2030) ($MN)  
6 Global 2D Barcode Reader Market Outlook, By Mobile Computer (2022-2030) ($MN)
7 Global 2D Barcode Reader Market Outlook, By Other Product Types (2022-2030) ($MN)
8 Global 2D Barcode Reader Market Outlook, By Connectivity (2022-2030) ($MN) 
9 Global 2D Barcode Reader Market Outlook, By Wired Connectivity (2022-2030) ($MN)
10 Global 2D Barcode Reader Market Outlook, By USB (2022-2030) ($MN)  
11 Global 2D Barcode Reader Market Outlook, By RS-232 (2022-2030) ($MN)  
12 Global 2D Barcode Reader Market Outlook, By Ethernet (2022-2030) ($MN) 
13 Global 2D Barcode Reader Market Outlook, By Wireless Connectivity (2022-2030) ($MN)
14 Global 2D Barcode Reader Market Outlook, By Bluetooth (2022-2030) ($MN) 
15 Global 2D Barcode Reader Market Outlook, By Wi-Fi (2022-2030) ($MN)  
16 Global 2D Barcode Reader Market Outlook, By Radio Frequency Identification (RFID) (2022-2030) ($MN)
17 Global 2D Barcode Reader Market Outlook, By Component  (2022-2030) ($MN) 
18 Global 2D Barcode Reader Market Outlook, By Hardware (2022-2030) ($MN) 
19 Global 2D Barcode Reader Market Outlook, By Sensors and Cameras (2022-2030) ($MN)
20 Global 2D Barcode Reader Market Outlook, By Optics and Lasers (2022-2030) ($MN) 
21 Global 2D Barcode Reader Market Outlook, By Communication Modules (2022-2030) ($MN)
22 Global 2D Barcode Reader Market Outlook, By Processors and Decoders (2022-2030) ($MN)
23 Global 2D Barcode Reader Market Outlook, By Software (2022-2030) ($MN) 
24 Global 2D Barcode Reader Market Outlook, By Device Management Software (2022-2030) ($MN)
25 Global 2D Barcode Reader Market Outlook, By Data Management Software (2022-2030) ($MN)
26 Global 2D Barcode Reader Market Outlook, By Integration Software (2022-2030) ($MN)
27 Global 2D Barcode Reader Market Outlook, By Security Software (2022-2030) ($MN)
28 Global 2D Barcode Reader Market Outlook, By Services (2022-2030) ($MN) 
29 Global 2D Barcode Reader Market Outlook, By Installation and Integration Services (2022-2030) ($MN)
30 Global 2D Barcode Reader Market Outlook, By Training and Education Services (2022-2030) ($MN)
31 Global 2D Barcode Reader Market Outlook, By Consulting Services (2022-2030) ($MN)
32 Global 2D Barcode Reader Market Outlook, By Distribution Channel  (2022-2030) ($MN)
33 Global 2D Barcode Reader Market Outlook, By Direct Sales (2022-2030) ($MN) 
34 Global 2D Barcode Reader Market Outlook, By Online Retailers (2022-2030) ($MN) 
35 Global 2D Barcode Reader Market Outlook, By Distributors (2022-2030) ($MN) 
36 Global 2D Barcode Reader Market Outlook, By Value-Added Resellers (2022-2030) ($MN)
37 Global 2D Barcode Reader Market Outlook, By Technology  (2022-2030) ($MN) 
38 Global 2D Barcode Reader Market Outlook, By Omnidirectional Scanners (2022-2030) ($MN)
39 Global 2D Barcode Reader Market Outlook, By Augmented Reality (AR) Scanners (2022-2030) ($MN)
40 Global 2D Barcode Reader Market Outlook, By Laser Scanners (2022-2030) ($MN) 
41 Global 2D Barcode Reader Market Outlook, By Internet of Things (IoT)-Enabled Scanners (2022-2030) ($MN)
42 Global 2D Barcode Reader Market Outlook, By Imaging Scanners (2022-2030) ($MN) 
43 Global 2D Barcode Reader Market Outlook, By Other Technologies (2022-2030) ($MN)
44 Global 2D Barcode Reader Market Outlook, By Application (2022-2030) ($MN) 
45 Global 2D Barcode Reader Market Outlook, By Warehousing (2022-2030) ($MN) 
46 Global 2D Barcode Reader Market Outlook, By Retail (2022-2030) ($MN)  
47 Global 2D Barcode Reader Market Outlook, By Healthcare (2022-2030) ($MN) 
48 Global 2D Barcode Reader Market Outlook, By Logistics and Transportation (2022-2030) ($MN)
49 Global 2D Barcode Reader Market Outlook, By Hospitality and Entertainment (2022-2030) ($MN)
50 Global 2D Barcode Reader Market Outlook, By Aerospace and Defense (2022-2030) ($MN)
51 Global 2D Barcode Reader Market Outlook, By E-commerce (2022-2030) ($MN) 
52 Global 2D Barcode Reader Market Outlook, By Other Applications (2022-2030) ($MN)
         
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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