2D Barcode Reader - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global 2D Barcode Reader market is accounted for $5.70 billion in 2018 and is expected to reach $10.05 billion by 2027 growing at a CAGR of 6.5% during the forecast period. Increasing adoption rate of 2D barcodes across various industries is driving the growth of the market. However, insufficiency for capital investment to innovate 2D barcodes is restraining the market growth.
2D barcodes permit products to be tracked within the premises as well as at remote locations. However, they can be read only using a barcode reader. As such, a barcode reader happens to be a core factor for decoding and interpreting the data stored in a barcode. The use of 2D barcodes has become widespread as barcode data collection automation is emerging as a smart solution to eliminate human errors and increase productivity.
Based on the product type, the handheld segment is likely to have a huge demand due to handheld 2D barcode readers are turning out to be an ideal choice out of all the designs available. On the basis of geography, Asia Pacific is estimated to have a huge demand during the forecast period due to adoption rate of barcode technology in India is growing at a healthy growth rate making the industry more attractive day by day.
Some of the key players in 2D Barcode Reader Market include Datalogic S.p.A., Juniper Systems, Inc., Denso Wave Incorporated, Cognex Corporation, Omron Microscan Systems, Inc., Casio Computer Co., Ltd., Keyence Corporation, Honeywell International, Inc., General Data Company Inc., Marson Technology Co., Ltd., SATO Holdings Corporation, SICK AG, JADAK, a Novanta Company, Scandit AG, Unitech Electronics Co., LTD., and Zebra Technologies Corp.
• Data Matrix Code
• QR Codes
• Aztech 2D Barcodes
Product Types Covered:
• Camera-Based Reader
• Laser Scanner
• Radio Frequency Identification Reader (RFID) Scanner
• Charge Coupled Device (CCD) Reader
• Smartphone-Based Scanner
• Pen-Type Scanner
• Omni-Directional Scanner
• E-commerce & Retail
• Consumer Goods
• Tracking & Marketing
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
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 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.
- 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
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o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
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Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances.
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