Barcode Scanner Market Forecasts to 2028 – Global Analysis By Scanner Type (Non-Rugged Barcode Scanner, Rugged Barcode Scanner), Category (Wireless Barcode Scanner, Wired Barcode Scanner) and By Geography
|
Years Covered |
2020-2028 |
|
Estimated Year Value (2021) |
US $7.00 BN |
|
Projected Year Value (2028) |
US $13.30 BN |
|
CAGR (2021 - 2028) |
9.6% |
|
Regions Covered |
North America, Europe, Asia Pacific, South America, and Middle East & Africa |
|
Countries Covered |
US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa |
|
Largest Market |
North America |
|
Highest Growing Market |
Asia Pacific |
According to Stratistics MRC, the Global Barcode Scanner Market is accounted for $7.00 billion in 2021 and is expected to reach $13.30 billion by 2028 growing at a CAGR of 9.6% during the forecast period. A barcode scanner, also known as a point-of-sale (POS) scanner or a price scanner, is a device that captures and reads data from barcodes. A light source, a lens, and a light sensor that converts optical impulses into electrical ones make up the scanner. A barcode scanner measures the quantity of light reflected back after sending a beam of light across the barcode. The light is reflected less by the black bars on the barcode than by the white spaces between them. The light energy is eventually transformed into electrical energy by the scanner, which is ultimately transformed into data by the decoder and transferred to a computer.
Market Dynamics:
Driver:
Rising demand for remote solutions
The increasing requirement of industries for remote solutions is fueling the barcode scanners market. Another factor driving the barcode scanner market is the growing number of multinational logistics service providers. Moreover, in the coming years, most of the shops will be able to keep track of inventory without errors due to the effectiveness and the efficiency of operations provided by the barcode scanner. The same reduces the time, and it gives a potential growth to the barcode scanner market during the forecast period. Moreover, the increase in the number of malls, supermarkets in various countries is also responsible for the growth of the barcode scanner market during the forecast period.
Restraint:
Lack of proper awareness
The inconvenience in moving the barcode scanner from one place to another and lack of awareness towards the barcode scanner machine by some of the shopkeepers are the major reasons restraining the growth of the market.
Opportunity:
Increasing R&D activities
Manufacturers are focus on forming effective retailer and supplier channel, in order to cater the growing demand for barcode scanner device across the globe. Various R&D activities are carried out by major player for innovative and technological advanced product catering to the growing need of barcode scanner by end user.
Threat:
High cost requirement
High cost requirement for the implementation of barcode scanners is a major threat for the market during the forecast period.
The retail & commercial segment is expected to be the largest during the forecast period
Use of barcode scanners is rapidly growing in the retail and manufacturing industries. Barcode scanners have become one of the best solutions for product information capturing. Retailers worldwide use barcodes for hassle-free recording of supplies and commodities. Barcodes imprinted on labels are pasted on products, which help in recording information regarding product count, date of manufacturing, date on which the product was supplied to the retailer, selling price, etc. When these products are scanned, the information is retrieved and monitored. This entire process, which is completed within a few seconds, not only increases efficiency but also minimizes errors .
The portable/handheld segment is expected to have the highest CAGR during the forecast period
The portable/handheld segment is expected to have the highest CAGR during the forecast period due to the increasing demand from the retail and manufacturing sectors.
Region with largest share:
North America is projected to hold the largest market share. North America has adopted high-end barcode scanners such as cordless scanners, rugged scanners, omni-directional scanners and stationary scanners in multiple industries.
The growth rate of barcode scanner technologies such as CCD and pen type reader is lesser when compared to other technologies implemented in this region. Another trend is the development of dedicated barcode scanners for specific applications such as barcode scanners for usage in hospitals and theme park admission tickets.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR owing to the increasing retailers in the region. Barcode technology enables e-tailers for easy record of inventory, and to keep track as the inventory goes out. Presence of several key players in China, India, Japan, and South Korea makes Asia Pacific prominent region in the barcode scanner market.
Key players in the market
Some of the key players profiled in the Barcode Scanner Market include Datalogic S.p.A. (Hydra S.p.A), Honeywell International Inc., DENSO Corporation, Toshiba TEC Corporation, Bluebird Corporation, Scandit AG, Zebra Technologies Corporation, SATO Holdings Corporation, JC Square Inc. (GMO Hosting & Security Inc.), Juniper Systems, Wasp Barcode Technologies, Opticon, OCOM Technologies, Casio Computer Co. Ltd., and Keyence Corporation.
Key developments:
In June 2020: Honeywell has recently unveiled new devices with disinfectant-ready housing like Xenon XP and Voyager XP. These scanners can capture the most difficult to read or damaged barcode easily.
In July 2019: Scandit has released Barcode Scanner SDK Version 6.0 for native iOS and Android, delivering improved MatrixScan and Augmented Reality (AR) performance, a new, more modular API, more extensive documentation, better code samples and additional viewfinder customization.
Products Covered:
• Portable/Handheld
• Fixed Position
Components Covered:
• Solutions
• Services
Scanner Types Covered:
• Non-Rugged Barcode Scanner
• Rugged Barcode Scanner
Categories Covered:
• Wireless Barcode Scanner
• Wired Barcode Scanner
Technologies Covered:
• Charge Coupled Device (CCD) Readers
• Radio Frequency Identification Technology (RFID)
• Camera Based Reader
• Pen Type Reader
• Laser Scanner
• Omni Directional Barcode Scanner
• Smartphone Based Scanner
Applications Covered:
• Resource Management
• Inventory Control & Management
• Biometrics
• Error Optimization
End Users Covered:
• Healthcare
• General Manufacturing
• Defense
• Food and Beverages
• Mobile Apps
• Commercial Aviation
• Transport, Logistics & Warehouse
• Retail & Commercial
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 2020, 2021, 2022, 2025, and 2028
- 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 Technology Analysis
3.8 Application Analysis
3.9 End User Analysis
3.10 Emerging Markets
3.11 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 Barcode Scanner Market, By Product
5.1 Introduction
5.2 Portable/Handheld
5.2.1 Automatic Readers
5.2.2 Cordless Scanner
5.2.3 Personal Digital Assistant (PDA) Scanners
5.3 Fixed Position
5.3.1 Automatic Readers
5.3.2 Stationary Scanners
5.3.3 Presentation Scanners
5.3.4 2D Camera Scanner
6 Global Barcode Scanner Market, By Component
6.1 Introduction
6.2 Solutions
6.3 Services
7 Global Barcode Scanner Market, By Scanner Type
7.1 Introduction
7.2 Non-Rugged Barcode Scanner
7.3 Rugged Barcode Scanner
8 Global Barcode Scanner Market, By Category
8.1 Introduction
8.2 Wireless Barcode Scanner
8.3 Wired Barcode Scanner
9 Global Barcode Scanner Market, By Technology
9.1 Introduction
9.2 Charge Coupled Device (CCD) Readers
9.3 Radio Frequency Identification Technology (RFID)
9.4 Camera Based Reader
9.5 Pen Type Reader
9.6 Laser Scanner
9.7 Omni Directional Barcode Scanner
9.8 Smartphone Based Scanner
10 Global Barcode Scanner Market, By Application
10.1 Introduction
10.2 Resource Management
10.3 Inventory Control & Management
10.4 Biometrics
10.5 Error Optimization
11 Global Barcode Scanner Market, By End User
11.1 Introduction
11.2 Healthcare
11.3 General Manufacturing
11.4 Defense
11.5 Food and Beverages
11.6 Mobile Apps
11.7 Commercial Aviation
11.8 Transport, Logistics & Warehouse
11.9 Retail & Commercial
12 Global Barcode Scanner Market, By Geography
12.1 Introduction
12.2 North America
12.2.1 US
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 Italy
12.3.4 France
12.3.5 Spain
12.3.6 Rest of Europe
12.4 Asia Pacific
12.4.1 Japan
12.4.2 China
12.4.3 India
12.4.4 Australia
12.4.5 New Zealand
12.4.6 South Korea
12.4.7 Rest of Asia Pacific
12.5 South America
12.5.1 Argentina
12.5.2 Brazil
12.5.3 Chile
12.5.4 Rest of South America
12.6 Middle East & Africa
12.6.1 Saudi Arabia
12.6.2 UAE
12.6.3 Qatar
12.6.4 South Africa
12.6.5 Rest of Middle East & Africa
13 Key Developments
13.1 Agreements, Partnerships, Collaborations and Joint Ventures
13.2 Acquisitions & Mergers
13.3 New Product Launch
13.4 Expansions
13.5 Other Key Strategies
14 Company Profiling
14.1 Datalogic S.p.A. (Hydra S.p.A)
14.2 Honeywell International Inc.
14.3 DENSO Corporation
14.4 Toshiba TEC Corporation
14.5 Bluebird Corporation
14.6 Scandit AG
14.7 Zebra Technologies Corporation
14.8 SATO Holdings Corporation
14.9 JC Square Inc. (GMO Hosting & Security Inc.)
14.10 Juniper Systems
14.11 Wasp Barcode Technologies
14.12 Opticon
14.13 OCOM Technologies
14.14 Casio Computer Co. Ltd.
14.15 Keyence Corporation
List of Tables
1 Global Barcode Scanner Market Outlook, By Region (2020-2028) ($MN)
2 Global Barcode Scanner Market Outlook, By Product (2020-2028) ($MN)
3 Global Barcode Scanner Market Outlook, By Portable/Handheld (2020-2028) ($MN)
4 Global Barcode Scanner Market Outlook, By Automatic Readers (2020-2028) ($MN)
5 Global Barcode Scanner Market Outlook, By Cordless Scanner (2020-2028) ($MN)
6 Global Barcode Scanner Market Outlook, By Personal Digital Assistant (PDA) Scanners (2020-2028) ($MN)
7 Global Barcode Scanner Market Outlook, By Fixed Position (2020-2028) ($MN)
8 Global Barcode Scanner Market Outlook, By Automatic Readers (2020-2028) ($MN)
9 Global Barcode Scanner Market Outlook, By Stationary Scanners (2020-2028) ($MN)
10 Global Barcode Scanner Market Outlook, By Presentation Scanners (2020-2028) ($MN)
11 Global Barcode Scanner Market Outlook, By 2D Camera Scanner (2020-2028) ($MN)
12 Global Barcode Scanner Market Outlook, By Component (2020-2028) ($MN)
13 Global Barcode Scanner Market Outlook, By Solutions (2020-2028) ($MN)
14 Global Barcode Scanner Market Outlook, By Services (2020-2028) ($MN)
15 Global Barcode Scanner Market Outlook, By Scanner Type (2020-2028) ($MN)
16 Global Barcode Scanner Market Outlook, By Non-Rugged Barcode Scanner (2020-2028) ($MN)
17 Global Barcode Scanner Market Outlook, By Rugged Barcode Scanner (2020-2028) ($MN)
18 Global Barcode Scanner Market Outlook, By Category (2020-2028) ($MN)
19 Global Barcode Scanner Market Outlook, By Wireless Barcode Scanner (2020-2028) ($MN)
20 Global Barcode Scanner Market Outlook, By Wired Barcode Scanner (2020-2028) ($MN)
21 Global Barcode Scanner Market Outlook, By Technology (2020-2028) ($MN)
22 Global Barcode Scanner Market Outlook, By Charge Coupled Device (CCD) Readers (2020-2028) ($MN)
23 Global Barcode Scanner Market Outlook, By Radio Frequency Identification Technology (RFID) (2020-2028) ($MN)
24 Global Barcode Scanner Market Outlook, By Camera Based Reader (2020-2028) ($MN)
25 Global Barcode Scanner Market Outlook, By Pen Type Reader (2020-2028) ($MN)
26 Global Barcode Scanner Market Outlook, By Laser Scanner (2020-2028) ($MN)
27 Global Barcode Scanner Market Outlook, By Omni Directional Barcode Scanner (2020-2028) ($MN)
28 Global Barcode Scanner Market Outlook, By Smartphone Based Scanner (2020-2028) ($MN)
29 Global Barcode Scanner Market Outlook, By Application (2020-2028) ($MN)
30 Global Barcode Scanner Market Outlook, By Resource Management (2020-2028) ($MN)
31 Global Barcode Scanner Market Outlook, By Inventory Control & Management (2020-2028) ($MN)
32 Global Barcode Scanner Market Outlook, By Biometrics (2020-2028) ($MN)
33 Global Barcode Scanner Market Outlook, By Error Optimization (2020-2028) ($MN)
34 Global Barcode Scanner Market Outlook, By End User (2020-2028) ($MN)
35 Global Barcode Scanner Market Outlook, By Healthcare (2020-2028) ($MN)
36 Global Barcode Scanner Market Outlook, By General Manufacturing (2020-2028) ($MN)
37 Global Barcode Scanner Market Outlook, By Defense (2020-2028) ($MN)
38 Global Barcode Scanner Market Outlook, By Food and Beverages (2020-2028) ($MN)
39 Global Barcode Scanner Market Outlook, By Mobile Apps (2020-2028) ($MN)
40 Global Barcode Scanner Market Outlook, By Commercial Aviation (2020-2028) ($MN)
41 Global Barcode Scanner Market Outlook, By Transport, Logistics & Warehouse (2020-2028) ($MN)
42 Global Barcode Scanner Market Outlook, By Retail & Commercial (2020-2028) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
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