BARCODE SCANNERS MARKET ANALYSIS

A barcode scanner is an electronic device used to read information encrypted in the form of coded bar lines on the computer. Generally, it is used to capture the information marked on the product. In general, all barcode readers have circuitry analyzing provided by sensors. Barcode scanners consist of a light source and sensors that capture the encrypted information. 2D barcode scanners are the most popular and fast-moving barcode scanners in the market. Different technologies are used in barcode scanners including laser scanners, pent-type scanners, camera-based readers, and charge-coupled devices (CCD).

Market Dynamics

Barcode scanners are being increasingly used in different aspects of the healthcare industry. With barcode scanners, tracking exact patient records has become sophisticated with the rectification of every possible error and reducing drug-related mistakes during a patient’s hospital stay. Moreover, according to IMNA, around 51% of medication errors can be rectified using barcode scanners technology. According to the U.S. Food and Drug Administration (FDA), there is a National Drug Code, which is a 10 digit identification number issued to every drug so that the related drug information can be easily captured and stored. Thus, these factors are expected to drive growth of the global barcode scanners market during the forecast period. Barcode scanners are being rapidly adopted in retail and manufacturing industries. It has become one of the best solutions for product information capturing. Barcode imprinted on labels help to record information regarding product count, date of manufacturing, date of expiry for perishable products, selling price, date on which the product was supplied to retailer, etc. Major retailers such as Walmart, Costco, Carrefour, and IKEA put barcodes on all their products. This, in turn, is expected to propel the market growth over the forecast period.

Market Taxonomy

This report segments the Global Barcode Scanners Market on the basis of Product Type, End-Use, Technology and Region. On the basis of Product Type, Global Barcode Scanners Market is segmented into Portable/handheld (Rugged scanners, PDA scanners, Automatic readers and Others) and Fixed Position (Stationary scanners, Presentation scanners, Automatic readers and Others. On the basis of End-Use, the Global Barcode Scanners Market is segmented into Retail & Commercial, General Manufacturing, Healthcare, Logistics & Warehouse, Commercial Aviation, Defense and Others. On the basis of Technology, the Global Barcode Scanners Market is segmented into Pen type Reader, Laser Scanner, CCD (Charge Coupled Device) Readers. Camera Based Reader, Omni directional barcode Scanner, Smartphone based Scanner and RFID (Radio Frequency Identification)Technology. On the basis of region, Global Barcode Scanners Market is segmented into North America, Latin America, Europe, Asia pacific, Middle East and Africa.

Key features of the study:

• This report provides an in-depth analysis of the Global Barcode Scanners Market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
• It profiles leading players in the global Barcode Scanners Market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered in the Global Barcode Scanners Market includes JC Square Inc., Zebra Technologies Corporation, Toshiba TEC Corporation, Honeywell International Inc., Wasp Barcode Technologies, Cognex Corporation, Scandit AG, and SATO Holdings Corporation.
• These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
• The global Barcode Scanners market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Global Barcode Scanners Market

Detailed Segmentation:

• Global Barcode Scanners Market, By Product Type:
  • Portable/handheld
    • Rugged scanners
    • PDA scanners
    • Automatic readers
    • Others
  • Fixed Position
    • Stationary scanners
    • Presentation scanners
    • Automatic readers
    • Others
• Global Barcode Scanners Market, By End-Use:
  • Retail & Commercial
  • General Manufacturing
  • Healthcare
  • Logistics & Warehouse
  • Commercial Aviation
  • Defense
  • Others
• Global Barcode Scanners Market, By Technology:
  • Pen type Reader
  • Laser Scanner
  • CCD (Charge Coupled Device) Readers
  • Camera Based Reader
  • Omni directional barcode Scanner
  • Smartphone based Scanner
  • RFID (Radio Frequency Identification)Technology
• Global Barcode Scanners Market, By Region:
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa
• Company Profiles
• Cognex Corporation
• Company Overview
• Product Portfolio
• Financial Performance
• Key Strategies
• Recent Developments
• Future Plans
• Honeywell International Inc.
• JC Square Inc.
• SATO Holdings Corporation.
• Scandit AG
• Toshiba TEC Corporation
• Wasp Barcode Technologies
• Zebra Technologies Corporation

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