BARCODE SCANNERS MARKET ANALYSIS

Barcode Scanners Market, By Product Type (Portable/handheld (Rugged scanners, PDA scanners, Automatic readers and Others) and Fixed Position (Stationary scanners, Presentation scanners, Automatic readers and Others), By End-Use (Retail & Commercial, General Manufacturing, Healthcare, Logistics & Warehouse, Commercial Aviation, Defense and Others), By Technology (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) and by Region (North America, Latin America, Europe, Asia Pacific, Middle East and Africa) - Size, Share, Outlook, and Opportunity Analysis, 2020 - 2027

Published In : Jun 2020
Code : CMI3903
Pages :130
Formats :
Excel and PDF
Industry : Smart Technologies

Barcode Scanners MarketSize and Trends

The global Barcode Scanners Market was accounted for US$ 5,960.1 Mn in terms of value and 234,51329.4 in terms of volume in 2019 and is expected to grow at CAGR of 7.6% for the period 2020-2027.

Figure 2: Global Barcode Scanners Market Value (US$ Mn), 2016 - 2027

The global Barcode Scanners market was valued at US$ 5,960.1 Mn in 2019 and is forecast to reach a value of US$ 10,765.6 Mn by 2027 at a CAGR of 7.6% between 2020 and 2027.

Market Trends

Major shift from handheld laser scanning to imaging solutions

Barcode scanners are being adopted in almost all industries. 1D barcode scanners are linear images based laser scanning devices that are used to capture the information stored in barcodes. Industries are shifting to the new 2D barcode scanners image solutions can capture 2-dimensional information as well as can scan QR codes. As a result of this, major manufacturers are focused on development of new and enhanced 2D barcode products.

Rising production capacity and inorganic strategies

Major companies in the market are focused on both organic and inorganic strategies, in order to expand product portfolio and gain a competitive edge in the market. For instance, in August 2016, Honeywell International Inc. introduced a new industrial-use barcode and label printer model, PM42, in the Middle East and India in order to help local businesses integrate printers with their network systems seamlessly, with an added feature of LCD color display supporting nine languages. Moreover, in August 2015, Zebra Technologies acquired ITR Mobility and its division factor, the software development division of ITR Group, Inc.