Barcode Scanner Market Projected to Reach USD 14600 Million, Globally, By 2030 at 9% CAGR

Market Overview:

The Global Barcode Scanner Market Size Was Reasonably Estimated To Be Approximately USD 7400 Million In 2023 And Is Poised To Generate Revenue Over USD 14600 Million By The End Of 2030, Projecting A CAGR Of Around 9% From 2023 To 2030.

A barcode scanner is a technical tool used to scan the barcode on various objects, revealing information about the product that can be deciphered using it. It is the most convenient method of locating or decoding inventory material. There are numerous applications for barcode scanners nowadays, including payment biometrics, error detection, biometrics, shopping, and many others. It is made up of a light source, a lens, and a light sensor that converts optical impulses into electrical signals. Furthermore, nearly all barcode readers have decoder circuitry that can analyze the barcode image data produced by the sensor and deliver the content of the barcode to the scanner's output port.

Top Key Players Involved Are:

Zebra Technologies Corp. (US), Pegasus (Dubai), Argox Information Co (US), Shenzhen MinDe Electronics Technology Ltd (China), Opticon Sensors Europe B.V. (US), TV Electronics (India), Retail Solution and Technologies. (India), Posiflex Technology Inc (China), Wasp Barcode Technologies (UK), OMRON Corporation (Japan), DENSO WAVE INCORPORATED (Japan), Honeywell International Inc. (US), Datalogic S.p.A. (Italy), CipherLab Co., Ltd. (Taiwan), Adesso Inc. (Germany), Unitech Electronics Co., LTD., (Taiwan), Cognex Corporation (US), Bluebird Inc. (US), Newland Auto-ID Tech. (China), CodeCorp (US).

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Market Dynamics:

Driver:

Human errors in the warehouse business can be quite costly for them. As a result, many warehouses and manufacturing companies use barcode scanners. A barcode scanner is the best replacement for human labor. If a human makes a mistake while entering data into the system, it will affect all other activities. Barcodes, on the other hand, dramatically minimize the likelihood of human error to practically zero. Barcode scanning is faster, more reliable, and takes less time than human data entry.

Opportunities:

The barcode wristbands are prepared with the patient's individual information at the time of admission and are regularly updated based on the patient's needs. All of the patient's records, including medical reports, medication, and specimen samples, are labeled with barcodes. The barcode technology also ensures that the correct treatment is administered to the patient, ensuring that the right medication is delivered and continued to the right patient. In the end, this eliminates errors and assures patient safety.

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Market segmentation

By Type

·       Pen-Type

·       Laser

·       Mobile

·       Camera-Based

By Application

·       Error Detection

·       Payment

·       Biometrics

·       Shopping

·       Inventory Control

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Regional Analysis Of Barcode Scanner Market

Asia Pacific is Expected to Dominate the Market Over the Forecast Period.

The barcode scanner market is expected to grow in this region because of various reasons like increasing the manufacturing base of the region, raising adaptation of automation, favourable initiatives by the government & a technological step forward. Owing to the AAPC countries' accelerating industrialization, this area is expected to have upbeat expansion in the following years.
By region:

·       North America (U.S., Canada, Mexico)

·       Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)

·       Western Europe (Germany, U.K., France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)

·       Asia-Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)

·       Middle East & Africa (Turkey, Saudi Arabia, Bahrain, Kuwait, Qatar, UAE, Israel, South Africa)

·       South America (Brazil, Argentina, Rest of SA)

Key Industry Developments in The Barcode Scanner Market

In November 2022, Omron Announces PPD Automation as a Certified Systems Integrator Partner Industry-leading automation solutions provider Omron Automation Americas welcomes new partner PPD Automation, which has been expanding its robotics solutions portfolio to incorporate Omron collaborative and mobile robot expertise.

In April 2023, Honeywell Acquired Compressor Controls Corporation, Driving The Energy Transition Through Leading its Automation And Controls Portfolio. The acquisition will be integrated into Honeywell's Process Solutions business and will strengthen Honeywell's leadership in industrial control, automation and process solutions, enabling customers to accelerate their energy transition.

Report includes Competitor's Landscape:

·       Major trends and growth projections by region and country

·       Key winning strategies followed by the competitors

·       Who are the key competitors in this industry?

·       What shall be the potential of this industry over the forecast tenure?

·       What are the factors propelling the demand for the Action Figures And Statues?

·       What are the opportunities that shall aid in significant proliferation of the market growth?

·       What are the regional and country wise regulations that shall either hamper or boost the demand for Action Figures And Statues?

·       How has the covid-19 impacted the growth of the market?

·       Has the supply chain disruption caused changes in the entire value chain?

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Our team at Pristine Intelligence focuses on result-oriented methodologies which are based on historic and present data to produce authentic foretelling about the industry. Pristine Intelligence's extensive studies help our clients to make righteous decisions that make a positive impact on their business. Our customer-oriented business model firmly follows satisfactory service through which our brand name is recognized in the market.

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