In 2022, the market for industrial barcode scanners is projected to be worth US$ 3,451.0 Million. The overall demand for industrial barcode scanners is expected to increase at a CAGR of 8.3% between 2022 and 2032, reaching a total of roughly US$ 7,678.0 Million by 2032 due to rising automation in retail outlets and the manufacturing sector, as well as industry takeover by digitization and the undeniable rise of e-commerce.
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Industrial barcode scanners are being quickly used in the industrial and warehousing sectors thanks to their cutting-edge features including superior read range, durability, full range area imaging capability, and quick time to read.
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Barcode Scanners which uses high resolution industrial cameras to capture multiple barcodes simultaneously are called Industrial barcode scanners.
Today, Industrial barcode scanners have become one of the best solution for recording and managing product information without making any major manual effort.
Rising demand for durable high volume barcode scanning across various industries including manufacturing, retail, and logistics contributes the growth of industrial barcode market.
Industrial Barcode Scanners: Drivers and Challenges
Drivers
Increasing interest on digitalization of business operations across various industries is the primary factor drivers the growth of Industrial barcode scanners market.
Increasing number of multinational logistics service providers in the market is fueling the growth of Industrial barcode scanners market.
Owing to high durability, in industrial sector, 2D barcodes such as Data matrix, QR code and others are being used exponentially and ultimately the preference towards 2D barcodes is increasing the demand of 2D industrial barcode scanners.
Apart from this, the availability of innovative and customized products such as mobile computing devices is playing an important role which is supporting the growth of Industrial barcode scanners market.
Challenges
The high cost of Industrial barcode scanners is one of the major factor which may hinders the growth of Industrial barcode scanners market.
Moreover, the incompatibility with existing business systems and software is also the factor which may slow down the adoption of Industrial barcode scanners
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Industrial Barcode Scanners: Competition Landscape
Key Development
In October 2016, Honeywell International Inc. added “Digimarc Barcode” scanning capabilities to its handheld scanners in order to offer industry leading performance and reliability for wide range of applications.
In April 2016, Zebra Technologies launched its 3600 Ultra-rugged series of scanners. These scanners helps company to enhance durability, scan performance and manageability of industrial verticals such as warehousing, retail and manufacturing
Key Players
The Prominent players in Industrial barcode scanners market are Honeywell International Inc., Zebra Technologies Corporation, Cognex Corporation, SATO Holdings Corporation, Toshiba TEC Corporation,Wasp Barcode Technologies, Datalogic S.P.A, Scandit AG, Juniper Systems and others.
Industrial Barcode Scanners: Regional Overview
On geographic basis, North America is anticipated to be the largest market for Industrial barcode scanners market due to increasing interest on automation solutions across various industries.
APAC market is expected to be the fastest growing Industrial barcode scanners market due to the rapid industrialization and presence of various key players in countries like China, India, Japan, and South Korea.
Europe and Latin America also offers potential growth opportunities in Industrial barcode scanners market due the rise in digital technologies in this region
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Key Segments Covered in the Industrial Barcode Scanners Industry Analysis
By Housing Type:
- Handheld
- Stationary Industrial Barcode Scanner
- Other Industrial Barcode Scanner Types
By Scanning Technology:
- Linear Imaging
- Area Imaging
- Omni Directional
By Industry Use:
- Manufacturing
- Food and Beverages
- Retail
- Transportation and Logistics
- Other Industry Uses
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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