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.
Barcode scanners are essential technical tools used for decoding barcode information, offering efficient inventory management and various applications. They comprise a light source, lens, and sensor to convert optical impulses into electrical signals, with decoder circuitry analyzing image data for output. Types include gun, pen, laser, and mobile/camera-based scanners, each serving distinct functions. Gun and pen scanners are common in retail settings, while larger scanners support manufacturing and inventory control. Error detection scanners ensure quality control by identifying defective items. Barcode scanners are also integral in transportation systems like metro/train stations for access control. Mobile scanners facilitate payments through camera-based scanning, enabling swift transactions between parties. With diverse applications spanning retail, manufacturing, transportation, and finance, barcode scanners streamline processes and enhance operational efficiency.
Top Key Players Covered In The Barcode Scanner Market:
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- 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 Solutions 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), and Other Active Players
Market Dynamics and Factors:
The adoption of barcode scanners has emerged as a critical solution across industries, primarily in warehousing and manufacturing, to mitigate the costly repercussions of human errors. By replacing manual data entry with swift and accurate barcode scans, these systems significantly minimize the possibility of mistakes, thereby enhancing operational efficiency. Moreover, barcode technology's seamless integration into various sectors has streamlined processes, exemplified by its pivotal role in reducing medication errors in healthcare settings.
Furthermore, the healthcare sector is witnessing a surge in demand for barcode scanners, particularly inpatient management and safety protocols. Barcode wristbands and labels enable precise tracking of patient information, medical records,and administered treatments, ensuring accuracy and minimizing errors. With the transition towards electronic medical records and advanced technology, barcode solutions have become indispensable tools for healthcare practitioners, fostering a safer and more efficient healthcare environment.
The Barcode Scanner Market Report Highlight:
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- By type, the mobile segment is expected to dominate the market over the forecast period. A mobile barcode scanner is a type of barcode scanner that is designed to work with mobile devices such as smartphones and tablets. Instead of using a dedicated scanner, mobile barcode scanning solutions use the built-in camera of the mobile device to scan barcodes. These solutions can be in the form of mobile apps that can be downloaded and installed on a mobile device, or they can be integrated into existing mobile applications.
- By Application, the Inventory Control segment is expected to be the key driver of growth in the Barcode Scanner market. Warehousing and logistics operations depend heavily on barcodes for efficient management of inventory, order processing, and shipment tracking. Every item can be uniquely identified and tracked throughout the supply chain. The e-commerce boom has led to a significant increase in demand for warehousing services. This, in turn, fuels the need for barcode technology to manage the surge in inventory movement.
- By Region, 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.
Key Industry Development:
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.
The Barcode Scanner Market Segmentation:
By Type
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- Pen-Type
- Laser
- Mobile
- Camera-Based
By Application
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- Error Detection
- Payment
- Biometrics
- Shopping
- Inventory Control
For this report, Pristine Intelligence has segmented the Barcode Scanner Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
North America
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- The U.S.
- Canada
- Mexico
Eastern Europe
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- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
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- Germany
- UK
- France
- Netherlands
- Italy
- Spain
- Rest of Western Europe
Asia Pacific
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- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
Middle East & Africa
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- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
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- Brazil
- Argentina
- Rest of SA
