+1 915 229 3004 (U.S.) | 
+44 7452 242832 (U.K.)
+1 915 229 3004 (U.S.) | +44 7452 242832 (U.K.)
Global 2D Barcode Reader Market Size was valued at USD 7.7 Billion in 2022. The 2D Barcode Reader market industry is projected to grow from USD 8.3 Billion in 2023 to USD 16.2 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 8.90% during the forecast period (2023 - 2032). Global e-commerce growth, evolving warehousing and logistics trends, and increased use of 2D barcodes across a range of industries are all contributing factors, are the key market drivers enhancing the market growth.
Download Free Sample to learn more about this report
Services: Secondary Research, Primary Research, RESEARCH LAYER Database and Analyst Review
The market's growth can be ascribed to the growth of the global e-commerce industry as well as shifting trends in the warehousing and logistics industries. Maintaining sales data, ensuring proper timing, and tracking products across supply chain networks in real-time are increasingly of the utmost importance to support the quick rise of the online retail sector. For internet sellers, real-time product tracking has become an essential demand. Currently, 2D barcode readers are essential for managing inventory levels and sales data.
Barcodes can reduce data entry errors, which can be costly and difficult to correct. Barcode scanning can increase accuracy and productivity by lowering the possibility of human error. It has been demonstrated to be a quicker and more efficient way to collect data than manual methods. Barcodes make it possible for speedier scanning of options, quicker checkouts in retail venues, quicker tracking & processing of products in logistics, and quicker patient processing. As products move through the supply chain, barcodes are used to track them, offering businesses more flexibility and control. The effectiveness of the supply chain can be increased by lowering the possibility of products being stolen or misplaced.
In order to rapidly and accurately scan product barcodes at the point of sale, barcode readers are often utilized in retail establishments. It is also projected that greater use of these devices in industries like healthcare will boost market growth. For instance, to prevent medication errors, barcode technology is employed in acute care facilities in the United States. Each patient receives a customized barcode wristband that is connected to the main computers in order to maintain an individual patient record. Before delivering the patient their medication, the nurse scans both the wristband and the pill using a barcode scanner. The data is sent to a central computer, where software double-checks a number of databases before approving the medication.
In the event of a mismatch, the system issues a warning, avoiding any drug-related catastrophes. These benefits would support the industry's growth over the anticipated period. Wireless technological advances are further supporting the trend to online shopping. Despite the fact that more shoppers worldwide are choosing to make digital purchases, supermarkets and hypermarkets can reduce wait times and speed up the checkout process by incorporating wireless technology into their barcode scanners. As a result, the business is expanding since the use of wireless technology, automated billing systems, and 2D barcode scanners makes shopping easier, offers quick and simple checkout processes, and increases customer satisfaction. Thus, driving the 2D Barcode Reader market revenue.
The global 2D Barcode Reader market segmentation, based on Product Type, includes handheld and fixed. Handheld segment accounted for the largest revenue share in 2022. A handheld device can be used for a wide range of purposes. For instance, in the industrial sector, it is a crucial tool for monitoring shipping, receiving, and Work-In-Progress (WIP) stocks. It is used in the retail industry to satisfy configuration requirements at the checkout counter since it facilitates accurate inventory tracking and provides essential business knowledge for future planning and operational purposes.
The global 2D Barcode Reader market segmentation, based on application, includes warehousing, logistics, e-commerce, and factory automation. Warehousing segment dominated the global 2D Barcode Reader market in 2022. Moving containers, bulk inventory, and individual goods between various separate places is an essential warehouse operating practice. Manual data collection for inventory counts can be time-consuming and error-prone.
Download Free Sample to learn more about this report
Services: Secondary Research, Primary Research, RESEARCH LAYER Database and Analyst Review
Insights into the markets in North America, Europe, Asia-Pacific, and the rest of the world are provided by the study. The North America 2D Barcode Reader Market dominated this market in 2022 (45.80%). Customers may now purchase and return items whenever it is most convenient for them thanks to the rise of online shopping and the rising popularity of social media platforms, particularly in industrialized countries like the U.S. Further, In the North American area, the U.S. 2D Barcode Reader market had the biggest market share, while the Canada 2D Barcode Reader market had the quickest rate of expansion.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Download Free Sample to learn more about this report
Services: Secondary Research, Primary Research, RESEARCH LAYER Database and Analyst Review
In 2022, the 2D barcode reader market in Europe held a sizable market share. As more organizations implement 2D barcodes to properly track product, location, manufacturer, and related specification data, there will likely be more growth prospects for the 2D barcode reader market in Europe. Further, In the European region, the German 2D Barcode Reader market had the biggest market share, and the U.K. 2D Barcode Reader market had the quickest rate of growth.
From 2023 to 2032, the Asia Pacific 2D Barcode Reader market is anticipated to develop significantly. Demand for 2D barcode readers has increased as a result of the growth of the e-commerce, logistics, and warehouse industries in the Asia Pacific area. Additional factors driving demand for 2D barcode readers include the rollout of 5G, increased government efforts toward industry 4.0 for the automation and digitalization of industries, and expanding digitization. Moreover, In the Asia-Pacific region, the Indian 2D Barcode Reader market had the quickest rate of growth while China's 2D Barcode Reader market had the greatest market share.
Leading industry companies are making significant R&D investments in order to diversify their product offerings, which will drive the 2D Barcode Reader market's expansion. Important market developments include new product releases, contractual agreements, mergers and acquisitions, greater investments, and collaboration with other organizations. Market participants are also engaging in a number of strategic actions to increase their global footprint. The 2D Barcode Reader sector needs to provide affordable products if it wants to grow and thrive in a more competitive and challenging market environment.
One of the primary business strategies employed by manufacturers in the worldwide 2D Barcode Reader industry to assist customers and expand the market sector is local manufacturing to reduce operational costs. Some of the biggest benefits to medicine have recently come from the 2D Barcode Reader sector. Major players in the 2D Barcode Reader market, including Casio Computer Co., Ltd., Cognex Corp., Datalogic SpA, Denso Wave Inc., General Data Company, Inc., Honeywell International, Inc., JADAK - A Novanta Company, Juniper Systems Inc., Keyence Corp., Marson Technology Co., Ltd., Omron Microscan Systems, Inc., Sato Holdings Corp., Scandit, Sick AG, Unitech Electronics Co., Ltd., Wasp Barcode Technologies, Zebex Industries Inc., and Zebra Technologies Corp., are attempting to increase market demand by investing in research and development operations.
Cognex Corp. is a business that operates for profit. It uses machine vision technology to automate industrial processes when designing, developing, and producing products. The company sells a variety of products, including vision systems, vision software, 3D laser profilers, fixed-mount barcode readers, handheld barcode readers, and vision sensors. The company uses machine vision for a number of purposes, including managing assembly robots and keeping an eye on manufacturing lines, as well as for tracking, sorting, and recognizing parts and spotting defects in products. In addition to the automation, logistics, and life sciences industries, Cognex offers services to the semiconductor, consumer electronics, food, beverage, pharmaceutical, and medical sectors. The company markets and sells its products through distribution and integration partners. The headquarters of Cognex are located in Natick, Massachusetts, in the United States. Cognex Corp. unveiled the DataMan 580, a fixed-price barcode scanner, in January 2023 to speed up business while improving accountability. By utilizing cutting-edge intelligence, management, and performance solutions to track real-time system performance and improve operations, it aims to optimize logistical processes.
Adesso SE is a German company that offers IT support. The company offers consulting and software development services to enhance crucial corporate operations. It also offers pre-made software items for typical applications. The consulting and software development departments of the corporation generate the majority of its sales revenue in Germany. IT Services and IT Solutions make up its two sections. In January 2023, Adesso acquired the Italian software company WebScience. To boost its market share in Italy, it has carefully planned this strategy.
· Casio Computer Co., Ltd.
· Cognex Corp.
· Datalogic SpA
· Denso Wave Inc.
· General Data Company, Inc.
· Honeywell International, Inc.
· JADAK - A Novanta Company
· Juniper Systems Inc.
· Keyence Corp.
· Marson Technology Co., Ltd.
· Omron Microscan Systems, Inc.
· Sato Holdings Corp.
· Scandit
· Sick AG
· Unitech Electronics Co., Ltd.
· Wasp Barcode Technologies
· Zebex Industries Inc.
· Zebra Technologies Corp.
February 2023- An authority in sample management named Ziath revealed that Azenta Inc. (Burlington, Massachusetts, USA) had bought it. The Cambridge-based business was established in 2005 and provides a broad selection of state-of-the-art 2D barcode readers as a crucial part of the laboratory automation workflow for pharmaceutical, biotech, and academic customers worldwide.
· Handheld
· Fixed
· Warehousing
· Logistics
· E-commerce
· Factory Automation
· North America
- US
- Canada
· Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
· Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
· Rest of the World
- Middle East
- Africa
- Latin America
|
Report Attribute/Metric |
Details |
|
Market Size 2022 |
USD 7.7 Billion |
|
Market Size 2023 |
USD 8.3 Billion |
|
Market Size 2032 |
USD 16.2 Billion |
|
Compound Annual Growth Rate (CAGR) |
8.90% (2023-2032) |
|
Base Year |
2022 |
|
Market Forecast Period |
2023-2032 |
|
Historical Data |
2018- 2022 |
|
Market Forecast Units |
Value (USD Billion) |
|
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
|
Segments Covered |
Product Type, Application, and Region |
|
Geographies Covered |
North America, Europe, Asia Pacific, and the Rest of the World |
|
Countries Covered |
The U.S., Canada, German, France, U.K, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
|
Key Companies Profiled |
Casio Computer Co., Ltd., Cognex Corp., Datalogic SpA, Denso Wave Inc., General Data Company, Inc., Honeywell International, Inc., JADAK - A Novanta Company, Juniper Systems Inc., Keyence Corp., Marson Technology Co., Ltd., Omron Microscan Systems, Inc., Sato Holdings Corp., Scandit, Sick AG, Unitech Electronics Co., Ltd., Wasp Barcode Technologies, Zebex Industries Inc., and Zebra Technologies Corp. |
|
Key Market Opportunities |
Technological development |
|
Key Market Dynamics |
The rising e-commerce industry worldwide in line with the evolving developments in the warehousing and logistics industries and increasing use of 2D barcodes across various industries |
The global 2D Barcode Reader Market was valued at USD 7.7 billion in 2022, and it is estimated to reach USD 16.2 billion by 2032.
The global market is projected to grow at a CAGR of 8.90% during the forecast period, 2023-2032.
North America had the largest share in the global market
The key players in the market are Casio Computer Co., Ltd., Cognex Corp., Datalogic SpA, Denso Wave Inc., General Data Company, Inc., Honeywell International, Inc., JADAK - A Novanta Company, Juniper Systems Inc., Keyence Corp., Marson Technology Co., Ltd., Omron Microscan Systems, Inc., Sato Holdings Corp., Scandit, Sick AG, Unitech Electronics Co., Ltd., Wasp Barcode Technologies, Zebex Industries Inc., and Zebra Technologies Corp.
The Hardware Product Type dominated the market in 2022.
The Warehousing Application had the largest share in the global market.
Report Code :
RL65148
Published on :
Sep 2023
Request a Free Sample Report
Speak to Analyst