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The Barcode Scanners market research provides insight into the key growth drivers and bottlenecks impacting the overall growth trajectory. The survey also provides information on the competitive landscape of the global Barcode Scanners market, by identifying prominent market players and analyzing the impact of their growth strategies.

DUBAI, United Arab Emirates, July 15, 2021 / PRNewswire / – Global Barcode Scanners Market Expected To Achieve A Valuation Of US $ 7 billion and grow at a CAGR of 7.6% between 2021 and 2031. Despite the COVID-19 outbreak, the demand for barcode readers has steadily increased. The market has also seen a shift in preference from handheld laser scanning to imaging solutions.

According to an IMF study, the global barcode scanner market registered a CAGR of 5% during its historic period of 2016 to 2020. The expansion of manufacturing facilities, logistics and e-commerce sectors presented an environment conducive to sales of barcode scanners.

Barcode scanning is highly sought after in various industries as it offers a robust tracking system that prevents the risk of incorrect delivery and downtime during transportation. Retailers are increasingly adopting technology to keep track of their inventory and products in warehouses and stores. Large retailers such as IKEA, Costco, Carrefour and Walmart apply barcodes to all of their products. This is expected to create lucrative opportunities for the growth of the global market.

Barcode readers are increasingly adopted in the healthcare industry. According to the Institute of Medicine of the National Academies (IMNA), most medical errors in hospital are due to improper medication during a patient’s stay. To avoid these errors, hospitals prefer the prescribed computer database to update patient information. The implementation of barcode scanners rectifies all possible errors and tracks exact patient details to minimize medication errors.

the Middle East and Africa is expected to become a rapidly growing regional market during the forecast period as it experiences rapid changes in customer preferences for a less tedious and more convenient retail experience. The advent of digitalization in retail is further boosting sales in this region.

“The major players are focused on introducing cutting edge features to keep pace with the changing retail industry and changing consumer preferences. As competition continues to escalate, product diversification has become a key strategy among companies to gain competitive advantage, ”the IMF analyst said.

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Key points to remember

  • Asia Pacific is expected to dominate the market as this region is experiencing substantial growth in e-commerce and retail industry.
  • The demand in the portable / portable segment is expected to increase at a CAGR of 5.7% during the forecast period due to the demand for improved convenience.
  • The segment of camera-based technologies will grow due to the increasing demand from the manufacturing and retail sectors.
  • Innovations in healthcare infrastructure and easy access to technologically advanced medical services are expected to create lucrative growth opportunities in North America.
  • Retail and manufacturing sectors will show greater adoption of barcode scanner as it allows hassle-free registration of products and suppliers.

Key factors

  • Product diversification to meet the growing need for recording information such as number of products, date of manufacture, supplier information, retailers and sale price is expected to drive sales of barcode readers .
  • The increase in sales through online channels has stimulated the demand for barcode readers. The pandemic has had an impact and changed shopping preferences. More and more people are shopping online, which is driving the demand for barcode readers.
  • The increased investment in technology development has boosted the adoption of high-end barcode readers such as fixed readers, omnidirectional, rugged and wireless readers.

Restriction Keys

  • Inadequate infrastructure and lack of access to the required expertise could hamper the production of barcode readers during the forecast period.
  • Lower adoption of barcode readers in developing economies and lack of awareness will hamper sales.

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Competitive landscape

The major players operating in the global Barcode Scanner Market are focused on improving their market presence by pursuing numerous strategies such as new product launches, mergers and acquisitions, partnerships, joint ventures, product development and strategic collaborations.

In november 2020, Datalogic SpA has launched its new series of Gryphon 4200 linear imagers. This new product is ideal for many healthcare applications such as in-process manufacturing, order processing, entertainment access control, the ticket office and retail cashier.

The major players operating in the Global IMF Profiled Barcode Scanner are

  • Zebra Technologies Corporation
  • Honeywell International Inc
  • DataLogics SPA
  • Cognex Company
  • SATO Holdings Corporation
  • Scandit AG
  • Wasp barcode technologies
  • Toshiba TEC Corporation
  • JC Square Inc

More information on the barcode reader market:

IMF provides an unbiased analysis of the Barcode Scanners market, presenting historical demand data (2016-2020) and forecast statistics for the forecast period 2021-2031. The study reveals compelling insights into the global barcode scanner market with detailed segmentation on the basis of

type of product

  • Portable / pocket
    • Rugged scanners
    • PDA scanners
    • Automatic readers
    • Other
  • Steady job
    • Fixed scanners
    • Presentation scanners
    • Automatic readers
    • Other

End use

  • Retail and commercial
  • General manufacturing
  • Health care
  • Logistics and warehouse
  • Commercial aviation
  • Defense
  • Other

Technology

  • Pen type reader
  • Laser scanner
  • CCD (Charge Coupled Device) readers
  • Camera based player
  • Omnidirectional barcode scanner
  • Smartphone-based scanner
  • RFID (radio frequency identification technology

Region

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • MEA

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Key Questions Covered by Microalgae in Barcode Scanner Market report

  • Report Offers Detailed Information of Microalgae in Barcode Scanner Demand Outlook 2021-2031
  • The market research also highlights the expected sales growth for the Barcode Scanners market between 2021 and 2031.
  • The Barcode Scanners market research identifies key growth drivers, restraints, and other forces impacting prevailing trends, assessing the current market size, and technological advancements within industry
  • Analysis of the Barcode Scanners market share of key companies in the industry and coverage of strategies such as mergers and acquisitions, joint ventures, collaborations or partnerships, etc.

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