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Redding, California - October 18, 2024

Barcode Scanners Market to Reach $4.4 Billion by 2031

Barcode Scanners Market Size, Share, Forecast, & Trends by Offering (Product (Pen Type Readers, Laser Barcode, Others), Consumables, Software), Type (Handheld, Fixed Mount, Others), End-use Industry (Retail & Ecommerce, Manufacturing, Others), and Geography—Global Forecast to 2031

Meticulous Research^®—a leading global market research company, published a research report titled ‘Barcode Scanners Market—Global Opportunity Analysis and Industry Forecast (2024-2031)’. According to this latest publication from Meticulous Research^®, the barcode scanners market is expected to reach $4.4 billion by 2031, at a CAGR of 7.2% from 2024 to 2031.

Government initiatives encouraging the adoption of biometric technologies, high demand for barcode scanners in the healthcare sector to enhance patient safety and operational efficiency, and increased use of barcode scanners for inventory management are factors driving the growth of the barcode scanners market. However, market growth is restrained by a lack of awareness in developing countries and high initial costs. In addition, the continued advancements in imaging technology and increasing demand for automatic identification and data capture (AIDC) technology solutions provide considerable potential opportunities for market players. The market faces substantial challenges, including integration with existing systems and safety and security concerns.

Key Players:

The barcode scanners market is characterized by a moderately competitive scenario due to the presence of many large- and small-sized global, regional, and local players. The key players operating in the barcode scanners market are Datalogic S.P.A (Italy), Scandit AG (Switzerland), Juniper Systems, Inc. (U.S.), Bluebird Inc. (South Korea), DENSO Corporation (Japan), Newland AIDC (China), Opticon (U.S.), SICK AG (Germany), Zebra Technologies Corporation (U.S.), OCOM Technologies (China), Cognex Corporation (U.S.), Honeywell International Inc. (U.S.), Code Corporation (U.S.), a Subsidiary of Brady Corporation (U.S.), and CipherLab Co., Ltd (Taiwan).

The global barcode scanners market is segmented by offering (product (pen type readers, laser barcode scanners, ccd barcode scanners, and camera-based scanners), consumables, software); type (handheld scanners, fixed mount scanners, handsfree scanners, companion/wearable scanners, other types); end-use industry (retail & ecommerce, media & entertainment, BFSI, healthcare, manufacturing, education, transportation & logistics, government, IT & telecom, military/law enforcement and other end-use industries. This study also evaluates industry competitors and analyzes the regional and country-level markets.

Among the offerings studied in this report, the product segment is anticipated to hold the dominant position, with a share of over 72% of the market in 2024. Barcode scanners are essential devices for reading and decoding barcodes, which serve as graphical representations of data. The segment's dominance in the barcode scanners market is driven by several factors, including the growing adoption of automated solutions, advancements in scanning technology, and the widespread use of barcode scanners across various industries for rapid and efficient data collection in multiple applications.

Among the types studied in this report, the handheld scanners segment is anticipated to hold the dominant position, with a share of over 40% of the market in 2024. Handheld barcode scanners are portable devices specifically engineered to read and decode barcodes and QR codes, enabling efficient data capture and processing across a range of applications. Their seamless integration with inventory management systems, ERP solutions, and other software, along with their capability to deliver real-time data updates and reporting, are key factors contributing to this segment’s dominance in the barcode scanners market.

Among the end-use industries studied in this report, the retail & ecommerce segment is anticipated to hold the dominant position, with a share of over 22% of the market in 2024. Barcode scanners are essential in retail and e-commerce, significantly enhancing efficiency, accuracy, and customer experience. The widespread adoption of barcode scanners by retail & e-commerce companies is driven by their ability to streamline checkout processes, optimize inventory management, improve customer interactions, and enhance order fulfillment. These factors contribute to this segment's dominance in the barcode scanners market.

Geographic Review

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S., Canada), Europe (Germany, U.K., France, Italy, Spain, Sweden, Denmark and Rest of Europe), Asia-Pacific (Japan, China, India, South Korea, Singapore, Malaysia and Rest of Asia-Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), and the Middle East & Africa (UAE, Israel, and Rest of Middle East & Africa)

Asia-Pacific is anticipated to hold the dominant position, with a share of over 41% of the market in 2024. Businesses are growing their investment in barcode scanners to enhance operational efficiency, minimize errors, and boost overall productivity. Additionally, rising investment in industrial automation and the trend of rapid urbanization are key factors contributing to the segment's dominance in the barcode scanners market.

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Key Questions Answered in the Report-

What is the value of revenue generated by the sale of barcode scanners?
At what rate is the global demand for barcode scanners projected to grow for the next five to seven years?
What is the historical market size and growth rate for the barcode scanners market?
What are the major factors impacting the growth of this market on global and regional levels?
What are the major opportunities for existing players and new entrants in the market?
Which offering, type, and end-use industry segments create major traction for the manufacturers in this market?
What are the key geographical trends in this market? Which regions/countries are expected to offer significant growth opportunities for the manufacturers operating in the barcode scanners market?
Who are the major players in the barcode scanners market? What are their specific product offerings in this market?
What recent developments have taken place in the barcode scanners market? What impact have these strategic developments created on the market?

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Redding, California - October 18, 2024

Barcode Scanners Market to Reach $4.4 Billion by 2031

Barcode Scanners Market Size, Share, Forecast, & Trends by Offering (Product (Pen Type Readers, Laser Barcode, Others), Consumables, Software), Type (Handheld, Fixed Mount, Others), End-use Industry (Retail & Ecommerce, Manufacturing, Others), and Geography—Global Forecast to 2031

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