Industrial Barcode Scanner Market: 4.26% Y-O-Y Growth Rate in 2021 | By Product and Region Forecast 2020-2025 | Market Insights on Covering Sales Outlook, Demand Forecast & Up-to-Date Key Trends


NEW YORK, June 9, 2022 /PRNewswire/ — The Industrial Barcode Scanner Market is segmented by Geography (North America, Europe, APAC, South America, and MEA). 27% of the market’s growth will originate from North America during the forecast period. The US is the key market for industrial barcode scanner in North America. Market growth in this region will be faster than the growth of the market in Europe regions. North America is home to several manufacturing companies, such as General Motors and Ford. The region is expected to witness the increased adoption of industrial barcode scanners for operational activities. The significant investments in the automation of operations, through the integration of digitalized processes, will positively impact the demand for industrial barcode scanners from the region. 

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The Industrial Barcode Scanner Market Share is expected to increase by USD 388.38 million from 2020 to 2025, with an accelerated CAGR of 5%- according to the recent market study by Technavio. The report provides a detailed analysis of drivers & opportunities, top winning strategies, competitive scenario, future market trends, market size & estimations, and major investment pockets.

Industrial Barcode Scanner Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 5%

Market growth 2021-2025

$ 388.38 million

Market structure

Fragmented

YoY growth (%)

4.26

Regional analysis

North America, Europe, APAC, and South America

Performing market contribution

North America at 27%

Key consumer countries

US, China, Germany, and Japan

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Advantech Co. Ltd., Datalogic Spa, EUROTECH Spa, Generalscan Electronics Co. Ltd., Honeywell International Inc., Opticon Sensors Europe BV, Shenzhen Unique Electronic International Ltd., Shenzhen Alacrity Barcode Technology Co. Ltd., Unitech Electronics Co Ltd., and Zebra Technologies Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

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The industrial barcode scanner market is fragmented and the vendors are deploying growth strategies such as spending more on the research and development (R&D) of innovative solutions for industrial applications to compete in the market.

  • Advantech Co. Ltd.
  • Datalogic Spa
  • EUROTECH Spa
  • Generalscan Electronics Co. Ltd.
  • Honeywell International Inc.
  • Opticon Sensors Europe BV
  • Shenzhen Alacrity Barcode Technology Co. Ltd.
  • Shenzhen Unique Electronic International Ltd.
  • Unitech Electronics Co Ltd.
  • Zebra Technologies Corp.

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Industrial Barcode Scanner Market Driver

  • Evolution of industry 4.0:
  •  
    • Barcode scanners are mainly used to improve the productivity and efficiency of workers in an ecosystem. Industry 4.0 represents the fourth industrial revolution in the manufacturing industry. The connected ecosystem using the Internet of Things (IoT) will be instrumental in helping manufacturers and consumers provide improved communication and monitoring systems and increased automation, along with self-diagnosis and new levels of analysis, for a productive future. Industry 4.0 is the current transformation of industries characterized by data exchange, automation, cloud, cyber-physical systems, robots, big data, artificial intelligence (AI), and (semi-) autonomous techniques. With the emergence of Industry 4.0, the market for barcode scanners is expected to witness an accelerated demand during the forecast period. The integration of Industry 4.0 with devices, such as barcode and ring scanners, will continue and improve the efficiency of processes in inventory management.

Industrial Barcode Scanner Market Trend

  • Use of wearables with same functionalities as traditional barcode scanners:
  •  
    • Manufacturers are increasingly deploying advanced devices to reduce human errors and increase efficiency. For instance, smart glasses are being used in industrial operations. Companies, such as DHL, have adopted smart glasses and established the same as a new standard in logistics. Smart glasses now come with additional functionalities, such as the barcode and QR code scanning functionality. Vuzix M100 smart glasses can scan QR codes and barcodes. However, the distance between the camera and the barcode poses a challenge. Similarly, Vuzix M300 smart glasses can be used as barcode scanners. With camera-based scanning devices, such as smart glasses, it becomes a challenge to ensure that the barcodes are in the line of sight of the device so that they can be decoded by the onboard computer vision algorithm. With improvements in barcode formats, such as linear and laser, smart glasses are likely to replace traditional wearable scanners in the coming years.

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Table of Contents

1 Executive Summary

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 01: Parent market
    • Exhibit 02: Market characteristics
  • 2.2 Value chain analysis
    • Exhibit 03: Value Chain Analysis: Electronic Equipment and Instruments

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 04: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 05: Market segments
  • 3.3 Market size 2020
  • 3.4 Market outlook: Forecast for 2020 – 2025
    • Exhibit 06: Global – Market size and forecast 2020 – 2025 ($ million)
    • Exhibit 07: Global market: Year-over-year growth 2020 – 2025 (%)

4 Five Forces Analysis

  • 4.1 Five forces summary
    • Exhibit 08: Five forces analysis 2020 & 2025
  • 4.2 Bargaining power of buyers
    • Exhibit 09: Bargaining power of buyers
  • 4.3 Bargaining power of suppliers
    • Exhibit 10: Bargaining power of suppliers
  • 4.4 Threat of new entrants
    • Exhibit 11: Threat of new entrants
  • 4.5 Threat of substitutes
    • Exhibit 12: Threat of substitutes
  • 4.6 Threat of rivalry
    • Exhibit 13: Threat of rivalry
  • 4.7 Market condition
    • Exhibit 14: Market condition – Five forces 2020

5 Market Segmentation by Product

  • 5.1 Market segments
    • Exhibit 15: Product – Market share 2020-2025 (%)
  • 5.2 Comparison by Product
    • Exhibit 16: Comparison by Product
  • 5.3 Mobile computers – Market size and forecast 2020-2025
    • Exhibit 17: Mobile computers – Market size and forecast 2020-2025 ($ million)
    • Exhibit 18: Mobile computers – Year-over-year growth 2020-2025 (%)
  • 5.4 Handheld scanners – Market size and forecast 2020-2025
    • Exhibit 19: Handheld scanners – Market size and forecast 2020-2025 ($ million)
    • Exhibit 20: Handheld scanners – Year-over-year growth 2020-2025 (%)
  • 5.5 Ring scanners – Market size and forecast 2020-2025
    • Exhibit 21: Ring scanners – Market size and forecast 2020-2025 ($ million)
    • Exhibit 22: Ring scanners – Year-over-year growth 2020-2025 (%)
  • 5.6 Market opportunity by Product
    • Exhibit 23: Market opportunity by Product

6 Customer landscape

  • 6.1 Customer landscape
    • Exhibit 24: Customer landscape

7 Geographic Landscape

  • 7.1 Geographic segmentation
    • Exhibit 25: Market share by geography 2020-2025 (%)
  • 7.2 Geographic comparison
    • Exhibit 26: Geographic comparison
  • 7.3 North America – Market size and forecast 2020-2025
    • Exhibit 27: North America – Market size and forecast 2020-2025 ($ million)
    • Exhibit 28: North America – Year-over-year growth 2020-2025 (%)
  • 7.4 Europe – Market size and forecast 2020-2025
    • Exhibit 29: Europe – Market size and forecast 2020-2025 ($ million)
    • Exhibit 30: Europe – Year-over-year growth 2020-2025 (%)
  • 7.5 APAC – Market size and forecast 2020-2025
    • Exhibit 31: APAC – Market size and forecast 2020-2025 ($ million)
    • Exhibit 32: APAC – Year-over-year growth 2020-2025 (%)
  • 7.6 South America – Market size and forecast 2020-2025
    • Exhibit 33: South America – Market size and forecast 2020-2025 ($ million)
    • Exhibit 34: South America – Year-over-year growth 2020-2025 (%)
  • 7.7 MEA – Market size and forecast 2020-2025
    • Exhibit 35: MEA – Market size and forecast 2020-2025 ($ million)
    • Exhibit 36: MEA – Year-over-year growth 2020-2025 (%)
  • 7.8 Key leading countries
    • Exhibit 37: Key leading countries
  • 7.9 Market opportunity by geography
    • Exhibit 38: Market opportunity by geography ($ million)

8 Drivers, Challenges, and Trends

  • 8.1 Market drivers
  • 8.2 Market challenges
    • Exhibit 39: Impact of drivers and challenges
  • 8.3 Market trends

9 Vendor Landscape

  • 9.1 Overview
    • Exhibit 40: Vendor landscape
  • 9.2 Landscape disruption
    • Exhibit 41: Landscape disruption
    • Exhibit 42: Industry risks

10 Vendor Analysis

  • 10.1 Vendors covered
    • Exhibit 43: Vendors covered
  • 10.2 Market positioning of vendors
    • Exhibit 44: Market positioning of vendors
  • 10.3 Advantech Co. Ltd.
    • Exhibit 45: Advantech Co. Ltd. – Overview
    • Exhibit 46: Advantech Co. Ltd. – Business segments
    • Exhibit 47: Advantech Co. Ltd. – Key news
    • Exhibit 48: Advantech Co. Ltd. – Key offerings
    • Exhibit 49: Advantech Co. Ltd. – Segment focus
  • 10.4 Datalogic Spa
  • 10.5 EUROTECH Spa
    • Exhibit 55: EUROTECH Spa – Overview
    • Exhibit 56: EUROTECH Spa – Business segments
    • Exhibit 57: EUROTECH Spa – Key news
    • Exhibit 58: EUROTECH Spa – Key offerings
    • Exhibit 59: EUROTECH Spa – Segment focus
  • 10.6 Generalscan Electronics Co. Ltd.
    • Exhibit 60: Generalscan Electronics Co. Ltd. – Overview
    • Exhibit 61: Generalscan Electronics Co. Ltd. – Product and service
    • Exhibit 62: Generalscan Electronics Co. Ltd. – Key offerings
  • 10.7 Honeywell International Inc.
    • Exhibit 63: Honeywell International Inc. – Overview
    • Exhibit 64: Honeywell International Inc. – Business segments
    • Exhibit 65: Honeywell International Inc. – Key news
    • Exhibit 66: Honeywell International Inc. – Key offerings
    • Exhibit 67: Honeywell International Inc. – Segment focus
  • 10.8 Opticon Sensors Europe BV
    • Exhibit 68: Opticon Sensors Europe BV – Overview
    • Exhibit 69: Opticon Sensors Europe BV – Product and service
    • Exhibit 70: Opticon Sensors Europe BV – Key offerings
  • 10.9 Shenzhen Alacrity Barcode Technology Co. Ltd.
    • Exhibit 71: Shenzhen Alacrity Barcode Technology Co. Ltd. – Overview
    • Exhibit 72: Shenzhen Alacrity Barcode Technology Co. Ltd. – Product and service
    • Exhibit 73: Shenzhen Alacrity Barcode Technology Co. Ltd. – Key offerings
  • 10.10 Shenzhen Unique Electronic International Ltd.
    • Exhibit 74: Shenzhen Unique Electronic International Ltd. – Overview
    • Exhibit 75: Shenzhen Unique Electronic International Ltd. – Product and service
    • Exhibit 76: Shenzhen Unique Electronic International Ltd. – Key offerings
  • 10.11 Unitech Electronics Co Ltd.
    • Exhibit 77: Unitech Electronics Co Ltd. – Overview
    • Exhibit 78: Unitech Electronics Co Ltd. – Product and service
    • Exhibit 79: Unitech Electronics Co Ltd. – Key offerings
  • 10.12 Zebra Technologies Corp.
    • Exhibit 80: Zebra Technologies Corp. – Overview
    • Exhibit 81: Zebra Technologies Corp. – Business segments
    • Exhibit 82: Zebra Technologies Corp. – Key news
    • Exhibit 83: Zebra Technologies Corp. – Key offerings
    • Exhibit 84: Zebra Technologies Corp. – Segment focus

11 Appendix

  • 11.1 Scope of the report
  • 11.2 Currency conversion rates for US$
    • Exhibit 85: Currency conversion rates for US$
  • 11.3 Research methodology
    • Exhibit 86: Research Methodology
    • Exhibit 87: Validation techniques employed for market sizing
    • Exhibit 88: Information sources
  • 11.4 List of abbreviations
    • Exhibit 89: List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.



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