Global Barcode Scanner Market is valued at USD 7.55 Billion in 2021 and is expected to reach USD 11.85 Billion by 2028 with a CAGR of 7.80% over the forecast period.
The global barcode scanner market has been driven by the growth in the retail sector in the countries which are developing. The global barcode scanner market has been valued significantly in the last few years and has been expected to see a growth in the next few years in the forecast period.
The barcode scanners are using the high-resolution capturing a lot of barcodes together. As of now, the barcode scanners are becoming among the best solutions for the managing and recording of the product information without the making of any major effort manually. The barcode scanner or a device known as the barcode reader is known as a device which captures as well as reads the information from a particular barcode and transfers it to the computer which has been connected to it. Barcode Reader is comprising of the scanner, one decoder along with the cable which is connected with the computer. The computer which is connected is used for decoding the data which is captured with the software’s help.
The global barcode scanner market has been segmented majorly in terms of product type, applications as well as scanner type. In terms of applications, the segment of healthcare application has been expected to have the biggest share in the market in the period of forecast. As the barcode scanners are used for rectifying the errors which are possible and therefore, the demand has been increasing in the industry of application. The industry of transportation and logistics has been adopting the barcode scanners. Such readers are incorporating the latest technologies of imaging which are used in the digital cameras and image sensors. In terms of the region, the market of barcode scanner has been segmented into the regions of Asia Pacific, Middle East & Africa, Europe as well as Latin America.
The factors which are internal and external had been supposed to affect the business in a manner which is positive as well as negative. The global barcode scanner market has been driven by the growth in the retail sector in the countries which are developing. Further, the factors like the rising power of the population, increasing income levels of per capita, introduction of the new products into the markets, growing of the e-commerce sector, the advancement technically in the 2D imaging technology have been boosting the growth of the market in the globe in the forecast period. The high cost however of installation has been expected for hampering the growth of market of the global barcode scanner in the forecast period.
North America has been holding the biggest market share in the market and has been expected to stay dominance in the forecast period because of the increasing use of the barcode scanners in the industries of retail and manufacturing in the region. This region has been followed by Europe and APAC. Asia Pacific has been touted to see the greatest expansion as it is an emerging market growth of the barcode scanner because of the expanding retail, logistics and the healthcare sectors as well as the increase in retail chains numbers.
|2018 - 2021
|2022 - 2029
|Market Size in 2021:
|USD 7.55 Billion
|Base year considered
|Forecast Period CAGR %:
|Market Size Expected in 2028:
|USD 11.85 Billion
|Tables, Charts & Figures:
|Barcode Scanner Companies
|Zebra Technologies Corporation, Honeywell International, SATO holdings Corporation, Cognex Corporation, Toshiba TEC Corporation
|By Product Type, By Application
|North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa
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