Automatic Identification And Data Capture (AIDC) Market

Global Automatic Identification And Data Capture (AIDC) Market is valued at USD 50.82 Billion in 2021 and is expected to reach USD 133.54 Billion by 2028 with a CAGR of 14.8% over the forecast period.

Scope of Automatic Identification and Data Capture (AIDC) Market-

Automatic identification and data capture (AIDC) or automatic data capture system is an improved technique used for the automatic recognition of assets and objects, gather information, and record figures directly into computer systems. It is a class of innovative technology that is used to collect information from diverse sources like individuals, picture, question, or sound deprived of manual material section. It is also recognized as the technique used for the identification as well as recognition of entities. AIDC services are transducer to transform and record actual data into a digital file. This digital file includes audio, images, and other digital data that can be unswervingly arrived at a computer without human intervention.

Moreover, AIDC applications are supplementary fall into one of a few groups such as interfaces, tracking validation, and identification. Some of the frequently used AIDC tools contain magnetic strips, barcode scanners, optical character recognition (OCR), smart cards, fingerprint scanners (biometric systems), and radio frequency identification (RFID) systems. These tools accomplish activities, like machine scanning, data encoding, and data decoding. AIDC is one of the recent technological advancements benefitted various manufacturers distribution centers warehouses and others. This technology is used for the data collection, classification, storage, and analysis to simplify the entire process without any additional efforts. Also, they are used for the asset, security and workflow, inventory management, and management.

The advent of Covid-19 deteriorated the progress rate of the automatic identification and data capture market in 2020. As well, the market throughout Covid-19 was predominantly hit by lots of hindrances, comprising the obtainability of resources and skillful workforce that acted as a limiting factor for manufacturing and logistics sectors. However, the upsurge in the demand for e-commerce corresponding with the upwelling in demand for digital infrastructure diagonally the government and retail sector fueled the market growth during the pandemic. Thus, it is anticipated to offer rewarding growth opportunities for automatic identification and data capture market in the coming years.

Global Automatic Identification and Data Capture (AIDC) Market: Global Size, Trends, Competitive, Historical & Forecast Analysis to 2022-2028, Escalating demand for automatic identification and data capture (AIDC) in the warehousing and recent developments in this field across the world are some of the major factors driving the growth of Global Automatic Identification and Data Capture (AIDC) Market.

The Global Automatic Identification and Data Capture (AIDC) Market is segmented on the basis on offering, product, industrial vertical, and region & country level. Based on offering, the automatic identification and data capture (AIDC) market is classified as hardware, solution, and service. Based on product, the market is categorized as smart cards, RFID systems, barcoding solutions, heads-up displays, optical character recognition (OCR) systems, biometric systems, magnetic stripe cards, voice-directed WMS, wearables and other. Based on industrial vertical, the automatic identification and data capture (AIDC) market is classified as BFSI, manufacturing, retail, transportation & logistics, hospitality, healthcare, government, and others.

Automatic Identification and Data Capture Companies-

Global Automatic Identification and Data Capture (AIDC) Market reports cover prominent players like

• Honeywell
• Zebra Technologies
• SICK AG
• Cognex Corporation
• Toshiba
• Panasonic Corporation
• Thales
• NXP Semiconductors N.V
• Datalogic
• NEC Corporation
• Newland Europe BV
• Bluebird Inc
• Better Online Solutions Ltd.
• Alien Technology Corporation
• others

Automatic Identification and Data Capture (AIDC) Segmentation-

By Offering

• Hardware
• Solution
• Service

By Product

• Smart cards
• RFID systems
• Barcoding solutions
• Heads-up displays
• Optical character recognition (OCR) systems
• Biometric systems
• Magnetic stripe cards
• Voice-directed WMS
• Wearables
• Other

By Industrial Vertical

• Manufacturing
• Transportation & logistics
• Hospitality
• Healthcare
• Government

By Regional & Country Level:

• North America

  • U.S.
  • Canada

• Europe

  • U.K.
  • France
  • Germany
  • Italy

• Asia Pacific

  • China
  • Japan
  • India
  • Southeast Asia

• Latin America

  • Brazil
  • Mexico

• Middle East and Africa

  • GCC
  • Africa
  • Rest of Middle East and Africa

Automatic Identification and Data Capture (AIDC) Market Dynamics-

The growing e-commerce industry is one of the major factors fueling the demand for automatic identification and data capture (AIDC) in the warehouse automation industry. The implementation of AIDC technology is not only helping the e-commerce industry to mechanically recognize the items, gather the figures with great precision and accuracy, but also entering these records automatically into the computer system. The e-commerce segment has become more viable than ever and massively impacted this business. For instance, U.S. e-commerce was cultivated by above 40% in 2020. Also, there are nearly 3.4 billion e-commerce users globally as well as cross-border e-commerce sales all-inclusive increase by almost 20% in 2020. Distinctive applications of these solutions in the e-commerce business and warehouse management comprise asset, inventory, and workflow management; order fulfillment, and diminishing the queuing and transaction period among several others. Hence, the growing e-commerce industry is dynamically enhancing the expansion of automatic identification and data capture market growth worldwide.

In addition, rising number of small and medium scale businesses are also supplementing the demand for automatic identification and data capture (AIDC) for better management of warehousing in the various industries. Furthermore, an increasing number of offerings in this field is also fostering market growth. For example, on November 26th, 2021; Handheld introduced a new wearable RS60 ring scanner a comfortable hands-free scanning solution used in warehouses, retail, distribution, and other situations requiring mobile scanning.

However, high cost of installation is one of the significant factors preventing the implementation of automatic identification and data capturing products by small and medium-sized enterprises. Despite this, the mounting use of AIDC technologies in developing economies and the differentiated incorporation of AIDC schemes through the healthcare segment create newfangled growth opportunities for the further growth of the market across the globe.

Automatic Identification and Data Capture (AIDC) Market Regional Analysis-

The regions covered in Automatic Identification and Data Capture (AIDC) Market report are North America, Europe, Asia-Pacific, and Rest of the World. Based on country level, the automatic identification and data capture market is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, Southeast Asia, Middle East Asia, GCC (UAE, Saudi Arabia, Kuwait), Africa, etc.

Asia Pacific is expected to witness a significant growth in the global automatic identification and data capture (AIDC) market owing to numerous factors which include consistently booming e-commerce industry, rising government legislation on the use of AIDC technology, and many more. The adoption of biometric systems spike between 79.4% for the public sector and around 20.6% for the commercial segment, with fingerprint recognition the modality maximum deeply capitalized in by both public and private administrations. Unsurprisingly, the countries contributing the maximum implementation opportunity are the world’s two most populated countries, China and India. Moreover, the momentous occurrence of numerous market players, such as Godex (Taiwan), SATO (Japan), Panasonic (Japan), Toshiba (Japan), and Optoelectronics (Japan), in the region is expected to boost the progress of the automatic identification and data capture market.

North America is expected to account for the major market share in the global automatic identification and data capture (AIDC) market over the forecast period. The U.S. has always been at the forefront of the world map when it comes to technological advancement. Rising investment in automatic identification and data capture is one of the aspects contributing to expanding the market growth in North America. For instance, Cognex (US) has its In-Sight Explorer software featuring support for the OPC Unified Architecture standard in December 2019. As well, BIO-key international had announced the launch of biometric fingerprint scanners which are used for enhancing authentication security. Loads of major, mid and small-sized businesses are investing in this sector to maintain their overall assets. This is eventually creating incredible market value for automatic identification and data capture.

Recent Development-

Handheld Introduced New Wearable RS60 Ring Scanner

26th August 2021; Handheld Group, has launched the RS60 Ring Scanner, a comfortable hands-free scanning solution for use in warehouses, retail, distribution and other situations requiring mobile scanning. This device is the second newly introduced wearable line from Handheld following the SP500X ScanPrinter which was released earlier.

Report Analysis	Details
Historical data	2016 - 2021
Forecast Period	2022 - 2029
Market Size in 2021:	USD 50.82 Billion
Base year considered	2020
Forecast Period CAGR %:	14.8%
Market Size Expected in 2028:	USD 133.54 Billion
Tables, Charts & Figures:	175
Pages	300
Automatic Identification and Data Capture Companies	Honeywell,  Zebra Technologies, SICK AG, Cognex Corporation, Toshiba, Panasonic Corporation, Thales, and NXP Semiconductors N.V, Datalogic, NEC Corporation,Newland Europe BV , Bluebird, Inc, Better Online Solutions Ltd., Alien Technology Corporation & others
Segments Covered	By Offering, By Product, By Industrial Vertical
Regional Analysis	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