2D Barcode Reader Market to Grow with a CAGR of 8.59% Globally through to 2028
2D Barcode Reader is increasing due to rising demand
for accurate real-time data capture solutions across various industries in the
forecast period, 2024-2028.
According to TechSci Research report, “Global 2D
Barcode Reader Market - Industry Size, Share, Trends, Competition Forecast
& Opportunities, 2028 Global 2D Barcode Reader market has witnessed
tremendous growth in recent years, reaching a valuation of USD 7.43 billion in
2022. The market is projected to continue its strong upward trajectory, posting
a CAGR of 8.59% from 2024 to 2028. 2D barcode reader solutions have gained prominence
driven by their widespread adoption across diverse industries globally.
Critical sectors such as healthcare, logistics and manufacturing recognize
barcode scanning as a key tool for supply chain optimization.
Stringent tracking and traceability regulations
governing sterile and sensitive operations have compelled organizations to
invest in 2D barcode reader technologies. Industries like pharmaceuticals rely
on barcode scanning to ensure compliance with product labeling requirements. To address unique workflow needs, companies are
partnering with leading scanner providers to develop customized solutions.
These collaborations have resulted in integrated offerings empowering real-time
inventory visibility and dynamic production control. Advanced scanning
platforms equipped with AI and IoT capabilities are enabling predictive
analytics and data-driven decision making.
The development of innovative scanning techniques such
as omni-directional scanning and high-speed 2D imaging is also fueling market
growth. Such innovations allow evaluating products from multiple angles. Integration of barcode scanning with ERP systems is
poised to revolutionize efficiency. This fusion of technologies promises
improved accuracy, reduced processing times and optimized resource planning.
Government support through e-governance initiatives
mandating product traceability will continue driving investments in intelligent
scanning infrastructure. As industries increasingly rely on data-driven
operations, demand for advanced 2D barcode reader solutions is projected to
rise significantly. In conclusion, strong industry tailwinds and the focus
on supply chain visibility point towards continued expansion of the global 2D
barcode reader market in the coming years.
Browse over XX market data Figures spread
through XX Pages and an in-depth TOC on "Global 2D
Barcode Reader Market.”
The 2D Barcode Reader Market is
segmented into various categories based on the type of technology, product
type, and industry vertical.
By technology, imager scanners dominated
the market in 2022 with over 40% share owing to their versatility and ability
to scan barcodes from any direction or angle. Camera-based readers are expected
to witness the fastest growth during the forecast period. By product type, portable/handheld
readers held the largest share exceeding 60% in 2022. However, wearable readers
are poised to grow at the highest CAGR during 2023-2033 due to increasing
hands-free scanning requirements in warehouses and distribution centers. In terms of industry vertical, retail
and e-commerce emerged as the dominant segment with a share of over 25% in
2022. Healthcare and life sciences is anticipated to increase at the fastest
pace owing to rising need for accurate real-time tracking of medical equipment,
supplies and patient records.
Regionally, North America accounted for
the largest revenue share of approximately 35% in 2022 followed by Europe.
However, Asia Pacific is projected to expand at the fastest rate owing to
growing industrialization and manufacturing activities in China and India.
Major companies operating in Global 2D Barcode
Reader Market are:
- Zebra Technologies
Corporation
- Honeywell International Inc
- Cognex
Corporation
- Datalogic
S.p.A
- NCR Corporation
- Denso Wave Incorporated
- Microscan Systems, Inc
- Opticon
Sensors Europe B.V
- SICK AG
- Shenzhen Bluebird Auto-ID
Tech Co., Ltd
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“Public sector organizations have increasingly relied
on 2D barcode reader solutions to optimize supply chain operations through
data-driven insights. Barcode scanning technologies enable real-time monitoring
of inventory levels, asset locations and product expiration dates.
This allows agencies to generate predictive analytics,
automate distribution workflows and ensure regulatory compliance. Customizable
scanning programs help streamline processes for cost savings while
strengthening controls.
Leading government entities have partnered with major
scanner providers to digitize logistics functions. The integrated solutions
improve response coordination, provide situational awareness through mobile
access and facilitate compliance management.
Vendors continue advancing offerings through
innovations in AI, IoT and cybersecurity. This ensures secure, scalable and
interoperable solutions for diverse public sector scanning needs.
Ongoing R&D and growing focus on digital
transformation indicate barcode scanning solutions will play a pivotal role in
supply chain visibility. Partnerships and compliance with emerging e-governance
standards are expected to sustain high growth. The long-term outlook for 2D
barcode readers in public sector logistics remains positive.” said Mr. Karan
Chechi, Research Director with TechSci Research, a research-based management
consulting firm.
“2D
Barcode Reader Market by
Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028, Segmented by Type of
Technology (CCD (Charge-Coupled Device) Scanners, Laser Scanners, Imager
Scanners, Pen-Type Scanners, Camera-Based Readers), By Product Type (Portable/Handheld Barcode Readers,
Stationary/Fixed-Mount Barcode Readers, Wearable Barcode Readers) By
Industry Vertical (Retail
and E-commerce, Healthcare and Life Sciences, Automotive and Aerospace, Manufacturing
and Industrial, Food and Beverage, Energy and Utilities, IT and
Telecommunications, Aerospace and Defense, Others) By Region, By Competition”, has evaluated the future growth potential of Global
2D Barcode Reader Market and provides
statistics & information on market size, structure and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global 2D Barcode Reader Market.
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