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Global Barcode Reader Market to reach USD 12.06 billion by the end of 2030

Global Barcode Reader Market Size Study & Forecast, by Type (Handheld, Fixed) by Application (Logistics and Warehousing, Industrial Manufacturing, Retail, and Wholesale, Healthcare, Others) and Regional Analysis, 2023-2030

Product Code: EESC-90685541
Publish Date: 20-10-2023
Page: 200

Global Barcode Reader Market is valued at approximately USD 7.4 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 6.3% over the forecast period 2023-2030. A barcode reader is a device used to capture and interpret information encoded in barcodes. Barcodes are graphical representations of data that consist of parallel lines or patterns of dots. They are widely used in various industries for product identification, inventory management, and tracking purposes. Barcode readers use optical sensors or laser beams to scan the barcode image and convert it into a digital format that can be read and processed by a computer or other electronic system. The Barcode Reader market is expanding because of factors such as increasing use in retail and manufacturing industries and the rising e-commerce industry across the globe.

In the e-commerce industry, barcodes play a crucial role in streamlining various operations, such as inventory management, order tracking, and logistics. Barcodes enable quick and accurate identification of products and help automate processes, resulting in increased efficiency and reduced human errors. Barcode readers are used to scan barcodes on products, packages, and shipping labels, providing real-time data capture and integration with e-commerce systems. According to the International Trade Administration, in the year 2019, the global sales from the e-commerce industry stood at USD 3354 billion which increased to USD 5424 billion in the year 2022 and it is projected to reach USD 6388 billion by year 2024. Thus, the rising e-commerce industry is driving market growth. In addition, rising industrial automation and IoT integration as well as rising technological advancement in barcode reader technology is creating lucrative growth in the market. However, the availability of different alternatives such as RFID (Radio Frequency Identification) or NFC (Near Field Communication) and the lack of Standardization stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Barcode Reader Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to factors such as the rising e-retail industry, rising technological advancements, rising presence of key market players, and adoption of digital technologies across various industries. Whereas, Asia Pacific is projected to grow at the fastest rate owing to factors such as rising e-commerce industry, rising number of e-retailers, rising development of barcode technology and rising industrial automation in the region.

Major market player included in this report are:
Zebra Technologies Corp
Honeywell International Inc.
Cognex Corporation
SATO Holdings Corporation
Motorola Solutions, Inc.
Wasp Barcode Technologies, LLC
Denso Corporation
Datalogic S.p.A.
Opticon Inc.
Unitech Electronics Co., LTD.

Recent Developments in the Market:
Ø In March 2023, Cognex Corporation released the DataMan 282 fixed-mount barcode reader, which comes with an optional dome lighting attachment and a high-powered integrated torch (HPIT). By enhancing illumination contrast and minimizing glare and background interference, these lighting components improve the product’s ability to read direct-part marks (DPMs).
Ø In Aug 2021, Code Corporation, a leader in barcode scanning and data capture technology, introduced the Code Scanner 5200 (CR5200), a fast, omnidirectional scanner for 1D and 2D barcode symbologies. The CR5020 and CR5025 are now End of Life (EOL), and the CR5200 offers a number of improvements over its forerunners.

Global Barcode Reader Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Type, Application, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
By Application:
Logistics and Warehousing
Industrial Manufacturing
Retail and Wholesale

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Barcode Reader Market, by Region, 2020-2030 (USD Billion)
1.2.2. Barcode Reader Market, by Type, 2020-2030 (USD Billion)
1.2.3. Barcode Reader Market, by Application, 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Barcode Reader Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Barcode Reader Market Dynamics
3.1. Barcode Reader Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Increasing use in retail and manufacturing industries Rising e-commerce industry across the globe.
3.1.2. Market Challenges Availability of different alternative Lack of Standardization
3.1.3. Market Opportunities Rising industrial automation and IoT integration Rising technological advancement in barcode reader technology
Chapter 4. Global Barcode Reader Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Barcode Reader Market, by Type
5.1. Market Snapshot
5.2. Global Barcode Reader Market by Type, Performance – Potential Analysis
5.3. Global Barcode Reader Market Estimates & Forecasts by Type 2020-2030 (USD Billion)
5.4. Barcode Reader Market, Sub Segment Analysis
5.4.1. Handheld
5.4.2. Fixed
Chapter 6. Global Barcode Reader Market, by Application
6.1. Market Snapshot
6.2. Global Barcode Reader Market by Application, Performance – Potential Analysis
6.3. Global Barcode Reader Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Barcode Reader Market, Sub Segment Analysis
6.4.1. Logistics and Warehousing
6.4.2. Industrial Manufacturing
6.4.3. Retail and Wholesale
6.4.4. Healthcare
6.4.5. Others
Chapter 7. Global Barcode Reader Market, Regional Analysis
7.1. Top Leading Countries
7.2. Top Emerging Countries
7.3. Barcode Reader Market, Regional Market Snapshot
7.4. North America Barcode Reader Market
7.4.1. U.S. Barcode Reader Market Type breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030
7.4.2. Canada Barcode Reader Market
7.5. Europe Barcode Reader Market Snapshot
7.5.1. U.K. Barcode Reader Market
7.5.2. Germany Barcode Reader Market
7.5.3. France Barcode Reader Market
7.5.4. Spain Barcode Reader Market
7.5.5. Italy Barcode Reader Market
7.5.6. Rest of Europe Barcode Reader Market
7.6. Asia-Pacific Barcode Reader Market Snapshot
7.6.1. China Barcode Reader Market
7.6.2. India Barcode Reader Market
7.6.3. Japan Barcode Reader Market
7.6.4. Australia Barcode Reader Market
7.6.5. South Korea Barcode Reader Market
7.6.6. Rest of Asia Pacific Barcode Reader Market
7.7. Latin America Barcode Reader Market Snapshot
7.7.1. Brazil Barcode Reader Market
7.7.2. Mexico Barcode Reader Market
7.8. Middle East & Africa Barcode Reader Market
7.8.1. Saudi Arabia Barcode Reader Market
7.8.2. South Africa Barcode Reader Market
7.8.3. Rest of Middle East & Africa Barcode Reader Market

Chapter 8. Competitive Intelligence
8.1. Key Company SWOT Analysis
8.1.1. Company 1
8.1.2. Company 2
8.1.3. Company 3
8.2. Top Market Strategies
8.3. Company Profiles
8.3.1. Zebra Technologies Corp Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
8.3.2. Honeywell International Inc.
8.3.3. Cognex Corporation
8.3.4. SATO Holdings Corporation
8.3.5. Motorola Solutions, Inc.
8.3.6. Wasp Barcode Technologies, LLC
8.3.7. Denso Corporation
8.3.8. Datalogic S.p.A.
8.3.9. Opticon Inc.
8.3.10. Unitech Electronics Co., LTD.
Chapter 9. Research Process
9.1. Research Process
9.1.1. Data Mining
9.1.2. Analysis
9.1.3. Market Estimation
9.1.4. Validation
9.1.5. Publishing
9.2. Research Attributes
9.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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