Barcode Readers Market Size, Share, Growth, And Industry Analysis By Type (Laser Barcode Scanners, Optical Imager Barcode Scanners) By Application (Healthcare, Manufacturing and Industry, Transportation and Logistics, Retail, Others) Regional Forecast to 2028

Updated On: 13 March 2023

Report Overview

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The global barcode readers market size was valued at USD 2.768 billion in 2021 and the market is expected to reach USD 3.994 billion by 2027, exhibiting a compound annual growth rate (CAGR) of 6.3% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with barcode readers market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.

A barcode scanner (otherwise called a Barcode reader scanner or valuing scanners, or retail location (POS) scanners) is an optical scanner that can read printed scanner tags, disentangle the information inside the Barcode reader, and send the data to a PC. It is comprised of a light source, a focal point, and a light sensor that changes over optical signs into electrical signs. Also, essentially all barcode readers incorporate decoder hardware fit for dissecting the Barcode reader picture information delivered by the sensor and moving the Barcode reader's data to the scanner's result port.

General stores and significant retail chains regularly have barcode reader. As far as item data following and recording, barcoding has now turned into the norm. Various ventures in North America have executed top of the line barcode scanners like cordless scanners, vigorous scanners, omnidirectional scanners, and fixed scanners. One more arising pattern is the making of committed Barcode reader scanners for explicit purposes, for example, medical clinic barcode scanners and amusement park affirmation tickets. Moreover, Barcode reader scanners have a basic impact in helping an organization's functional proficiency. Barcode reader examining frameworks are turning into a well-known device for working on inside and outer cycles because of advantages like expanded exactness, speed, lower administrative expenses, and better client support. Moreover, the utilization of barcode reader are turning out to be progressively significant in the modern area because of their conservative size, versatility, and three to the half year restitution period. Barcode reader can be separated by innovations, for example, Pen-type readers, Laser scanners, CCD (Charge-Coupled Gadget) readers (otherwise called Drove scanners), Camera-based readers, Omnidirectional Barcode reader scanners, PDA cameras, Cell phones.

COVID-19 Impact: Pandemic Increased the Requirement for Organized Information to Deal with The Clinical Gadgets Increasing the Market Growth

Emergency clinics are utilizing the Barcode reader innovation to follow the stock of clinical gadgets in the midst of the continuous Coronavirus (Covid) episode. Since medical care offices in Brazil, India, Russia, and the U.S. are overpowered with the developing number of dynamic Coronavirus cases, organizations in the barcode readers’ market are assisting medical services laborers deal with their provisions and capital hardware with the assistance of the Barcode reader innovation. There is a rising requirement for organized information to deal with the clinical gadgets stock, which is being made conceivable with the assistance of barcode reader. Consequently, producers in the barcode reader market are assisting these providers with having an organized information set up.

Latest Trends

"Expansion of AR Sparkles Development in sans hands Scanners with Advanced Eyewear"

Sans hands scanners with computerized eyewear have turned into a unique advantage for end clients in retail and planned operations areas. Scandit - a supplier of scanner tag examining programming and innovation arrangements has presented wearable gadgets furnished with barcode filtering and conveys constant criticism that assists clients with overhauling their business tasks. Inventive wearable gadgets are contributing toward ideal development of the barcode reader's market. The multiplication of expanded reality in computerized eyewear barcode reader is reforming the item filtering innovation. Wearable filtering gadgets hold promising possibilities in supplanting costly equipment OEM check motors.

Segmentation

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• By Type Analysis

According to type, the market can be segmented into Laser Barcode Scanners, Optical Imager Barcode Scanners. Laser Barcode Scanners being the leading segment of the market by type analysis.

• By Application Analysis

Based on application, the market can be divided into Healthcare, Manufacturing and Industry, Transportation and Logistics, Retail, Others. Healthcare being the leading segment of the market by application analysis.

Driving Factors

"Imaginative Utilization of Barcode Reader Innovation in Reusing to Drive Market Development"

The Barcode reader innovation is being utilized in a few end markets like medical care, government, producing, business, and so forth. Barcode reader are a consistently evolving innovation, which is being utilized in imaginative ways like in reusing, shopping, and even rainforest logging. The New York-based non-benefit association Recyclebank is expanding its endeavors to apply scanner tags on reusing containers to compensate people with motivators-based reusing. Subsequently, organizations in the barcode reader market can eye valuable open doors in regular green drives to widen their income streams.

"Expanding Interest for Handheld Barcode Reader to Drive the Market Growth"

Handheld barcode reader/scanners empower ideal usage by means of stock administration and resource following. Handheld barcode readers are by and large minimal and lightweight that makes them suitable to cover colossal regions in areas like distribution centers. Handheld barcode readers are very reasonable when contrasted with fixed barcode scanner. Handheld barcode readers are comprehensively embraced by retailing goliaths like Carrefour, Wal-Shop Stores, Tesco, and Metro. Handheld barcode scanners are adaptable; they can scan or filter one-layered scanner tags and two-layered scanner tags. The gadget empowers organizations to save money on upkeep cost.

Restraining Factors

"Accessibility of Substitutes like RFID Readers to Restrict the Market Growth"

RFID-based barcode readers are one of the most mind-blowing choices to supplant barcode readers. Both barcode and RFID innovation are two strategies that are frequently utilized for stock following, resource following, and so on. RFID readers are practical when contrasted with barcode scanners. RFID readers can naturally gather information and it can scan various labels all at once to increment functional effectiveness. Furthermore, RFID readers can scan as well as compose information, though barcode scanners read information as it were. Thusly, the accessibility of substitutes, for example, RFID scanners is one of the significant restrictions in the barcode readers' market.

Regional Insights

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"North America Is Supposed to Set Out All Out Steady Freedom Increasing the Barcode Readers’ Market in the Region"

Right now, barcoding has turned into a standard, all things considered. North America has embraced very good quality barcode scanners like cordless scanners, tough scanners, omni-directional scanners and fixed scanners in various businesses. Barcoding is generally taken on in all districts; nonetheless, every area embraces various advances and frameworks for barcoding. Execution of barcode reader in items was first started in the U.S. when a barcode was imprinted on a pack of biting gum in the mid 1950's. The development pace of barcode scanner advances, for example, CCD and pen type reader is lesser when contrasted with different advancements executed around here. One more pattern is the improvement of devoted Barcode reader scanners for explicit applications, for example, Barcode reader scanners for use in medical clinics and amusement park affirmation tickets.

The APAC market for Barcode reader scanner is probably going to develop at a significant rate during the figure time frame, attributable to a development in the quantity of e-retailers and the presence of a few significant organizations in nations like China, India, Japan, and South Korea. The headway of computerized innovation gives more prominent opportunities to development in the Latin American barcode scanner market.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• SATO Holdings Corporation (Japan)
• Juniper Systems (U.S.)
• Zebra Technologies Corporation (U.S.)
• Wasp Barcode Technologies (U.S.)
• Cognex Corporation (U.S.)
• Scandit AG (Switzerland)
• Datalogic S.P.A (Italy)
• Toshiba TEC Corporation (Japan)
• Honeywell International Inc. (U.S.)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.