Portable Scanner Market Size, Share, Growth and Global Industry Analysis By Type (Laser Scanners, Linear Imager, And, 2D Imager) By Application (Transport Logistics, Retail Stores, Industrial Production, And Others), Regional Insights, and Forecast To 2031

Portable Scanner Market Report Overview

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The global portable scanner market size is anticipated to be worth USD 1538.6 million in 2022 and is projected to touch USD 2193.6 million by 2031 with a CAGR of 4.0% during the forecast period.

Portable scanners are also known by the name handheld scanners. These portable scanners are small, electronic devices, that help in capturing documents as well as images. Once they are captured, they are very quickly turned into a digital format. These scanners are lightweight as well as small. As a result, they can be carried anywhere with a lot of ease and hence are named as portable scanners.

The global potable scanners will have witnessed many new changes due to the technological advancements. The miniaturization of scanners has been a new development. This can be considered as the latest technology in the market.  A few factors are responsible for the successful development of a market. these global portable scanners also have a role in the medical industry. The incorporation of advanced technologies has had a positive impact on the market. These factors have contributed in the global portable scanner market growth.

COVID-19 impact: Demand for The Product During the Pandemic Increased the Market Growth

The global COVID-19 pandemic has been unprecedented and staggering, with the portable scanner market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The rise in CAGR is attributable to the portable scanner market growth and demand returning to pre-pandemic levels once the pandemic is over.

The pandemic of COVID-19 badly hit all industries and markets across the globe. There was a steep decline in the sales of all the products due to lockdowns and strict social distancing norms. However, the portable scanner market saw a rise in its sales during the pandemic, due to its convenience.

People could easily rely on this scanner to scan all their documents. Portable scanners are very easy to use, handy and reliable. People working from home started using this product to a great extent. The market value increased, as the number of people working from home increased. Hence, the portable scanners market saw steady growth during the pandemic. But the reduced outputs or production of these scanners during the pandemic brought down a portion of the market share.

LATEST TRENDS

"Growing Trend of Miniaturization In Electronic Devices To Increase The Market Growth"

One of the most interesting trends in the market currently is the miniaturization of electronic devices. Reducing the size of huge electronic devices will make them more desirable to use as they are much more convenient and can be accessed quicker than the big one. The miniaturization of scanners has been a new development and is helping in the growth of the market.

Also, the growing popularity of smart phones and more importantly wireless communication is representing the best opportunities for the rapid development of the global portable scanner market. In the corporate sector, there is a rise in demand for wireless portable scanners which are used for scanning documents, bills, and receipts. This demand for the product has propelled the market growth. 

Portable Scanner Market Segmentation

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• By Type

The market can be divided on the basis of type into the following segments:

Laser Scanners, Linear Imager, and, 2D Imager. The laser scanner segment is anticipated to dominate the market during the forecast period.

• By Application

Classification based on application into the following segment:

Transport logistics, retail stores, industrial  production, and other. The transport logistics segment is predicted to dominate the market during the research period.

DRIVING FACTORS

"Use Of the Portable Scanners in Medical Field to Fasten the Market Growth"

Along with being used in the corporate sector, for scanning files, documents, receipts, and cards for business travel, these global portable scanners also have a role in the medical industry. Due to the usage of these scanners in the medical field there are tremendous prospects for its growth in the forecast period.

These scanners are made use in pharmacies for the purpose of inspecting the drugs and medications being produced in the labs. They also are very helpful in keeping a digital track record of the patients in a hospital. They provide improved care in clinics as well as hospitals. The role played by these scanners in the medical field has created many lucrative growth opportunities for the market.

"Incorporation of Advanced Technologies into these Scanners to Propel the Market Growth "

The key industry players of the market are taking a step further to introduce new technologies in the market. The incorporation of advanced technologies has had a positive impact on the market.

AI or artificial intelligence, three dimensional (3D) lasers, along with the feature of auto scan are some of the technologies adopted by the manufacturers. This enhances the functionality of the product. Portable scanners that can withstand infections are now available in the market. This can be considered as a factor restraining the global portable scanner market share.

RESTRAINING FACTOR

"Cost and the Scan Quality of This Device to Bring Down the Market Growth"

One of the key concerns when it comes to portable scanners are their budget. Until and unless it is bought in bulk by huge industries, they are very costly. It is difficult to afford they on a small-scale. The less affordability can prove to be problem. Quality of the scanning might as well deteriorate. The reduced size of this scanner reduces the resolution of the images scanned and can lead to poor quality images. These are the restrains of the market.

Portable Scanner Market Regional Insights

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"Asia Pacific to Dominate the Market in The Upcoming Years"

The region that predominantly dominates the market is Asia Pacific. It holds the largest market share generating high revenue and profits. Many factors have been favorable for the growth of the market in Asia Pacific.

The growing corporate entities, implementation of advanced technologies, high usage of portable scanners during medical emergencies, and the presence of more producers and market players in this region has contributed in the growth of the market in Asia Pacific.

Key Industry Players

"Leading Players adopt Acquisition Strategies to Stay Competitive "

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

LIST OF TOP PORTABLE SCANNER COMPANIES

• Motorola Solutions (U.S.)
• Honeywell (U.S.)
• Datalogic (Italy)

Report Coverage

The report provides insight into the industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with regional insights. Market dynamic forces during the forecast period have also been discussed for a better understanding of the market situations