Wearable Barcode Scanner Market Size, Share, Growth, and Industry Growth by Type (Ring Scanner, Glove Scanner and Others) By Application (Warehouse & Logistics, Retail & Wholesale and Others) Regional Forecast From 2023 To 2030

Updated On: 20 November 2023

WEARABLE BARCODE SCANNER MARKET REPORT OVERVIEW

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The global wearable barcode scanner market size is expected to be USD 14 million in 2022 and the market is projected to touch USD 24.19 million by 2030, exhibiting a CAGR of 6.5% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with wearable barcode scanner experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.

The productivity and efficiency of mobile processes that demand fluid, free-hand scanning are increased by wearable barcode scanners, also known as wrist-worn barcode scanners. Wearable Bluetooth scanners are ergonomic and tough, making them ideal for usage in challenging conditions. Flexible wearable barcode scanners provide for freedom of movement while scanning barcodes swiftly, safely, and conveniently. Various advanced features, ease of use, and convenience offered by these scanners will boost their demand in the market over the forthcoming years.

COVID-19 Impact: Reduced Shopping Through Offline Channels Affected Technology Demand

The COVID-19 pandemic drastically affected the wearable barcode scanner market growth due to supply chain disruptions and shortage in raw materials was also observed. Shortage of labor and strict protocols such as lockdowns and restrictions on movement created roadblocks, disruptions in end-use sectors of the product led to lower demand. Lockdown restrictions and reduced shopping through offline channels such as retail stores, grocery outlets, supermarkets, hypermarkets, and others led to a weakened demand, impacting the market outlook.

LATEST TRENDS

"Increasing use of the Technology in Different Sectors to Push the Market Growth"

When it comes to tracking and recording product information, barcoding has become standard. High-end barcode scanners have been embraced in North America by a variety of businesses. These scanners include stationary, omnidirectional, cordless, robust, and tough scanners. When compared to other technologies used, the growth rate of barcode scanner technologies like CCD and pen type readers is slower. The creation of specialized barcode scanners for particular uses, such as barcode scanners for use with entry tickets for amusement parks and hospitals, is another trend.

Recently, Honeywell revealed new products including the Xenon XP and Voyager XP that have housing that is suitable for disinfectants. These scanners can readily read even the most challenging or damaged barcodes. Similar product launches will work in favor of the wearable barcode scanner market share in the coming years.

WEARABLE BARCODE SCANNER MARKET SEGMENTATION

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• By Type Analysis

By type, market is segmented into ring scanner, glove scanner and others. The ring scanner segment will dominate the market in the coming years.

• By Application Analysis

Based on applications, the market is classified into warehouse & logistics, retail & wholesale and others. The warehouse & logistics segment will lead the global share through 2028.

DRIVING FACTORS

"High Comfort Level of Use to Increase the Market Demand"

The hands-free flexibility and downtime reduction offered by wearable barcode scanners may be done while maintaining the highest levels of comfort and use. The system avoids costly picking mistakes, eliminates needless downtime, and greatly improves scan performance while lowering operator fatigue. Due to these benefits, a large number of offline stores including retail stores, grocery outlets, supermarkets, hypermarkets, and others are adopting the technology. Rapid adoption across these channels will boost the wearable barcode scanner market share in the coming years.

"Compact Size and Ease of Using to Accelerate the Market for the Product"

A wearable barcode scanner doesn't need to be picked up and placed down. In essence, this is what results in the huge time savings. Thus, wearable barcode scanners may greatly minimize picking mistakes when used with the optional worker feedback. The simplicity of integration and deployment is yet another important benefit. It offers a range of simple connectivity and access options that make rollout incredibly straightforward and hasten return on investment. The sturdy industrial wearables are the tiniest and lightest barcode scanners in the world, being only a little bigger than a matchbox and weighing around two ounces. This relieves worker weariness in a significant way.

WEARABLE BARCODE SCANNER MARKET REGIONAL INSIGHTS

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"North America to Hold the Highest Wearable Barcode Scanner Market Share Through 2028"

North America is expected to hold the dominant market share between 2022 and 2028. The market for wearable barcode scanners is anticipated to grow more rapidly in North America. The region is projected to expand at a significant CAGR during the projected timeframe. Over the course of the forecast period, it is anticipated that sales of wearable barcode scanners will grow significantly, exhibiting significant growth. In North America, the use of wearable barcode scanners is expanding quickly in both production and retail. Wearable barcode scanners have emerged as one of the most effective methods for gathering product data. Retailers all over the world to easily record suppliers and goods use Barcodes.

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 in 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 portfolio.

List of Market Players Profiled

• Honeywell (U.S.)
• Datalogic (Italy)
• Zebra (U.S.)
• Newland (China)
• Unitech (India)
• ProGlove (Germany)
• RIOTEC (China)
• Generalscan (China)
• Denso Corporation (Japan)
• ACD Group (Germany)

REPORT COVERAGE

The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes a number of other factors that have contributed to recent growth.