Barcode Scanner Market: Global Industry Analysis and Forecast (2021-2027) by Product Type, Technology, End-Use and, Region.

Barcode Scanner Market size was valued at US$ 6.34 Billion in 2020 and the total Barcode Scanner revenue is expected to grow at 7.5% through 2021 to 2027, reaching nearly US$ 10.52 Billion.

Barcode Scanner Market Overview:

A barcode scanner is an electronic device that reads printed barcodes, decrypts the data from the barcode, and sends the data to a centralized network i.e. a computer. It is provided with a light source, a lens, and an optical sensor to convert optical signals into electrical signals. Barcode scanners also contain a decoder circuit that can review the barcode image data given by the sensor and send that data to the output port of the scanner. Two-dimensional barcode scanners are the most popular commodity in the global barcode scanner market along with laser scanners and CCD devices. Barcode scanners are used by retailers and manufacturers around the globe for the record-keeping of manufacturing and delivery dates, product costs, etc. The Global barcode scanner Market Report is a specialized and extensive examination of the barcode scanner market, with a particular emphasis on global market trends and analysis. The purpose of this report is to give an overview of the barcode scanner market, as well as extensive market segmentation by product type, technology, end-use, and geography. During the projected period (2021-2027), the barcode scanner market is predicted to grow rapidly. The research provides important information on the market position of the main barcode scanner market players, as well as significant market trends and opportunities. Barcode Scanner Market To know about the Research Methodology :- Request Free Sample Report

Barcode Scanner Market Dynamics:

The main driver of the global barcode scanner market is its exponentially increasing use by manufacturers, retailers, vendors, suppliers, in different industries e.g. logistics and warehouse, retail & E-Commerce, etc. barcode scanner is the most important tool in these businesses when it comes to product information capture and storage of that data. i.e. cost price, selling price, date of expiry, serial number, etc. This is projected to influence the barcode scanner market in the forecast period (2021-2027). A major restraint of the global barcode scanner market is the threat of other substitutes like RFID (Radio-Frequency Identification) tags which use electromagnetic fields to automatically identify and scan the tags attached to different products. RFID scanning systems are capable of reading multiple patterns at once unlike barcode scanners. Therefore they can scan more products at the same time than a barcode scanner does. Therefore RFID tags are gaining more momentum in the warehouse and logistics markets around the globe. This is projected to hamper the growth of the barcode scanner market in the aforementioned forecast period. The key opportunity in the global barcode scanner market is its increased use in the healthcare industry. The use of barcode scanners in the years 2020 and 2021 in the healthcare industry increased due to the COVID-19 pandemic. This was driven by the constant need for patient record monitoring, drug and vaccine data maintenance, etc. This trend is projected to continue in the same forecast period since more COVID variants like Delta and Omicron keep emerging in different continents.

Barcode Scanner Market Segment Analysis:

By Product Type, the segments are handheld and fixed barcode scanners. The handheld barcode scanner segment held the highest share in the global barcode scanner market in the year 2020. This segment is projected to grow at a CAGR of 3.9% in the forecast period (2021-2027). The demand for handheld barcode scanners is higher than that of fixed barcode scanners. The primary reason behind this is the calibration level difference between the two scanners. The mounted or fixed barcode scanners are less efficient than handheld barcode scanners. This is projected to hamper the growth of the fixed barcode scanner segment in the same forecast period. By Technology, the segments are CCD Readers (also known as LED-based scanners), Omni-directional barcode scanners, Laser-based Scanners, and Pen-Type Reader. CCD (Charge-Coupled Device) based barcode readers are projected to dominate the global barcode scanner market in the year 2027. This can be attributed to a key difference of feature between a CCD barcode reader and a pen-type or laser-based barcode reader. CCD scanner measures ambient light coming from the barcode whereas pen type or laser-based barcode scanners measure reflected light of a certain frequency coming from the scanner itself. Also, these scanners can also be manufactured from CMOS (Complementary Metal Oxide Semiconductor) sensors; resulting in a decreased manufacturing cost. Barcode Scanner Market By End-Use, the segments are Retail & Commercial, General Manufacturing, Logistics & Warehouse and Other. Logistics and Warehouse segment dominated the global barcode scanner market in terms of share in the year 2020 followed by retail and commerce. The logistics and warehouse segment is projected to grow at the highest CAGR of 5.3% in the aforementioned forecast period. The growth in this segment can be attributed to the increased preference of barcode scanners by suppliers and vendors to manage the data of different products in their warehouses. Retail and Commercial segment growth is directly proportional to the demand of handheld barcode sensors since they are used by millions of retail workers on a daily basis around the globe. Barcode Scanner Market

Barcode Scanner Market Regional Insights:

The Asia-pacific region dominated the global barcode scanner market in terms of shares in the year 2020. China was the leading manufacturer and exporter of barcode scanners from this region in 2020. This region is also projected to witness rapid growth in the global barcode scanner market in the forecast period (2021-2027). This can be attributed to the high population and growing retail industry in the Asia-Pacific region. The North American region held the second highest place in the global barcode scanner market in the year 2020. This was due to the presence of major E-commerce giants in the country like Amazon and Walmart. The growth of this region in the barcode scanner market is projected to happen mostly in the warehouse segment. This is due to some of the largest warehouses in the world being present in the United States. (E.g. Tesla Warehouse, California and NASA Vehicle Assembly Building, Florida). The European region is projected to witness significant growth in the global barcode scanner market in the aforementioned forecast period. This can be attributed to Germany and Italy being one of the top exporters of barcode scanners projected to lead the global market in this region in the aforementioned forecast period. The objective of the report is to present a comprehensive analysis of the global Barcode Scanner market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the global Barcode Scanner market dynamics, structure by analyzing the market segments and projecting the global Barcode Scanner market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Barcode Scanner market make the report investor’s guide.

Barcode Scanner Market Scope: Inquiry Before Buying

Global Barcode Scanner Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 6.34 Billion.
Forecast Period 2021 to 2027 CAGR: 7.5 % Market Size in 2027: US $ 10.52 Billion.
Segments Covered: by Product-Type • Handheld • Fixed
by Technology • CCD Readers • Omnidirectional barcode scanners • Laser-based Scanners • Pen-Type Reader
by End-Use • Retail & Commercial • General Manufacturing • Logistics & Warehouse • Other

Global Barcode Scanner Market, by Region

• North America • Europe • Asia Pacific • Middle East and Africa • South America

Global Barcode Scanner Market Key Players

Wasp Barcode Technologies • Datalogic S.P.A • Scandit AG • Juniper Systems • Bluebird • DENSO • NCR • Newland • Opticon • SICK • Zebra Technologies Corporation • OCOM Technologies • JC Square Inc. • SATO Holdings Corporation • Wasp Barcode Technologies • CASIO COMPUTER CO., LTD. • KEYENCE CORPORATION FAQs: 1. Which is the potential market for Barcode Scanner in terms of the region? Ans. Asia-Pacific region is projected to witness rapid growth in the global barcode scanner market in the forecast period (2021-2027). This can be attributed to the high population and growing retail industry in the Asia-Pacific region. 2. What are the opportunities for new market entrants? Ans. The key opportunity in the global barcode scanner market is its increased use in the healthcare industry. 3. What is expected to drive the growth of the market in the forecast period (2021-2027)? Ans. The main driver of the global barcode scanner market is its exponentially increasing use by manufacturers, retailers, vendors, suppliers, in different industries e.g. logistics and warehouse, retail & E-Commerce, etc. 4. What is the projected market size & growth rate of the Barcode Scanner Market? Ans. Barcode Scanner Market size was valued at US$ 6.34 Billion in 2020 and the total Barcode Scanner revenue is expected to grow at 7.5% through 2021 to 2027, reaching nearly US$ 10.52 Billion. 5. What segments are covered in the Barcode Scanner Market report? Ans. The segments covered in this report are product type, technology, end-use and, region.
1. Global Barcode Scanner Market: Research Methodology 2. Global Barcode Scanner Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Barcode Scanner Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Barcode Scanner Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Barcode Scanner Market Segmentation 4.1 Global Barcode Scanner Market, by Application (2020-2027) • Handheld • Fixed 4.2 Global Barcode Scanner Market, by Technology (2020-2027) • CCD Readers • Omnidirectional barcode scanners • Laser-based Scanners • Pen-Type Reader 4.3 Global Barcode Scanner Market, by End-Use (2020-2027) • Retail & Commercial • General Manufacturing • Logistics & Warehouse • Other 5. North America Barcode Scanner Market(2020-2027) 5.1 Global Barcode Scanner Market, by Application (2020-2027) • Handheld • Fixed 5.2 Global Barcode Scanner Market, by Technology (2020-2027) • CCD Readers • Omnidirectional barcode scanners • Laser-based Scanners • Pen-Type Reader 5.3 Global Barcode Scanner Market, by End-Use (2020-2027) • Retail & Commercial • General Manufacturing • Logistics & Warehouse • Other 5.4 North America Barcode Scanner Market, by Country (2020-2027) • United States • Canada • Mexico 6. European Barcode Scanner Market (2020-2027) 6.1. European Barcode Scanner Market, by Application (2020-2027) 6.2. European Barcode Scanner Market, by Technology (2020-2027) 6.3. European Barcode Scanner Market, by End-Use (2020-2027) 6.4. European Barcode Scanner Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Barcode Scanner Market (2020-2027) 7.1. Asia Pacific Barcode Scanner Market, by Application (2020-2027) 7.2. Asia Pacific Barcode Scanner Market, by Technology (2020-2027) 7.2. Asia Pacific Barcode Scanner Market, by End-Use (2020-2027) 7.2. Asia Pacific Barcode Scanner Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Barcode Scanner Market (2020-2027) 8.1 Middle East and Africa Barcode Scanner Market, by Application (2020-2027) 8.2. Middle East and Africa Barcode Scanner Market, by Technology (2020-2027) 8.2. Middle East and Africa Barcode Scanner Market, by End-Use (2020-2027) 8.4. Middle East and Africa Barcode Scanner Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Barcode Scanner Market (2020-2027) 9.1. Latin America Barcode Scanner Market, by Application (2020-2027) 9.2. Latin America Barcode Scanner Market, by Technology (2020-2027) 9.2. Latin America Barcode Scanner Market, by End-Use (2020-2027) 9.4 Latin America Barcode Scanner Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1 Wasp Barcode Technologies 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 Datalogic S.P.A 10.3 Scandit AG 10.4 Juniper Systems 10.5 Bluebird 10.6 DENSO 10.7 NCR 10.8 Newland 10.9 Opticon 10.10 SICK 10.11 Zebra Technologies Corporation 10.12 OCOM Technologies 10.13 JC Square Inc. 10.14 SATO Holdings Corporation 10.15 Wasp Barcode Technologies 10.16 CASIO COMPUTER CO., LTD. 10.17 KEYENCE CORPORATION

About This Report

Report ID 6831
Category Electronics
Published Date Jan 2020
Updated Date Dec 2021
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