Portable Scanner Market : Global Industry Analysis and Forecast (2023-2029)

Portable Scanner Market was valued at US$ 1.54 Bn. in 2022. Global Portable Scanner Market size is estimated to grow at a CAGR of 6% during the forecast period.
Portable Scanner Market Overview:
A portable scanner is an electronic scanning device. It is used to scan any physical documents, drawings, and other flat media into digital form on the go. The scanner is operated by batteries with storage capability and is available for use away from a computer. With the technological advancement, key players are focusing on the deployment of portable scanner, which can provide high resolution and swift scanning techniques. An increase in adoption of portable electronics devices is representing the robust dynamics in the portable scanner market.

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In the portable scanner market, the established players in the portable scanner market are expected to put pressure on the new entrance companies through lower pricing strategy, reducing costs, and providing new value propositions to the customers. The new entrance key players are expected to manage all these challenges and build effective barriers to safeguard their competitive edge. The report has covered the market trends from 2022 to forecast the market through 2029. 2022 is considered a base year however 2022 numbers are on the real output of the companies in the market. Special attention is given to 2022, the effect of lockdown on the demand and supply, and the impact of lockdown for the next two years on the market.
Portable Scanner Market Dynamics:
The technological advancements in scanning technology and demand for handheld or portable devices in end-user industries like retail, transportation and logistics are driving factors behind the portable scanner growth of the market. High demand for handheld barcode scanner by various end-use industries, requirement of portable scanners in small and medium- sized business to scan small documents, letter-sized documents, and business cards are expected to boost the growth of the market during the forecast period. A portable scanner offers some benefits like compact size and design, versatility, fast scanning, ease of use anywhere and anytime, high scanning resolution, and high reliability, which is expected to drive the market growth in near future.

However, the high initial cost related with a portable scanner and lack of security standards are major restraining factors, which are expected to limit the growth of the market. Despite the market growth limiting factors, emergence of cost-effective laser technology and adoption of portable scanners are expected to offer key opportunities for key players operating in the market.

A trend of miniaturization of electronic devices: Drive the market growth

In the current market scenario, electronics products are becoming smaller and drive in more functionality. Miniaturization of one phase of a product, usually exposes limitations and obstacles in the overall design and manufacturing process of electronics products. Miniaturization is the one of the key elements for modern consumer products. It is is brining convergence of computer, communication and consumer electronics, with many new opportunities for product innovations. An increase in the demand for compact electronic devices in the end-user industries like consumer electronics, retail, logistics and transportation, Industrial Manufacturing are encouraging key players operating in the market to introduce innovative products with the miniaturization.

Slowdown in Industrial Production: Limit the Portable Scanner Market Growth

The industrial manufacturing industry growth is slowing and the shift brings massive economic threats. The downturn in the global car manufacturing production is a key force behind the slump in the global manufacturing and car sales. The market growth can be affected by factors like slower economic growth, disruptions in financial markets, economic downturns in the form of either contained or widespread recessionary conditions, inflation, elevated unemployment levels, sluggish or uneven recovery in the United States and other countries. Manufacturing key players are influencing by external factors in the global market place that can be complicate the supply chain and costs, which is expected to limit the product and demand for portable scanner.
Portable Scanner Market Segment Analysis:
The handheld barcode scanner segment held the dominant position is projected to continue its dominance during the forecast period. Growing adoption of handheld barcode scanners in various industrial applications such as in healthcare, retail, transportation, warehouse, library, and light industrial applications is driving the growth of the market. The technological advancements in a barcode scanning system, requirement for wireless handheld scanners, demand of rugged portable barcode scanners in industries for rugged environments including outdoors and where harsh chemicals, consumer demand of user-friendly, versatile and inexpensive barcode scanners are some of the prominent driving factors, which are boosting the demand for handheld barcode scanner.

The 2D imager segment is expected to grow with more than 3.25% rate of CAGR during the forecast period. 2D imager technology is driving the move to image across numerous markets, which is improving efficiency and productivity for all size businesses. Ongoing developments in 2D imaging technology are transforming the customer’s experience, improving overall productivity, and increasing supply chain efficiency, which is driving the growth of the market. The growing production of 2D imager technology-based portable scanners by various manufacturing companies is further expected to improve the growth of the market during the forecast period.
Regional Insights:
Asia Pacific region is projected to be leading region

Rapid urbanization, penetration of organised retail, growth in FMCG, pharmaceutical and processed food industries are increasing the demand for the portable scanner across developing economies. The Asia-Pacific region has largest regional consumer base for electronic products. A trend of miniaturization of electronic devices is expected to continue in the near future as a result of rapid expansion of the end-user industries like electronics, automotive, and retail sector in the developing economies as China, India, South Korea, Taiwan, and other developing countries.

An increase in the applications of portable scanner has resulted in high demand for more efficient and reliable solution. Currently, manufacturers are producing portable scanner, which can give additional features for scanning. Many key players are expected to rely on high investments in end-user industries to gain slight advantages over the regional and local players. Key players are focusing on the innovation activities and resources on the technology development and expanding partnership with other key players. For instance, in 2022, FileShadow, Inc has announced an integration partnership with Fujitsu Computer Products of America, Inc, which allows consumers to scan documents directly into their FileShadow Vault from the Fujitsu ScanSnap iX1500, S1300i, and iX100 models.

The objective of the report is to present a comprehensive analysis of the global Portable 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 reports also help in understanding the Portable Scanner Market dynamic, structure by analyzing the market segments and projecting the Portable Scanner Market size. Clear representation of competitive analysis of key players by Application, price, financial position, product portfolio, growth strategies, and regional presence in the Portable Scanner Market make the report investor’s guide.
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Portable Scanner Market


Base Year
2022
Forecast Period
2023-2029


Historical Data
CAGR
Market Size in 2022
Market Size in 2029


2018 to 2022
6%
US$ 1.54 Bn
US$ 2.33 Bn


Segments Covered


by Technology
2D imager
Linear Imager
Laser Scanners
by End User
Retail-in-Store
Transportation/Logistics
Industrial Manufacturing
Others
by Type
Stationary Scanner
Handheld Barcode Scanner
Automatic Scanner
Other


Regions Covered


North America
United States
Canada
Mexico
Europe
UK
France
Germany
Italy
Spain
Sweden
Austria
Rest of Europe
Asia Pacific
China
S Korea
Japan
India
Australia
Indonesia
Malaysia
Vietnam
Taiwan
Bangladesh
Pakistan
Rest of APAC
Middle East and Africa
South Africa
GCC
Egypt
Nigeria
Rest of ME&A
South America
Brazil
Argentina
Rest of South America



Key Players
1. Zebra Technologies
2. Honeywell International Inc
3. Hewlett-Packard
4. Datalogics S.P.A
5. Metrologic Instruments
6. Opticon
7. Fujitsu Limited
8. Epson America Inc
9. SATO Holdings Corporation
10. Toshiba TEC Corporation
11. TouchStar Technologies
12. Canon
13. Seiko Epson Corporation
14. Doxie Q
15. Denso and Bluebird

Frequently Asked Questions:

1] What segments are covered in the Portable Scanner Market report?
Ans. The segments covered in the Portable Scanner Market report are based on Type, Technology and End User.

2] Which region is expected to hold the highest share in the Portable Scanner Market?
Ans. The Asia Pacific region is expected to hold the highest share in the Portable Scanner Market.

3] What is the market size of the Portable Scanner Market by 2029?
Ans. The market size of the Portable Scanner Market by 2029 is US$ 2.33 Bn.

4] What is the forecast period for the Portable Scanner Market?
Ans. The forecast period for the Portable Scanner Market is 2023-2029.

5] What was the market size of the Portable Scanner Market in 2022?
Ans. The market size of the Portable Scanner Market in 2022 was US$ 1.54  Bn.