Barcode Scanner Market is segmented by Type (Handheld, Fixed); by Technology (Pen Type Reader, Laser Scanner, Charge Coupled Device Readers, Camera Based Reader, Omni Directional Barcode Scanner, Smartphone Based Scanner, RFID, Others); by Application (Logistics, Warehousing, E-commerce & Retail, Factory Automation, Healthcare, Others); By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Market Analysis, Trends, Opportunity and Forecast, 2023-2032
Barcode Scanner Market Overview
A barcode scanner, also called as barcode reader is a device that can scan the printed barcodes and read the data contained in the barcode. Barcodes look like a series of parallel lines or geometrical patterns and printed on labels, products, and packaging. Barcode scanner growing demand in retail and manufacturing sectors is one of the major factors that has contributed in the growth of the market. Wasp Barcode Technologies, Juniper Systems, and Zebra Technologies Corporation are some of the significant parties in the market for a Barcode Scanner Market.
The global Barcode Scanner market was valued at USD 7.4 billion in 2022. The market is expected to expand at a CAGR of 6.3% from 2023-2032, and is expected to cross value of USD 13.3 billion by the end of 2032.
Barcode Scanner Market Drivers
Some key drivers for the Barcode Scanner market are:
- Growing demand for digital solutions: Barcode scanner market may grow during the forecast period because of its effectiveness and efficiency. Growth of shopping malls, and supermarkets also drives the growth of barcode scanner market. The market is growing because of the rising demand of remote solutions.
- Rising usage of barcode scanner in the healthcare sector: Barcode scanners provide accurate patient data and minimize the chances of any mistake. Barcode scanner technology can solve around 51% of medical error. According to a study, every medical drug has a 10-digit code and just by that code we can collect all the information about that drug. These factors help in the growth of barcode scanner market.
- Technological advancements: Technological advancements like laser scanning, and IoT technologies have the increased the demand of barcode scanners because of its accuracy, and performance. This helps in the growth of barcode scanner market.
- E-commerce expansion: Barcode scanners play an important role in e-commerce and online shopping. Scanning the barcode provides detailed information about the product, tracking process, and helps to place the order. Growing demand of e-commerce and online shopping helps in the market growth.
- Mobile integration: There are apps in mobile devices that allow consumers to scan barcodes. Those barcode scanners contain in-built camera in it and it has made scanning more convenient. This helps in the growth of the barcode scanner market.
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Barcode Scanner Market Challenges
Some challenges facing the Barcode Scanner market are:
- Lack of awareness: Transfer of barcode scanner from one place to another is quite difficult and shopkeeper lack of awareness about barcode scanning machine can be challenging and can hinder the market growth.
- Growing popularity of RFID tag: RFID tags and barcode scanner have same features. They can store and collect the data. Barcode scanner does not take new data and for scanning, a direct line of sight is important. But, data can reinstall if radio scanner is within the scanning area. Radio scanner is better than barcode scanner and this can hinder the growth of barcode scanner market.
- High cost of barcode scanners: Barcode scanner market consists of numerous suppliers, and manufacturers because of large range of products. Due to rising demand of barcode scanners, manufacturers must balance quality, performance, and affordability according to consumer needs. This is challenging for barcode scanner market and may hinder the market growth.
Barcode Scanner Market Segmentation
Segmentation of Barcode Scanner market are:
- By Type
- By Technology
- Pen Type Reader
- Laser Scanner
- Charge Coupled Device Readers
- Camera Based Reader
- Omni Directional Barcode Scanner
- Smartphone Based Scanner
- By Application
- E-commerce & Retail
- Factory Automation
- By Region
- North America
- The Rest of the World
Barcode Scanner Market: Report Scope
Base Year Market Size
USD 7.4 Billion
Forecast Year Market Size
USD 13.3 Billion
Timeline considered for all these studies will be:
2022 – Base Year
2023 – Estimated Year
2023-2032 – Forecast Period
Barcode Scanner Market Regional Synopsis
Growing use of barcode scanners in retail and manufacturing sectors in North America helps the region to lead in the barcode scanner market. North America holds the largest share in the market and is projected to maintain that during the forecast period. Rising application and technological advancements in the barcode scanner market helps in the growth of the market in this region.
Increasing demand for barcode scanners in warehouse management system, development of healthcare industries, e-retailers, and online payment methods by the help of barcode scanners has helped in the growth of barcode scanner market in this region.
Barcode Scanner Market Key Players
Some key players in the Barcode Scanner market are:
- Wasp Barcode Technologies
- Juniper Systems
- Zebra Technologies Corporation
- Datalogic S.P.A
- Scandit AG
- OCOM Technologies
- JC Square Inc.
- SATO Holdings Corporation
- CASIO COMPUTER CO., LTD.
- KEYENCE CORPORATION