Global Automatic Identification and Data Capture Market to Reach $136.6 Billion by 2030
The global market for Automatic Identification and Data Capture estimated at US$64.3 Billion in the year 2023, is expected to reach US$136.6 Billion by 2030, growing at a CAGR of 11.4% over the analysis period 2023-2030. Automatic Identification and Data Capture Hardware, one of the segments analyzed in the report, is expected to record a 11% CAGR and reach US$75.5 Billion by the end of the analysis period. Growth in the Automatic Identification and Data Capture Solutions segment is estimated at 11.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $16.8 Billion, While China is Forecast to Grow at 14.9% CAGR
The Automatic Identification and Data Capture market in the U.S. is estimated at US$16.8 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$32 Billion by the year 2030 trailing a CAGR of 14.9% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 7.7% and 9.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 8.7% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$21.6 Billion by the year 2030.
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