Global 2D Barcode Reader Market Growth 2023-2029

Global 2D Barcode Reader Market Growth 2023-2029

A 2D barcode scanner is a process of interpreting two-dimensional barcodes, which store data in two dimensions, rather than in just a series of black and white bars. 2D barcode reader is also called as “Quick Response Code (QR Code)” as they enable fast data access. The reader deciphers the encoded URL, which leads the browser to the appropriate information. The commercial use of 2D barcode reader started in 1981. A 2D bar code reader is employed in various industries to access associated information extensively.

LPI (LP Information)' newest research report, the “2D Barcode Reader Industry Forecast” looks at past sales and reviews total world 2D Barcode Reader sales in 2022, providing a comprehensive analysis by region and market sector of projected 2D Barcode Reader sales for 2023 through 2029. With 2D Barcode Reader sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world 2D Barcode Reader industry.

This Insight Report provides a comprehensive analysis of the global 2D Barcode Reader landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on 2D Barcode Reader portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global 2D Barcode Reader market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for 2D Barcode Reader and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global 2D Barcode Reader.

The global 2D Barcode Reader market size is projected to grow from US$ 5471.1 million in 2022 to US$ 7175.1 million in 2029; it is expected to grow at a CAGR of 7175.1 from 2023 to 2029.

One of the primary reason driving this market increased acceptance of 2D barcodes across various sectors. Another factor driving the demand 2D barcodes is their proficiency to adapt an enormous size of information, unlike 1D barcode scanner. Increased memory at optimum pricing has been a key technological factor, which is an attractive proposition for end users. A key challenge in the market is the insufficiency for capital investment to innovate 2D barcodes. 2D barcode scanners are costlier than their 1D counterparts. Performance, design, and ergonomics are among the top factors of competition among 2D-barcode vendors. Furthermore, price competitiveness offers an additional advantage to barcode scanner vendors.

DPM (Direct Part Marking) is introducing new opportunities for manufacturing more automated solutions and track products through its full life cycle. It can be a potential market for the 2D imager. Also, government regulations and policies may result in the adoption of these devices in industries including healthcare & pharmaceuticals, transportation, and military applications.

This report presents a comprehensive overview, market shares, and growth opportunities of 2D Barcode Reader market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
QR Codes
Data Matrix Code
PDF417 Codes
Aztech 2D Barcodes

Segmentation by application
Retail
Advertisements
Transportation
Others

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Honeywell
OCR Canada
Motorola Solutions
Datalogic
Zebra Technologies
Telenor
SATO
Bluebird
Opticon
Denso ADC
NCR

Key Questions Addressed in this Report

What is the 10-year outlook for the global 2D Barcode Reader market?

What factors are driving 2D Barcode Reader market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do 2D Barcode Reader market opportunities vary by end market size?

How does 2D Barcode Reader break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.