Global Barcode Readers Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Barcode Readers Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

A barcode reader (or barcode scanner) is an optical scanner that can read printed barcodes, decode the data contained in the barcode and send the data to a computer. Like a flatbed scanner, it consists of a light source, a lens and a light sensor translating for optical impulses into electrical signals. Additionally, nearly all barcode readers contain decoder circuitry that can analyze the barcode's image data provided by the sensor and sending the barcode's content to the scanner's output port.

Market Overview:

The latest research study on the global Barcode Readers market finds that the global Barcode Readers market reached a value of USD 2553.38 million in 2022. It’s expected that the market will achieve USD 3342.43 million by 2028, exhibiting a CAGR of 4.59% during the forecast period.

Influence of COVID-19 Outbreak on Barcode Readers Industry Development

The impact of pneumonia epidemic in COVID-19 on the global Barcode Readers industry involves all major links and entities in the industrial chain. Under the epidemic situation, the management efficiency of the company declined, commuting was severely hindered, the production plan was severely hindered, the network expansion and marketing were delayed, the brand was forced to adjust, the market sales declined, and the income of the company and employees was damaged.
The pneumonia epidemic in COVID-19 has greatly affected the global Barcode Readers industry, especially the after-sales operation of small and medium-sized enterprises. Stopping production not only aggravates the shortage of funds for small and medium-sized enterprises, but also reduces the solvency of enterprises, which may affect production and sales. Some enterprises have difficulties in operation and even go bankrupt. The epidemic situation has seriously affected the logistics and transportation, and the transportation of raw materials is difficult. The industrial chain of SMEs is imperfect and fragile.

Opportunity

New trends and changes brought about by the explosive growth of e-commerce
The tremendous opportunities brought by the explosive growth of e-commerce not only bring changes to the operation of logistics centers, but also provide protection for traditional physical retail outlets. The retail market is facing great changes, and it is necessary to provide a better customer experience and shorten the checkout time by using an unmanned automatic' self-service scanning' system. The key to the success of these systems lies not only in the reliable bar code recognition and decoding ability, but also in the more delicate object recognition task which requires more use of color imaging devices.

To realize high growth potential in an all-round way, the first condition is to realize Barcode readers with higher speed or higher productivity. A higher resolution sensor with a wide screen will allow faster reading speed and realize a larger surface area code reading (including multiple packages and barcodes in the same image), so that a single sensor will cover the whole warehouse area in the future.

Region Overview:

From 2023-2028, Asia Pacific is estimated to witness robust growth prospects.

Company Overview:

Datalogic is one of the major players operating in the Barcode Readers market, holding a share of 21.25% in 2021.

Datalogic is a company specialized in the designing and production of barcode readers, mobile computers, sensors for detection, measurement and safety, RFID vision and laser marking systems.

Symbol Technologies (Zebra) Corporation is an American company that manufactures and sells marking, tracking and computer printing technologies. Its products include thermal barcode label and receipt printers, RFID smart label printers/encoders/fixed & handheld readers/antennas, and card and kiosk printers that are used for barcode labeling, personal identification and specialty printing principally in the manufacturing supply chain, retail, healthcare and government sectors.

Segmentation Overview:

Among different product types, Optical Imager Barcode Scanners segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Retail segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Barcode Readers market covered in Chapter 3:

Datalogic
Code
Honeywell
Opticon Sensors
Denso Wave
Zebex
Newland
Cognex
SICK
Omron (Microscan)
Symbol Solutions (Zebra)
CipherLab

In Chapter 4 and Chapter 14.2, on the basis of types, the Barcode Readers market from 2018 to 2029 is primarily split into:

Optical Imager Barcode Readers
Laser Barcode Readers
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Barcode Readers market from 2018 to 2029 covers:

Retail
Transportation and Logistics
Manufacturing and Industry
Healthcare
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)