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

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

Barcode systems are a network of hardware and software used to automate data collection, consisting primarily of mobile computers, printers, handheld scanners, infrastructure and supporting software.

Market Overview:

The latest research study on the global Barcode System market finds that the global Barcode System market reached a value of USD 9766.53 million in 2022. It’s expected that the market will achieve USD 15258.0 million by 2028, exhibiting a CAGR of 7.72% during the forecast period.

Drivers

Barcode technology is an important part of the Internet of Things perception layer, and it is one of the common technologies of the Internet of Things. Its development is driven by the development and landing of the Internet of Things concept. The Internet of Things is an important content and development direction of the new round of industrial revolution, and it is the core driving force and new growth point for the future national economic and social development. We attach great importance to the development of the Internet of Things. In recent years, we have successively issued policy support and encouraged the construction of the Internet of Things to accelerate the landing of the Internet of Things. The policy has created a good development environment for the Internet of Things and related industries.

Limitations

Because different barcode reading devices have different optical structures and decoding algorithms, they have different reading abilities when they read barcode symbols, which results in the inconsistency between a single decision and a variety of reading devices and reading environments.
There are omissions in the reflectivity requirements of the bar code. If the reflectance and reflectance measurement positions of the bar in the bar code are not specified, this will result in different instruments measuring different results.

Opportunities

The emergence of new intelligent technologies such as artificial intelligence, cloud computing, big data and quantum computing means that the prelude of the fourth industrial revolution is quietly opened, and the engine of technological and social development is gradually shifting from the Internet to intelligent technology. Human society is ushering in the era of intelligence. The application of intelligent technology has begun to empower all walks of life. Intelligence of the industry has accelerated, resulting in an increase in the demand for Barcode System.
Developing countries like China are striving to become a manufacturing powerhouse, and brand concentration is getting higher and higher. Therefore, manufacturers with high market share and large output are required to track and trace back and forth in a short period of time. Components, and information systems including bar code reading devices can effectively solve these problems.

Region Overview:

In 2022, the share of the Barcode System market in China stood at 41.1%.

Company Overview:

Datalogic is one of the major players operating in the Barcode System market, holding a share of 8.62% in 2023.

Datalogic

Datalogic S.p.A. manufactures and sells automatic data capture and process automation products for the retail, manufacturing, transportation and logistics, and healthcare sectors in Europe, the Middle East, Africa, North America, Latin America, and the Asia Pacific.

Cognex Corporation

Cognex Corporation provides machine vision products that capture and analyze visual information in order to automate tasks primarily in manufacturing processes worldwide.

Segmentation Overview:

As for product types, the Software segment held the largest market share in 2022.

Application Overview:

The market's largest segment by application is the segment Retail and Commercial, with a market share of 32.64% in 2022.

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

Acctivate
DENSO WAVE
GigaTrak
Finale Inventory
Datalogic
Cognex Corporation
Asset Panda
System ID
Honeywell
FishBowl
Zebra Technologies
Omron Microscan Systems, Inc.
Fujian Newland Computer Co. Ltd.
Opticon
BarTender

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

Hardware
Software

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

Retail and Commercial
Logistics & Warehouse
Health Care Industry
Manufacturing
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)