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

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

Market Overview:

The latest research study on the global Smart Barcode Readers market finds that the global Smart Barcode Readers market reached a value of USD 2649.91 million in 2022. It’s expected that the market will achieve USD 3658.73 million by 2028, exhibiting a CAGR of 5.52% during the forecast period.

Market Trends

Payment of Smart Barcode has exploded in the past few years. From Alipay to Wal-Mart to Amazon, every company is trying to simplify the convenience of payment.

The convenience of using Smart Barcode to make payment in China, India and around the world has promoted the development of Smart Barcode Readers industry.

The popularity of COVID-19 has begun to make Smart Barcode used in top industries such as restaurants, retail and even hotels. The contactless technology and convenience brought by Smart Barcode are favored in the retail and catering industry.

In terms of deepening industrial application, in recent 20 years, Smart Barcode Readers industry has opened up new application fields such as medical and health industry, military application, postal service and aviation, and strengthened its promotion in food traceability and warehouse management. More than 20 countries and regions around the world, including France, Australia and Japan, have adopted Smart Barcode Readers technology to establish food safety systems. The highly automated modern logistics system based on Smart Barcode technology is a major trend of international logistics development at present.

Region Overview:

From 2023-2028, North America is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Datalogic, Symbol Technologies (Zebra) and Honeywell with the revenue market share of 17.34%, 14.21% and 12.56% in 2020.

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, Handheld Barcode Reader segment is anticipated to contribute the largest market share in 2028.

Application Overview:

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

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

Zebex
MINDEO
Argox (SATO)
Honeywell
CipherLAB
Opticon Sensors
SUNLUX IOT
Datalogic
Symbol Technologies (Zebra)
Denso Wave
Cognex
NCR
Code
Omron (Microscan)
Newland
SICK

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

Handheld Barcode Reader
Stationary Barcode Reader

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

Retail and Wholesale
Logistics and Warehousing
Industrial Manufacturing
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)