Barcode Scanner Market Forecasts to 2028 – Global Analysis By Scanner Type (Non-Rugged Barcode Scanner, Rugged Barcode Scanner), Category (Wireless Barcode Scanner, Wired Barcode Scanner) and By Geography

Barcode Scanner Market Forecasts to 2028 – Global Analysis By Scanner Type (Non-Rugged Barcode Scanner, Rugged Barcode Scanner), Category (Wireless Barcode Scanner, Wired Barcode Scanner) and By Geography

According to Stratistics MRC, the Global Barcode Scanner Market is accounted for $7.67 billion in 2022 and is expected to reach $13.30 billion by 2028 growing at a CAGR of 9.6% during the forecast period. A barcode scanner, also known as a point-of-sale (POS) scanner or a price scanner, is a device that captures and reads data from barcodes. A light source, a lens, and a light sensor that converts optical impulses into electrical ones make up the scanner. A barcode scanner measures the quantity of light reflected back after sending a beam of light across the barcode. The light is reflected less by the black bars on the barcode than by the white spaces between them. The light energy is eventually transformed into electrical energy by the scanner, which is ultimately transformed into data by the decoder and transferred to a computer.

In 2019, Zebra was the leading supplier of automatic data capture solutions globally, generating 2.6 billion U.S. dollars in revenue. Automatic data capture solutions are regularly deployed for factory, warehouse, and logistics applications, and include both handheld and stationary bar code scanning and imaging devices, as well as bar code printers, and mobile computing solutions that have been ruggedized for factories and warehouses. Automatic data capture solutions are regularly deployed for factory, warehouse, and logistics applications, and include both handheld and stationary bar code scanning and imaging devices, as well as bar code printers, and mobile computing solutions that have been ruggedized for factories and warehouses.

Market Dynamics:

Driver:

Rising demand for remote solutions

The increasing requirement of industries for remote solutions is fueling the barcode scanners market. Another factor driving the barcode scanner market is the growing number of multinational logistics service providers. Moreover, in the coming years, most of the shops will be able to keep track of inventory without errors due to the effectiveness and the efficiency of operations provided by the barcode scanner. The same reduces the time, and it gives a potential growth to the barcode scanner market during the forecast period. Moreover, the increase in the number of malls, supermarkets in various countries is also responsible for the growth of the barcode scanner market during the forecast period.

Restraint:

Lack of proper awareness

The inconvenience in moving the barcode scanner from one place to another and lack of awareness towards the barcode scanner machine by some of the shopkeepers are the major reasons restraining the growth of the market.

Opportunity:

Increasing R&D activities

Manufacturers are focus on forming effective retailer and supplier channel, in order to cater the growing demand for barcode scanner device across the globe. Various R&D activities are carried out by major player for innovative and technological advanced product catering to the growing need of barcode scanner by end user.

Threat:

Implementation of Alternatives

Alternatives and the implementation of barcode scanners is a major threat for the market during the forecast period. RFID (Radio-Frequency Identification) tags which use electromagnetic fields to automatically identify and scan the tags attached to different products. Therefore they can scan more products at the same time than a barcode scanner does. Hence, RFID tags are gaining more momentum in the warehouse and logistics markets around the globe. This is projected to hamper the growth of the barcode scanner market.

The retail & commercial segment is expected to be the largest during the forecast period

Use of barcode scanners is rapidly growing in the retail and manufacturing industries. Barcode scanners have become one of the best solutions for product information capturing. Retailers worldwide use barcodes for hassle-free recording of supplies and commodities. Barcodes imprinted on labels are pasted on products, which help in recording information regarding product count, date of manufacturing, date on which the product was supplied to the retailer, selling price, etc. When these products are scanned, the information is retrieved and monitored. This entire process, which is completed within a few seconds, not only increases efficiency but also minimizes errors.

The portable/handheld segment is expected to have the highest CAGR during the forecast period

The portable/handheld segment is expected to have the highest CAGR during the forecast period due to the increasing demand from the retail and manufacturing sectors. Because the calibration level is different between the two scanners. The demand for handheld barcode scanners is higher than that of fixed barcode scanners.

Region with largest share:

North America is projected to hold the largest market share. North America has adopted high-end barcode scanners such as cordless scanners, rugged scanners, omni-directional scanners and stationary scanners in multiple industries.The growth rate of barcode scanner technologies such as CCD and pen type reader is lesser when compared to other technologies implemented in this region. Another trend is the development of dedicated barcode scanners for specific applications such as barcode scanners for usage in hospitals and theme park admission tickets.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR owing to the increasing retailers in the region. Barcode technology enables e-tailers for easy record of inventory, and to keep track as the inventory goes out. Presence of several key players in China, India, Japan, and South Korea makes Asia Pacific prominent region in the barcode scanner market. Additionally, China was the leading manufacturer and exporter of barcode scanners and have high population and growing retail industry in the Asia-Pacific region.

Key players in the market

Some of the key players profiled in the Barcode Scanner Market include Datalogic S.p.A. (Hydra S.p.A), Honeywell International Inc., DENSO Corporation, Toshiba TEC Corporation, Bluebird Corporation, Scandit AG, Zebra Technologies Corporation, SATO Holdings Corporation, JC Square Inc. (GMO Hosting & Security Inc.), Juniper Systems, Wasp Barcode Technologies, Opticon, OCOM Technologies, Casio Computer Co. Ltd., and Keyence Corporation.

Key developments:

In June 2020: Honeywell has recently unveiled new devices with disinfectant-ready housing like Xenon XP and Voyager XP. These scanners can capture the most difficult to read or damaged barcode easily.

In July 2019: Scandit has released Barcode Scanner SDK Version 6.0 for native iOS and Android, delivering improved MatrixScan and Augmented Reality (AR) performance, a new, more modular API, more extensive documentation, better code samples and additional viewfinder customization.

Products Covered:
• Portable/Handheld
• Fixed Position

Components Covered:
• Solutions
• Services

Scanner Types Covered:
• Non-Rugged Barcode Scanner
• Rugged Barcode Scanner

Categories Covered:
• Wireless Barcode Scanner
• Wired Barcode Scanner

Technologies Covered:
• Charge Coupled Device (CCD) Readers
• Radio Frequency Identification Technology (RFID)
• Camera Based Reader
• Pen Type Reader
• Laser Scanner
• Omni Directional Barcode Scanner
• Smartphone Based Scanner

Applications Covered:
• Resource Management
• Inventory Control & Management
• Biometrics
• Error Optimization

End Users Covered:
• Healthcare
• General Manufacturing
• Defense
• Food and Beverages
• Mobile Apps
• Commercial Aviation
• Transport, Logistics & Warehouse
• Retail & Commercial

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
Comprehensive profiling of additional market players (up to 3)
SWOT Analysis of key players (up to 3)
• Regional Segmentation
Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances