Barcode Scanner Market Size To Hit US$ 9.9 Billion by 2028 | Industry CAGR of 7.3%

IMARC Group, a leading market research company, has released a report titled “Barcode Scanner Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. According to the report, The global barcode scanner market size reached US$ 6.5 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 9.9 Billion by 2028, exhibiting a growth rate (CAGR) of 7.3% during 2023-2028.

A barcode scanner, also known as a barcode reader, is a device used to capture and decode information encoded in barcodes. Barcodes are machine-readable data representations, typically consisting of parallel lines of varying widths and spaces. They are commonly found on product packaging, shipping labels, identification cards, and other items. The main purpose of a barcode scanner is to quickly and accurately read the information encoded in the barcode and translate it into human-readable text or numeric data. This process eliminates the need for manual data entry, reducing errors and improving efficiency in various industries. When a barcode scanner is used, it emits a light source, such as a laser or LED, onto the barcode. The light is reflected into the scanner, creating a pattern converted into an electrical signal. The scanner’s decoder processes this signal, translating it into the original data stored in the barcode. Barcode scanners come in multiple types, including handheld, fixed-mount scanners, and integrated scanners embedded in mobile devices. They can easily connect to computer systems and point-of-sale (POS) terminals through wired or wireless interfaces, enabling seamless integration into business operations. They also help enhance accuracy, speed, and automation in inventory tracking, product pricing, order processing, and supply chain management. As a result, barcode scanners find extensive applications in the retail, healthcare, logistics, manufacturing, and inventory management sectors across the globe.

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Barcode Scanner Market Trends and Drivers:

The global barcode scanner market is primarily driven by the increasing adoption of automation and digitalization across the retail, healthcare, manufacturing, and logistics industries. Barcode scanners boost efficiency and accuracy in data capture and inventory management. Moreover, the escalating use of barcode scanning technology to track items throughout the supply chain due to the rising need for real-time visibility and traceability of products and assets is positively influencing the market growth. Apart from this, the implementation of stringent government regulations and industry standards pertaining to product labeling and serialization is propelling market growth as businesses seek compliant and reliable barcode solutions. Additionally, the enhanced convenience and ease of use offered by barcode scanners in diverse applications, from point-of-sale (POS) transactions to asset tracking, has accelerated the product adoption rate. Besides this, the augmenting demand for operational efficiency, accuracy, and compliance in various businesses is another major growth-inducing factor. Furthermore, continuous advancements in barcode scanning technology, such as the integration of wireless and mobile capabilities, augmented reality (AR), and cloud-based data storage, are contributing to the market growth. Other factors, including rising preferences for automated warehouses, the emerging healthcare industry, and the increasing popularity of contactless payments, are also anticipated to drive the market further.

Report Segmentation:

The report has segmented the market into the following categories:

Breakup by Product:

• Handheld Barcode Scanner
• Stationary Barcode Scanner

Breakup by Type:

• Wired Barcode Scanner
• Wireless Barcode Scanner

Breakup by Scanner Type:

• Rugged Barcode Scanner
• Non-Rugged Barcode Scanner

Breakup by Technology:

• Camera Based Reader
• Charge Coupled Device Reader
• Laser Scanner
• Omni Directional Barcode Scanners
• Pen Type Reader
• RFID Reader
• Smart Phone Based Scanner
• Others

Breakup by Component:

• Solutions
• Services

Breakup by End-Use Sector:

• Retail and Commercial
• General Manufacturing
• Healthcare
• Logistics and Warehousing
• Commercial Aviation
• Defense
• Others

Market Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa

Competitive Landscape with Key Player:

• Bluebird Inc.
• Cognex Corporation
• Datalogic S.p.A. (Hydra S.p.A)
• Denso Wave Incorporated
• Honeywell International Inc.
• JC Square Inc. (GMO Hosting & Security Inc.)
• SATO Holdings Corporation
• Scandit AG
• Toshiba TEC Corporation
• Zebra Technologies Corporation

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