Image Based Barcode Reader Market Size, Share, Growth Report 2032

Image Based Barcode Reader Market

Image Based Barcode Reader Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2026

Category: Technology & Media Report Format : PDF Report Code: ZMR-5541 Status : Upcoming
Market Size in 2023 Market Forecast in 2032 CAGR (in %) Base Year
USD 1.85 Billion USD 3.08 Billion 5.8% 2023

Image Based Barcode Reader Market

Description

Image Based Barcode Reader Market Insights

According to the report published by Zion Market Research, the global Image Based Barcode Reader Market size was valued at USD 1.85 Billion in 2023 and is predicted to reach USD 3.08 Billion by the end of 2032. The market is expected to grow with a CAGR of 5.8% during the forecast period. The report analyzes the global Image Based Barcode Reader Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Labeling Equipment Market industry.

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Global Image Based Barcode Reader Market: Overview

A barcode reader or scanner is a device that helps in extracting the data or information from the barcode and transmits it to the computer. A barcode comprises the coder, decoder, and a cable. The connected computer has software that helps you to read the data. The barcode scanner contains a high-resolution camera that can process several barcodes simultaneously. Nowadays, barcode scanners have emerged as the best solution for recording, processing, and managing product information without manual labor.

Global Image Based Barcode Reader Market: Growth Factors

The emergence of industry 4.0 has proliferated the deployment of smart and advanced technologies like cloud, robotics, artificial intelligence, and many more. There is a surge in the adoption of automated devices for monitoring, processing, and tracking activities. This has boosted the global image-based barcode reader market to grow significantly during the forecast period.

The high-powered integrated torch technology for image creation coupled with high-speed liquid lens technology propels the growth of the global image-based barcode reader market. Moreover, the high-penetration of sophisticated smartphones, bar codes, and QR codes also boosted market growth globally. The emergence of 2D barcode readers has contributed to the growth of the market due to the quick, more reliability, and accuracy in tracking products and goods. The barcode readers also facilitate the quick turnaround time and hence reduce the time consumed while entering and retrieving the data. Increased adoption of 2D barcodes readers in several business verticals like advertising, marketing, electronics, food delivery, health care, and telecommunications has propelled the market growth globally.

Global Image Based Barcode Reader Market: Segmentation

The global image-based barcode reader market can be segmented into imaging, product, end-use, technology, connectivity, sales channel, and region.

By imaging, the market can be segmented into the 2D image and 1D image. The 2D imaging segment holds the hegemony over others due to the smart solution technology that eliminates manual errors and increases productivity.

By product, the market can be segmented into presentation scanners, stationary scanners, fixed scanners, cordless scanners, automatic readers, smartphones, PDA scanners, rugged scanners, and hand-held scanners. Among these, the handheld scanners hold the largest share in the market owing to its numerous advantages like mobility, operation flexibility, and many others. Furthermore, the automated reader segment is expected to dominate the market during the forecast period. By the sales channel, the market can be segmented into offline and online. By end-use, the market can be segmented into defense, commercial aviation, logistics & warehouse, health care, general manufacturing, semiconductors, F&B, automotive, manufacturing, retail & commercial, and others. The warehousing segment holds the largest share in the global image-based barcode reader market because several businesses are developing the enhanced storage facility to maintain lean and systematic business operations. However, the retail & commercial segment is anticipated to grow significantly as it helps businesses to increase the revenue by enhancing productivity.

By technology, the market can be segmented into autofocus, C-mount lens, and S-mount lens. By connectivity, the market can be segmented into power over Ethernet (POE), Wi-Fi, Bluetooth, and USB.

Image Based Barcode Reader Market: Report Scope

Report Attributes Report Details
Report Name Image Based Barcode Reader Market
Market Size in 2023 USD 1.85 Billion
Market Forecast in 2032 USD 3.08 Billion
Growth Rate CAGR of 5.8%
Number of Pages 220
Key Companies Covered MSM Solutions, Keyence Corporation, Sensopart, CipherLab, ZEBEX, Shenzhen MinDe, Omron Corporation, Denso Wave, SICK AG, Datalogic, Wasp Barcode, SATO, Cognex, Zebra Technologies, and Honeywell
Segments Covered By imaging, By product, By end-use, By technology, By connectivity, By sales channel and By Region
Regions Covered North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)
Base Year 2023
Historical Year 2018 to 2022
Forecast Year 2024 - 2032
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Global Image Based Barcode Reader Market: Regional analysis

Asia Pacific dominates the global image-based barcode reader market due to the omnipresent use of image-based barcode readers. The increased penetration of an image-based barcode reader in countries like China has paved the way for the established and new market players.

South Korea has witnessed significant growth in the sales of these barcodes and hence fueled the regional growth in the global image-based barcode reader market.

The countries such as India and Japan are witnessing high growth owing to growing retail & commercial space and increased adoption of 2D image barcode scanning.

North America is expected to witness high growth due to increased penetration of high-speed internet.

Global Image Based Barcode Reader Market: Competitive Players

Some of the significant players in the global image-based barcode reader market are MSM Solutions, Keyence Corporation, Sensopart, CipherLab, ZEBEX,  Shenzhen MinDe, Omron Corporation, Denso Wave, SICK AG, Datalogic, Wasp Barcode, SATO, Cognex, Zebra Technologies, and Honeywell.

Global Image Based Barcode Reader Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

What Reports Provides

  • Full in-depth analysis of the parent market
  • Important changes in market dynamics
  • Segmentation details of the market
  • Former, on-going, and projected market analysis in terms of volume and value
  • Assessment of niche industry developments
  • Market share analysis
  • Key strategies of major players
  • Emerging segments and regional markets
  • Testimonials to companies in order to fortify their foothold in the market.

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