Barcode labels and scanning systems are used in different applications across a range of industries to increase efficiency in different ways. Companies, warehouses, and other facilities relying on manual data entry, suffer from high human error occurrences. It's also easy for employees to skip a line, invert numbers, use poor handwriting, or misread a number that others can't read by hand when they enter data.
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Global ID barcode reading in factory automation market is expected to reach USD 3,309.01 million by 2027 from USD 2,076.80 million in 2019, growing with the CAGR of 6.0% in the forecast period of 2020 to 2027. The major factors driving market growth is the increasing demand for barcode reader in the various end-use industries. However, the high installation cost of a barcode reader in the factory automation is restraining the growth of global ID barcode reading in factory automation market.
Growing need for data accuracy and data storage across the world will drive the market's growth rate
The advances in digital technology, the internet of things, cloud computing, big data, and artificial intelligence have changed the automotive sector significantly. Every year the scale of data collected in the manufacturing sector is rising. Barcode readers can store data in the cloud and computer system which makes the process of data sorting and storage less laborious. Increasing unstructured and structural data can be an automated barcode reader that helps boost asset performance, production cycle, and supply chain efficiency.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2020 to 2027
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Base Year
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2019
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Historic Years
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2018 (Customizable to 2013 - 2018)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product Type (Fixed Mount Barcode Scanner, Handheld Scanner, Mobile Computers Barcode Scanner, Others), Technology (Laser Scanner, Omnidirectional Barcode Scanners, Camera-Based Readers, CCD (Charge Coupled Device) Readers, RFID (Radio Frequency Identification) Technology, Pen-Type Scanners, Others), Barcode Type (1D, 2D), Vertical (Consumer Electronics, Automotive, Logistics, Food and Beverage, Pharmaceutical and Medical, Packaging, Oil and Gas, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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General Electric (U.S.), Endress+Hauser Group Services AG (Switzerland), Emerson Electric Co. (U.S.), Rockwell Automation, Inc. (U.S.), Schneider Electric (France), Siemens (Germany), Mitsubishi Electric Corporation (Japan), Yokogawa India Ltd. (Japan), ABB (U.S.), Jadak (U.S.), Balluff Automation India Pvt. Ltd. (India), RTscan Technology Limited (China), Scandit (Switzerland), Wasp Barcode Technologies (U.S.), SATO America (U.S.), Axicon Auto ID Limited (U.K.), Handheld Group (Sweden), Cognex Corporation (U.S.) among others.
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Data Points Covered in the Report
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In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis:
Global ID barcode reading in factory automation market is segmented into four notable segments which are based on the basis of product type, technology, barcode type and vertical.
- On the basis of product type, global ID barcode reading in factory automation market is segmented into fixed mount barcode scanner, mobile computers barcode scanners, handheld scanner and others. In 2020, fixed mount barcode scanner segment is expected to dominate the market with 44.16% market share and is expected to reach USD 1,555.34 million by 2027 growing with the highest CAGR of 7.0% in the forecast period of 2020 to 2027.
- On the basis technology, global ID barcode reading in factory automation market is segmented into pen-type scanners, laser scanners, CCD readings (charge coupled device), RFID (radio frequency identification) technology, camera-based readers, omnidirectional barcode scanners, and others. In 2020, laser scanners segment is expected to dominate the market with 24.91% market share and is expected to reach USD 814.78 million by 2027 growing with the CAGR of 5.9% whereas RFID (radio frequency identification) technology is growing with the highest CAGR of 7.6% in the forecast period of 2020 to 2027.
- On the basis of barcode type, the market is segmented into 1D and 2D. In 2020, 2D segment is expected to dominate the market with 66.91% market share and is expected to reach USD 2,328.93 million by 2027 growing with the highest CAGR of 6.8% in the forecast period of 2020 to 2027.
The 2D segment will dominate the barcode type segment of the ID barcode reading in factory automation market
The 2D segment will emerge as the dominating segment under barcode type with approximately 67.00% market share. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the semiconductors industry all around the globe will further bolster the growth of this segment.
- On the basis of vertical, global ID barcode reading for factory automation market is segmented into automotive, food & beverage, consumer electronic, oil & gas, pharmaceutical & medical, packaging, logistics and others. In 2020, consumer electronic segment is expected to dominate the market with 38.52% market share
The consumer electronic segment will dominate the vertical segment of the ID barcode reading in factory automation market
The consumer electronic segment will emerge as the dominating segment vertical segment. This is because of the growing number of consumer electronics in the market especially in the developing economies. Further, growth and expansion of research development services on a global scale will further bolster the growth of this segment.
Major Players
Data Bridge Market Research recognizes the following companies as the market players in ID barcode reading in factory automation market: General Electric (U.S.), Endress+Hauser Group Services AG (Switzerland), Emerson Electric Co. (U.S.), Rockwell Automation, Inc. (U.S.), Schneider Electric (France), Siemens (Germany), Mitsubishi Electric Corporation (Japan), Yokogawa India Ltd. (Japan), ABB (U.S.), Jadak (U.S.), Balluff Automation India Pvt. Ltd. (India), RTscan Technology Limited (China), Scandit (Switzerland), Wasp Barcode Technologies (U.S.), SATO America (U.S.), Axicon Auto ID Limited (U.K.), Handheld Group (Sweden), Cognex Corporation (U.S.).
Market Development
- In July 2019, Jadak, engaged in manufacturing and designing machine vision, RFID, barcode scanning, printing, and color and light measurement products and services for original equipment manufacturers (OEM), launched new ThingMagic RAIN Starter Kit. The new kit provides affordable and accessible rain RFID development. This product launch helped the company to strengthen its RFID technology products.
- The DataMan 280 series, a fixed-mount barcode reader introduced by Cognex Corporation in February 2022, is designed to address a wide range of ID applications, including challenging 1D, 2D, and Direct Part Mark (DPM) code applications in manufacturing and logistics. Cognex is an expert at reading even the most challenging barcodes with the maximum speed and accuracy possible using the most recent, patented decoding algorithms. It also has a high-resolution sensor to help with code handling.
- Infinite Peripherals unveiled the Linea Pro NexusConnect, the Next Generation of Barcode Scanners with Ultimate Compatibility and Enhanced Scanning Power, in March 2022. A high-performance barcode scanner offers long-range (up to 45 feet) completely dependent scans and functions without a hitch with both iOS and Android devices.
Regional Analysis
Geographically, the countries covered in the ID barcode reading in factory automation market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis:
North America is the dominant region in ID barcode reading in factory automation market during the forecast period 2020 - 2027
Owing to the presence of significant key players and the increase in the adoption rate of smart solutions in the retail sector, North America now dominates the identification document (ID) barcode reading market in factory automation and will likely maintain this trend.
Asia-Pacific is estimated to be the fastest growing region in ID barcode reading in factory automation market the forecast period 2020 - 2027
Owing to the region's expanding industrial activities and improved operational efficiency, Asia-Pacific is predicted to develop between 2022 and 2029.
COVID-19 Impact
The COVID-19 outbreak has significantly impacted the market. The worldwide supply chain disruptions, shutdown of the industry both impacted the market. The market, however, is anticipated to be considerably damaged in the post-COVID scenario.
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