North America Identity Document (ID) Barcode Reading in Factory Automation Market - Industry Trends and Forecast to 2031

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North America Identity Document (ID) Barcode Reading in Factory Automation Market - Industry Trends and Forecast to 2031

  • Semiconductors and Electronics
  • Upcoming Report
  • Mar 2024
  • North America
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

North America Id Barcode Reading In Factory Automation Market

Market Size in USD Billion

CAGR :  % Diagram

Diagram Forecast Period
2025 –2031
Diagram Market Size (Base Year)
USD MILLION
Diagram Market Size (Forecast Year)
USD MILLION
Diagram CAGR
%
Diagram Major Markets Players
  • Balluff Automation India Pvt.
  • RTscan Technology Limited
  • Scandit
  • Wasp Barcode Technologies
  • SATO America

North America Identity Document (ID) Barcode Reading in Factory Automation Market, By Product Type (Fixed Mount Barcode Scanner, Handheld Scanner, Mobile Computers Barcode Scanner, and Others), Technology (Laser Scanner, Omnidirectional Barcode Scanners, Camera-Based Readers, CCD (Charge Coupled Device) Readers, RFID (Radio Frequency Identification) Technology, Pen-Type Scanners, and Others), Barcode Type (1D and 2D), Vertical (Consumer Electronics, Automotive, Logistics, Food and Beverage, Pharmaceutical and Medical, Packaging, Oil and Gas, and Others)– Industry Trends and Forecast to 2031.

North America Identity Document (ID) Barcode Reading in Factory Automation Market

North America Identity Document (ID) Barcode Reading in Factory Automation Market Analysis and Size

The North American identity document (ID) barcode reading market finds applications across various sectors such as transportation, healthcare, retail, and government. It enables efficient identity verification processes in areas such as access control, age verification, and registration. Moreover, it enhances security measures and ensures compliance with regulatory standards. With advancements in technology, ID barcode reading systems offer fast and accurate data extraction, making them indispensable in modern-day operations across industries in North America.

Data Bridge Market Research analyses that the North America identity document (ID) barcode reading in factory automation market valued at USD 2.57billion in 2023, will reach USD 4.25 billion by 2031, growing at a CAGR of 6.50% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, 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.

Report Scope and Market Segmentation      

Report Metric

Details

Forecast Period

2024 to 2031

Base Year

2023

Historic Years

2022 (Customizable to 2016 - 2021)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Product Type (Fixed Mount Barcode Scanner, Handheld Scanner, Mobile Computers Barcode Scanner, and Others), Technology (Laser Scanner, Omnidirectional Barcode Scanners, Camera-Based Readers, CCD (Charge Coupled Device) Readers, RFID (Radio Frequency Identification) Technology, Pen-Type Scanners, and Others), Barcode Type (1D and 2D), Vertical (Consumer Electronics, Automotive, Logistics, Food and Beverage, Pharmaceutical and Medical, Packaging, Oil and Gas, and Others)

Countries Covered

U.S., Canada, and Mexico

Market Players Covered

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.), Data Logic S.p.A (Italy), Honeywell International, Inc. (U.S.), OMRON Corporation (Japan), Zebra Technologies Corp (U.S.), and KEYENCE CORPORATION (Japan) among others

Market Opportunities

  • Technological advancement in barcode reading
  • Increasing digitalization trends across industries

Market Definition

Identity document (ID) barcode reading is the process of scanning the barcode printed on identification cards, such as driver's licenses or passports, to extract information such as name, date of birth, and document number. This helps verify identity quickly and accurately in various applications such as access control, age verification, and registration.

North America Identity Document (ID) Barcode Reading in Factory Automation Market Dynamics

Drivers

  • Enhanced Security Due to ID Barcode Reading Technology

In North America, the adoption of ID barcode reading technology is driven by the imperative to enhance security measures. Through increasing concerns over identity theft, fraud, and unauthorized access, businesses and government agencies seek reliable solutions. ID barcode reading provides a quick and efficient method to verify identities and access rights, improving overall security protocols. As a result, organizations across various sectors prioritize the implementation of ID barcode reading systems to safeguard sensitive information and assets.

  • Increasing Demand for Access Control Solutions

The rising demand for access control solutions fuels market growth across diverse sectors in North America. With increasing concerns over safety issues and illegal entry, organizations prioritize robust access control systems. These solutions enable the management of entry points, ensuring only authorized personnel gain access to facilities or sensitive information. The need for efficient and scalable access control solutions as businesses and institutions strive for heightened security measures continues to drive market expansion in the region.

Opportunities

  • Technological Advancement in Barcode Reading

Technological advancements in barcode reading are catalysts for market evolution, particularly in North America. Innovations such as machine learning algorithms, high-resolution imaging, and augmented reality integration enhance the accuracy and efficiency of barcode reading systems. These advancements enable faster scanning, decoding of complex barcodes, and seamless integration with other technologies. The continuous innovation in barcode reading technologies propels market growth and facilitates broader applications across industries in the region as businesses seek more sophisticated solutions to meet evolving needs.

  • Increasing Digitalization Trend Across Industries

There is a growing need for efficient data capture and management, as businesses transition toward digital processes. ID barcode reading systems facilitate seamless integration with digital workflows, enabling quick and accurate extraction of information from identification documents. This enhances operational efficiency and enables organizations to maintain accurate records while streamlining processes, driving the adoption of barcode reading technologies across various sectors. The increasing digitalization trend across industries drives the demand for ID barcode reading systems in North America.

Restraints/Challenges

  • Lack of Technical Expertise in Maintaining Barcode Systems

Proper installation, configuration, and ongoing maintenance of these systems require specialized knowledge and skills. Without sufficient expertise, organizations may encounter difficulties in optimizing system performance, troubleshooting issues, and integrating with existing infrastructure. This limitation could result in suboptimal utilization of barcode reading technology, impacting operational efficiency and hindering the realization of desired benefits in various industries across the region. The lack of technical expertise in implementing and maintaining barcode reading systems presents significant restraint in North America.

  • Concerns About Data Privacy and Protection

Data privacy and protection have led to the enactment of laws governing the collection, storage, and use of personal information. Compliance with these regulations requires careful handling of data obtained through barcode reading systems to ensure user privacy and prevent unauthorized access or misuse. Failure to adhere to these regulations could result in legal consequences and damage to organizational reputation, limiting market growth and adoption. Thus, strict privacy regulations pose a significant challenge to the market growth.

This North America identity document (ID) barcode reading in factory automation market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the industrial maintenance services in operational improvement and operational maintenance market, contact data bridge market research for an analyst brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

North America Identity Document (ID) Barcode Reading in Factory Automation Market Scope

The North America identity document (ID) barcode reading in factory automation market is segmented into four notable segments which are based on product type, technology, readers, barcode type, and vertical. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

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

North America Identity Document (ID) Barcode Reading in Factory Automation Market Regional Analysis/Insights

The North America identity document (ID) barcode reading in factory automation market is analyzed and market size insights and trends are provided by product type, technology, readers, barcode type, and vertical as referenced above.

The countries covered in the North America identity document (ID) barcode reading in factory automation market report are U.S., Canada, and Mexico.

U.S. is expected to dominate in North America identity document (ID) barcode reading in factory automation market due to the widespread adoption of fast-speed scanning across various industries. This technology enhances operational efficiency, offering real-time insights and driving the market's growth trajectory.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape North America Identity Document (ID) Barcode Reading in Factory Automation Market Share Analysis

The North America identity document (ID) barcode reading in factory automation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to North America identity document (ID) barcode reading in factory automation market.

Some of the major players operating in the North America identity document (ID) barcode reading in factory automation market are:

  • 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.)
  • Data Logic S.p.A (Italy)
  • Honeywell International, Inc. (U.S.)
  • OMRON Corporation (Japan)
  • Zebra Technologies Corp(U.S.) 
  • KEYENCE CORPORATION (Japan)


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Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

Frequently Asked Questions

The North America identity document (id) barcode reading in factory automation market size will be worth USD 4.25 billion by 2031.
The Increased digitization of the economies, rising requirements for accurate data storage from assembly line to outbound logistics, growing advancement in the field of passenger information systems in the developing economies and increasing personal disposable income are the growth drivers of the North America identity document (id) barcode reading in factory automation market.
Product type, technology, barcode type, and vertical are the factors on which the North America identity document (id) barcode reading in factory automation market research is based.
Major companies in the North America identity document (id) barcode reading in factory automation market are Jadak, Balluff Automation India Pvt. Ltd., RTscan Technology Limited, Scandit, Wasp Barcode Technologies, SATO America, Axicon Auto ID Limited, Handheld Group, Cognex Corporation, Great Eastern, Data Logic S.p.A, Honeywell International, Inc., OMRON Corporation, Zebra Technologies Corp and KEYENCE CORPORATION among others.
The North America identity document (id) barcode reading in factory automation market growth rate is 6.50% during the forecast period by 2031.