Global ID Barcode Readers In Factory Automation Market, By 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) - Industry Trends and Forecast to 2031.
ID Barcode Readers in Factory Automation Market Analysis and Size
One of the factors that are increasing demand for image recognition across the Asia-Pacific region is the growing adoption of cloud-based image recognition solutions. Growing adoption of security applications, which acts as a driving factor for the growth of the market.
Data Bridge Market Research analyzes that the global ID barcode readers in factory automation market which was USD 34,709.79 million in 2023, is expected to reach USD 106,918.91 by 2031, and is expected to undergo a CAGR of 13.1% during the forecast period 2023-2031. The automobile and transportation sector will drive the market due to the increasing integration of image recognition for autonomous vehicle development, enhancing safety through advanced driver assistance systems (ADAS), and optimizing traffic management with real-time visual data analysis, all of which contribute to improved efficiency and safety in the industry.
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.
ID Barcode Readers in Factory Automation Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2024 to 2031
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Base Year
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2023
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Historic Years
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2022 (Customizable to 2016-2021)
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Quantitative Units
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Revenue in USD Million, Pricing in USD
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Segments Covered
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By 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, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E., Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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IBM Corporation (U.S.), Microsoft (U.S.), Clarifai, Inc (U.S.), Huawei Technologies Co., Ltd. (China), TRAX IMAGE RECOGNITION (Singapore), Vispera Information Technologies (Turkey), Partium.io (U.S.), LTU Tech (France), Blippar (U.K.), Wikitude GmbH (Austria), Trigo (Israel), Ricoh (Japan), Honeywell International Inc. (U.S.), Google (U.S.), TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION (Japan), Qualcomm Technologies, Inc. (U.S.), Hitachi Information & Telecommunication Engineering, Ltd. (Japan), Amazon Web Services (U.S.)
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Market Opportunities
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Market Definition
The barcode reader in factory automation refers to the production, distribution, and implementation of barcode reading technology within automated manufacturing environments. The various types of barcode readers utilized in factory settings, including handheld scanners, fixed-mount scanners, mobile devices with scanning capabilities, and vision-based systems. These readers are integrated into automated processes to identify and track products, components, or assets by reading barcode labels or tags attached to them.
Global ID Barcode Readers in Factory Automation Market Dynamics
Driver
- Increasing use of image recognition applications
Image recognition is playing a very important role for the future of the tech and is changing the way to see the world. Today, image recognition is used in our daily life whether it is gaming, healthcare, retail industry, social media platforms, security industry and automobile industry. For security and safety purposes image recognition has been developed such as drones, security camera, facial recognition devices and others. Increasing usage of image recognition in different application is the factor for the market growth
- Increased Efficiency in Production Processes
The implementation of barcode readers in factory automation significantly enhances the efficiency of production processes. By accurately scanning and identifying products, components, or materials, barcode readers streamline tasks such as inventory management, material tracking, and order processing. This efficiency improvement leads to reduced manual errors, faster throughput, and better utilization of resources within the manufacturing environment. As a result, companies can achieve higher productivity levels, lower operational costs, and ultimately enhance their competitive edge in the market.
Opportunity
- Integration with Internet of Things (IoT) and Industry 4.0
The ongoing integration of barcode readers with IoT and Industry 4.0 technologies presents a significant opportunity in the factory automation market. By connecting barcode readers to IoT-enabled devices and systems, manufacturers can achieve real-time visibility and control over their production processes. This integration enables functionalities such as predictive maintenance, remote monitoring, and data analytics, allowing companies to optimize their operations further. In addition, the synergy between barcode readers and Industry 4.0 principles facilitates the implementation of smart manufacturing practices, driving innovation and unlocking new avenues for operational improvement and business growth.
Restraint/Challenge
- Initial Investment Costs
One of the key restraints facing the adoption of barcode readers in factory automation is the initial investment costs associated with deploying and integrating the technology into existing manufacturing systems. Implementing barcode reader solutions requires upfront expenses for hardware acquisition, software development or integration, employee training, and potential modifications to the production environment. For many businesses, especially small and medium-sized enterprises (SMEs), these upfront costs can pose a significant barrier to entry or expansion.
Recent Developments
- In March 2018, Staqu announced the launch of their new AI-powered eye-wearable Smart Glass which have hybrid of speech and image recognition technology. It is specially designed so that they can warn citizens about any danger around them. It also consists of in- built camera which has the ability of face recognition. The main aim of the launch is to increase the safety and security of the people
- In March 2017, Salesforce announced the launch of their new tool Einstein Vision which is specially designed so that they can help the users to easily train custom image recognition system. This new tool will help the user to add various images, and then machine will create a recognizer which will analyze the future pictures
Global ID Barcode Readers in Factory Automation Market Scope
The ID barcode readers in factory automation market is segmented on the basis of offering, technology, deployment, application, and end use. 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.
Offering
- Hardware
- Software
- Services
Technology
- QR/Barcode Recognition
- Object Recognition
- Facial Recognition
- Pattern Recognition
- Optical Character Recognition
Deployment
- Cloud
- On-Premise
Application
- Augmented Reality
- Scanning and Imaging
- Security and Surveillance
- Marketing and Advertising
- Image Search
End Use
- Automobile and Transportation
- BFSI (Banking, Financial Services, and Insurance)
- Government
- Healthcare
- IT and Telecom
- Media and Entertainment
- Retail and E-Commerce
- Others
Global ID Barcode Readers in Factory Automation Market Region Analysis/Insights
The ID barcode readers in factory automation market is analyzed and market size, volume information is provided by country, offering, technology, deployment, application, and end use as referenced above.
The countries covered in the market report are the U.S., Canada, Mexico, Germany, U.K., France, Italy, Spain, Russia, Poland, Switzerland, Netherlands, Hungary, Austria, Norway, Ireland, Turkey, Lithuania, rest of Europe, China, Japan, India, Australia, South Korea, Singapore, Thailand, Malaysia, Indonesia, Philippines, Vietnam, rest of Asia-Pacific, Brazil, Argentina, Peru, rest of South America, South Africa, Saudi Arabia, U.A.E., Israel, Kuwait, Egypt, and rest of Middle East & Africa.
The Asia-Pacific region is expected to dominate and is expected to be the fastest growing in the market due to extensive industrialization and technological advancements.
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 like 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 and Global ID Barcode Readers in Factory Automation Market Share Analysis
The ID barcode readers in factory automation market competitive landscape provides details of competitors. 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, and application dominance. The above data points provided are only related to the companies' focus related to the ID barcode readers in factory automation market.
Some of the major players operating in the ID barcode readers in factory automation market are:
- IBM Corporation (U.S.)
- Microsoft (U.S.)
- Clarifai, Inc (U.S.)
- Huawei Technologies Co., Ltd. (China)
- TRAX IMAGE RECOGNITION (Singapore)
- Vispera Information Technologies (Turkey)
- Partium.io (U.S.)
- LTU Tech (France)
- Blippar (U.K.)
- Wikitude GmbH (Austria)
- Trigo (Israel)
- Ricoh (Japan)
- Honeywell International Inc. (U.S.)
- Google (U.S.)
- TOSHIBA ELECTRONIC DEVICES & STORAGE CORPORATION (Japan)
- Qualcomm Technologies, Inc. (U.S.)
- Hitachi Information & Telecommunication Engineering, Ltd. (Japan)
- Amazon Web Services (U.S.)
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