Global 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, and 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.
Identity Document (ID) Barcode Reading in Factory Automation Market Analysis and Size
The identity document (ID) barcode reading in factory automation market offers solutions for streamlined barcode scanning in diverse sectors including consumer electronics (tracking electronic components), automotive (part identification), logistics (shipment tracking), food and beverage (product traceability), pharmaceutical and medical (medicine verification), packaging (labelling), and oil (equipment monitoring). These solutions optimize efficiency and accuracy in production and supply chain processes across various industries.
Data Bridge Market Research analyses that the global identity document (ID) barcode reading in factory automation market valued at USD 2.57 billion 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
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Report Metric
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Details
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Forecast Period
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2024-2031
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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 Billion, 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, and Others), Technology (Laser Scanner, Omnidirectional Barcode Scanners, Camera-Based Readers, and 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)
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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), ABB (Switzerland), 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.), Great Eastern (India), 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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Market Opportunities
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Market Definition
Identity document (ID) barcode reading in factory automation refers to the automated process of scanning and decoding barcodes on identification documents, such as driver's licenses or employee badges, within manufacturing facilities. This technology enables rapid and accurate identification of personnel or products, facilitating efficient production line operations and inventory management.
Global Identity Document (ID) Barcode Reading in Factory Automation Market Dynamics
Drivers
- Enhanced Efficiency in Personnel Identification Processes
The integration of identity document (ID) barcode reading into factory automation enhances efficiency in personnel identification processes. This technology automates the scanning and decoding of barcodes on IDs, expediting the verification of employees and visitors. By streamlining the identification process, factories can reduce wait times at entry points, minimize bottlenecks, and ensure smoother operations. Ultimately, this heightened efficiency translates to increased productivity and optimized resource utilization, making it a key driver of adoption in the factory automation market
- Reduced Errors in Data Entry and Record-Keeping
Incorporating identity document (ID) barcode reading into factory automation mitigates errors in data entry and record-keeping. Through automating the process of scanning and decoding barcodes on IDs, this technology ensures accurate capturing and inputting of information into the system. This reduces the risk of human error associated with manual data entry, leading to more reliable record-keeping practices. Ultimately, the enhanced accuracy contributes to improved overall efficiency and productivity within factory operations, making it a significant driver of adoption in the market.
Opportunities
- Innovation in ID Barcode Technology Applications
Advancements such as AI-driven recognition algorithms and high-speed scanners streamline production processes. Cloud-based analytics offer real-time insights, enhancing decision-making. Seamless integration with existing systems meets industry demand for precision. These innovations drive efficiency, accuracy, and reliability, addressing evolving market needs and expanding business opportunities.
- Compliance Assurance and Quality Control Enhancement
Integrating barcode reading technology into production processes enables businesses to ensure adherence to regulatory standards and industry requirements. This facilitates precise tracking and verification of components and products, minimizing the risk of errors and defects. Ultimately, the opportunity lies in improving overall product quality, enhancing customer satisfaction, and establishing a reputation for reliability and compliance in the competitive marketplace.
Restraints/Challenges
- High Initial Investment for Implementation
The high initial investment cost limits the adoption of barcode reading technology, particularly for small and medium-sized enterprises (SMEs) with constrained budgets. As a result, the market may experience slower expansion rates and reduced penetration into certain sectors. The financial burden also hampers innovation and development efforts, potentially stifling advancements in barcode technology and hindering the overall evolution of the market.
- Incompatibility with Existing Factory Automation Systems
Incompatibility discourages potential users, particularly those with established automation infrastructures, from adopting barcode reading solutions. Consequently, market expansion is limited as businesses hesitate to invest in technologies that may disrupt or complicate their current operations
This global 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 global identity document (ID) barcode reading in factory automation 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.
Global Identity Document (ID) Barcode Reading in Factory Automation Market Scope
The global identity document (ID) barcode reading in factory automation market, is segmented on the basis of product type, technology, 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
Global Identity Document (ID) Barcode Reading in Factory Automation Market Regional Analysis/Insights
The global identity document (ID) barcode reading in factory automation market is analysed and market size insights and trends are provided by product type, technology, barcode type and vertical as referenced above.
The countries covered in the global identity document (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
North America dominates the identity document (ID) barcode reading in factory automation market persists, driven by prominent key players and a rising adoption of smart solutions in the retail sector. Technological innovation, robust infrastructure, and a conducive business environment, ensuring continued growth and market leadership, sustain this dominance.
Asia-Pacific's anticipated growth in identity document (ID) barcode reading in factory automation is fueled by improving operational efficiency and expanding industrial activities. The region's dynamic manufacturing landscape, coupled with advancements in automation technology, fosters increased adoption. This growth trajectory reflects Asia-Pacific's evolving role as a key player in the global factory automation market.
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 and Global Identity Document (ID) Barcode Reading in Factory Automation Market Share Analysis
The global 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 global identity document (ID) barcode reading in factory automation market.
Some of the major players operating in the global identity document (ID) barcode reading in factory automation market are:
- 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. (India)
- ABB (Switzerland)
- 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.)
- Great Eastern (India)
- 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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