Global Image Based Barcode Reader Market – Industry Trends and Forecast to 2030

Image Based Barcode Reader Market Analysis and Size

A barcode reader or scanner refers to the type of device for assisting in the extraction of data or information from the barcode and transmission to the computer. A barcode comprises the decoder, coder, and a cable. The connected computer consists of the software that assists in reading the data. The barcode scanner consists of a high-resolution camera that is capable of processing barcodes simultaneously.

Data Bridge Market Research analyses that the global image based barcode reader market which was USD 1,917.09 million in 2022, would rocket up to USD 2,971.68 million by 2030, and is expected to undergo a CAGR of 5.66% during the forecast period. This indicates the market value. “Portable/Handheld Scanners” is expected to dominate the product type segment of the global image based barcode reader market due to portable or handheld scanners providing the flexibility to scan barcodes in various locations and orientations, making them suitable for a wide range of applications. Users can carry them to different workstations, retail aisles, or warehouse locations. 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

Market Definition

The image-based barcode reader refers to the collective industry focused on the production, distribution, and use of image-based barcode reading and scanning technologies and devices. In this market, image-based barcode readers are devices or systems designed to capture and decode barcode information using optical imaging techniques and advanced software algorithms. These devices have largely replaced traditional laser-based barcode scanners due to their superior performance and versatility.

Global Image Based Barcode Reader Market Dynamics

Drivers

• Increasing Demand from Emerging Economies

The demand for image-based barcode readers is growing rapidly in emerging economies such as China, India, and Brazil. This is due to the rapid growth of the manufacturing and retail sectors in these countries.

• Growing Demand for Omnichannel Retail

Omnichannel retailers need to be able to track inventory and customer orders across all channels, including online, in-store, and mobile. Image-based barcode readers can help them to do this.

• The Increasing Adoption of Mobile Technology

Image-based barcode readers can be integrated with mobile devices such as smartphones and tablets. This makes them more convenient and versatile to use in a variety of applications.

Opportunity

• Rising Adoption of Automation and Industry 4.0

mage-based barcode readers are playing a key role in the automation of various processes in manufacturing, logistics, retail, and other industries. They are used for tasks such as tracking inventory, managing supply chains, and ensuring quality control.

Restraint

• High Cost of Bar Code Reader

Image-based barcode readers are more expensive than traditional 1D barcode readers. This can be a barrier to entry for small businesses and businesses in developing economies.

Challenge

• Complexity of Integration

Image-based barcode readers can be complex to integrate with existing systems. This can require specialized expertise and can be costly.

This global image based barcode reader market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the 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 image based barcode reader market, contact the Data Bridge Market Research for an Analyst Brief. Our team will help you make an informed market decision to achieve market growth.

Recent Developments

• In September 2020, Omron Corporation launched a new image-based barcode reader, the Omron VS-2000. The Omron VS-2000 is a high-performance, industrial-grade barcode reader that can scan a wide range of barcodes, including 1D, 2D, and QR codes. It is designed for use in a variety of industries, including manufacturing, logistics, retail, and healthcare
• In January 2018, Jadak launched a new image-based barcode reader, the Jadak 9600. The Jadak 9600 is a high-performance, industrial-grade barcode reader that can scan a wide range of barcodes, including 1D, 2D, and QR codes. It is designed for use in a variety of industries, including manufacturing, logistics, retail, and healthcare

Global Image Based Barcode Reader Market Scope

The global image based barcode reader market is segmented on the basis of product type, imaging type, technology, connectivity, end use, and sales channel. The growth amongst these segments will help you analyze meager 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

• Portable/Handheld Scanners
• Rugged Scanners
• PDA Scanners
• Smart Phones
• Automatic Readers
• Cordless Scanners
• Fixed-Position Scanners
• Stationary Scanners
• Presentation Scanners

Imaging Type

• 1D Image/ Code Scanning
• 2D Image/ Code Scanning

Technology

• S Mounted Lens
• C Mounted Lens
• Autofocus / Liquid Based Lens

Connectivity

• USB
• Bluetooth
• Wi-Fi and POE (Power Over Ethernet)

End Use

• Retail and Commercial
• Manufacturing
• Automotive
• F&B
• Semiconductors
• General Manufacturing
• Health Care
• Logistics & Warehouse
• Commercial Aviation
• Defense
• Others

The Global Image Based Barcode Reader Market Region Analysis/Insights

The global image based barcode reader market is analyzed, and market size insights and trends are provided by region, product type, imaging type, technology, connectivity, end use, and sales channel, as referenced above.

The regions covered in the global image based barcode reader market are North America, South America, Europe, Asia-Pacific, and the Middle East and Africa. The countries covered in the global image based barcode reader market report are U.S., Canada, Mexico, Brazil, Argentina, the Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa.

Asia-Pacific is expected to dominate the global image based barcode reader market due to the increased penetration of an image-based barcode reader in countries such as China. North America is expected to witness significant growth during the forecast period of 2023 to 2030 because of the increased penetration of high-speed internet in the region.

The region section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream 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 the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the region data.   

Competitive Landscape and Global Image Based Barcode Reader Market Share Analysis

The global image based barcode reader 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 global image based barcode reader market.

Some of the major players operating in the global image based barcode reader market are:

• 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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