What Has Been the Progress and Growth of the 2D Barcode Reader Market in Recent Years?
The 2d barcode reader market has seen considerable growth due to a variety of factors.
• The market for 2D barcode readers has seen robust growth in the past few years. Its size is predicted to increase from $7.27 billion in 2024 to $7.76 billion in 2025, with a compound annual growth rate (CAGR) of 6.7%.
The substantial growth seen in the past is due to robust economic expansion in developing markets, global population increase, and a rise in the employment of barcode scanners in the healthcare sector.
What Can Be Expected from the 2D Barcode Reader Market in the Coming Years?
The 2d barcode reader market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for the 2D barcode reader market scale to experience robust expansion in the coming years. It is projected to increase to $10.55 billion by 2029, demonstrating a compound annual growth rate (CAGR) of 8.0%.
Various factors are said to contribute to this burgeoning growth during the projected period such as the global population surge and urbanization, the quick-paced development of e-commerce, an uptick in leisure spending, heightened retail infiltration, a rise in internet access and smartphone utilization, as well as an inclination towards contactless delivery options. Future trends to look out for during this projected timeframe include the adoption of high-velocity, omnidirectional readers, the launch of futuristic barcode scanning technology, a heightened emphasis on pioneering reader systems, the application of AI-enabled reader systems, and the creation of barcode scanning technology for online use.
What Are the Critical Driver Fuelling the 2D Barcode Reader Market's Growth?
The escalating demand in the realms of e-commerce and logistics is projected to fuel the expansion of the 2D barcode reader market in the forthcoming years. The rise in online shopping prevalence is identified as a key accelerator for the growth of the e-commerce and logistics arenas, resulting in the set-up of more distribution hubs and warehouses which subsequently stimulate the 2D barcode reader sector. For instance, as reported by the United States Census Bureau - a government entity based in the US, the e-commerce profits in the United States for 2023 reached an estimation of $1,118.7 billion, showcasing a 7.6% growth from the previous year. Thus, the burgeoning e-commerce and logistics sectors are playing a significant role in driving the 2D barcode reader market's growth.
How Is the 2D Barcode Reader Market segmented?
The 2D barcode reader market covered in this report is segmented –
1) By Reader Type: Cord, Cordless
2) By Application: Warehousing, Logistics, E-Commerce, Factory Automation, Brick and Mortar
3) By End User: Retail, Hospitality, Transportation and logistics, Manufacturing, Healthcare, Others End Users
Subsegments:
1) By Cord: USB Corded Barcode Scanners, Serial Corded Barcode Scanners, Keyboard Wedge Barcode Scanners
2) By Cordless: Bluetooth Barcode Scanners, Wi-Fi Barcode Scanners, RFID Barcode Scanners
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What New Trends Are Influencing the 2D Barcode Reader Market?
Leading firms in the 2D barcode reader market are concentrating on creating inventive goods such as application programming interface (API) solutions to augment integration and functionality across assorted systems and applications. These API solutions facilitate businesses in integrating their barcode scanning capabilities smoothly with other software, enhancing data interchange, managing stock, and increasing overall business efficiency. For example, in February 2024, Bitly, a software-as-a-service company based in the U.S, introduced an automated 2D barcode API solution. This is a programming interface that permits developers to expeditiously generate and regulate 2D barcodes like QR codes, equipped with customization and tracking features. The features of this automated 2D barcode API solution encompass automated generation, customization options, tracking data, smooth pairing with existing systems, multiple barcode format support, an intuitive interface, and secure access for data safeguarding.
Who Are the Key Players in the 2D Barcode Reader Market?
Major companies operating in the 2D barcode reader market include:
• Honeywell InternationalInc.
• Omron Corporation
• Keyence Corporation
• Cognex Corporation
• Datalogic S.p.A.
• Zebra Technologies Corp.
• Zebex Industries Inc.
• Sick AG
• Denso Wave Incorporated
• Opticon Inc
• General Data Co
• Unitech Electronics Co. Ltd.
• Wasp Barcode Technologies
• Tencent
• Alibaba
• INSPIRY
• SUNLUX IOT
• MINDEO
• Argox
• CipherLab
• Casio Computer Co. Ltd.
• Denso Corporation
• Juniper Systems Inc.
• Marson Technology Co. Ltd.
• Scandit
• Sato Holdings Corporation
• Jadak
• Pooyeh International Networks
• BlueStar
What Is The Most Dominant Region In The 2D Barcode Reader Market?
Asia-Pacific was the largest region in the 2D Barcode Reader market in 2024. The regions covered in the 2D barcode reader market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
