The identification (ID) barcode readers market within factory automation has experienced robust growth, increasing from $2.38 billion in 2023 to $2.56 billion in 2024, reflecting a compound annual growth rate (CAGR) of 7.5%. This impressive growth is fueled by advancements in database integration, automatic data capture, and improved mobile compatibility for ID barcode scanning. The market is projected to reach $3.43 billion by 2028, at a CAGR of 7.6%. Key drivers include the rising demand for image recognition applications, heightened precision and reliability in production, and the adoption of high-speed scanners for enhanced processing efficiency.
Major Driver In The Identification ID Barcode Readers In Factory Automation Market
The ID barcode readers market in factory automation is expected to flourish thanks to the increasing use of image recognition applications. These readers are essential for improving efficiency and accuracy in inventory management. A report by Capital Economics noted a significant interest in AI technologies, with many businesses planning to adopt such advancements. As image recognition continues to be integrated into operations, demand for ID barcode readers will grow.
Request A Free Sample Of The Identification ID Barcode Readers In Factory Automation Market Report
Identification ID Barcode Readers In Factory Automation Market Competitive Landscape
Hitachi Ltd., Siemens AG, Qualcomm Technologies Inc., Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Toshiba Corporation, Ricoh Company Ltd., Emerson Electric Co., Rockwell Automation Inc., Keyence Corporation, Omron Electronics LLC, Zebra Technologies, Cognex Corporation, Data Logic S.p.A, Jadak LLC, ECOM Instruments GmbH, Clarifai Inc., Wikitude GmbH, Custom Sensors Inc
Key Identification ID Barcode Readers In Factory Automation Market Trend
In the identification (ID) barcode reader market, innovation is driving the development of compact industrial 1D code readers. Datalogic S.p.A. launched the Blade Series in January 2024, featuring a high-precision camera sensor for superior traceability in packaging and logistics. This advanced barcode reader consistently performs well, detecting labels even in challenging conditions, thereby enhancing efficiency in manufacturing processes.
Purchase The Global Identification ID Barcode Readers In Factory Automation Market Report Directly And Get A Swift Delivery
Identification ID Barcode Readers In Factory Automation Market Segmentation
The identification (ID) barcode readers in factory automation market covered in this report is segmented –
1) By Technology: Quick Response (QR) Or Barcode Recognition, Object Recognition, Facial Recognition, Pattern Recognition, Optical Character Recognition
2) By Offering: Hardware, Software, Services
3) By Deployment: Cloud, On-Premise
4) By Application: Augmented Reality, Scanning And Imaging, Security And Surveillance, Marketing And Advertising, Image Search
5) By End Use: Automobile And Transportation, Banking, Financial Services, And Insurance (BFSI), Government, Healthcare, Information Technology (IT) And Telecom, Media And Entertainment, Retail And E-Commerce, Other End Uses
By Geography:The regions covered in the identification (ID) barcode readers in factory automation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the identification (ID) barcode readers in the factory automation market in 2023.
The Identification ID Barcode Readers In Factory Automation Global Market Report 2024 furnishes information about the global identification id barcode readers in factory automation market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
