How Has the Identification (ID) Barcode Readers In Factory Automation Market Evolved Historically and What is its Current Size?
The identification (id) barcode readers in factory automation market has seen considerable growth due to a variety of factors.
• The identification (ID) barcode readers market in factory automation has seen strong growth in recent years. It is projected to grow from $2.56 billion in 2024 to $2.76 billion in 2025, at a CAGR of 7.9%.
The growth is due to improved database integration for data management, automatic data capture, advancements in mobile compatibility for barcode scanning, and the increasing adoption of barcode readers in various industries.
What is the Forecasted Market Size and CAGR for the Identification (ID) Barcode Readers In Factory Automation Market?
The identification (id) barcode readers in factory automation market is expected to maintain its strong growth trajectory in upcoming years.
• The identification (ID) barcode readers market in factory automation is expected to grow to $3.69 billion by 2029, at a CAGR of 7.5%.
The growth is due to the increasing use of image recognition, the demand for precision and reliability in production, adoption of high-speed scanners, regulatory requirements, and the need for secure ID verification. Trends include innovation in barcode technology, compliance assurance, quality control, product innovation, and advanced barcode readers.
What Key Factors and Trends Are Driving The Growth Identification (ID) Barcode Readers In Factory Automation Market?
The rise in image recognition applications is expected to drive the growth of ID barcode readers in factory automation. Image recognition technologies are increasingly being used for object detection and data management in industries. ID barcode readers facilitate the quick and accurate processing of barcode information, enhancing efficiency and reducing errors in production and inventory management. For example, in January 2022, Capital Economics reported that AI applications, including image recognition, are being widely tested and adopted by businesses, contributing to the demand for ID barcode readers in factory automation.
What Are The Market Segments In The Identification (ID) Barcode Readers In Factory Automation Market?
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
Subsegments:
1) By Quick Response (QR) Or Barcode Recognition: 1D Barcode Scanners, 2D Barcode Scanners, QR Code Readers
2) By Object Recognition: Object Detection Scanners, Machine Vision Systems for Object Recognition, 3D Object Recognition Technologies
3) By Facial Recognition: Face Scanning Systems For Factory Access, AI-Based Facial Recognition Technology, Multi-Factor Authentication With Facial Recognition
4) By Pattern Recognition: Pattern Matching Algorithms, Optical Pattern Recognition Systems, Barcode And QR Code Pattern Recognition
5) By Optical Character Recognition (OCR): OCR For Barcode Reading, Text Recognition Systems For Factory Automation, Handwritten Text Recognition
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Which Emerging Market Trends Are Altering The Identification (ID) Barcode Readers In Factory Automation Industry?
Key players in the factory automation market for the identification (ID) barcode reader are emphasizing the creation of innovative applications of ID barcode technology, including compact industrial 1D code readers, aimed at offering dependable and superior barcode reading performance. Developed specifically for manufacturing and logistics sectors, compact industrial 1D code readers are types of barcode scanners. For instance, in January 2024, Datalogic S.p.A., an industrial automation firm based in Italy, introduced the Blade Series. This new range of compact industrial 1D code readers is engineered to provide top-notch traceability for the packaging and intralogics industries. Equipped with a solid-state 1920x128 pixel camera sensor, cutting-edge lighting, and precise 1-dimensional decoding, it can consistently identify labels, irrespective of their discoloration, damage, wear, or inferior quality.
Who Are the Key Players In The Identification (ID) Barcode Readers In Factory Automation Market?
Major companies operating in the identification (ID) barcode readers in factory automation market are:
• 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
What Are The Regional Insights Into The Identification (ID) Barcode Readers In Factory Automation Market?
North America was the largest region in the identification (ID) barcode readers in the factory automation market in 2024. The regions covered in the identification (ID) barcode readers in factory automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
