The image-based barcode reader market has demonstrated significant growth, expanding from $1.83 billion in 2023 to $1.95 billion in 2024, with a compound annual growth rate (CAGR) of 6.3%. This growth is attributed to increasing automation and Industry 4.0, a rising demand for efficient barcode scanning solutions, greater use of barcode technology, and enhanced revenue and productivity. The market is expected to see continued strong growth, reaching $2.50 billion by 2028 at a CAGR of 6.4%. This growth is driven by the expanding e-commerce and retail sectors, increasing adoption of automation and Industry 4.0, higher demand for image-based barcode readers, and rising requirements for automation. Major trends during the forecast period include AI and machine learning integration, the penetration of sophisticated barcodes and QR codes, advancements in imaging technology, and integration with smartphone technology.
Global Image Based Barcode Reader Market Key Driver
The growth of the image-based barcode reader market is expected to be driven by the increasing e-commerce and retail sectors. E-commerce involves buying and selling goods and services online, while retail includes both physical stores and online sales channels. The rise in e-commerce and retail is fueled by factors like the convenience of online shopping, the variety of products available, and growing mobile device usage. Image-based barcode readers enhance these sectors by enabling accurate inventory management, faster checkouts, and efficient order fulfillment through their ability to read various barcode types from any orientation. For example, in May 2024, the United States Census Bureau reported an 8.5% increase in e-commerce sales in the first quarter of 2024 compared to the same period in 2023, while total retail sales rose by 2.8% during the same timeframe. This expansion in e-commerce and retail is driving the growth of the image-based barcode reader market.
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Global Image Based Barcode Reader Market Segments
The image based barcode reader market covered in this report is segmented –
1) By Type: Handheld Barcode Reader, Stationary Barcode Reader
2) By Technology: S Mounted Lens, C Mounted Lens, Autofocus Or Liquid Based Lens
3) By Connectivity: Universal Serial Bus (USB), Bluetooth, Wi-Fi And POE (Power Over Ethernet)
4) By Application: Retail And Wholesale, Logistics And Warehousing, Industrial Manufacturing, Healthcare
5) By End Use: Retail And Commercial, Manufacturing, Automotive, Food And Beverages, Semiconductors, General Manufacturing, Health Care, Logistics And Warehouse, Commercial Aviation, Defense
By Geography:The regions covered in the image based barcode reader 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 image based barcode reader Market in 2023.
Major Image Based Barcode Reader Industry Players
DENSO Corporation, Honeywell International Inc., Omron Corporation, Zebra Technologies, SICK Vertriebs-GmbH, Cognex Corporation, Datalogic S.p.A., Scandit AG, Blue Bird Corporation, CipherLab Co. Ltd., Code Corporation, Newland Auto-ID Tech Co. Ltd., Jadak a Novanta Company, Argox Information Co. Ltd., RTscan Technology Limited, Socket Mobile Inc., SATO Holdings Corporation, Microscan Systems Inc., Marson Technology Co. Ltd., Opticon Sensors Europe B.V., Axicon Auto ID Ltd., Keyence Corporation, NCR Corporation, MindSEO Lda
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Image Based Barcode Reader Market Overview
Image-based barcode readers are devices that utilize optical recognition technology to scan and decode barcodes using a camera or image sensor instead of traditional laser scanning methods. These readers capture an image of the barcode, process it using software to extract the encoded information, and then interpret it for various applications such as inventory management, logistics, and retail operations.
Image Based Barcode Reader Global Market Report 2023 provides data on the global image based barcode reader market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The image based barcode reader market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.
