Global 2D Barcode Reader Market Report 2022 – Market Forecast, Trends And Strategies

The global 2D barcode reader market size is expected to grow from $5.87 billion in 2021 to $6.35 billion in 2022 at a compound annual growth rate (CAGR) of 8.17%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The global 2D barcode readers market size is expected to reach $8.92 billion in 2026 at a CAGR of 8.87%.

What is the Global 2D Barcode Reader Market?

The 2D barcode reader market consists of the sale of a 2D barcode reader or scanner by entities (organizations, sole traders, and partnerships) that are used to scan the picture of both 1D and 2D barcodes. The 2D barcode reader, also known as Area Imagers involves optimization of images for contrast and then decoding it to extract information out of the barcode. These increase the efficiency of the business by minimalizing the time required to interpret the information about the product and services. The 2D barcode readers are being used in various industries as they are accomplished to store data related to products and services.

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What drives the Global 2D Barcode Reader Market?

The development of technologically advanced reader systems across the market is a key trend gaining popularity in the 2D barcode reader market. The various technologically advanced barcode readers implemented across the market comprised of QR codes, Data Matrix, PDF417, Aztech 2D, machine vision, digital image scanning, RFID, decoding technology, etc. Many companies operating in 2D barcode readers are adopting RFID technology. For instance, In December 2021, Denso wave launched an SP1 scanner with an autopilot function. It is an advancement to the RFID scanner which enables smart devices to turn into high-speed UHF RFID scanners. The addition of autopilot functionality to the RFID scanner allows the scanning to be operated with doubled speed and manage more complex data as well. Additionally, the RGID tags as well as Near Field Communication (NFC) technology is also in trend due to which the demand for 2D barcode scanners is expected to grow.

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Global 2D Barcode Reader Market Segments
The global 2D barcode reader market is segmented:
By Type: Fixed, Portable
By Reader Type: Cord, Cordless
By Application: Warehousing, Logistics, E-Commerce, Factory Automation
By End-User: Retail, Hospitality, Transportation and Logistics, Manufacturing, Healthcare, Others
By Geography: The regions covered in the 2D barcode reader market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

2D Barcode Reader Global Market Report 2022provides market size and growth forecasts for the global 2D barcode reader market, global 2D barcode reader market share, 2D barcode reader market segments and geographies, 2D barcode reader market competitive landscape including leading competitors’ revenues, profiles and market shares. The 2D barcode reader market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

Global 2D Barcode Reader Industry Playersinclude Denso Wave Incorporated, Casio Computer Co., Ltd., Cognex Corporation, Datalogic S.p.A., Honeywell International, Inc., General Data Co Inc., JADAK - A Novanta Company, Juniper Systems Inc., Keyence Corporation, Marson Technology Co., Ltd., Omron Microscan Systems, Inc, Sato Holdings Corporation, Scandit, Sick AG, Unitech Electronics Co., Ltd., Wasp Barcode Technologies, Zebex Industries Inc., Zebra Technologies Corp., Toshiba Tec Corporation, Adesso Inc, Dynamsoft, Shenzhen Alacrity Barcode Technology Co.,Ltd, SSE Technologies, and RIOTEC Co., Ltd. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.