Barcode Scanner Market Synopsis

Barcode Scanner Market Size Was Valued at USD 9.03 Billion in 2023 and is Projected to Reach USD 17.17 Billion by 2032, Growing at a CAGR of 7.4% From 2024-2032.

A barcode scanner is a device that is used to scan and read barcodes which uses a light source and a sensor to capture the pattern of lines, spaces, and numbers that make up a barcode. After that, scanned information is decoded and transmitted to a computer or other device for further processing. Barcode scanners are currently used in various industries.

• Barcode scanners are commonly used in retail stores for efficient and accurate product identification and billing to enable quick price lookup, inventory management, and seamless checkout processes. The faster checkout processes reduce customer wait times and improve overall service. It helps in rapid identification, tracking, and sorting of inventory in warehousing. This leads to reduced stockouts, optimized inventory levels, and improved customer satisfaction. It eliminates the need for manual data entry and reduces errors, and improves overall productivity.
• It ensures a high level of accuracy in data capture and leads to improved data quality, more reliable operations, and better decision-making. Barcode scanners also contribute to faster and more efficient processes, saving time and labour costs associated with manual data entry. In industries such as healthcare, pharmaceuticals, and food processing, it plays a crucial role by ensuring proper labelling, traceability, and regulatory compliance.

Barcode Scanner Market Trend Analysis

Increasing Demand In Various Industries

• The retail industry relies heavily on barcode scanners for efficient and accurate product identification, pricing, and inventory management with the growth of e-commerce. With the global expansion of supply chains and the need for real-time visibility, barcode scanners have become essential tools for tracking, tracing, and managing inventory throughout the entire supply.
• Hospitals, clinics, and pharmacies also adapting barcode scanners for patient identification and medication administration. It ensures accurate data capture during production, quality control, and process optimization helping to manage manufacturing and industrial automation processes. Barcode scanners are widely used in the hospitality and event management sectors to enhance crowd management, reduce queues, and improve overall guest experiences. Overall, Barcode scanners improve efficiency, enhance accuracy, and better customer experiences which contribute to the growth of the market.

Opportunity

Increasing e-Commerce Industry

• Barcode scanners enable quick and easy data capture of product information, pricing, and inventory levels which allows -commerce companies to manage and update their product databases in real-time. This leads to enhanced efficiency, improved accuracy, and faster processing times. It can easily track and trace products during shipping and delivery ensuring error-free supply chain management. It also helps to manage inventory levels in real time, to keep check on the stock of products.
• Barcode scanners are cost-effective and can provide excellent value for e-commerce companies by managing a vast range of products more efficiently. In 2023, global retail e-commerce sales reached an estimated 5784 Billion U.S. dollars. The barcode scanner reduces the risk of delayed or cancelled orders. As e-commerce companies continue to seek ways to improve operational efficiency and customer experiences, the demand for barcode scanners will continue.

Barcode Scanner Market Segment Analysis:

Barcode Scanner Market Segmented based on Type, Technology, And Application.  

By Type, the Handheld Segment Is Expected to Dominate the Market During the Forecast Period

There are two segments such as handheld and fixed barcode scanners. Among these, the handheld segment is expected to dominate the market during the forecast period.

• Handheld barcode scanners can be used anywhere at any time due to their portability. This makes them highly flexible and suitable for various industries, such as retail, warehousing, and healthcare, allowing users to take the scanner directly to the item to be scanned, which saves time and effort. Users can quickly scan items without the need for a complex set-up with easy-to-use and minimal training properties.
• It is relatively affordable compared to fixed scanners and can be used with a smartphone or tablet. Handheld barcode scanners can scan different types of barcodes such as 1D, 2D, and QR codes, making it versatile. Its portability, ease of use, affordability, flexibility, ergonomic design, and real-time data capture capabilities make it attractive option for various industries.

By Application, Logistics and Warehousing Segment Held the Largest Share In 2023

There are nine segments by application such as logistics and warehousing, retail, healthcare, manufacturing & production, transportation, hospitality and entertainment, automotive, banking and finance, and education. Among these, logistics and warehousing segment held the largest share in 2023.

• Barcode scanners are essential tools for inventory management in logistics and warehousing for enabling the efficient tracking and tracing of products throughout the supply chain, from the time they leave the manufacturing facility to their arrival at the distribution centre. This leads to improved visibility, reduced errors with faster processing time. The efficient scanning and tracking of packages with barcode scanners ensure the correct picking, packing and delivery time of product which results in lower error rates, reduced shipping times, and improved customer satisfaction.
• Barcode scanners provide high-quality data capture for critical in logistics and warehousing. They can capture critical information such as product identification, location, and quantity in real-time accurately. This eliminates the need for manual data management resulting in reduction of human resources and labour cost and errors in data. Accurate data leads to precise inventory tracking and better decision-making, which improves efficiency and enhances profitability.

Barcode Scanner Market Regional Insights:

Asia Pacific is Expected to Dominate the Market Over the Forecast Period

• The Asia Pacific region is experiencing a significant surge in e-commerce activities with the rise of online retail platforms. This increasing adoption of e-commerce is driving the demand for barcode scanners to manage inventory, track shipments, and ensure accurate fulfilment. It plays a crucial role in streamlining production processes, inventory management, and supply chain operations resulting in a high demand for barcode scanners.
• The rising population, increasing disposable income, and changing consumer preferences led to the growth of the Asia Pacific region in this market. Several governments in the Asia Pacific region are initiating various programs and policies to support digital transformation and the adoption of advanced technologies in industries promoting the use of barcode scanners in supply chain management, logistics, and retail sectors.

Barcode Scanner Market Active Players

• Wasp Barcode Technologies (USA)
• Datalogic S.p.A. (Italy)
• Scandit AG (Switzerland)
• Juniper Systems (USA)
• Bluebird (South Korea)
• Denso (Japan)
• NCR (USA)
• Newland (China)
• Opticon (Netherlands)
• SICK (Germany)
• Zebra Technologies Corporation (USA)
• OCOM Technologies (China)
• JC Square Inc. (GMO Hosting & Security Inc.) (Japan)
• SATO Holdings Corporation (Japan)
• Toshiba TEC Corporation (Japan)
• ASSA ABLOY AB (Sweden)
• AURES Group (France)
• CipherLab Co. Ltd. (Taiwan)
• Cognex Corp. (United States)
• Generalscan Inc. (China)
• Honeywell International Inc. (United States)
• MilDef Group AB (Sweden) and Other Active Players.

Key Industry Developments in the Barcode Scanner Market:

• In Feb 2024, The Vienna-based mobile data capture and analysis company Anyline announced, it launched a new type of autonomous drone inventory management software for warehouses. With this technology, a single drone operator can easily scan inventory, creating a safer and more accurate tracking process for warehouses.
• In March 2023, Cognex Corporation launched the DataMan 380 series of fixed-mount, image-based barcode readers equipped with C-mount Cognex high-speed liquid lenses. With AI-accelerated decoding, they are designed to read 1D and 2D codes in logistics and manufacturing operations, such as reading codes during robotic pick-and-place applications, scanning packages on pallets, and reading barcodes on tires

1. INTRODUCTION
   1. RESEARCH OBJECTIVES
   2. RESEARCH METHODOLOGY
   3. RESEARCH PROCESS
   4. SCOPE AND COVERAGE
      1. Market Definition
      2. Key Questions Answered
   5. MARKET SEGMENTATION
2. EXECUTIVE SUMMARY
3. MARKET OVERVIEW
4. GROWTH OPPORTUNITIES BY SEGMENT
5. MARKET LANDSCAPE
   1. PORTER’S FIVE FORCES ANALYSIS
      1. Bargaining Power of Supplier
      2. Threat Of New Entrants
      3. Threat Of Substitutes
      4. Competitive Rivalry
      5. Bargaining Power Among Buyers
   2. INDUSTRY VALUE CHAIN ANALYSIS
   3. MARKET DYNAMICS
      1. Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   4. MARKET TREND ANALYSIS
   5. REGULATORY LANDSCAPE
   6. PESTLE ANALYSIS
   7. PRICE TREND ANALYSIS
   8. PATENT ANALYSIS
   9. TECHNOLOGY EVALUATION

MARKET IMPACT OF THE RUSSIA-UKRAINE WAR

5. 9. 1. Geopolitical Market Disruptions
      2. Supply Chain Disruptions
      3. Instability in Emerging Markets
   10. ECOSYSTEM
6. BARCODE SCANNER MARKET BY TYPE (2017-2032)
   1. BARCODE SCANNER MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. HANDHELD
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors and Opportunities
      5. Geographic Segmentation Analysis
   4. FIXED
7. BARCODE SCANNER MARKET BY TECHNOLOGY (2017-2032)
   1. BARCODE SCANNER MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. CCD READER
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. OMNIDIRECTIONAL BARCODE SCANNER
   5. LASER-BASED SCANNER
   6. PEN-TPE READER
   7. RADIO FREQUENCY IDENIFICATION
   8. TECHNOLOGYF
8. BARCODE SCANNER MARKET BY APPLICATION (2017-2032)
   1. BARCODE SCANNER MARKET SNAPSHOT AND GROWTH ENGINE
   2. MARKET OVERVIEW
   3. LOGISTICS AND WAREHOUSING
      1. Introduction And Market Overview
      2. Historic And Forecasted Market Size in Value (2017-2032F)
      3. Historic And Forecasted Market Size in Volume (2017-2032F)
      4. Key Market Trends, Growth Factors And Opportunities
      5. Geographic Segmentation Analysis
   4. RETAIL
   5. HEALTHCARE
   6. MANUFACTURING & PRODUCTION
   7. TRANSPORTATION
   8. HOSPITALITY AND ENTERTAINMENT
   9. AUTOMOTIVE
   10. BANKING AND FINANCE
   11. EDUCATION
9. COMPANY PROFILES AND COMPETITIVE ANALYSIS
   1. COMPETITIVE LANDSCAPE
      1. Competitive Benchmarking
      2. BARCODE SCANNER Market Share By Manufacturer (2023)
      3. Industry BCG Matrix
      4. Heat Map Analysis
      5. Mergers & Acquisitions
   2. WASP BARCODE TECHNOLOGIES (USA)
      1. Company Overview
      2. Key Executives
      3. Company Snapshot
      4. Role of the Company in the Market
      5. Sustainability and Social Responsibility
      6. Operating Business Segments
      7. Product Portfolio
      8. Business Performance (Production Volume, Sales Volume, Sales Margin, Production Capacity, Capacity Utilization Rate)
      9. Key Strategic Moves And Recent Developments
      10. SWOT Analysis
   3. DATALOGIC S.P.A. (ITALY)
   4. SCANDIT AG (SWITZERLAND)
   5. JUNIPER SYSTEMS (USA)
   6. BLUEBIRD (SOUTH KOREA)
   7. DENSO (JAPAN)
   8. NCR (USA)
   9. NEWLAND (CHINA)
   10. OPTICON (NETHERLANDS)
   11. SICK (GERMANY)
   12. ZEBRA TECHNOLOGIES CORPORATION (USA)
   13. OCOM TECHNOLOGIES (CHINA)
   14. JC SQUARE INC. (GMO HOSTING & SECURITY INC.) (JAPAN)
   15. SATO HOLDINGS CORPORATION (JAPAN)
   16. TOSHIBA TEC CORPORATION (JAPAN)
   17. ASSA ABLOY AB (SWEDEN)
   18. AURES GROUP (FRANCE)
   19. CIPHERLAB CO. LTD. (TAIWAN)
   20. COGNEX CORP. (UNITED STATES)
   21. GENERALSCAN INC. (CHINA)
   22. HONEYWELL INTERNATIONAL INC. (UNITED STATES)
   23. MILDEF GROUP AB (SWEDEN)
10. GLOBAL BARCODE SCANNER MARKET BY REGION
    1. OVERVIEW
    2. NORTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Type
       4. Historic And Forecasted Market Size By Technology
       5. Historic And Forecasted Market Size By Application
       6. Historic And Forecasted Market Size By Country
          1. USA
          2. Canada
          3. Mexico
    3. EASTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Russia
          2. Bulgaria
          3. The Czech Republic
          4. Hungary
          5. Poland
          6. Romania
          7. Rest Of Eastern Europe
    4. WESTERN EUROPE
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Germany
          2. United Kingdom
          3. France
          4. The Netherlands
          5. Italy
          6. Spain
          7. Rest Of Western Europe
    5. ASIA PACIFIC
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. China
          2. India
          3. Japan
          4. South Korea
          5. Malaysia
          6. Thailand
          7. Vietnam
          8. The Philippines
          9. Australia
          10. New-Zealand
          11. Rest Of APAC
    6. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    7. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
11. INVESTMENT ANALYSIS
12. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies
       1. 1. Thailand
          2. Vietnam
          3. The Philippines
          4. Australia
          5. New-Zealand
          6. Rest Of APAC
    3. MIDDLE EAST & AFRICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Turkey
          2. Bahrain
          3. Kuwait
          4. Saudi Arabia
          5. Qatar
          6. UAE
          7. Israel
          8. South Africa
    4. SOUTH AMERICA
       1. Key Market Trends, Growth Factors And Opportunities
       2. Key Manufacturers
       3. Historic And Forecasted Market Size By Segments
       4. Historic And Forecasted Market Size By Country
          1. Brazil
          2. Argentina
          3. Rest of South America
13. INVESTMENT ANALYSIS
14. ANALYST VIEWPOINT AND CONCLUSION
    1. Recommendations and Concluding Analysis
    2. Potential Market Strategies