Pick to Light Market Synopsis

Pick to Light Market Size Was Valued at USD 570 Billion in 2023, and is Projected to Reach USD 1217.7 Billion by 2032, Growing at a CAGR of 8.8% From 2024-2032.

The Pick to Light market is a term that addresses a technology that is intended to enhance order picking and order realization in several stock warehouses and distribution centers. This system additionally provides light signals to help operator to choose right place to pick goods, which increase overall picking performance, reduce picking error rate and improve comprehensive picking rate in logistic industry. The use of Visual Cues aspects helps in reducing cases of checking by human eye and therefore bring about efficiency in the order picking and hence in the overall efficiency of operations in the replenishment and inventory handling.

• The Pick to Light market has also evolved greatly in recent years; the primary reason is the increasing interest in automation across the supply chain. This paper aims to assess the extent of investment of retailers and wholesalers in technologically developed counties in improving the supply chain activities as effect of e-commerce unceasing growth. As well as increasing order pick accuracy, the Pick to Light system also decreases on-job training, which makes it a valuable proposition for organizations wishing to cut costs and improve operational speeds. Moreover, factors like growing pressure to manage inventory in real-time and the growth of omnichannel retailing have served to deepen market take-up of these systems.
• Technical factors have also significantly contributed to the growth of the market. By working in coordination with other automation technologies including the AGVs and WMS, Pick to Light systems have been made more efficient in most warehouses. In addition, the fact that data can be gathered from these systems, enable businesses to make proper decisions regarding their inventories and capacity, which would enhance cost reduction and service delivery. Since this led to an improved competitive advantage among the firms, then the Pick to Light market is expected to enjoy further growth as firms endeavour towards improving their efficiency and accuracy in their logistics.

Pick to Light Market Trend Analysis

Growing Adoption of Automation in Warehousing

• The Pick to Light market has observed one main driver and that is automation in material handling and storage systems.. With most organizations being under pressure to promptly and efficiently meet orders, the automation technologies such as the Pick to Light are being adopted in organizations. This trend is especially prominent in industries like electronic commerce, sale of consumer goods, and production industries, respectively, due to the high degree of sensitivity to the order turnaround time and inventory holding costs.  Automations of activities help increase organizational capacity besides reducing the cost of labor and probabilities of error, which consequently results in increased order accuracy. In addition, IoT integration and data analysis, being the core enablers of Pick to Light solutions, are enabling the advancement of the next generation of systems, which offer real-time tracking of warehouse operations. Over the years, there has been a growing appreciation of the utility of these systems by commercial ventures, culminating in the integration of such systems across the spectrum of economic sectors.

Expansion in Emerging Markets

• High opportunities in pick to light market are also attributed to the fact that they can significantly flourish in the developing markets.. The rapid industrialization and urbanization that is being experienced in many developing economies has created the need for proper supply chain solutions. Asia pacific countries, countries in Latin America and some other regions of Africa are having increasing trends of conducting business over the internet and hence the demand for services in logistics is on the rise. Such tendencies in the development of logistics centres are stimulating investments into the construction of new elite warehouses and introduction of new automation tools, including Pick to Light systems. This is an opportunity for the companies that believe in it to form JVs with logistics companies in these markets and develop solutions that are fit to meet the market needs. Also, given that international trade is on the increase, there is considerable potential to establish the Pick to Light as a critical order fulfillment need in these emerging markets.

Pick to Light Market Segment Analysis:

Pick to Light Market Segmented on the basis of Operation, Method and Power Source.

By Operation, Putting segment is expected to dominate the market during the forecast period

• Among the market divisions in Pick to Light, the “Putting” segment is to remain the most influential during the forecast period owing to its critical role in improving picking performances in WMS and DCS.. In this operational mode, the items that are required are placed into the appropriate storage locations using light signals as a guide to directive the operation. Since organisations are striving for efficient inventory control and minimising choices for picking errors, the putting segment makes it a popular choice. By enabling supervisors to rapidly navigate operators to the appropriate locations, both the picking rate and the efficiency of reducing stock variances are also increased.  Also, boosting by the increase of e-shopping along with the necessity in checking the inventory continuously the Putting segment stirs up. The importance of the picking operation performance means that when companies apply the latest technology to optimize its operations, it will increase overall efficiency and adaptability to market requirements and thus, establish the Putting segment as the market leader during the forecast period.

By Method, Auto Guided segment expected to held the largest share

• The Auto Guided segment is expected to command the largest share of the Pick to Light market through 2027 due the efficiency of the segment in terms of streamlining and automation of orders picking and order fulfillment. The integration implements AGVs together with Pick to Light systems to improve its functionality in warehouses and distribution centers. When employing the use of AGVs to transport loads to pick-up points within a business area, a lot of stress is off the employees, there will be less chances of making mistakes and lastly there will be efficient flow of orders. The growing requirement for sophisticated and fully automated logistics solutions due to the boom in the online business and customer demand for faster deliveries have also contributed to its continual adoption of Auto Guided solutions.
• Besides, betterment of the robotic structures and navigation techniques have increased the usability and benefits of AGVs which make it increasingly popular amongst many companies to increase their processes efficiency. Unpackaged markets: Auto-Guided They remain ready to grow, grasp the high ground and constitute the biggest of all the segmentations in the market set for high growth in the future years as organisations keep looking for automation and newer ways to compress the existing processes.

Pick to Light Market Regional Insights:

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

• In 2023, the geographical segment to provide the maximum cumulative revenue to the global Pick to Light market will belong to North America and is estimated to be around 40% of the international Pick to Light market. This dominance can be explained based on several factors; prime among them being the strong presence of e-commerce firms as well as the hi-tech manufacturing plants. The United States is especially large in the logistics and supply chain industry and many companies are now integrating the use of automation into their field. Besides, other factors which support North America’s position in the market include introducing key technology providers and the focus on innovative proposals for the improvement of warehouses to became even more automated. Since this type of system improves efficiency and accuracy in operations, its use is expected to increase in this region therefore subsequently fuelling further investment and development of Pick to Light systems.

Active Key Players in the Pick to Light Market

• Bastian Solutions (USA)
• Cognex Corporation (USA)
• Daifuku Co., Ltd. (Japan)
• Dematic Corp. (USA)
• Honeywell International Inc. (USA)
• Interroll Holding AG (Switzerland)
• Jungheinrich AG (Germany)
• Kardex AG (Switzerland)
• Kiva Systems (Amazon Robotics) (USA)
• MHI Corp. (Japan)
• Murata Machinery, Ltd. (Japan)
• SICK AG (Germany)
• Siemens AG (Germany)
• Swisslog Holding AG (Switzerland)
• Vanderlande Industries (Netherlands)
• Other key Players

Chapter 1: Introduction
 1.1 Scope and Coverage

Chapter 2:Executive Summary

Chapter 3: Market Landscape
 3.1 Market Dynamics
  3.1.1 Drivers
  3.1.2 Restraints
  3.1.3 Opportunities
  3.1.4 Challenges
 3.2 Market Trend Analysis
 3.3 PESTLE Analysis
 3.4 Porter's Five Forces Analysis
 3.5 Industry Value Chain Analysis
 3.6 Ecosystem
 3.7 Regulatory Landscape
 3.8 Price Trend Analysis
 3.9 Patent Analysis
 3.10 Technology Evolution
 3.11 Investment Pockets
 3.12 Import-Export Analysis

Chapter 4: Pick to Light Market by Operation
 4.1 Pick to Light Market Snapshot and Growth Engine
 4.2 Pick to Light Market Overview
 4.3 Putting
  4.3.1 Introduction and Market Overview
  4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.3.3 Key Market Trends, Growth Factors and Opportunities
  4.3.4 Putting: Geographic Segmentation Analysis
 4.4 Picking
  4.4.1 Introduction and Market Overview
  4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  4.4.3 Key Market Trends, Growth Factors and Opportunities
  4.4.4 Picking: Geographic Segmentation Analysis

Chapter 5: Pick to Light Market by Method
 5.1 Pick to Light Market Snapshot and Growth Engine
 5.2 Pick to Light Market Overview
 5.3 Auto Guided
  5.3.1 Introduction and Market Overview
  5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.3.3 Key Market Trends, Growth Factors and Opportunities
  5.3.4 Auto Guided: Geographic Segmentation Analysis
 5.4 Manual
  5.4.1 Introduction and Market Overview
  5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  5.4.3 Key Market Trends, Growth Factors and Opportunities
  5.4.4 Manual: Geographic Segmentation Analysis

Chapter 6: Pick to Light Market by Power Source
 6.1 Pick to Light Market Snapshot and Growth Engine
 6.2 Pick to Light Market Overview
 6.3 Wired
  6.3.1 Introduction and Market Overview
  6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.3.3 Key Market Trends, Growth Factors and Opportunities
  6.3.4 Wired: Geographic Segmentation Analysis
 6.4 Wireless
  6.4.1 Introduction and Market Overview
  6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  6.4.3 Key Market Trends, Growth Factors and Opportunities
  6.4.4 Wireless: Geographic Segmentation Analysis

Chapter 7: Pick to Light Market by Industry
 7.1 Pick to Light Market Snapshot and Growth Engine
 7.2 Pick to Light Market Overview
 7.3 Food & Beverages
  7.3.1 Introduction and Market Overview
  7.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.3.3 Key Market Trends, Growth Factors and Opportunities
  7.3.4 Food & Beverages: Geographic Segmentation Analysis
 7.4 Retail & E-Commerce
  7.4.1 Introduction and Market Overview
  7.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.4.3 Key Market Trends, Growth Factors and Opportunities
  7.4.4 Retail & E-Commerce: Geographic Segmentation Analysis
 7.5 Pharma& Cosmetics
  7.5.1 Introduction and Market Overview
  7.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.5.3 Key Market Trends, Growth Factors and Opportunities
  7.5.4 Pharma& Cosmetics: Geographic Segmentation Analysis
 7.6 Assembly & Manufacturing
  7.6.1 Introduction and Market Overview
  7.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
  7.6.3 Key Market Trends, Growth Factors and Opportunities
  7.6.4 Assembly & Manufacturing: Geographic Segmentation Analysis

Chapter 8: Company Profiles and Competitive Analysis
 8.1 Competitive Landscape
  8.1.1 Competitive Benchmarking
  8.1.2 Pick to Light Market Share by Manufacturer (2023)
  8.1.3 Industry BCG Matrix
  8.1.4 Heat Map Analysis
  8.1.5 Mergers and Acquisitions
  
 8.2 BASTIAN SOLUTIONS
  8.2.1 Company Overview
  8.2.2 Key Executives
  8.2.3 Company Snapshot
  8.2.4 Role of the Company in the Market
  8.2.5 Sustainability and Social Responsibility
  8.2.6 Operating Business Segments
  8.2.7 Product Portfolio
  8.2.8 Business Performance
  8.2.9 Key Strategic Moves and Recent Developments
  8.2.10 SWOT Analysis
 8.3 COGNEX CORPORATION
 8.4 DAIFUKU CO.
 8.5 LTD
 8.6 DEMATIC CORP
 8.7 HONEYWELL INTERNATIONAL INC
 8.8 INTERROLL HOLDING AG
 8.9 JUNGHEINRICH AG
 8.10 KARDEX AG
 8.11 KIVA SYSTEMS AMAZON ROBOTICS
 8.12 MHI CORP
 8.13 MURATA MACHINERY
 8.14 LTD
 8.15 SICK AG
 8.16 SIEMENS AG
 8.17 SWISSLOG HOLDING AG
 8.18 VANDERLANDE INDUSTRIES
 8.19 OTHER KEY PLAYERS

Chapter 9: Global Pick to Light Market By Region
 9.1 Overview
 9.2. North America Pick to Light Market
  9.2.1 Key Market Trends, Growth Factors and Opportunities
  9.2.2 Top Key Companies
  9.2.3 Historic and Forecasted Market Size by Segments
  9.2.4 Historic and Forecasted Market Size By Operation
  9.2.4.1 Putting
  9.2.4.2 Picking
  9.2.5 Historic and Forecasted Market Size By Method
  9.2.5.1 Auto Guided
  9.2.5.2 Manual
  9.2.6 Historic and Forecasted Market Size By Power Source
  9.2.6.1 Wired
  9.2.6.2 Wireless
  9.2.7 Historic and Forecasted Market Size By Industry
  9.2.7.1 Food & Beverages
  9.2.7.2 Retail & E-Commerce
  9.2.7.3 Pharma& Cosmetics
  9.2.7.4 Assembly & Manufacturing
  9.2.8 Historic and Forecast Market Size by Country
  9.2.8.1 US
  9.2.8.2 Canada
  9.2.8.3 Mexico
 9.3. Eastern Europe Pick to Light Market
  9.3.1 Key Market Trends, Growth Factors and Opportunities
  9.3.2 Top Key Companies
  9.3.3 Historic and Forecasted Market Size by Segments
  9.3.4 Historic and Forecasted Market Size By Operation
  9.3.4.1 Putting
  9.3.4.2 Picking
  9.3.5 Historic and Forecasted Market Size By Method
  9.3.5.1 Auto Guided
  9.3.5.2 Manual
  9.3.6 Historic and Forecasted Market Size By Power Source
  9.3.6.1 Wired
  9.3.6.2 Wireless
  9.3.7 Historic and Forecasted Market Size By Industry
  9.3.7.1 Food & Beverages
  9.3.7.2 Retail & E-Commerce
  9.3.7.3 Pharma& Cosmetics
  9.3.7.4 Assembly & Manufacturing
  9.3.8 Historic and Forecast Market Size by Country
  9.3.8.1 Bulgaria
  9.3.8.2 The Czech Republic
  9.3.8.3 Hungary
  9.3.8.4 Poland
  9.3.8.5 Romania
  9.3.8.6 Rest of Eastern Europe
 9.4. Western Europe Pick to Light Market
  9.4.1 Key Market Trends, Growth Factors and Opportunities
  9.4.2 Top Key Companies
  9.4.3 Historic and Forecasted Market Size by Segments
  9.4.4 Historic and Forecasted Market Size By Operation
  9.4.4.1 Putting
  9.4.4.2 Picking
  9.4.5 Historic and Forecasted Market Size By Method
  9.4.5.1 Auto Guided
  9.4.5.2 Manual
  9.4.6 Historic and Forecasted Market Size By Power Source
  9.4.6.1 Wired
  9.4.6.2 Wireless
  9.4.7 Historic and Forecasted Market Size By Industry
  9.4.7.1 Food & Beverages
  9.4.7.2 Retail & E-Commerce
  9.4.7.3 Pharma& Cosmetics
  9.4.7.4 Assembly & Manufacturing
  9.4.8 Historic and Forecast Market Size by Country
  9.4.8.1 Germany
  9.4.8.2 UK
  9.4.8.3 France
  9.4.8.4 Netherlands
  9.4.8.5 Italy
  9.4.8.6 Russia
  9.4.8.7 Spain
  9.4.8.8 Rest of Western Europe
 9.5. Asia Pacific Pick to Light Market
  9.5.1 Key Market Trends, Growth Factors and Opportunities
  9.5.2 Top Key Companies
  9.5.3 Historic and Forecasted Market Size by Segments
  9.5.4 Historic and Forecasted Market Size By Operation
  9.5.4.1 Putting
  9.5.4.2 Picking
  9.5.5 Historic and Forecasted Market Size By Method
  9.5.5.1 Auto Guided
  9.5.5.2 Manual
  9.5.6 Historic and Forecasted Market Size By Power Source
  9.5.6.1 Wired
  9.5.6.2 Wireless
  9.5.7 Historic and Forecasted Market Size By Industry
  9.5.7.1 Food & Beverages
  9.5.7.2 Retail & E-Commerce
  9.5.7.3 Pharma& Cosmetics
  9.5.7.4 Assembly & Manufacturing
  9.5.8 Historic and Forecast Market Size by Country
  9.5.8.1 China
  9.5.8.2 India
  9.5.8.3 Japan
  9.5.8.4 South Korea
  9.5.8.5 Malaysia
  9.5.8.6 Thailand
  9.5.8.7 Vietnam
  9.5.8.8 The Philippines
  9.5.8.9 Australia
  9.5.8.10 New Zealand
  9.5.8.11 Rest of APAC
 9.6. Middle East & Africa Pick to Light Market
  9.6.1 Key Market Trends, Growth Factors and Opportunities
  9.6.2 Top Key Companies
  9.6.3 Historic and Forecasted Market Size by Segments
  9.6.4 Historic and Forecasted Market Size By Operation
  9.6.4.1 Putting
  9.6.4.2 Picking
  9.6.5 Historic and Forecasted Market Size By Method
  9.6.5.1 Auto Guided
  9.6.5.2 Manual
  9.6.6 Historic and Forecasted Market Size By Power Source
  9.6.6.1 Wired
  9.6.6.2 Wireless
  9.6.7 Historic and Forecasted Market Size By Industry
  9.6.7.1 Food & Beverages
  9.6.7.2 Retail & E-Commerce
  9.6.7.3 Pharma& Cosmetics
  9.6.7.4 Assembly & Manufacturing
  9.6.8 Historic and Forecast Market Size by Country
  9.6.8.1 Turkey
  9.6.8.2 Bahrain
  9.6.8.3 Kuwait
  9.6.8.4 Saudi Arabia
  9.6.8.5 Qatar
  9.6.8.6 UAE
  9.6.8.7 Israel
  9.6.8.8 South Africa
 9.7. South America Pick to Light Market
  9.7.1 Key Market Trends, Growth Factors and Opportunities
  9.7.2 Top Key Companies
  9.7.3 Historic and Forecasted Market Size by Segments
  9.7.4 Historic and Forecasted Market Size By Operation
  9.7.4.1 Putting
  9.7.4.2 Picking
  9.7.5 Historic and Forecasted Market Size By Method
  9.7.5.1 Auto Guided
  9.7.5.2 Manual
  9.7.6 Historic and Forecasted Market Size By Power Source
  9.7.6.1 Wired
  9.7.6.2 Wireless
  9.7.7 Historic and Forecasted Market Size By Industry
  9.7.7.1 Food & Beverages
  9.7.7.2 Retail & E-Commerce
  9.7.7.3 Pharma& Cosmetics
  9.7.7.4 Assembly & Manufacturing
  9.7.8 Historic and Forecast Market Size by Country
  9.7.8.1 Brazil
  9.7.8.2 Argentina
  9.7.8.3 Rest of SA

Chapter 10 Analyst Viewpoint and Conclusion
10.1 Recommendations and Concluding Analysis
10.2 Potential Market Strategies

Chapter 11 Research Methodology
11.1 Research Process
11.2 Primary Research
11.3 Secondary Research