- The key vendors in the global industrial automatic data capturing and identification systems market 2015-2019 are SICK, Keyence, Omron, Cognex, Datalogic, Banner, IPG Photonics, ifm, and Leuze
London, 14 October 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the global industrial automatic data capturing and identification systems market 2015-2019. The industrial ADC and identification systems market is highly fragmented, leading to intense competition. The market vendors are adopting M&A strategies to expand their market share and increase their product portfolio. The global industrial ADC and identification systems market is expected to grow at a CAGR of 5.69% during the period of 2015-2019.
The market is growing moderately due to the increased application of industrial ADC equipment in manufacturing, transportation, and logistics industries. Barcode scanning and machine vision products are increasingly used in manufacturing plants and warehouses for efficient inventory management and theft protection.
“Camera-based scanners are smart devices used for capturing images for analysis, ensuring quality, and monitoring real-time operations,” says Faisal Ghaus, Vice President of Technavio Research.
“Camera-based imagers can read damaged barcodes, which are otherwise difficult to identify by other scanners. Heavy machinery and parts and components manufacturing industries have started adopting these imagers to read the embossed part numbers on machines and components automatically.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
If you are interested in more information on this topic and our upcoming research on the Global Industrial Automatic Data Capturing and Identification Systems Market 2015-2019, please send an e-mail to media@TechNavio.com
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