This industry research report presents a detailed analysis of the key factors that influence market growth. It also segments the market by technology (laser scanners, 2D imagers, and linear imagers) and by geography (the Americas, APAC, and EMEA). The prominent vendors analyzed in this market study are Datalogic, Honeywell International (Honeywell Scanning & Mobility), and Zebra Technologies.
Technavio’s market research analysts estimate the global industrial barcode scanner market to grow at a CAGR of almost 10% between 2016 and 2020. The increased adoption of 2D barcode scanners is the primary growth driver for the market. At present, the Americas dominate the global industrial barcode scanner market by accounting for almost 44% of the overall market share. The contribution of the Americas to the global industrial barcode scanner market is the highest because the region is the first adopter of ADC devices. The increasing demand for factory automation is expected to have a positive impact on the industrial barcode scanner market in this region over the next four years.
The new market research report from Technavio presents a breakdown and analysis of the industrial barcode scanner segments by technology.
“Vendors are witnessing the high growth potential of industrial barcode scanner market. Industrial barcode scanner vendors are expected to focus more on untapped market owing to the growing economy and the increase in industrial growth in emerging markets during the forecast period. This attempt by vendors to expand their reach and capture market share in developing countries is expected to boost the growth of the market over the next four years,” says Sunil Kumar Singh, Lead Analyst, Hardware & Semiconductor, Technavio Research.
The 2D imager segment dominated the global industrial barcode scanner market in 2015 by accounting for over 47% of the overall market share. The ability of these imagers to read both 2D images, including QR codes and Data Matrix, and 1D barcodes is responsible for the flourishing of the 2D imager segment. The projected increase in the use of 2D images is expected to have a positive impact on the market by 2020.
The key vendors in the global industrial barcode scanner market include Datalogic, Honeywell International (Honeywell Scanning & Mobility), and Zebra Technologies. Owing to the presence of numerous large and small vendors, the global market for industrial barcode scanners is highly fragmented. Intense competition among vendors coupled with rapid changes in technology constitutes significant risk factors for vendor operations. In addition, the recent increase in the level of competition has led to industry consolidation, wherein smaller entities are being acquired by, or are being merged with, major players.
A more detailed analysis is available on the Technavio report, Global Industrial Barcode Scanner Market 2016-2020.
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