Wearable scanner: Key market research findings
- High demand for 2D wearable scanners
- Rising adoption of wearable scanners across industries
Technavio has released a new market research report on the global wearable scanner market, which is expected to grow at a CAGR of 4% between 2016 and 2020. Recent advances in barcode scanning technology have boosted the durability and efficiency of wearable scanners. Their lower energy consumption, compact size, and cost-saving features are propelling the use of these scanners across several industries. The Americas dominate the wearable scanner market, accounting for 43% of the overall market. Much of this region’s growth comes from the introduction of barcode scanners in the warehousing and storage as well as hospitality and entertainment industries.
The new industry research report from Technavio discusses in detail the key drivers and trends responsible for the growth of this market and its sub-segments.
“Of late, the market is witnessing huge demand for 2D wearable scanners, owing to increased use of 2D barcodes on products or tags. 2D wearable scanners are used to scan 2D barcodes such as QR, Data Matrix, and PDF417.They function as a camera and lack moving parts, making them more reliable and less prone to failure. Moreover, they are capable of scanning both 1D and 2D barcodes from any angle,” says Sunil Singh, Lead Analyst, Hardware & Semiconductor, Technavio Research.
Wearable scanners are being widely adopted in different industries such as healthcare, transportation and logistics, manufacturing, hospitality and entertainment, retail, and service, for quick and accurate data capture and entry services. Wearable scanners have facilitated barcode reading among users. They are portable, and can be easily used to scan barcodes attached to bulky objects.
The leading vendors in the global wearable scanner market are Honeywell, Generalscan, Invata, and Zebra Technologies. The market is fragmented with the presence of numerous small and large vendors. The market is also witnessing the huge influx of private labels, while the existing vendors are indulging in consolidation strategies. Vendors are adapting to technological changes to gain a competitive advantage in the market.
A more detailed analysis is available in the Technavio report, Global Wearable Scanner Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
