The Barcode Scanner Market is being driven by Rising adoption of wearable barcode scanners in manufacturing industry
The Barcode Scanner Market is expected to grow at a CAGR of 9% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 4919.6 million. The global barcode scanner market is experiencing significant growth due to the rising adoption of advanced 2D barcode technologies, particularly QR codes, Data Matrix, and PDF417. These 2D barcodes are increasingly being utilized in industries such as retail, healthcare, transportation, and logistics. Among these, QR codes are the most widely adopted, enabling contactless scanning using mobile devices like smartphones and tablets. PDF417, with its unique four-bar pattern, is primarily employed for inventory management in retail, healthcare, and transportation sectors. This 17-unit long 2D barcode offers enhanced data capacity and security, making it an essential tool for efficient and accurate tracking and management of goods and assets.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
219 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 9% |
Market growth 2025-2029 |
USD 4919.6 million |
Market structure |
fragmentation |
YoY growth 2024-2025(%) |
8.0 |
Key countries |
US, China, Germany, Canada, Japan, UK, Brazil, India, France, and South Korea |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Barcode Scanner Market encompasses various components and services including scanner accessories, barcode labels, stands, and mounts. Additionally, it covers software updates, maintenance, calibration, troubleshooting, training, support, warranty, customization, integration services, consulting, and forums dedicated to barcode scanning.
The Barcode Scanner Market is a segment of Technavio's global Technology Hardware, Storage, and Peripherals Market, which encompasses manufacturers of various hardware devices and components within the Information Technology sector. This market includes sales of cellular phones, personal computers, servers, electronic components, peripherals, data storage components, motherboards, audio-video cards, monitors, keyboards, printers, and barcode scanners such as handheld, fixed mount, wireless, 1D, and 2D models. The Technology Hardware, Storage, and Peripherals Market size is determined by the revenue generated from the sales of these hardware devices and components. Market growth will be fueled by the increasing demand for data storage solutions due to the escalating volume, velocity, veracity, and variety (4Vs) of data, particularly in data centers. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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