Latest News- Industrial Barcode Scanner Market: Manufacturing is expected to lead the Application segment during 2024-2028

The Industrial Barcode Scanner Market is being driven by Evolution of Industry 4.0

The Industrial Barcode Scanner Market is expected to grow at a CAGR of 10.68% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 2611.7 million. The industrial barcode scanner market is witnessing a significant shift towards advanced wearable devices that offer barcode scanning capabilities. This trend is expected to gain momentum during the forecast period as manufacturers seek to enhance operational efficiency and minimize human errors. Notable companies, such as DHL, have already adopted smart glasses, which now come equipped with barcode and QR code scanning functionalities. For instance, Vuzix M100 smart glasses can scan these codes, offering a more hands-free and streamlined solution. However, ensuring an optimal scanning distance between the camera and the barcode remains a challenge that must be addressed for seamless integration in industrial settings. 

Get more information on Industrial Barcode Scanner Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Application
  • Manufacturing
  • Transportation and logistics
  • Retail
  • Food and beverages
  • Others
• Product
  • Mobile computers
  • Handheld scanners
  • Ring scanners
• Geography
  • North America
    • US
    • Canada
  • APAC
    • China
    • Japan
  • Europe
    • Germany
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Evolution of Industry 4.0
• Rise in adoption of wearable barcode scanners in the manufacturing industry
• Increased deployment of mobile workforce

However, the market also witnesses some limitations, which are as follows:

• High purchasing cost of industrial barcode scanners
• High threat from industrial RFID scanners
• Capital-intensive nature of manufacturing 2D barcode scanners

Benefits of Buying Global Industrial Barcode Scanner Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Industrial Barcode Scanner Market Research Report

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The Industrial Barcode Scanner Market is experiencing significant growth due to the numerous benefits it offers in various industries, particularly in merchandising, warehousing, and logistics. Barcode technology enables quick and accurate identification and tracking of assets, parts, and goods in industrial settings. The technological advantages of industrial barcode scanners include robust design, high-density scanning, and the ability to read damaged or dirty barcodes. The growth potential of the industrial barcode scanner market is immense, with the increasing digitization of industries, including e-retailers, courier services, and retail outlets. Industrial barcode scanning equipment, such as industrial cameras and barcode readers, are essential for automation in industrial usage. The printing of barcodes is a crucial aspect of this market, ensuring efficient data capture procedures and enabling seamless tracking and supply. The warehousing sector, in particular, stands to gain significantly from the implementation of industrial barcode scanning technology. Overall, the industrial barcode scanner market offers a promising future for businesses seeking to streamline their operations and enhance their productivity.

Market Research Overview

Technavio positions the industrial barcode scanner market as a segment of the expansive global technology hardware, storage, and peripherals market, which falls under the broader umbrella of the global information technology market. This market encompasses manufacturers of various technology hardware and peripherals, including cellular phones, personal computers, servers, electronic computer components, and peripherals, as well as data storage components, motherboards, audio and video cards, monitors, keyboards, printers, and other related equipment. The market size is determined by the revenue generated from the sales of these hardware devices and components. Key growth drivers for the global technology hardware, storage, and peripherals market include the burgeoning demand for data centers, fueled by the increased need for work-from-home technologies due to the COVID-19 pandemic.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/