Overview and Scope
Automatic identification and data capture refer to a technologically advanced method that instantly recognizes the items, gathers the pertinent information, and then stores and inputs the information into computer systems.
Sizing and Forecast
The automatic identification and data capture market size has grown rapidly in recent years. It will grow from $58.88 billion in 2023 to $67.38 billion in 2024 at a compound annual growth rate (CAGR) of 14.4%. The growth in the historic period can be attributed to manufacturing process automation, retail industry transformation, healthcare patient safety, advancements in mobile computing, increased focus on data accuracy, asset tracking and management, cost reduction in data entry..
The automatic identification and data capture market size is expected to see rapid growth in the next few years. It will grow to $119.33 billion in 2028 at a compound annual growth rate (CAGR) of 15.4%. The growth in the forecast period can be attributed to rapid growth of online retail, globalization and cross-border trade, smart cities and public services, growing adoption of voice recognition, industry 4.0 and smart manufacturing, healthcare patient data management.. Major trends in the forecast period include rfid technology, mobile aidc solutions, advancements in ocr technology, blockchain for data security, contactless and hands-free solutions, cross-industry collaboration, iot integration..
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Segmentation & Regional Insights
The automatic identification and data capture market covered in this report is segmented –
1) By Offering: Hardware, Solutions, Services
2) By Product: Scanner And Readers, Biometric Scanners, Printer And Recorders, Other Products:
3) By Technology: Biometrics, Radio Frequency Identification (RFID), Smart Cards, Optical Character Recognition (OCR), Other Technologies
4) By Industry Vertical: BFSI, Manufacturing, Retail, Transportation And Logistics, Hospitality, Healthcare, Government, Other Industries
Top Major Players
Honeywell International Inc.
Zebra Technologies Corporation
Datalogic SpA
Cognex Corporation
Sick AG
Asia-Pacific was the largest region in the automatic identification and data capture market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global automatic identification and data capture market share during the forecast period. The regions covered in the automatic identification and data capture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rise in the utilization of smartphones for image recognition is expected to propel the growth of the automatic identification and data capture market. Smartphones are equipped with technologies that identify anything valuable to customers and businesses, including people, buildings, locations, logos, and other items. The utilization of smartphones for image recognition can enhance automatic identification for improved data security and data collection and analysis. For instance, according to a report published by The GSM Association, a UK-based trade association that advocates for mobile network operators globally, mobile service subscribers rose to 5.5 billion in 2022. That percentage is anticipated to reach 70% by 2025. Thus, the rise in the utilization of smartphones for image recognition will drive the automatic identification and data capture market.
Key Industry Players
Major companies operating in the automatic identification and data capture market report are Honeywell International Inc., Zebra Technologies Corporation, Datalogic SpA, Cognex Corporation, Sick AG, Panasonic Holdings Corporation, TSC Auto ID Technology Co. Ltd., Alien Technology Corporation, Bluebird Inc., CardLogix Corporation, Impinj Inc., Opticon Sensors Europe BV, Avery Dennison Corporation, Newland EMEA, Seagull Scientific Inc., Brady Corporation, Axicon Auto ID Limited, OMRON Corporation, Unitech Electronics Co. Ltd., NXP Semiconductors N.V., Synaptics Incorporated, Thales Group, Toshiba Corporation, NEC Corporation, B.O.S. Better Online Solutions LTD., Barco NV, Casio Computer Co.Ltd., CipherLab Co.Ltd., Denso Wave Incorporated, Epson America Inc., Fujitsu Limited
The automatic identification and data capture market report table of contents includes:
1. Executive Summary
2. Automatic Identification And Data Capture Market Characteristics
3. Automatic Identification And Data Capture Market Trends And Strategies
4. Automatic Identification And Data Capture Market - Macro Economic Scenario
5. Global Automatic Identification And Data Capture Market Size and Growth
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31. Global Automatic Identification And Data Capture Market Competitive Benchmarking
32. Global Automatic Identification And Data Capture Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Automatic Identification And Data Capture Market
34. Automatic Identification And Data Capture Market Future Outlook and Potential Analysis
35. Appendix
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The Automatic Identification and Data Capture Market is expected to grow from USD 40.31 Billion in 2018 to USD 72.00 Billion by 2023, at a CAGR of 12.30% between 2018 and 2023.The growth of the automatic identification and data capture market is propelled by the growing e-commerce industry, increasing use of Smartphone’s for QR code scanning and image recognition, and rising adoption of automatic identification and data capture solutions by financial institutions.
Factors such as rising government regulations and growth opportunities from supply chain management and healthcare industries are expected to support the growth of the automatic identification and data capture market.Ask for Free PDF Brochure:https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=194254012Hardware is expected to hold the largest share of the automatic identification and data capture market between 2018 and 2023.Among all offerings, hardware held the largest share of the automatic identification and data capture market in 2017.
The high requirement for hardware components in several automatic identification and data capture products such as barcodes, magnetic stripe cards, smart cards, optical character recognition (OCR) systems, RFID tags, printers and readers, and biometric systems has contributed to the leading position of the hardware segment in terms of market size.Manufacturing is expected to hold the largest share of the automatic identification and data capture market between 2018 and 2023.Among all verticals, manufacturing held the largest share of the automatic identification and data capture market in 2017.
The leading position of the manufacturing vertical, in terms of market size, can be attributed to benefits offered by automatic identification and data capture solutions such as enhanced efficiency and reduced operational costs, which enables the sector to effectively handle the increasing number of goods flowing through the supply chain process.Market for biometric systems is expected to register the highest CAGR during the forecast period.Among all product categories of automatic identification and data capture solutions, the market for biometric systems is expected to grow at the highest CAGR between 2018 and 2023.
The ability to automatically identify a person based on physiological characteristics is the major factor driving the growth of the market for biometric systems.Request More Details on:https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=194254012APAC is expected to hold the largest share of the automatic identification and data capture market between 2018 and 2023.Among all regions, APAC held the largest share of the automatic identification and data capture market in 2017.
The leading position of APAC can be attributed to the rapid expansion of retail and logistics companies supported by the presence of several automatic identification and data capture players in the region.Major players in the automatic identification and data capture market are Datalogic (Italy), Honeywell (US), Zebra Technologies (US), SICK AG (Germany), Cognex (US), Toshiba (Japan), NEC (Japan), NXP (Netherlands), Synaptics (US), and SATO (Japan).
In this report, our team offers a comprehensive analysis of Healthcare Automatic Identification & Data Capture (AIDC) market, SWOT analysis of the most prominent players in this landscape.
Along with an industrial chain, market statistics in terms of revenue, sales, price, capacity, regional market analysis, segment-wise data, and market forecast information are offered in the full study, etc.
Download Free Sample Report @ https://www.radiantinsights.com/research/global-healthcare-automatic-identification-and-data-capture-aidc-market-2020-2026/request-sample This report focuses on top manufacturers in global market, Involved the assessment of Sales, price, revenue and market share for each manufacturer, covering• Axicon Auto ID• Bluebird• Code• Cognex• Datalogic• Godex• Honeywell• Impinj• Jadak• Microscan System• Opticon• Sato Worldwide• Toshiba Tec• Unitech Electronics• Zebra Technologies On the basis of product, this report displays the Sales, revenue, price, market share and growth rate of each type, primarily split into• Hardware• Software and Services By Application, this report focuses on Sales, Market share and Growth Rate of each application, can be divided into• Clinical and hospital• Laboratory By Regions, this report splits global market into several key regions, with Sales, Revenue, Price and Gross Margin market share of top players in these regions, from 2014 to 2026 (forecast), like• China• USA• Europe• Japan• Korea• India• Southeast Asia• South America Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/global-healthcare-automatic-identification-and-data-capture-aidc-market-2020-2026 Table of Contents Global Healthcare Automatic Identification & Data Capture (AIDC) Market Professional Survey Report 20191 Report Overview1.1 Definition and Specification1.2 Manufacturers and Region Overview1.2.1 Manufacturers Overview1.2.2 Regions Overview1.3 Type Overview1.3.1 Hardware1.3.2 Software and Services1.4 Application Overview1.4.1 Clinical and hospital1.4.2 Laboratory1.5 Industrial Chain1.5.1 Healthcare Automatic Identification & Data Capture (AIDC) Industrial Chain1.5.2 Upstream1.5.3 Downstream 2.1 The Overall Market Performance(Volume)2.1.1 Hardware2.1.2 Software and Services2.2 The Overall Market Performance(Value)2.2.1 Hardware2.2.2 Software and Services 3 Global Healthcare Automatic Identification & Data Capture (AIDC) Market Assessment by Application3.1 Overall Market Performance (Volume)3.2 Clinical and hospital3.3 Laboratory Continued… Read all Reports of this category @ https://www.radiantinsights.com/catalog/pharmaceuticals-and-healthcare About Radiant InsightsRadiant Insights is a platform for companies looking to meet their market research and business intelligence requirements.
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