Global Barcode (QR codes) Scanner Market Driven by Growing Product Adoption by Retailers

Global barcode (QR codes) scanner market driven by growing product adoption by retailers

The global barcode scanner market is driven by growing product adoption by retailers and increasing applications in the healthcare sector.

SHERIDAN, WYOMING, United States, Dec. 4, 2022 /EINPresswire.com/ – IMARC Group recently released a new research study titled “Barcode Scanner Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2022-2027 ”, provides a detailed analysis of the market drivers, segmentation, growth opportunities, trends and competitive landscape to understand the current and future market scenario.

What are the growth prospects of the barcode scanner industry?

The global barcode scanner market size will reach US$ 6 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$ 9.2 billion by 2027, with a growth rate (CAGR) of 7.4% during 2022-2027.

What is a barcode scanner?

A barcode scanner is a handheld and stationary input device used to capture and read information from a barcode. It consists of a light source, a lens and a light sensor that converts optical impulses into electrical ones. It detects the reflected light from dark bars and white spaces of the Universal Product Code (UPC) and the decoder converts it into data and sends it to the computer. It helps maintain tight and precise control over inventory, provides a real-time view of stored products, and eliminates human error.

Besides, it helps in effective business operations by enabling high accuracy and better decision making. In addition, its accuracy remains the same, regardless of the material on which they are scanned, and does not require special training to learn because of its standardized process. As a result, the barcode scanner is gaining immense traction in the trade and commercial sectors worldwide and finds extensive applications in many industries, such as general manufacturing, healthcare, logistics and warehousing, commercial aviation, and defense. Currently, camera-based, charge-coupled device readers, lasers, omnidirectional barcodes, pen-type readers, radio frequency identification (RFID), and smartphone-based scanners are available worldwide.

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Impact of COVID-19:

We regularly track the direct effect of COVID-19 on the market, along with the indirect impact of associated industries. These observations are incorporated into the report.

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What are the major market drivers in the Barcode Scanner market?

Rapid urbanization and the introduction of technologies to scan and analyze inventory data in the retail and warehouse areas represent one of the key factors positively influencing the market. In addition, a significant surge in online and offline distribution channels worldwide is boosting the market growth. For example, a barcode scanner significantly reduces human error when typing product names and numbers. It also allows more accurate reading of data and information, such as product number, manufacturing date, date of supply and sale price, which are printed on the packaging of the product in the form of a barcode. This, in turn, catalyzes the demand for barcode scanners.

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In addition, the widespread integration of barcode scanners in the healthcare sector to ensure the right treatment for the right patient, safety and reduced errors is boosting the growth of the market. In line with this, barcode technology streamlines the patient entry process, track medication and care entry, and identify the patient throughout their stay. Moreover, the easy availability of barcode scanners and online and offline distribution channels, coupled with doorstep delivery and secured payment gateways, is driving the market growth. In addition, increasing investment in research and development (R&D) activities for the integration of the latest technologies in barcode scanners are driving the market.

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List of the most important key players:

The major players in the market are Bluebird Inc., Cognex Corporation, Datalogic SpA (Hydra SpA), Denso Wave Incorporated, Honeywell International Inc., JC Square Inc. (GMO Hosting & Security Inc.), SATO Holdings Corporation, Scandit AG, Toshiba TEC Corporation, Zebra Technologies Corporation, etc.

Report segmentation:

The report has segmented the market into the following categories:

Product breakdown:

Handheld barcode scanner
Stationary barcode scanner

Separation by type:

Wired barcode scanner
Wireless barcode scanner

Separation by scanner type:

Robust barcode scanner
Non-Rugged Barcode Scanner

Breakup through technology:

Camera based reader
Charge coupled device reader
Laser scanner
Omni Directional Barcode Scanner
Pen type reader
RFID reader
Smart phone based scanner
Others

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Separation by component:

Solutions
Services

Breakdown of the end-use sector:

Retail and Commercial
General manufacturing
health care
Logistics and warehousing
Commercial Aviation
Defense
Others

By geography:

• North America (USA, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)

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Elena Anderson
IMARC Services Private Limited
+1 631-791-1145
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