Despite demanding situations posed through COVID-19 outbreak, the barcode scanner call for expanded with a rapid shift from handheld laser scanning to imaging answers. North the united states will stay as a main market, accounting for over 30% cost share in 2021. Barcode scanner demand outlook for North the usa is predicted to stay positive with the healthcare zone touted as main contributor.
The market is expected to grow at a CAGR of over 7.6% between 2021 and 2031. Increase in healthcare sector is expected to increase the demand for barcode scanners over the assessment period.
Despite challenges posed by COVID-19 outbreak, the barcode scanner demand increased with a rapid shift from handheld laser scanning to imaging solutions.
The worldwide barcode scanner marketplace is envisioned to develop at a healthy pace among 2021 and 2031 as in opposition to five% CAGR registered in 2016 – 2020. The market is expected to check in increase at a robust tempo on the back of healthful demand from retail, e-trade and logistics, and production centers.
The demand for barcode scanners will accelerate with top five vendors retaining nearly 30% of barcode scanner market in 2021.
With the digitalization of public distribution gadget and growth in the wide variety of e-retailers, the marketplace gamers have enough scope for growth. Barcode scanners are being broadly adopted across various industries because of their blessings along with decreased downtime, prevention of incorrect deliveries and sturdy manage on monitoring assets and fine records.
Competitive Analysis:
Market players are targeting APEJ as their key sales region. Zebra Technologies Corporation, Honeywell International Inc., DataLogics S.P.A, Cognex Corporation, OCOM Technologies, Wasp Barcode Technologies, JC Square Inc., SATO Holdings Corporation, Scandit AG and Toshiba TEC Corporation are some of leading companies profiled in the FMI report.
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