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The industrial barcode scanner market size is forecast to increase by USD 2.61 billion at a CAGR of 10.68% between 2023 and 2028. The market is experiencing significant growth due to the evolution of Industry 4.0, which increases automation and data-driven operations in manufacturing processes. Another trend is the use of smart wearable devices with capabilities of a barcode scanner capabilities, enabling hands-free scanning and increasing productivity. However, the high purchasing cost of industrial barcode scanners remains a challenge for small and medium-sized enterprises, limiting their adoption. Industrial barcode scanners offer benefits such as improved accuracy, enhanced data collection, and streamlined operations, making them essential tools for modern manufacturing environments. The market is expected to continue growing as industries embrace digitalization and automation.
The industrial barcode scanning market is witnessing significant growth due to the increasing automation in various industries, including , e-commerce retail outlets, courier services, and e-retailers. The digitization of business processes and the need for efficient data capture procedures in industrial settings have led to the widespread adoption of barcode scanning equipment. Barcode technology offers numerous benefits, such as identification, tracking, and efficient management of goods, parts, and assets. Industrial barcode scanners are designed to withstand harsh industrial environments, ensuring robustness and reliability. The smart warehousing sector is a major contributor to the market's growth potential due to the large-scale handling of goods and the need for accurate tracking and supply chain management.
The technological advantages of barcode scanning, including the ability to read barcodes printed on various surfaces and the integration with industrial cameras, further enhance its appeal. The benefits of barcode scanning extend to merchants, who can streamline their operations and improve customer satisfaction by reducing wait times at checkout counters. The future of the industrial barcode scanning market looks promising, with continued growth expected as more industries embrace automation and digitalization.
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD billion" for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
The manufacturing segment is estimated to witness significant growth during the forecast period. Barcode scanners are indispensable tools in various industries, including manufacturing, logistics, healthcare, retail, and warehousing. These scanners come in two main types: portable, handheld, and fixed-mount, mounted scanners. Handheld scanners offer the flexibility to scan barcodes on the go, making them ideal for inventory management in industrial processes. Real-time insight into inventory levels, component locations, and production progress is crucial for industrial businesses to maintain efficiency and productivity. Barcode scanning technology, including 2D imaging and Machine Learning (ML), ensures high scanning accuracy, even with damaged or poorly printed barcodes. Wireless connectivity and smart barcode scanners enable real-time data processing and collection accuracy.
Hybrid scanners combine image recognition capabilities with traditional barcode scanning, enhancing asset tracking and data collection in industries like public distribution systems. The benefits of barcode scanning extend to industries like manufacturing, where it aids in quality control and error reduction. By scanning barcodes on raw materials and finished products, manufacturers can ensure accurate inventory control, account keeping, and tracking and supply. In the retail sector, barcode scanning facilitates faster checkout processes and accurate inventory management. The growth potential in the barcode scanner market is significant due to the technological advantages, including improved scanning accuracy, wireless connectivity, and image recognition.
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The manufacturing segment accounted for USD 935.30 million in 2018 and showed a gradual increase during the forecast period.
APAC is estimated to contribute 28% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
The Barcode Scanner Market encompasses portable and fixed-mount solutions, including handheld scanners, which offer industrial businesses real-time insight into their operations. These scanners play a pivotal role in industrial processes such as inventory management, manufacturing, logistics, healthcare, and the Public Distribution System. Portable handheld barcode scanners provide efficiency and productivity, reducing errors in data collection and improving scanning accuracy through advanced 2D imaging technology and machine learning (ML) capabilities. Smart barcode scanners offer wireless connectivity, enabling real-time data processing and wireless image recognition. Hybrid scanners cater to various industries, offering both handheld and fixed-mount options for tracking and supply chain management.
The benefits of barcode technology extend to account keeping, inventory control, and asset tracking. The retail and warehousing sectors have significant growth potential, with the market snapshot showcasing technological advantages like data collection accuracy and real-time data processing. The commerce printing of barcodes ensures seamless integration, making barcode readers an essential tool for merchants and businesses seeking to streamline their operations.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
Evolution of Industry 4.0 is the key driver of the market. The global market is witnessing significant growth due to the ongoing Industrial Revolution 4.0. Industrial barcode scanners play a crucial role in enhancing worker productivity and efficiency in various industries. The Industrial Revolution 4.0, also known as the fourth industrial revolution, is characterized by data exchange, automation, cloud, cyber-physical systems, robots, big data, artificial intelligence (AI), and (semi-) autonomous techniques. Two primary types of industrial barcode scanners are Stationary and Portable. Stationary barcode scanners include Wired Barcode Scanners and Laser Scanners, while Portable barcode scanners consist of Wireless Barcode Scanners, Rugged Barcode Scanners, and Camera-based Readers. Wired barcode scanners are suitable for fixed locations, while wireless barcode scanners offer mobility and flexibility.
Rugged barcode scanners are designed for harsh environments, while non-rugged barcode scanners are suitable for less demanding applications. Camera-based readers use CCD-based or CMOS sensors, while Laser-based scanners use laser technology for reading barcodes. Omni-directional barcode scanners can read barcodes from any direction, while Pen-type readers are handheld and pen-shaped. RFID readers use radio frequencies to read data, and services are essential for maintaining and upgrading these systems. Industries such as Retail and Commercial, Logistics and Warehousing, Commercial Aviation, Defense, and others are major consumers of industrial barcode scanners. These industries require efficient and accurate data management and automation systems, which industrial barcode scanners provide. The increasing adoption of these technologies in various industries is expected to drive the growth of the market.
Use of wearables with the same functionalities as traditional barcode scanners is the upcoming trend in the market. The market is witnessing significant growth due to the increasing adoption of advanced scanning technologies in various industries. Two primary types of barcode scanners are Stationary Barcode Scanners and Handheld Barcode Scanners. Stationary Barcode Scanners include Wired Barcode Scanners and Laser Scanners, which are typically used in retail and commercial applications. On the other hand, Handheld Barcode Scanners consist of Rugged Barcode Scanners, Non-Rugged Barcode Scanners, Camera-Based Readers, and Pen-Type Readers. These scanners are widely used in logistics and warehousing, commercial aviation, defense, and retail and commerce sectors. Advancements in technology have led to the emergence of new types of barcode scanners, such as RFID Readers and Omni-Directional Barcode Scanners.
RFID Readers use radio waves to read data from RFID tags, while Omni-Directional Barcode Scanners can scan barcodes from any angle. Additionally, the use of CCD-based and CMOS sensors in Pen-style and Laser-based scanners has improved their accuracy and efficiency. A trend that is gaining popularity is the adoption of wearable devices, such as smart glasses, that perform the functions of traditional barcode scanners. These devices offer hands-free scanning and reduce human errors, making them ideal for industrial operations. For instance, DHL has adopted smart glasses as a new standard in logistics. However, challenges such as the distance between the camera and the barcode may need to be addressed to ensure optimal performance.
High purchasing cost of industrial barcode scanners is key challenge affecting the market growth. The market is experiencing growth, driven by the increasing demand for automated data capture solutions in various sectors. Stationary barcode scanners, available in both wired and wireless versions, are widely used in retail and commercial applications. Rugged barcode scanners, featuring omni-directional reading capabilities and laser or CCD-based technologies, dominate the logistics and warehousing sector. In contrast, non-rugged barcode scanners, such as pen-type readers and camera-based readers, are popular in retail and commerce. Additionally, RFID readers have gained traction in commercial aviation, defense, and other industries for their ability to read multiple tags simultaneously. The high cost of industrial barcode scanners, including rugged and laser-based models, remains a significant barrier to their widespread adoption. The integration of these devices with services and industrial wearables necessitates a careful evaluation of the return on investment (ROI).
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Advantech Co. Ltd. - The company provides industrial-grade barcode scanners, specifically engineered to decipher high-density 1D barcodes. These scanners are ideally suited for various applications within the retail, pharmaceutical, and postal sectors due to their capability to accurately read such codes.
The market research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The market is witnessing significant growth due to the increasing automation in various industries, including retail outlets, logistics, and e-commerce. The digitization of business processes and the rise of e-retailers have led to an increased demand for barcode scanning equipment in industrial settings. Industrial barcode scanners are essential for data exchange between cyber-physical systems, robots, and other industrial equipment. These scanners use advanced technologies like 2D scanners, data matrices, and QR codes to capture data from barcodes and enable identification, tracking, and management of goods, parts, and assets. Industrial barcode scanners are designed to be an adaptable to demanding locations, such as production floors, warehouses, and logistics hubs.
They offer high performance capabilities and can be integrated with industrial cameras, RFID systems, cloud, big data, AI, and semi-autonomous techniques. Barcode scanning is crucial for efficient data capture procedures and is increasingly being used in the logistics industry for courier and parcel tracking. Mobile devices are also being used as barcode scanning equipment, offering flexibility and convenience. Laser and image scanners are popular types of industrial barcode scanners, offering different scanning capabilities based on the type of barcode and scanning environment.
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Market Scope |
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Report Coverage |
Details |
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Page number |
186 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 10.68% |
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Market growth 2024-2028 |
USD 2.61 billion |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
9.38 |
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Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 28% |
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Key countries |
US, China, Germany, Canada, and Japan |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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Key companies profiled |
Advantech Co. Ltd., Bluebird Inc., CipherLab Co. Ltd., Cognex Corp., Datalogic SpA, DENSO Corp., EUROTECH Spa, Generalscan, Honeywell International Inc., Mexxen Technology Inc., Newland Digital Technology Co. Ltd., OMRON Corp., Opticon Sensors Europe BV, Portable Technology Solutions LLC, RIOTEC Co. Ltd., SATO Holdings Corp., Unipro Tech Solutions Pvt. Ltd., Unitech Computer Co. Ltd., ZEBEX INDUSTRIES INC., and Zebra Technologies Corp. |
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Market dynamics |
Parent market analysis, market growth inducers and obstacles, market forecast, fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
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