2D Barcode Reader Market Size, Share & Trends Analysis Report By Product Type (Handheld, Fixed), By Application (Warehousing, Logistics, E-commerce & Retail), By Region, And Segment Forecasts, 2019 - 2025

Published: Aug, 2019 | Pages: 112 | Publisher: Grand View Research
Industry: Electronics | Report Format: Electronic (PDF)

The global 2D barcode reader market size is expected to reach USD 8.60 billion by 2025, registering a CAGR of 4.7% over the forecast period, according to a new report by Grand View Research, Inc. The market is expected to grow as incumbents of industries, such as retail, transportation & logistics, warehousing, and e-commerce, continue to adopt various tools to increase the operational efficiency of their business operations. Initiatives being undertaken by businesses to develop innovative strategies and adopt strategic methods and tools to gain a competitive edge in the marketplace also bode well for the growth of the market.

A barcode reader is emerging as one of the solutions that can potentially help businesses in ensuring lean operations and improving productivity. As a result, manufacturers operating in the market are responding to the situation by focusing on the development of innovative technologies for enhancing the barcode reading capabilities and offering numerous benefits to several end-use industries. The development of 2-Dimensional (2D) barcode scanners has particularly helped in solving several problems and challenges, such as having the capability to scan 2D barcodes while also ensuring the backward compatibility to scan 1-Dimensional (1D) barcodes.

A 2D barcode reader has assumed a pivotal role in increasing the operational efficiency of businesses. Owing to advantages such as higher accuracy, higher scanning speed, reduction in clerical cost, and improvement in customer service, the 2D barcode reader has cemented its position as a prominent tool for streamlining internal and external operations. Apart from being compact and flexible, the reader can also turn out to be an economical solution with a payback period of just 3-6 months. It is particularly getting vital for the industrial sector as a result.

The adoption of barcode technology as an automatic identification/scanning system has helped significantly in reducing human errors. A typical error rate for human data entry is estimated at around 1 error per 300 characters typed. However, the error rate of a barcode reader is estimated at 1 error per 35 trillion characters. Thus, from accelerating the checkout process in the retail industry to tracking inventories in warehouses, barcode scanners have eventually proliferated into a myriad of business operations. These scanners can not only help businesses in conserving their resources but in optimizing the data entry process, improving real-time visibility of the products, and enhancing the productivity of employees.

However, the proliferation of mobile barcode Software Development Kits (SDKs) is anticipated to hinder the growth of the market. Organizations with low-volume operations are particularly preferring smartphones over scanners for barcodes to reduce their operational costs. The adoption of Bring Your Own Device (BYOD) policies is also anticipated to encourage the adoption of barcode scanning apps over readers. In other words, any growth in the usage of smartphones for scanning barcodes can potentially take a toll on the demand for dedicated 2D barcode readers.

Further key findings from the report suggest:

• The global market for 2D barcode reader was valued at USD 6.39 billion in 2018 and is expected to exhibit a CAGR of 4.7% from 2019 to 2025

• The handheld segment accounted for the largest revenue share of over 65% in 2018 and is anticipated to register a CAGR of 5.2% over the forecast period

• The logistics segment is anticipated to exhibit the highest CAGR of 6.1% over the forecast period as transporters continue to deploy barcode readers at their logistics facilities

• The warehousing segment dominated the market in 2018 and was valued at USD 2.60 billion as warehousing companies aggressively adopted 2D barcode readers to track inventories

• The Asia Pacific regional market was valued at USD 2.66 billion in 2018 and is expected to register a significant growth rate owing to the booming e-commerce industry and the continued rollout of warehousing network, particularly in developing countries, such as India and China

• The key players dominating the 2D barcode reader market include Zebra Technologies Corporation, Datalogic S.p.A., Cognex Corporation, Honeywell International Inc., and Keyence Corporation, among others

 Table of Contents

Chapter 1 Methodology and Scope
                 1.1 Information Procurement
                 1.2 Purchased Database
                      1.2.1 GVR's internal database
                 1.3 Research Methodology
                 1.4 Research Scope & Assumptions
                 1.5 List of Data Sources
                      1.5.1 List of primary sources
                      1.5.2 List of secondary sources
Chapter 2 Executive Summary
                 2.1 Market Snapshot
                 2.2 Global 2D Barcode Reader Market
                      2.2.1 2D barcode reader market size & forecasts, 2015 - 2025 (USD Million)
                      2.2.2 Product type segment trends
                          2.2.2.1 2D barcode reader market, by product type, 2015 - 2025 (USD Million)
                      2.2.3 Application segment trends
                          2.2.3.1 2D barcode reader market, by application, 2015 - 2025 (USD Million)
                      2.2.4 Regional segment trends
                          2.2.4.1 2D barcode reader market, by region, 2015 - 2025 (USD Million)
Chapter 3 2D Barcode Reader Market Variables, Trends & Scope
                 3.1 Market Segmentation
                 3.2 2D Barcode Reader - Value Chain Analysis
                 3.3 Market Dynamics
                      3.3.1 Market driver analysis
                          3.3.1.1 Reducing error rate and improving the operational efficiency
                          3.3.1.2 The proliferation of barcode scanners in digital shopping
                          3.3.1.3 The growth of e-commerce and logistics sectors
                      3.3.2 Market challenge analysis
                          3.3.2.1 The development of smartphones-based applications to scan barcodes
                 3.4 Penetration and Growth Prospect Mapping
                 3.5 Industry Analysis Tool
                      3.5.1 Porter's five forces analysis
                      3.5.2 2D barcode reader market - PEST analysis
                 3.6 Product Pricing Analysis
Chapter 4 2D Barcode Reader Market: Competitive Analysis
                 4.1 Major Deals and Strategic Alliances, 2014-2018
                 4.2 Key Company Market Share Analysis, 2018
Chapter 5 2D Barcode Reader Market: Product Type Estimates & Trends Analysis
                 5.1 Product Type Market Analysis & Market Share, 2018 & 2025
                 5.2 Handheld
                      5.2.1 Global handheld market, by region, 2015 - 2025 (USD Million)
                 5.3 Fixed
                      5.3.1 Global fixed market, by region, 2015 - 2025 (USD Million)
Chapter 6 2D Barcode Reader Market: Application Estimates & Trends Analysis
                 6.1 Application Market Analysis & Market Share, 2018 & 2025
                 6.2 Warehousing
                      6.2.1 Global warehousing market, by region, 2015 - 2025 (USD Million)
                 6.3 Logistics
                      6.3.1 Global logistics market, by region, 2015 - 2025 (USD Million)
                 6.4 E-commerce & Retail
                      6.4.1 Global e-commerce & retail market, by region 2015 - 2025 (USD Million)
Chapter 7 2D Barcode Reader Market: Technology Type Trends Analysis (Qualitative)
                 7.1 Technology Type Trend Analysis
                      7.1.1 Laser scanner
                      7.1.2 Camera-based reader
                      7.1.3 Smartphone-based scanner
                      7.1.4 Radio frequency identification reader (RFID) scanner
                      7.1.5 Pen-type scanner
                      7.1.6 Charge Coupled Device (CCD) reader
                      7.1.7 Omni-directional scanner
Chapter 8 2D Barcode Reader Market: Region Estimates & Trends Analysis
                 8.1 Regional Market Analysis & Market Share, 2018 & 2025
                 8.2 North America
                      8.2.1 North America 2D barcode reader market, by product type, 2015 - 2025 (USD Million)
                      8.2.2 North America 2D barcode reader market, by application, 2015 - 2025 (USD Million)
                      8.2.3 U.S.
                          8.2.3.1 U.S. barcode 2D barcode reader market, by product type, 2015 - 2025 (USD Million)
                          8.2.3.2 U.S. barcode 2D barcode reader market, by application, 2015 - 2025 (USD Million)
                      8.2.4 Canada
                          8.2.4.1 Canada 2D barcode reader market, by product type, 2015 - 2025 (USD Million)
                          8.2.4.2 Canada 2D barcode reader market, by application, 2015 - 2025 (USD Million)
                      8.2.5 Mexico
                          8.2.5.1 Mexico barcode 2D barcode reader market, by product type, 2015 - 2025 (USD Million)
                          8.2.5.2 Mexico 2D barcode reader market, by application, 2015 - 2025 (USD Million)
                 8.3 Europe
                      8.3.1 Europe 2D barcode reader market, by product type, 2015 - 2025 (USD Million)
                      8.3.2 Europe 2D barcode reader market, by application, 2015 - 2025 (USD Million)
                      8.3.3 U.K.
                          8.3.3.1 U.K. 2D barcode reader market, by product type, 2015 - 2025 (USD Million)
                          8.3.3.2 U.K. 2D barcode reader market, by application, 2015 - 2025 (USD Million)
                      8.3.4 Germany
                          8.3.4.1 Germany 2D barcode reader market, by product type, 2015 - 2025 (USD Million)
                          8.3.4.2 Germany 2D barcode reader market, by application, 2015 - 2025 (USD Million)
                 8.4 Asia Pacific
                      8.4.1 Asia Pacific 2D barcode reader market, by product type, 2015 - 2025 (USD Million)
                      8.4.2 Asia Pacific 2D barcode reader market, by application, 2015 - 2025 (USD Million)
                      8.4.3 China
                          8.4.3.1 China 2D barcode reader market, by product type, 2015 - 2025 (USD Million)
                          8.4.3.2 China 2D barcode reader market, by application, 2015 - 2025 (USD Million)
                      8.4.4 India
                          8.4.4.1 India 2D barcode reader market, by product type, 2015 - 2025 (USD Million)
                          8.4.4.2 India 2D barcode reader market, by application, 2015 - 2025 (USD Million)
                      8.4.5 Japan
                          8.4.5.1 Japan 2D barcode reader market, by product type, 2015 - 2025 (USD Million)
                          8.4.5.2 Japan 2D barcode reader market, by application, 2015 - 2025 (USD Million)
                 8.5 South America
                      8.5.1 South America 2D barcode reader market, by product type, 2015 - 2025 (USD Million)
                      8.5.2 South America 2D barcode reader market, by application, 2015 - 2025 (USD Million)
                      8.5.3 Brazil
                          8.5.3.1 Brazil 2D barcode reader market, by product type, 2015 - 2025 (USD Million)
                          8.5.3.2 Brazil 2D barcode reader market, by application, 2015 - 2025 (USD Million)
                 8.6 Middle East & Africa
                      8.6.1 Middle East & Africa 2D barcode reader market, by product type, 2015 - 2025 (USD Million)
                      8.6.2 Middle East & Africa 2D barcode reader market, by application, 2015 - 2025 (USD Million)
Chapter 9 Company Profiles
                 9.1 DENSO WAVE INCORPORATED
                      9.1.1 Company overview
                      9.1.2 Financial performance
                      9.1.3 Product benchmarking
                      9.1.4 Recent developments
                 9.2 Casio Computer Co., Ltd.
                      9.2.1 Company overview
                      9.2.2 Financial performance
                      9.2.3 Product benchmarking
                 9.3 Cognex Corporation
                      9.3.1 Company overview
                      9.3.2 Financial performance
                      9.3.3 Product benchmarking
                      9.3.4 Recent developments
                 9.4 Datalogic S.p.A.
                      9.4.1 Company overview
                      9.4.2 Financial performance
                      9.4.3 Product benchmarking
                      9.4.4 Recent developments
                 9.5 General Data Company Inc.
                      9.5.1 Company overview
                      9.5.2 Product benchmarking
                      9.5.3 Recent developments
                 9.6 Honeywell International, Inc.
                      9.6.1 Company overview
                      9.6.2 Financial performance
                      9.6.3 Product benchmarking
                 9.7 JADAK, a Novanta Company
                      9.7.1 Company overview
                      9.7.2 Product benchmarking
                      9.7.3 Recent developments
                 9.8 Juniper Systems, Inc.
                      9.8.1 Company overview
                      9.8.2 Product benchmarking
                 9.9 Keyence Corporation
                      9.9.1 Company overview
                      9.9.2 Financial performance
                      9.9.3 Product benchmarking
                 9.10 Marson Technology Co., Ltd.
                      9.10.1 Company overview
                      9.10.2 Product benchmarking
                 9.11 Omron Microscan Systems, Inc.
                      9.11.1 Company overview
                      9.11.2 Product benchmarking
                      9.11.3 Recent developments
                 9.12 SATO Holdings Corporation
                      9.12.1 Company overview
                      9.12.2 Financial performance
                      9.12.3 Product benchmarking
                      9.12.4 Recent developments
                 9.13 Scandit AG
                      9.13.1 Company overview
                      9.13.2 Financial performance
                      9.13.3 Product benchmarking
                      9.13.4 Recent developments
                 9.14 SICK AG
                      9.14.1 Company overview
                      9.14.2 Financial performance
                      9.14.3 Product benchmarking
                      9.14.4 Recent developments
                 9.15 Unitech Electronics Co., LTD.
                      9.15.1 Company overview
                      9.15.2 Financial performance
                      9.15.3 Product benchmarking
                 9.16 Wasp Barcode Technologies
                      9.16.1 Company overview
                      9.16.2 Financial performance
                      9.16.3 Product benchmarking
                      9.16.4 Recent developments
                 9.17 ZEBEX INDUSTRIES INC.
                      9.17.1 Company overview
                      9.17.2 Product benchmarking
                 9.18 Zebra Technologies Corp.
                      9.18.1 Company overview
                      9.18.2 Financial performance
                      9.18.3 Product benchmarking
                      9.18.4 Recent developments

List of Tables

Table 1 2D barcode reader market, 2015 - 2025 (USD Million)
Table 2 2D barcode reader market, by product type, 2015 - 2025 (USD Million)
Table 3 2D barcode reader market, by application, 2015 - 2025 (USD Million)
Table 4 2D barcode reader market, by region, 2015 - 2025 (USD Million)
Table 5 Global handheld market, by region, 2015 - 2025 (USD Million)
Table 6 Global fixed market, by region 2015 - 2025 (USD Million)
Table 7 Global warehousing market, by region, 2015 - 2025 (USD Million)
Table 8 Global logistics market, by region, 2015 - 2025 (USD Million)
Table 9 Global e-commerce & retail market, by region, 2015 - 2025 (USD Million)
Table 10 North America 2D barcode reader market, by product type, 2015 - 2025 (USD Million)
Table 11 North America 2D barcode reader market, by application, 2015 - 2025 (USD Million)
Table 12 U.S. barcode 2D barcode reader market, by product type, 2015 - 2025 (USD Million)
Table 13 U.S. barcode 2D barcode reader market, by application, 2015 - 2025 (USD Million)
Table 14 Canada 2D barcode reader market, by product type, 2015 - 2025 (USD Million)
Table 15 Canada 2D barcode reader market, by application, 2015 - 2025 (USD Million)
Table 16 Mexico 2D barcode reader market, by product type, 2015 - 2025 (USD Million)
Table 17 Mexico 2D barcode reader market, by application, 2015 - 2025 (USD Million)
Table 18 Europe 2D barcode reader market, by product type, 2015 - 2025 (USD Million)
Table 19 Europe 2D barcode reader market, by application, 2015 - 2025 (USD Million)
Table 20 U.K. 2D barcode reader market, by product type, 2015 - 2025 (USD Million)
Table 21 U.K. 2D barcode reader market, by application, 2015 - 2025 (USD Million)
Table 22 Germany 2D barcode reader market, by product type, 2015 - 2025 (USD Million)
Table 23 Germany 2D barcode reader market, by application, 2015 - 2025 (USD Million)
Table 24 Asia Pacific 2D barcode reader market, by product type, 2015 - 2025 (USD Million)
Table 25 Asia Pacific 2D barcode reader market, by application, 2015 - 2025 (USD Million)
Table 26 China 2D barcode reader market, by product type, 2015 - 2025 (USD Million)
Table 27 China 2D barcode reader market, by application, 2015 - 2025 (USD Million)
Table 28 India 2D barcode reader market, by product type, 2015 - 2025 (USD Million)
Table 29 India 2D barcode reader market, by application, 2015 - 2025 (USD Million)
Table 30 Japan 2D barcode reader market, by product type, 2015 - 2025 (USD Million)
Table 31 Japan 2D barcode reader market, by application, 2015 - 2025 (USD Million)
Table 32 South America 2D barcode reader market, by product type, 2015 - 2025 (USD Million)
Table 33 South America 2D barcode reader market, by application, 2015 - 2025 (USD Million)
Table 34 Brazil 2D barcode reader market, by product type, 2015 - 2025 (USD Million)
Table 35 Brazil 2D barcode reader market, by application, 2015 - 2025 (USD Million)
Table 36 Middle East & Africa 2D barcode reader market, by product type, 2015 - 2025 (USD Million)
Table 37 Middle East & Africa 2D barcode reader market, by application, 2015 - 2025 (USD Million)

List of Figures

Fig. 1 Market research process
Fig. 2 Information procurement
Fig. 3 Market snapshot
Fig. 4 2D barcode reader market, 2015 - 2025 (USD Million)
Fig. 5 Market segmentation & scope
Fig. 6 Value chain analysis
Fig. 7 Market driver analysis
Fig. 8 Market challenge analysis
Fig. 9 Market penetration & growth prospect mapping
Fig. 10 Porter's analysis
Fig. 11 PEST analysis
Fig. 12 Product pricing analysis, 2018
Fig. 13 Key company market share, 2018
Fig. 14 Product type market analysis & market share, 2018 & 2025
Fig. 15 Application market analysis & market share, 2018 & 2025
Fig. 16 Regional market analysis & market share, 2018 & 2025