Automatic Identification and Data Capture Market size was valued at USD 53.34 Bn. in 2022 and the total Automatic Identification and Data Capture revenue is expected to grow by 15.2% from 2023 to 2029, reaching nearly USD 143.64 Bn.
Automatic Identification and Data Capture Market Overview
As per Maximize Market Research, a global business research and consultancy firm, the total global market for “ Automatic Identification and Data Capture Market” was USD in 2022 and is expected to grow at a CAGR of percent over the forecast period to reach USD by 2029.
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Automatic Identification and Data Capture Market Scope and Methodology
The report comprehensively assesses the Automatic Identification and Data Capture market's size estimation, encompassing existing and upcoming trends. It delivers an extensive examination of pivotal advancements, marketing tactics, supply and demand indicators, and profiles of market proprietors, leaders, potential contenders, and new entrants. Employing a bottom-up approach, the report estimates the Automatic Identification and Data Capture Market. Primary data sources involve interviews with notable industry experts, business owners, and marketing specialists, while secondary sources encompass financial reviews and annual reports of top manufacturers. For comprehensive insights into market penetration, competitive landscape, demand analysis, and regional evaluation, the study spans local, regional, and global levels.
Automatic Identification and Data Capture Market Regional Insights
The Automatic Identification and Data Capture market exhibits extensive categorization across North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. The Regional Analysis furnishes the current status of the Automatic Identification and Data Capture market within the countries covered. This report offers a comprehensive assessment of factors, market dimensions, growth rates, and regional import-export dynamics.
Automatic Identification and Data Capture Market Segmentation
By product, the Biometric Systems market segment held a commanding market share in 2022 and is anticipated to expand at a CAGR of 14.8% during the following five years. By the end of the anticipated period, this category is anticipated to lead the market due to rising demand for biometric scanners across a range of end-user industries. In cars for keyless ignition, forensics for crime detection, and user recognition for mobile payments, biometric technology is usually used. Similar to this, the demand for biometric scanners is rising due to the growing use of biometric identification systems, particularly for international border crossings to boost national security, which is anticipated to propel sector revenue growth.
The majority of biometrics technology used in libraries consists of hardware and software for fingerprint identification. However, some systems use retinal scanning. The majority of the time, these are employed to grant access to the building's doors, windows, computers, internet, and collection of items. Additionally, it helps with tracking staff time and attendance, the self-check system, and other things. Western nations have all of these biometric systems because of their strict security requirements and propensity for more automation.
Automatic Identification and Data Capture Market Size and Forecast, by Product (2022-2029)
1. Smart Cards
2. RFID Systems
3. Barcoding Solutions
4. Biometric Systems
5. Magnetic Stripe Cards
6. Optical Character Recognition (OCR) Systems
7. Voice-Directed WMS
8. Heads-Up Displays
9. Wearables
Automatic Identification and Data Capture Market Size and Forecast, by Offering (2022-2029)
1. Hardware
2. Software
3. Services
Automatic Identification and Data Capture Market Size and Forecast, by Vertical (2022-2029)
3. Manufacturing
3. Retail
3. Transportation & Logistics
4. Hospitality
5. Banking & Finance
6. Healthcare
7. Government
8. Commercial
9. Energy & Power
Automatic Identification and Data Capture Market Size and Forecast, by Region (2022-2029)
1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. South America
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Automatic Identification and Data Capture Market Key Players
1. JADAK Tech (US)
2. Code Corporation (US)
3. IMPINJ Inc. (US)
4. Avery Dennison Corporation (US)
5. Cognex Corporation (US)
6. Zebra Technologies (US)
7. Honeywell International (US)
8. Allien Technology Corporation (US)
9. Epson America Inc. (US)
10. Urovo Technology (China)
11. Shandong New Beiyang (China)
12. Toshiba Tec Corporation (Japan)
13. Denso Wave (Japan)
14. Keyence (Japan)
15. Panasonic (Japan)
16. NEC Corporation (Japan)
17. SATO Worldwide (Japan)
18. Vitronic (Germany)
19. cab Produkttechnik GmbH (Germany)
20. SICK AG (Germany)
21. Opticon Sensors Europe B.V. (Netherlands)
22. Newland Europe BV (Netherlands)
23. NXP Semiconductors (Netherlands)
24. Godex International (Taiwan)
25. TSC Auto ID Technology Co., Ltd. (Taiwan)
26. Unitech Electronics Co. Ltd (Taiwan)
27. Datalogic S.p.A (Italy)
28. Bluebird Inc. (South Korea)
29. Better Online Solutions Ltd. (Israel)
30. Axicon Auto ID Ltd. (UK)
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Key questions answered in the Automatic Identification and Data Capture Market are:
- What is Automatic Identification and Data Capture?
- What was the Automatic Identification and Data Capture market size in 2022?
- What are the different segments of the Automatic Identification and Data Capture Market?
- What growth strategies are the players considering to increase their presence in Automatic Identification and Data Capture?
- What are the upcoming industry applications and trends for the Automatic Identification and Data Capture Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Automatic Identification and Data Capture Market?
- Who are the key players in the Automatic Identification and Data Capture market?
- What segments are covered in the Automatic Identification and Data Capture Market?
- Who are the leading companies and what are their portfolios in Automatic Identification and Data Capture Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2023−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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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).
