The global 2D Barcode Reader market size is expected to be worth around US$ 13.6 billion by 2030, according to a new report by Vision Research Reports.
The global 2D Barcode Reader market size was valued at US$ 8.79 billion in 2020 and is anticipated to grow at a CAGR of 7.7% during forecast period 2021 to 2030.
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|Market Size||USD 13.6 billion by 2030|
|Growth Rate||CAGR of 7.7% From 2021 to 2030|
|Forecast Period||2021 to 2030|
|Segments Covered||Product type, Application|
|Regional Scope||North America, Europe, Asia Pacific, Latin America, Middle East & Africa|
|Companies Mentioned||Cognex Corporation; DENSO WAVE INCORPORATED; Datalogic S.p.A; Honeywell International, Inc.; KEYENCE CORPORATION|
The growing preference for online shopping and the subsequent growth in e-commerce and logistics is expected to drive the growth of the market. Businesses in several industries and industry verticals, including retail and manufacturing, are aggressively using barcodes and allied systems to precisely audit the inventory and track individual products or product batches remotely in a large facility. Thus, a barcode scanner becomes a core component for decoding and interpreting the data stored by the barcode. Barcode scanners ensure robust inventory control management and help in improving the accuracy, speed, and efficiency of tracking goods.
- DENSO WAVE INCORPORATED
- CASIO COMPUTER CO., LTD.
- Cognex Corporation
- Datalogic S.p.A.
- Honeywell International, Inc.
- Juniper Systems Inc.
- Zebra Technologies Corp.
- KEYENCE CORPORATION
- Product Type
- Factory Automation
- North America
- Asia Pacific
- South America
- Middle East & Africa
- North America
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