Automatic Identification & Data Capture Market Growth and Segmentation 2021, Size, Industry Share and Characteristics, Company Profiles, Top Revenues and SWOT Analysis to 2030

In a recent published report, Kenneth Research has updated the market report for Automatic Identification & Data Capture Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Automatic Identification & Data Capture Market products.

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Moreover, increase in ICT spending around the globe for hardware, software, services, new technologies and telecom among others is also anticipated to contribute to the growth of the market in the coming years. The spending on new technologies recorded around USD 0.6 million in 2018 and is further estimated to reach close to USD 1.3 million by 2023. The total ICT spending around the globe further recorded close to USD 5 million in 2019 and is further projected to touch USD 6 million by 2023.

The Automatic Identification & Data Capture Market is expected to grow with a significant CAGR during the forecast period, i.e. 2021-2025, on the back of growing internet penetration around the world along with the rising adoption of smartphone. The statistics by the GSMA Intelligence stated that the total unique mobile subscribers as on May 2020 around the world was 5.24 billion.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Global Automatic Identification & Data Capture Market was valued USD 42.30 Billion in the year 2017. Global Automatic Identification & Data Capture Market is further estimated to grow at a CAGR of 9.93% from 2018 to 2025 to reach USD 90.26 Billion.

Bluebird Inc., Honeywell International Inc., TSC Auto Id Technology Co Ltd. , Datalogic S.p.A., Seagull Scientific Inc., Allien Technologies Corporation, Avery Dennison Corporation, Axicon Auto ID Ltd., Toshiba Tec Corporation and also more 12 companies information is provided in research report. Automatic Identification & Data Capture Market with Honeywell International Inc. holding the substantial Market share because of its better global presence both at production and at an operational level. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as collaboration of Honeywell International with Microsoft Corporation as well as Intel Corporation.

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North America region holds the highest Market share in 2017 and Asia-Pacific Market is considered as the fastest growing Market in the forecasted period. At a country level, developed Market like the U.S. holds the highest Market share in 2016 and it is projected to grow strongly in the coming years.

Increasing infrastructure like commercial space and security

Lack of coordination between government

Growing technological advancements and digitalization
Rising government participation in healthcare sectors

The processing and performance of data capture
Lack of reliability and safety.

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Amongst various Product type, Biometrics Systems segment is expected to hold the highest Market share during the forecast period because of the need of growing security in industries and organizations. On the other hand Healthcare segment among manufacturing, retail, transportation & logistics, banking and financial and others is expected to grow at the highest CAGR during the year 2018-2025 due to growing government investments and rising healthcare sector. As it is easier to collect and track patient information and reduce medical error.

By Product
Barcode Printers
Market by Technology
Market by Product Type
Barcode Verifiers
Barcode Scanners
Magnetic Stripe Readers
Smart Card Readers
Biometric Systems
Optical Character Recognition (OCR)
Mobile Computers

By Vertical/Market
Transportation & Logistics
Banking and Financial

By Region
North America
• Canada
• Germany
• U.K.
• France
• Italy
• Rest of Europe
• China
• India
• Japan
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa

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