Industrial, Manufacturing & Heavy Industry Market News

Global automatic identification & data capture market to show USD 74.68 billion by 2023 according to market forecasts

Industrial Market Research

Automatic Identification & Data Capture Market By Product (Barcode Verifiers, Barcode Scanners, RFID, Magnetic Stripe Readers, Smart Card Readers).

Global Automatic Identification & Data Capture Market Make an Inquiry about this news was valued USD 42.29 Billion in the year 2017. Global Automatic Identification & Data Capture Market is further estimated to grow at a CAGR of 9.94% from 2018 to 2023 to reach USD 74.68 Billion.

Bluebird Inc. (U.S.), Honeywell International Inc. (U.S.), TSC Auto Id Technology Co, Ltd.

(Taiwan), Datalogic S.p.A.

(Italy), Seagull Scientific, Inc. (U.S.), Allien Technologies Corporation (U.S.), Avery Dennison Corporation (U.S.), Axicon Auto ID Ltd.

(U.K.), Toshiba Tec Corporation (Japan) are some of the top manufacturer in the 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.

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 markets like the U.S.

holds the highest market share in 2016 and it is projected to grow strongly in the coming years.

Report: goo.gl/eTjZEk Make an Inquiry about this news

Drivers:

Increasing Infrastructure and Security

Restraints:

Expensive Component

Opportunities:

Increasing demand for Healthcare sector

Challenges:

            The processing and performance of data capture

Amongst various Product type, Biometrics Systems segment is expected to hold the highest market share because of the increasing security in various industries and other sectors during the forecast period.

On the other hand Healthcare segment for this market is expected to grow at the highest CAGR of XXX during year 2017-2022.

Key Benefits for Stakeholders

Automatic Identification & Data Capture Manufacturers, Distributors and Retailers

Research and Consulting organization

Technology Standards Organizations, Forums, Alliances and Associations

End use industries

Regulatory bodies, policy actors and consumers.

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By Product

Barcode Printers

            Market by Technology

                        Dot Matrix Printers

                        Laser Printers

                        Inkjet Printers

                        Thermal Printers

            Market by Product Type

                          Hardware

                          Supplies

                        Software & Services

Barcode Verifiers

Barcode Scanners

         Wand Barcode Scanners

         Charge-Coupled Devices

         Laser Scanners

         Image Scanners

RFID

         RFID Tags

         RFID Systems

Magnetic Stripe Readers

Smart Card Readers

Biometric Systems

Optical Character Recognition (OCR)

Mobile Computers

By Vertical/Industry

Manufacturing

Retail

Transportation & Logistics

Banking and Financial

Healthcare

Others

By Region

North America

Europe

Asia-Pacific

RoW

Key Market Players

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

Zebra Technologies Corporation

Unitech Electronics Co. Ltd.

JADAK Tech

Read Report Overview with Full TOC at goo.gl/4KWd6G Make an Inquiry about this news

News From

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