Semiconductor & Electronics Market Research News

Automatic identification & data capture market to touch US$ 74.68 billion by 2023 according to market forecasts

The Global Automatic Identification & Data Capture Market represents its costing, production, scope to increase its demand by the 2023 year. The Report is based on Global key findings, Regional analysis, Growth factors and others. The Automatic Identification & Data Capture Market Report helps to fasten the business across the globe and provides in-depth information.

GLOBAL AUTOMATIC IDENTIFICATION & DATA CAPTURE MARKET was valued at 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/Rtd91m

Drivers:

             Increasing infrastructure like commercial space and security

Restraints:

             Lack of coordination between government

Opportunities:

             Growing technological advancements and digitalization industry

             Rising government participation in healthcare sectors

Challenges:

             The processing and performance of data capture

             Lack of reliability and safety 

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 2018-2023 due to growing government investments and rising healthcare sector.

As it is easier to collect and track patient information and reduce medical error.

Report: goo.gl/uQZcma

Key Benefits for Stakeholders

Automatic Identification & Data Capture Manufacturers, Distributors, and Retailers

Research and Consulting organization, Government & Regulatory bodies

Technology Standards Organizations,

End-use industries

By Product

Barcode Printers

            Market by Technology

            Market by Product Type

Barcode Verifiers

Barcode Scanners

RFID

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

  1. 1. Bluebird Inc.
  2. 2. Honeywell International Inc.
  3. 3. TSC Auto Id Technology Co, Ltd.
  4. 4. Datalogic S.p.A.
  5. 5. Seagull Scientific, Inc.
  6. 6. Allien Technologies Corporation
  7. 7. Avery Dennison Corporation
  8. 8. Axicon Auto ID Ltd.
  9. 9. Toshiba Tec Corporation

Read Report Overview with Full TOC at goo.gl/ABEsUx

News From

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