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.
Increasing infrastructure like commercial space and security
Lack of coordination between government
Growing technological advancements and digitalization industry
Rising government participation in healthcare sectors
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.
Key Benefits for Stakeholders
Automatic Identification & Data Capture Manufacturers, Distributors, and Retailers
Research and Consulting organization, Government & Regulatory bodies
Technology Standards Organizations,
Market by Technology
Market by Product Type
Magnetic Stripe Readers
Smart Card Readers
Optical Character Recognition (OCR)
Transportation & Logistics
Banking and Financial
Key Market Players
- 1. Bluebird Inc.
- 2. Honeywell International Inc.
- 3. TSC Auto Id Technology Co, Ltd.
- 4. Datalogic S.p.A.
- 5. Seagull Scientific, Inc.
- 6. Allien Technologies Corporation
- 7. Avery Dennison Corporation
- 8. Axicon Auto ID Ltd.
- 9. Toshiba Tec Corporation
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