What is Image Based Barcode Reader Market?
Image-based barcode readers are rapidly replacing laser scanners in a wide range of industries including food, beverage, consumer goods, pharmaceutical, and logistics, but when considering a transition from laser scanners to image-based barcode readers many think the investment cost is too high. A barcode is a machine-readable pattern applied to products, packages, or parts. Barcodes contain data used for informational and marketing purposes as well as for tracking products throughout their lifecycle. Barcodes are read by using a special reader or scanner with lights and lenses that decode the data in the codes. The information is then transferred to a database where it can be logged and tracked.
The market study is being classified by Type (2D image and 1D image) and major geographies with country level break-up.
MSM Solutions (United States), Keyence Corporation (Japan), Sensopart (Germany), CipherLab (Taiwan), ZEBEX (China), Shenzhen MinDe (China), Omron Corporation (Japan), Cognex (United States), Zebra Technologies(United States) and Honeywell (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Denso Wave (Germany), SICK AG (Germany), Datalogic (Italy) and Wasp Barcode (Italy).
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Image Based Barcode Reader market throughout the predicted period.
Analyst at AMA have segmented the market study of Global Image Based Barcode Reader market by Type, Application and Region.
On the basis of geography, the market of Image Based Barcode Reader has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2020. Europe on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- The growth of the retail industry
- High Demand due to government initiatives for tax collection
- A major shift from handheld laser scanning to imaging solutions
- The rise in digital inventory control
- The huge growth in the application of centralized software
- The concern related to the high cost of these systems
- The increase in investment from the retail industry globally
- High demand due to technological advancements, smartphone apps are now being used as image-based barcode readers and scanners
Market Leaders and some development strategies
30th May 2019, Honeywell, an industry leader in scanning and productivity solutions, took legal action against Opticon, a Japan-based company that manufactures scan engines and barcode readers, accusing Opticon of infringing Honeywell’s patents.
Key Target AudienceRegulatory Bodies, Government Research Organization, Private Research Organizations and Others
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