Automatic Identification and Data Capture Market size was valued at USD 53.34 Bn. in 2022 and the total Automatic Identification and Data Capture revenue is expected to grow by 15.2% from 2023 to 2029, reaching nearly USD 143.64 Bn.
Automatic Identification and Data Capture Market Overview:
Maximize Market Research’s new report, Global Automatic Identification and Data Capture Market 2021-2027, is useful for understanding the market’s competitors. The research provides a broad and basic examination of the market, including an examination of subjective factors that might provide readers with vital business insights. The research provides a market overview that explains the value chain structure, geographical analysis, applications, market size, and forecast (2021-2027). The research will serve as a vehicle for a more accurate assessment of the current and future conditions of the worldwide Automatic Identification and Data Capture Market.
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Automatic Identification and Data Capture Market Scope:
The research provides an analytical view of the business by studying several elements such as worldwide Automatic Identification and Data Capture market growth, consumption volume, market trends, and company pricing structures throughout the projected period. The analysis includes extensive research to explore the market’s complexities. The research provides an overview of the worldwide Automatic Identification and Data Capture market, including market characteristics, market segmentation analysis, market size, customer landscape, and geographical landscape. The study considers growth drivers, current trends, advancements, prospects, and the competitive environment in its research. This market has been examined in several areas based on productivity and manufacturing base.
Automatic Identification and Data Capture Market Segmentation:
By product, the Biometric Systems market segment held a commanding market share in 2022 and is anticipated to expand at a CAGR of 14.8% during the following five years. By the end of the anticipated period, this category is anticipated to lead the market due to rising demand for biometric scanners across a range of end-user industries. In cars for keyless ignition, forensics for crime detection, and user recognition for mobile payments, biometric technology is usually used. Similar to this, the demand for biometric scanners is rising due to the growing use of biometric identification systems, particularly for international border crossings to boost national security, which is anticipated to propel sector revenue growth.
The majority of biometrics technology used in libraries consists of hardware and software for fingerprint identification. However, some systems use retinal scanning. The majority of the time, these are employed to grant access to the building’s doors, windows, computers, internet, and collection of items. Additionally, it helps with tracking staff time and attendance, the self-check system, and other things. Western nations have all of these biometric systems because of their strict security requirements and propensity for more automation.
Automatic Identification and Data Capture Market Size and Forecast, by Product (2022-2029)
1. Smart Cards
2. RFID Systems
3. Barcoding Solutions
4. Biometric Systems
5. Magnetic Stripe Cards
6. Optical Character Recognition (OCR) Systems
7. Voice-Directed WMS
8. Heads-Up Displays
9. Wearables
Automatic Identification and Data Capture Market Size and Forecast, by Offering (2022-2029)
1. Hardware
2. Software
3. Services
Automatic Identification and Data Capture Market Size and Forecast, by Vertical (2022-2029)
3. Manufacturing
3. Retail
3. Transportation & Logistics
4. Hospitality
5. Banking & Finance
6. Healthcare
7. Government
8. Commercial
9. Energy & Power
Automatic Identification and Data Capture Market Size and Forecast, by Region (2022-2029)
1. North America
2. Europe
3. Asia Pacific
4. Middle East and Africa
5. South America
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Automatic Identification and Data Capture Market Key Players:
It then discusses the top competitors in the worldwide Automatic Identification and Data Capture market, as well as emerging players, in detail, including market share based on revenue, demand, high-quality product makers, sales, and service providers. In addition, the research assesses capacity utilization, raw material sources, import-export, the value chain, price structure, and the industrial supply chain. The following players are featured in this report:
1. JADAK Tech (US)
2. Code Corporation (US)
3. IMPINJ Inc. (US)
4. Avery Dennison Corporation (US)
5. Cognex Corporation (US)
6. Zebra Technologies (US)
7. Honeywell International (US)
8. Allien Technology Corporation (US)
9. Epson America Inc. (US)
10. Urovo Technology (China)
11. Shandong New Beiyang (China)
12. Toshiba Tec Corporation (Japan)
13. Denso Wave (Japan)
14. Keyence (Japan)
15. Panasonic (Japan)
16. NEC Corporation (Japan)
17. SATO Worldwide (Japan)
18. Vitronic (Germany)
19. cab Produkttechnik GmbH (Germany)
20. SICK AG (Germany)
21. Opticon Sensors Europe B.V. (Netherlands)
22. Newland Europe BV (Netherlands)
23. NXP Semiconductors (Netherlands)
24. Godex International (Taiwan)
25. TSC Auto ID Technology Co., Ltd. (Taiwan)
26. Unitech Electronics Co. Ltd (Taiwan)
27. Datalogic S.p.A (Italy)
28. Bluebird Inc. (South Korea)
29. Better Online Solutions Ltd. (Israel)
30. Axicon Auto ID Ltd. (UK)
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Regional Analysis:
The report has analyzed the global Automatic Identification and Data Capture market in the following regions:
- America, North (the United States, Canada, and Mexico)
- European Union (Germany, France, United Kingdom, Russia, Italy, and Rest of Europe)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia, and Rest of South America)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa, and Rest of the Middle East & Africa)
The research provides comprehensive insights into numerous development opportunities and challenges in the regions mentioned above based on various types of goods, applications, end-users, and countries, among others. The research also includes key features of the worldwide Automatic Identification and Data Capture market, such as sales growth, product price and analysis, growth potential, and suggestions for tackling market issues in the given regions.
COVID-19 Impact Analysis on Automatic Identification and Data Capture Market:
COVID-19 is an unprecedented worldwide public health emergency that has impacted practically every business, and the long-term impacts are expected to have an influence on industry growth throughout the projection period. Our continuing study expands our research methodology to include fundamental COVID-19 concerns and potential next steps. The research provides insights on COVID-19 by taking into account changes in consumer behavior and demand, purchasing patterns, supply chain re-routing, the dynamics of contemporary market forces, and substantial government initiatives. The revised report contains insights, analysis, projections, and predictions based on the influence of COVID-19 on the market.
Key Questions Answered in the Automatic Identification and Data Capture Market Report are:
- Which are the major companies in the Automatic Identification and Data Capture market?
- Which is the potential market for Automatic Identification and Data Capture in terms of the region?
- Which application area of Automatic Identification and Data Capture is expected to grow at a significant rate in the market in the next 5 years?
- What are the opportunities for new market entrants?
- What will be the Automatic Identification and Data Capture market size by 2027?
- What are the growth prospects for the Automatic Identification and Data Capture market?
- What is the base year considered in the Automatic Identification and Data Capture market report?
- Which region holds the largest market share in the Automatic Identification and Data Capture market?
- What factors are anticipated to drive the Automatic Identification and Data Capture market?
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