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The 2D Barcode Reader Market size was estimated at USD 13.60 billion in 2023, USD 14.94 billion in 2024, and is expected to grow at a CAGR of 9.77% to reach USD 26.14 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
A Two-Dimensional (2D) Barcode Reader, also widely known as a 2D Scanner or QR Code Scanner, is a highly efficient tool that facilitates decoding information embedded within a 2D barcode or a QR (Quick Response) code. Unlike traditional linear or 1D barcodes that hold data in a single direction, 2D barcodes can store information vertically and horizontally within a defined space, significantly enlarging the capacity of data that it can hold. The 2D Barcode Reader employs advanced imaging technology to interpret and decode the two-dimensional composition of these barcodes and further converts this data into a format that digital devices understand. The market for 2D barcode readers refers to the global platform where various individuals, businesses, and industries sell and buy 2D barcode scanning devices. The 2D barcode readers use cameras, image processing techniques, and software applications to read barcodes. Industries such as logistics, supply chain, healthcare, education, and e-commerce widely employ these scanners to track, identify, and manage their inventory and assets. Primarily, these devices are utilized in inventory management, ticket verification, patient identification in healthcare, asset tracking, and document management. The 2D barcode reader market sees substantial growth due to various factors such as the growth of the eCommerce sector and the need for timely logistics activities, the high adoption of QR codes for contact tracing and mobile marketing, and the expanding use of wearable 2D barcode scanners and their availability online. However, several challenges exist in the 2D barcode reader market, such as latency issues of 2D wireless barcode readers and availability and preference for RFID technologies, limiting the market's growth. On the other hand, various potential opportunities, including technological advancements in 2D barcode readers and private investments for factory automation worldwide, influence the market positively.
Regional Insights
In the developed markets of the United States and Canada, 2D barcode reader technology is growing due to increased usage in sectors including government, healthcare, shipping, and retail. Consumers in this region are tech-savvy and willing to invest in efficient technology, promising a vibrant future for the 2D Barcode Reader industry. Government regulatory bodies such as the U.S. Federal Trade Commission regulate barcodes and related technologies in the Americas, ensuring scanning accuracy and imposing sanctions for false advertising or misrepresentations. The Asia Pacific region, housing economic powerhouses such as China, Japan, and India, has seen an upsurge in using 2D barcode readers primarily due to the blossoming of e-commerce and digital payment systems. The large population and increased digitization drive substantial demand in this region. India and Indonesia are emerging markets for 2D Barcode readers. The requisite political support is present with numerous digital initiatives introduced by the government, such as 'Digital India,' aiming to transition to a paperless economy. Moreover, their demographic diversity and sheer size create a vast potential customer base. The increasing penetration of smartphones and government initiatives to encourage digital payment methods are fostering product reachability and awareness. The 2D Barcode reader market in the EMEA region is experiencing a significant surge, driven by market-friendly policies, technological progression, and the expanding adoption of IoT and Industry 4.0. The ongoing digital transformation in businesses across the region has stimulated the need for these devices to enhance robustness in data handling. Corporations are now embracing this technology to mitigate errors, reduce processing time, and streamline operations. In the Middle East and Africa, retail and eCommerce industry growth significantly contributes to the rise of 2D barcode reader usage. Many governments in this region, such as the UAE, are encouraging businesses to adopt digital and automated solutions. Such initiatives support the accelerated incorporation of technologies such as 2D Barcode Readers and also provide a conducive environment for the growth of relevant markets.FPNV Positioning Matrix
The FPNV Positioning Matrix is pivotal in evaluating the 2D Barcode Reader Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).Market Share Analysis
The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the 2D Barcode Reader Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.Key Company Profiles
The report delves into recent significant developments in the 2D Barcode Reader Market, highlighting leading vendors and their innovative profiles. These include Adesso Inc., Bluebird Inc., CASIO Europe GmbH, Code Corporation, Cognex Corporation, Datalogic S.p.A., DENSO Corporation, General Data Company, Inc., Honeywell International, Inc., Juniper Systems Inc., Keyence Corporation, Marson Technology Co., Ltd., NETUM, Newland Auto-ID Tech, Novanta Inc., Omron Electronics, LLC, Opticon Sensors Europe BV, RIOTEC Co., Ltd., Sato Holdings Corporation, Scandit AG, SICK AG, Toshiba Corporation, Unitech Electronics Co., Ltd., Zebex Industries Inc., and Zebra Technologies Corporation.Market Segmentation & Coverage
This research report categorizes the 2D Barcode Reader Market to forecast the revenues and analyze trends in each of the following sub-markets:- Product
- Fixed
- Handheld
- Barcode Type
- Aztec code
- Data matrix
- GS1 Composite Codes
- MaxiCode
- PDF417
- QR code
- Connectivity
- Wired
- Wireless
- End-User
- Healthcare
- Manufacturing
- Retail & Grocery
- Transportation & Logistics
- Warehouse Distribution
- Region
- Americas
- Argentina
- Brazil
- Canada
- Mexico
- United States
- California
- Florida
- Illinois
- New York
- Ohio
- Pennsylvania
- Texas
- Asia-Pacific
- Australia
- China
- India
- Indonesia
- Japan
- Malaysia
- Philippines
- Singapore
- South Korea
- Taiwan
- Thailand
- Vietnam
- Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom
- Americas
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the 2D Barcode Reader Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the 2D Barcode Reader Market?
- What are the technology trends and regulatory frameworks in the 2D Barcode Reader Market?
- What is the market share of the leading vendors in the 2D Barcode Reader Market?
- Which modes and strategic moves are suitable for entering the 2D Barcode Reader Market?
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Table of Contents
1. Preface
2. Research Methodology
4. Market Overview
5. Market Insights
6. 2D Barcode Reader Market, by Product
7. 2D Barcode Reader Market, by Barcode Type
8. 2D Barcode Reader Market, by Connectivity
9. 2D Barcode Reader Market, by End-User
10. Americas 2D Barcode Reader Market
11. Asia-Pacific 2D Barcode Reader Market
12. Europe, Middle East & Africa 2D Barcode Reader Market
13. Competitive Landscape
14. Competitive Portfolio
15. Appendix
List of Figures
List of Tables
Companies Mentioned
- Adesso Inc.
- Bluebird Inc.
- CASIO Europe GmbH
- Code Corporation
- Cognex Corporation
- Datalogic S.p.A.
- DENSO Corporation
- General Data Company, Inc.
- Honeywell International, Inc.
- Juniper Systems Inc.
- Keyence Corporation
- Marson Technology Co., Ltd.
- NETUM
- Newland Auto-ID Tech
- Novanta Inc.
- Omron Electronics, LLC
- Opticon Sensors Europe BV
- RIOTEC Co., Ltd.
- Sato Holdings Corporation
- Scandit AG
- SICK AG
- Toshiba Corporation
- Unitech Electronics Co., Ltd.
- Zebex Industries Inc.
- Zebra Technologies Corporation
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 190 |
| Published | March 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 14.94 Billion |
| Forecasted Market Value ( USD | $ 26.14 Billion |
| Compound Annual Growth Rate | 9.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 25 |
