According to IMARC Group’s latest report, titled “Automatic Identification and Data Capture (AIDC) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global automatic identification and data capture (AIDC) market size reached US$ 43.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 95.8 Billion by 2027, exhibiting a CAGR of 14.15% during 2022-2027. Automatic identification and data capture (AIDC) is the process of obtaining external data, particularly through the analysis of sounds, images, or videos. It automatically identifies objects, collects data, and enters them directly into the computer without human intervention. The stored information is then compared with other files to provide access to a secured system. The technologies used to capture and identify data include quick response (QR) codes, radio frequency identification (RFID), bar codes, biometrics, magnetic stripes, voice recognition, smart cards, and optical character recognition (OCR). These tools help perform various tasks, such as data encoding, inventory management, machine scanning and data decoding, and security and workflow management.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Trends and Drivers:
Governments of various nations are actively working to promote advanced AIDC solutions for data security, which represents one of the primary factors driving the market growth. Moreover, rapid automation across industries and the rising consumer awareness regarding the use of advanced AIDC systems for data security are bolstering the market growth. Apart from this, the increasing use of the solution in the healthcare sector for enhanced operational efficiency and accurate capturing of data is accelerating automatic identification and data capture (AIDC) market growth. Other factors, such as significant technological advancements in RFID systems and increasing investments in research and development (R&D) activities by key players, are boosting the market growth.
Automatic Identification and Data Capture (AIDC) Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the automatic identification and data capture (AIDC) market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Alien Technology LLC
- Cognex Corporation
- Datalogic S.p.A. (Hydra SpA)
- Epson America Inc. (Seiko Epson Corporation)
- Godex International Co Ltd.
- Honeywell International Inc.
- NEC Corporation
- NXP Semiconductors N.V.
- Sato Holdings Corporation
- Sick AG
- Synaptics Incorporated
- Toshiba TEC Corporation
- TSC Auto ID Technology Co. Ltd.
- Zebra Technologies Corporation
Key Market Segmentation:
The report has segmented the global automatic identification and data capture (AIDC) market on the basis of offering, product type, vertical and region.
Breakup by Offering:
Breakup by Product Type:
- Barcode Scanners
- Magnetic Stripe Cards
- Smart Cards
- Optical Character Recognition (OCR) Systems
- RFID Products
- Biometric Systems
Breakup by Vertical:
- Transportation and Logistics
- Banking and Finance
Breakup by Region:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
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