Global Barcode Reader Industry
New Study On “2019-2025 Barcode Reader Market Global Key Player, Demand, Growth, Opportunities and Analysis Forecast” Added to Wise Guy Reports Database
A barcode reader refers to a stationery or hand-held electronic device that can be used to capture and read the information encoded in barcodes. Components of a barcode reader include a reader/scanner, a sensor, a decoder, and a cable. A reader is used to capture the barcode image. A sensor is used to detect the light which is reflected back from a barcode and a decoder is used to translate the data obtained from the barcode image and forward it to the computer via a cable. Wireless barcode scanners use the internet, WiFi, or Bluetooth to make such transfer of data to the computer.
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Key Players
Some of the distinguished barcode reader vendors include Wasp Barcode Technologies, Microscan Systems, Inc., Denso, Motorola solutions, Honeywell, Datalogic, Opticon, Zebra, Cipherlab, Adesso, Unitech Electronics Co., LTD., Argox, Fujian Newland Computer Co., Ltd, SUNLUX IOT, ZBA, Socket Mobile, IC Intracom, JADAK Technologies, Inc, COGNEX, Leuze electronic GmbH + Co. KG, and SICK.
The global barcode reader market is anticipated to grow at a fast pace over the forecast period, as per the latest Detailed Analysis Research Report. Several factors are anticipated to foster such growth including the increasing use of barcodes across various end-user industries and the capacity of a barcode to store vast amount of information such as price, quantity, image, as well as web addresses. The ability of a barcode reader to read both 1D and 2D barcodes is another reason supplementing market growth. Several businesses have started adopting the barcode system owing to the accurate and faster scans that speed up transactions while billing and other relevant operations, improving customer experiences at the same time. Further a barcode reader can read in any direction, making it easier to access items stored in odd and unreachable places. All these factors are significantly contributing to the ascension of the barcode reader market.
Market Segmentation
The global barcode market is analyzed for various segments on the basis of product type, application, and region. Based on product type, the market segments are reader type and number of axes. The reader type segment is further sub-segmented into handheld barcode reader, small drum barcode reader, and platform barcode reader. The number of axes segment is further segmented into 1D, 2D, and omnidirectional. Based on application, the market segments include supermarket, logistics express, and library.
Detailed Regional Analysis
The global barcode reader market is segmented into North America, Latin America, Asia Pacific, Europe, and the Middle East & Africa. North America and Europe both led the global barcode reader market at the beginning of the forecast period. These regions are also anticipated to retain their dominance the barcode reader market over the forecast period. This can be causative of the increasing investments in 2D barcode reader related technology by prominent companies. However, Asia Pacific is expected to grow at a significant pace owing to the high adoption of 2D barcodes by several retailers across the region.
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