Published on 18 Nov 2020:

Meticulous Research®– a leading global market research company published a research report titled Automatic Identification and Data Capture Market by Technology (Barcode, RFID, Biometrics, and Smart cards), Product (Scanner, Mobile Computers, and Software), End-User (Logistics, Healthcare, BFSI, Manufacturing, and Retail)- Global Forecast to 2027.”

According to this latest publication from Meticulous Research®, the automatic identification and data capture (AIDC) market is expected to grow at a CAGR of 9.8% from 2020 to reach USD 103.47 billion by 2027. Technological advancements and surging penetration of AIDC applications across the retail, transportation & logistics, manufacturing, BFSI, and healthcare devices markets are the major factors driving this market.

The growing security concerns have augmented the adoption of voice, fingerprint, and facial biometric technologies among different enterprises and government & public sectors, which, in turn, is supporting the overall growth of the AIDC market. In August 2019, Zebra Technologies Corporation renewed its partnership with NFL, extending its role as the league’s official on-field player-tracking provider through the 2021 season. However, the lack of connectivity infrastructure and limited exposure to advanced technologies are some of the major factors that may hamper this market's growth.

The automatic identification and data capture market present historical market data (2018 & 2019), estimated current data (2020), and forecasts for 2027. The market is segmented based on technology, product, end-user, and geography. The study also evaluates industry competitors and analyzes the market at the country level.

Based on technology, the AIDC market is segmented into barcodes, RFID, biometrics, smart cards, and magnetic stripe. The biometrics segment is estimated to account for the largest share of the overall automatic identification and data capture market in 2020. The large share of this segment is mainly attributed to the increasing demand for biometric devices, particularly in BFSI, security, healthcare, and transport & logistics. The growing need for contactless biometric devices due to the COVID-19 pandemic accelerates the demand for biometric devices and contributes to the fastest growth of biometric technology in the automatic identification and data capture market.

Based on product, the AIDC market is segmented into scanners & readers, printers & recorders, biometric scanners, mobile computers, consumables, and software. In 2020, the biometric scanners segment is poised to account for the largest share of the market. This is mainly attributed to the technological advancements, increasing demand for biometric technologies & their integration in several scanners, and increasing adoption rate across various industry verticals. The demand for contactless identification, such as face recognition, iris scanner, and voice recognition, is expected to gain momentum amid the COVID-19 pandemic.

Based on end user, the AIDC market is segmented into transportation & logistics, healthcare, banking and financial, manufacturing, retail, and others. In 2020, the transportation & logistics sector is expected to account for the largest share of the market. On the other hand, the healthcare sector is anticipated to grow at the highest CAGR. In this sector, AIDC devices enhance patient safety, manage surgical instruments & their location, and support staff and patient workflow. They also assist in real-time visibility into inventory, authenticate quality & sterilization processes, and supply chain management.

Check the complete table of contents with a list of tables and figures: https://www.meticulousresearch.com/product/automatic-identification-and-data-capture-market-5056/

Geographic Review:

Geographically, the AIDC market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The Asia-Pacific region is estimated to account for the largest share of the automatic identification and data capture market in 2020. The large share of this region is attributed to the wide acceptance of advanced technologies and increasing government investments for security, particularly for the BFSI, healthcare, and retail industries.

Key Players:

The key players operating in the automatic identification and data capture market are Zebra Technologies Corporation (U.S.), Honeywell International Inc. (U.S.), Newland EMEA (Netherlands), Epson America, Inc. (U.S.), Seagull Scientific, Inc. (U.S.), NEC Corporation (Japan), Datalogic S.P.A. (Italy), Alien Technologies Corporation (U.S.), SATO Worldwide (Japan), Toshiba Tec Corporation (Japan), Microscan System, Inc. (U.S.), Jadak (U.S.), B.O.S. Better Online Solutions Ltd. (Israel), Unitech Electronics Co. Ltd. (Taiwan), TSC Auto Id Technology Co. Ltd. (Taiwan), Cognex Corporation (U.S.), Opticon (Netherlands), Code Corporation (U.S.), Bluebird Inc. (South Korea), Avery Dennison Corporation (U.S.), Godex International (Taiwan), Cardlogix Corporation (U.S.), Impinj, Inc. (U.S.), and Axicon Auto ID Ltd (U.K.), among others.

Key questions answered in the report-

  • Which are the high growth market segments in terms of technology, product offering, end user, and countries?
  • What was the historical market for automatic identification and data capture devices across the globe?
  • What are the market forecasts and estimates for the period 2020-2027?
  • What are the major drivers, restraints, and opportunities in the automatic identification and data capture market?
  • Who are the major players in the automatic identification and data capture market?
  • How the competitive landscape in the automatic identification and data capture market?
  • What are the recent developments in the automatic identification and data capture market?
  • What are the different strategies adopted by the major players in the automatic identification and data capture market?
  • What are the key geographic trends and which are the high growth countries?

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