Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Market Overview

A barcode scanner is an electronic device used to read information encrypted in the form of coded bar lines on the computer. Generally, it is used to capture the information marked on the product. In general, all barcode readers have circuitry analyzing provided by sensors. Barcode scanners consist of a light source and sensors that capture the encrypted information. 2D barcode scanners are the most popular and fast-moving barcode scanners in the market. Different technologies are used in barcode scanners including laser scanners, pent-type scanners, camera-based readers, and charge-coupled devices (CCD).

The global Barcode Scanners Market was accounted for US$ 5,960.1 Mn in terms of value and 234,51329.4 in terms of volume  in 2019 and is expected to grow at CAGR of 7.6% for the period 2020-2027.

Market Dynamics- Drivers

  1. Increasing use of barcode scanners in the healthcare sector is expected to drive growth of the global barcode scanners market during the forecast period

Barcode scanners are being increasingly used in different aspects of the healthcare industry. With barcode scanners, tracking exact patient records has become sophisticated with the rectification of every possible error and reducing drug-related mistakes during a patient’s hospital stay. Moreover, according to IMNA, around 51% of medication errors can be rectified using barcode scanners technology. According to the U.S. Food and Drug Administration (FDA), there is a National Drug Code, which is a 10 digit identification number issued to every drug so that the related drug information can be easily captured and stored. Thus, these factors are expected to drive growth of the global barcode scanners market during the forecast period.

  1. Rising preference for retail and manufacturing industry is expected to propel the global barcode scanners market growth over the forecast period

Barcode scanners are being rapidly adopted in retail and manufacturing industries. It has become one of the best solutions for product information capturing. Barcode imprinted on labels help to record information regarding product count, date of manufacturing, date of expiry for perishable products, selling price, date on which the product was supplied to retailer, etc. Major retailers such as Walmart, Costco, Carrefour, and IKEA put barcodes on all their products. This, in turn, is expected to propel the market growth over the forecast period.

Statistics:

Asia Pacific held dominant position in the global Barcode Scanners market in 2019, accounting for 38.2% share in terms of value, followed by Europe and Asia Pacific, respectively

Figure 1: Global Barcode Scanners Market Share (%) in terms of Value, By Region, 2019

Barcode Scanners  | Coherent Market Insights

Barcode Scanners Market - Impact of Coronavirus (Covid-19) Pandemic

Many countries around the globe such as India, Spain and Italy have imposed nationwide lockdown. For Instance, India have imposed lockdown from 25 March to 1 June till the further notice. In this lockdown retail shops and Cinema halls in the malls will remain closed. The barcode scanners are widely used in the retail shops and Cinema halls.  Moreover in India, the manufacturing facilities have to be operated in limited manpower. Owing to mentioned factors the COVID-19 is expected to restrain the growth of the market during the year 2020. 

Market Dynamics- Restraints

  1. Rising threat of RFID tags as a substitute is expected to restrain growth of the global barcode scanners market during the forecast period

Necessary information can be retrieved from barcode though new data cannot be fed into them. In such situations, radio frequency identification (RFID) tags are being adopted. RFID tags are similar to barcodes except information can both be retrieved and stored. Data can be fetched from RFID tags, provided the tag is present within the scanning radius of a radio scanner that does not require a straight line of sight as barcode scanners do. Moreover, RFID tags are implemented in inventory department of logistics and manufacturing units. These factors are expected to restrain growth of the market during the forecast period.

  1. High capital investments of the barcode are expected to hinder the global barcode scanners market growth over the forecast period

Different types of barcode scanners are available in the market to include 1D barcode scanners and 2D barcode scanners. However, the major challenge behind adoption of barcode scanners is high capital investment. Compared to 1D barcode scanners, advanced 2D barcode scanners require higher capital investment. This poses a significant challenge to most end-users, particularly in emerging economies. Thus, these factors are expected to hinder the global barcode scanners market growth in the near future.

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Barcode Scanners Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: USD 5,960.1 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 7.6% 2027 Value Projection: USD 10,765.6 Mn
Geographies covered (27):
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, Rest of Asia Pacific
  • Middle East and Africa: South Africa, North Africa, Central Africa
Segments covered:
  • By Product Type: Portable/handheld (Rugged scanners, PDA scanners, Automatic readers and Others) and Fixed Position (Stationary scanners, Presentation scanners, Automatic readers and Others)
  • By End-Use: Retail & Commercial, General Manufacturing, Healthcare, Logistics & Warehouse, Commercial Aviation, Defense and Others)
  • By Technology: Pen type Reader, Laser Scanner, CCD (Charge Coupled Device) Readers. Camera Based Reader, Omni directional barcode Scanner, Smartphone based Scanner and RFID (Radio Frequency Identification)Technology
Companies covered (8):

JC Square Inc., Zebra Technologies Corporation, Toshiba TEC Corporation, Honeywell International Inc., Wasp Barcode Technologies, Cognex Corporation, Scandit AG, and SATO Holdings Corporation.

Growth Drivers:
  • Increasing use of barcode scanners in the healthcare sector
  • Rising preference for retail and manufacturing industry
Restraints & Challenges:
  • Rising threat of RFID tags as a substitute

Market Opportunities

  1. Implementation of barcode business to maintain assets can provide lucrative business opportunities

Businesses both SMEs and large multi-national conglomerates are both fixed assets and IT assets. It includes laptops, personal computers, office furnishings, and other required peripherals. The work of the asset management staff can be made easier if barcoding is implemented within the business. After the implementation of barcodes, all assets issued to employers are barcoded, scanned, and recorded. Although barcodes are being adopted in large enterprises, its adoption is still low and medium-scale businesses. Major companies can capitalize on these opportunities and gain a competitive edge in the market.

  1. Advent of products with low-cost and high reading distance ability can offer major opportunities

Market players, specifically involved in the manufacturing of barcode scanners, can capitalize on the opportunity to supply good quality products at lower costs with high reading distance. Since barcode scanners are used in multiple industries, especially in logistics and warehouse, capturing information from a long distance is very useful for time management and increasing effective business.

Figure 2: Global Barcode Scanners Market Value (US$ Mn), 2016 - 2027

Barcode Scanners  | Coherent Market Insights

The global Barcode Scanners market was valued at US$ 5,960.1 Mn in 2019 and is forecast to reach a value of US$ 10,765.6 Mn by 2027 at a CAGR of 7.6% between 2020 and 2027.

Market Trends

  1. Major shift from handheld laser scanning to imaging solutions

Barcode scanners are being adopted in almost all industries. 1D barcode scanners are linear images based laser scanning devices that are used to capture the information stored in barcodes. Industries are shifting to the new 2D barcode scanners image solutions can capture 2-dimensional information as well as can scan QR codes. As a result of this, major manufacturers are focused on development of new and enhanced 2D barcode products.

  1. Rising production capacity and inorganic strategies

Major companies in the market are focused on both organic and inorganic strategies, in order to expand product portfolio and gain a competitive edge in the market. For instance, in August 2016, Honeywell International Inc. introduced a new industrial-use barcode and label printer model, PM42, in the Middle East and India in order to help local businesses integrate printers with their network systems seamlessly, with an added feature of LCD color display supporting nine languages. Moreover, in August 2015, Zebra Technologies acquired ITR Mobility and its division factor, the software development division of ITR Group, Inc.

Competitive Section

Major companies involved in the global barcode scanners market are JC Square Inc., Zebra Technologies Corporation, Toshiba TEC Corporation, Honeywell International Inc., Wasp Barcode Technologies, Cognex Corporation, Scandit AG, and SATO Holdings Corporation.

Key Developments

  1. Key players in the market are focused on product launches, in order to gain a competitive edge in the market. For instance, in February 2017, Datalogic introduced Power Scan9500 2D image series-Barcode Scanner, especially for the retail marketplace.
  2. Major market players are involved in product development, in order to enhance the product portfolio. For instance, in March 2017, Zebra Technologies Corp. launched 2D barcode scanners, namely DS2200, DS8100 series, and TC5-series mobile computers available across APAC.

A barcode scanner is an electronic device used to read information encrypted in the form of coded bar lines on the computer. Generally, it is used to capture the information marked on the product. In general, all barcode readers have circuitry analyzing provided by sensors. Barcode scanners consist of a light source and sensors that capture the encrypted information. 2D barcode scanners are the most popular and fast-moving barcode scanners in the market. Different technologies are used in barcode scanners including laser scanners, pent-type scanners, camera-based readers, and charge-coupled devices (CCD).

Market Dynamics

Barcode scanners are being increasingly used in different aspects of the healthcare industry. With barcode scanners, tracking exact patient records has become sophisticated with the rectification of every possible error and reducing drug-related mistakes during a patient’s hospital stay. Moreover, according to IMNA, around 51% of medication errors can be rectified using barcode scanners technology. According to the U.S. Food and Drug Administration (FDA), there is a National Drug Code, which is a 10 digit identification number issued to every drug so that the related drug information can be easily captured and stored. Thus, these factors are expected to drive growth of the global barcode scanners market during the forecast period. Barcode scanners are being rapidly adopted in retail and manufacturing industries. It has become one of the best solutions for product information capturing. Barcode imprinted on labels help to record information regarding product count, date of manufacturing, date of expiry for perishable products, selling price, date on which the product was supplied to retailer, etc. Major retailers such as Walmart, Costco, Carrefour, and IKEA put barcodes on all their products. This, in turn, is expected to propel the market growth over the forecast period.

Market Taxonomy

This report segments the Global Barcode Scanners Market on the basis of Product Type, End-Use, Technology and Region. On the basis of Product Type, Global Barcode Scanners Market is segmented into Portable/handheld (Rugged scanners, PDA scanners, Automatic readers and Others) and Fixed Position (Stationary scanners, Presentation scanners, Automatic readers and Others. On the basis of End-Use, the Global Barcode Scanners Market is segmented into Retail & Commercial, General Manufacturing, Healthcare, Logistics & Warehouse, Commercial Aviation, Defense and Others. On the basis of Technology, the Global Barcode Scanners Market is segmented into Pen type Reader, Laser Scanner, CCD (Charge Coupled Device) Readers. Camera Based Reader, Omni directional barcode Scanner, Smartphone based Scanner and RFID (Radio Frequency Identification)Technology. On the basis of region, Global Barcode Scanners Market is segmented into North America, Latin America, Europe, Asia pacific, Middle East and Africa.

Key features of the study:

  • This report provides an in-depth analysis of the Global Barcode Scanners Market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020-2027), considering 2019 as the base year
  • It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global Barcode Scanners Market based on the following parameters – regulatory landscape, company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered in the Global Barcode Scanners Market includes JC Square Inc., Zebra Technologies Corporation, Toshiba TEC Corporation, Honeywell International Inc., Wasp Barcode Technologies, Cognex Corporation, Scandit AG, and SATO Holdings Corporation.
  • These key market players are focusing on collaboration strategy with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology up gradation, market expansion, and marketing tactics
  • The global Barcode Scanners market report caters to various stakeholders in this industry including investors, suppliers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the Global Barcode Scanners Market

Detailed Segmentation:

  • Global Barcode Scanners Market, By Product Type:
    • Portable/handheld
      • Rugged scanners
      • PDA scanners
      • Automatic readers
      • Others
    • Fixed Position
      • Stationary scanners
      • Presentation scanners
      • Automatic readers
      • Others
  • Global Barcode Scanners Market, By End-Use:
    • Retail & Commercial
    • General Manufacturing
    • Healthcare
    • Logistics & Warehouse
    • Commercial Aviation
    • Defense
    • Others
  • Global Barcode Scanners Market, By Technology:
    • Pen type Reader
    • Laser Scanner
    • CCD (Charge Coupled Device) Readers
    • Camera Based Reader
    • Omni directional barcode Scanner
    • Smartphone based Scanner
    • RFID (Radio Frequency Identification)Technology
  • Global Barcode Scanners Market, By Region:
    • North America
    • Latin America
    • Europe
    • Asia Pacific
    • Middle East and Africa
  • Company Profiles
    • Cognex Corporation
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Honeywell International Inc.
    • JC Square Inc.
    • SATO Holdings Corporation.
    • Scandit AG
    • Toshiba TEC Corporation
    • Wasp Barcode Technologies
    • Zebra Technologies Corporation

Browse all the market data tables and figures on “Global Barcode Scanners Market - Forecast to 2027”

Table of Contents

  1. Research Objectives and Assumptions
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, BY Product Type
      • Market Snippet, By End-Use
      • Market Snippet, BY Technology
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Regulatory Scenario
    • End-Use Trend
    • Merger and Acquisitions
    • New system Launch/Approvals
  4. Global Barcode Scanners Market, BY Product Type, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Product Type Trends
    • Portable/handheld
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
        • Rugged scanners
        • PDA scanners
        • Automatic readers
        • Others
    • Fixed Position
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
        • Stationary scanners
        • Presentation scanners
        • Automatic readers
        • Others
  5. Global Barcode Scanners Market, By End-Use, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Product Type Trends
    • Retail & Commercial
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • General Manufacturing
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Healthcare
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Logistics & Warehouse
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Commercial Aviation
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Defense
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
  6. Global Barcode Scanners Market, By Technology, 2017-2027 (US$ Million)
    • Introduction
      • Market Share Analysis, 2017 and 2027 (%)
      • Product Type Trends
    • Pen type Reader
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Laser Scanner
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • CCD (Charge Coupled Device) Readers
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Camera Based Reader
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Omni directional barcode Scanner
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • Smartphone based Scanner
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • CCD (Charge Coupled Device) Readers
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
    • RFID (Radio Frequency Identification)Technology
      • Introduction
      • Market Size and Forecast, 2020–2027, (US$ Million)
  7. Global Barcode Scanners Market, By Region, 2017-2027  (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2017 and 2027 (%)
    • North America
      • Regional Trends
      • Market Size and Forecast, Product Type, 2020–2027(US$ Million)
      • Market Size and Forecast, By End-Use, 2020–2027 (US$ Million)
      • Market Size and Forecast, Technology, 2020–2027(US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.S.
        • Canada
    • Europe
      • Regional Trends
      • Market Size and Forecast, Product Type, 2020–2027(US$ Million)
      • Market Size and Forecast, By End-Use, 2020–2027 (US$ Million)
      • Market Size and Forecast, Technology, 2020–2027(US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • U.K.
        • Germany
        • Italy
        • France
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Regional Trends
      • Market Size and Forecast, Product Type, 2020–2027(US$ Million)
      • Market Size and Forecast, By End-Use, 2020–2027 (US$ Million)
      • Market Size and Forecast, Technology, 2020–2027(US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Regional Trends
      • Market Size and Forecast, Product Type, 2020–2027(US$ Million)
      • Market Size and Forecast, By End-Use, 2020–2027 (US$ Million)
      • Market Size and Forecast, Technology, 2020–2027(US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Middle East and Africa
      • Regional Trends
      • Market Size and Forecast, Product Type, 2020–2027(US$ Million)
      • Market Size and Forecast, By End-Use, 2020–2027 (US$ Million)
      • Market Size and Forecast, Technology, 2020–2027(US$ Million)
      • Market Share Analysis, By Country, 2019 and 2027 (%)
        • GCC Countries
        • South Africa
        • Rest of the Middle East and Africa
  8. Competitive Landscape
    • Company Profiles
      • Cognex Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Honeywell International Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • JC Square Inc.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • SATO Holdings Corporation.
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Scandit AG
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Toshiba TEC Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Wasp Barcode Technologies
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
      • Zebra Technologies Corporation
        • Company Overview
        • Product Portfolio
        • Financial Performance
        • Key Strategies
        • Recent Developments/Updates
  9. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse market data tables and figures on “Global Barcode Scanners Market -forecast to 2027”.

Frequently Asked Questions

The global market for Barcode Scanners is expected to reach USD 7,524.9 Million by 2022.
Increasing use of barcode scanners in the healthcare sector is expected to drive growth of the global barcode scanners market during the forecast period
Portable/Handheld sub-segment holds the largest market share among By Product segment contributing 82.2% market share in terms of value in 2019.
Asia Pacific region hold the largest share in the global Barcode Scanners market in 2019, accounting for 38.2% share in terms of value.
Key players operating in the global Barcode Scanners market are JC Square Inc., Zebra Technologies Corporation, Toshiba TEC Corporation, Honeywell International Inc., Wasp Barcode Technologies, Cognex Corporation, Scandit AG, and SATO Holdings Corporation.
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