Automatic Identification and Data Capture Market: Meticulous Research® Reveals Why This Market is Growing at a CAGR of 11% to Reach $115.8 Billion by 2028

November 23 04:50 2021
Automatic Identification and Data Capture Market: Meticulous Research® Reveals Why This Market is Growing at a CAGR of 11% to Reach $115.8 Billion by 2028
The Automatic Identification and Data Capture (AIDC) Market is expected to grow at a CAGR of 11% from 2021 to reach $115.8 billion by 2028.
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 2028

Automatic Identification and Data Capture (AIDC) is a term used to group together several different technologies used to automatically identify items, collect data about them, and enter that data electronically into computer systems. Many businesses handle large amounts of paper-based data, and often descriptions are transferred from paper to electronic systems and back again many times to suit different situations.

AIDC is extensively used across several end-use sectors, including transportation & logistics, retail, industrial manufacturing, banking, financial services & insurance, and healthcare. With precise identification and error-free data capturing, companies can save considerable time and capital by eliminating manual intervention and errors associated with it. Owing to the feature and benefits of AIDC technology, several end users are rapidly incorporating AIDC technology.

In addition, the spread COVID-19 pandemic further accelerated the growth of overall AIDC technology. Some prominent technologies covered under AIDC include biometrics, barcodes, radio frequency identification (RFID), smart cards, magnetic stripes, and optical character recognition (OCR).

Meticulous Research®, in its latest publication on the automatic identification and data capture market, states that the market will grow at a CAGR of 11% from 2021 to 2028 to reach $115.8 billion by 2028. In terms of volume, the global AIDC market is expected to reach 819.6 million units by 2028 growing with a CAGR of 12.2% from 2021 to 2028.

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Scope of the Report:

Automatic Identification And Data Capture Market, by Technology

  • Barcode
  • RFID
  • Biometrics
  • Smart Cards
  • Magnetic Strips
  • OCR

Automatic Identification And Data Capture Market, by Product

  • Scanner & Readers
    • Barcode Scanners
      • Pen Type Readers
      • Laser Barcode Scanners
      • CCD Barcode Scanners
      • Camera-based Scanners
    • RFID Scanners
    • Smart Card Readers
      • Contact Type
      • Contactless
    • Magnetic Strip Readers
    • Optical Character Recognition (OCR)
  • Biometric Scanners
    • Face Recognition
    • Voice Recognition
    • Finger Print Recognition
    • IRIS Recognition
  • Printer & Recorders
    • Barcode Printers
      • Dot Matrix Printers
      • InkJet Printers
      • Laser Printers
      • Thermal Printers
    • RFID Printers
    • Label Printers
    • Smart Card Printers
    • Magnetic Stripe Printers
  • Mobile Computers
  • Consumables
    • Barcode Labels
    • RFID Tags & Sticker
    • Thermal Transfer Ribbon/Foil
  • Software

Automatic Identification And Data Capture Market, by End User

  • Retail
  • Manufacturing
  • Transport & logistics
  • Banking and Financial
  • Healthcare
  • Others

Automatic Identification And Data Capture Market, by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • Japan
    • China
    • India
    • Indonesia
    • Singapore
    • Vietnam
    • Rest of Asia Pacific
  • Latin America
    • Mexico
    • Brazil
    • Rest of Latin America
  • Middle East and Africa

 

To gain more insights into the market with a detailed table of content and figures, click here : https://www.meticulousresearch.com/product/automatic-identification-and-data-capture-market-5056

 

The growth of the global automatic identification and data capture market is mainly attributed to the increasing need for AIDC technology to eliminate manual data entry & associated errors, growing government legislation on the usage of AIDC technology, consistently expanding e-commerce industry along with increasing acceptance for online shopping, and technological advancements in the AIDC technologies. Furthermore, emerging economies and diversified incorporation of AIDC systems across the healthcare sector offer new growth opportunities for the market.

To provide efficient analysis, Meticulous Research® has segmented this market based on technology (barcode, RFID, biometrics, and smart cards), product (scanner, printer, biometric scanner, mobile computers, consumables, and software), end-user (transportation & logistics, healthcare, banking and financial, manufacturing, and retail), and geography (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa).

Geographically, Asia-Pacific is expected to command the largest share of automatic identification and data capture in 2021. The Asia-Pacific is expected to continue dominance through the forecast period in the global automatic identification and data capture market due to the easy availability of AIDC technology-enabled devices, increasing awareness, and high adoption of AIDC devices. Furthermore, increasing government legislative & investments, particularly in retail, healthcare, and manufacturing industries, and the presence of automatic identification and data capture technology companies and their revolutionary forthcoming product appearances are also expected to support the market growth for automatic identification and data capture technologies.

In terms of end user, the transportation & logistics segment is expected to account for the largest share of the overall automatic identification and data capture market in 2021. Consistently growing e-commerce and a high degree of AIDC technology for logistic applications are attributed to the high growth of the transportation and logistics segment. However, the incorporation of advanced AIDC technologies for better healthcare services and reduced operational errors is expected to help the healthcare segment grow at the highest CAGR throughout the forecast period.

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The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence. Some of the key AIDC market players operating in the market are B.O.S. Better Online Solutions Ltd. (Israel), TSC Auto ID Technology Co. Ltd. (Taiwan), Epson America, Inc. (U.S.), Avery Dennison Corporation (U.S.), Alien Technology Corporation (U.S.), Newland EMEA (Netherlands), Seagull Scientific, Inc. (U.S.), Zebra Technologies Corporation (U.S.), Honeywell International Inc. (U.S.), Datalogic S.P.A (Italy), Bluebird Inc. (South Korea), Godex International (Taiwan), Code Corporation (U.S.), Toshiba Tec Corporation (Japan), SATO Holdings Corporation (Japan), JADAK (U.S.), Cognex Corporation (U.S.), Axicon Auto Id Ltd. (U.K.), Omron Microscan Systems, Inc. (U.S.), Unitech Electronics Co. Ltd. (Taiwan), Opticon Sensors Europe B.V. (Netherlands), Impinj, Inc. (U.S.), Cardlogix Corporation (U.S.), NEC Corporation (Japan), Winmate, Inc. (Taiwan), Fujitsu Ltd. (Japan), HID Global Corporation (U.S.), BioRugged (South Africa), Aratek (Taiwan), Suprema, Inc. (South Korea), Thales Group (Gemalto NV) (France), Integrated Biometrics LLC (U.S.), Iris ID, Inc. (U.S.), and IDEMIA (France).

Amidst this crisis, Meticulous Research® is continuously assessing the impact of COVID-19 pandemic on various sub-markets and enables global organizations to strategize for the post-COVID-19 world and sustain their growth. Let us know if you would like to assess the impact of COVID-19 on any industry here-https://www.meticulousresearch.com/custom-research

About Meticulous Research®

Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.

The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

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