Global 2D Barcode Market Size and Forecast 2024-2033

Overview and Scope

The 2D (two-dimensional) barcode is a graphical image that stores information horizontally and vertically. The 2D barcode reader is used to scan the pictures of both 1D and 2D barcodes. The 2D barcode reader, also known as an area imager, involves the optimization of images for contrast and then decoding them to extract information from the barcode. This increases the efficiency of the business by minimizing the time required to interpret the information about the products and services. 2D barcode readers are being used in various industries as they are accomplished at storing data related to products and services.

Sizing and Forecast

The 2d barcode reader market size has grown strongly in recent years. It will grow from $6.85 billion in 2023 to $7.33 billion in 2024 at a compound annual growth rate (CAGR) of 7.0%. The growth in the historic period can be attributed to strong economic growth in emerging markets, growth in world population and increasing use of barcode scanners in healthcare.

The 2d barcode reader market size is expected to see strong growth in the next few years. It will grow to $9.76 billion in 2028 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to global population growth and urbanization, rapid growth in ecommerce, rising spend on leisure, increasing retail penetration, increasing internet penetration and smartphone usage and growing preference for contactless delivery solutions. Major trends in the forecast period include adopting high-speed, omnidirectional readers, introducing next generation of barcode scanners, focus on technologically advanced reader systems, leverage ai-empowered reader systems and develop barcode scanners for web.

Order your report now for swift delivery, visit the link:

https://www.thebusinessresearchcompany.com/report/2d-barcode-reader-global-market-report

Segmentation & Regional Insights

The 2d barcode reader market covered in this report is segmented –

1) By Reader Type: Cord, Cordless

2) By Application: Warehousing, Logistics, E-Commerce, Factory Automation, Brick and Mortar

3) By End User: Retail, Hospitality, Transportation and logistics, Manufacturing, Healthcare, Others End Users

Asia-Pacific was the largest region in the 2D Barcode Reader market in 2023. The regions covered in the 2d barcode reader market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Intrigued to explore the contents? Secure your hands-on a free sample copy of the report:

https://www.thebusinessresearchcompany.com/sample.aspx?id=5694&type=smp

Major Driver Impacting Market Growth

The increase in demand in the e-commerce and logistics sectors is expected to propel the growth of the 2D barcode reader market over the coming years. The growing incidence of online shopping is considered one of the driving factors for the growth in the e-commerce and logistics sectors, leading to the deployment of more distribution centers and warehouses and driving the 2D barcode reader industry. The Indian market for e-commerce increased by 36% in 2020 and is expected to reach up to USD 111 billion by 2024, leading to the increasing growth rate of the 2D barcode reader market as well. Therefore, the growing e-commerce and logistics industries drive the 2D barcode reader market.

Key Industry Players

Major companies operating in the 2d barcode reader market report are Honeywell International, Inc., Omron Corporation, Keyence Corporation, Cognex Corporation, Datalogic S.p.A., Zebra Technologies Corp., Zebex Industries Inc., Sick AG, Denso Wave Incorporated, Opticon Inc, General Data Co, Unitech Electronics Co. Ltd., Wasp Barcode Technologies, Tencent, Alibaba, INSPIRY, SUNLUX IOT, MINDEO, Argox, CipherLab, Casio Computer Co. Ltd., Denso Corporation, JADAK – A Novanta Company, Juniper Systems Inc., Marson Technology Co. Ltd., Scandit, Sato Holdings Corporation, Jadak, Pooyeh International Networks, BlueStar

The 2d barcode reader market report table of contents includes:

Executive Summary
2D Barcode Reader Market Characteristics
2D Barcode Reader Market Trends And Strategies
2D Barcode Reader Market – Macro Economic Scenario
Global 2D Barcode Reader Market Size and Growth
2D Barcode Reader Market Segmentation
2D Barcode Reader Market Regional And Country Analysis

……………

Key Mergers And Acquisitions In The 2D Barcode Reader Market
2D Barcode Reader Market Future Outlook and Potential Analysis
Appendix

List Of Tables:

Table 1: Global Historic Market Growth, 2018-2023, $ Billion

Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion

Table 3: Global 2D Barcode Reader Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 4: Global 2D Barcode Reader Market, Segmentation By Reader Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

Table 5: Global 2D Barcode Reader Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

……………

Table 75: Honeywell International Inc. Financial Performance

Table 76: Omron Corporation Financial Performance

Table 77: Keyence Corporation Financial Performance

Table 78: Cognex Corporation Financial Performance

Table 79: Datalogic S.p.A. Financial Performance

Explore the trending research reports from TBRC:

https://goodprnews.com/leather-and-allied-products-market-size/

https://topprnews.com/meat-poultry-and-seafood-market-2/

Learn About Us:

The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.

Contact Us:

The Business Research Company

Europe: +44 207 1930 708

Asia: +91 88972 63534

Americas: +1 315 623 0293

Email: info@tbrc.info

Follow Us On:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

Twitter: https://twitter.com/tbrc_info

Facebook: https://www.facebook.com/TheBusinessResearchCompany

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Blog: https://blog.tbrc.info/