2D Barcode Reader Global Market Size, Share, Trends, By Product Type, By Application, Opportunity Analysis and Industry Forecast, 2023-2032 | Casio Computer Co., Ltd., Cognex Corporation, Datalogic S.p.A., Honeywell International, Inc., General Data Co., Inc.,

2D Barcode Reader Market

The 2D Barcode Reader Global Market Report 2023 by The Business Research Company, provides 2d barcode reader market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.

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According to The Business Research Company’s 2D Barcode Reader Global Market Report 2023, the market size is expected to grow from $6.35 billion in 2022 to $6.87 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, causing inflation across goods and services and affecting many markets across the globe. The global 2D barcode reader market size report is expected to grow to $9.31 billion in 2027 at a CAGR of 7.9%.

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 as one of the driving factors for the growth in the e-commerce and logistics sectors, leading to the deployment of more distribution centres and warehouses and driving the 2D barcode reader industry.

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The 2d barcode reader market is segmented:

1) By Type: Fixed, Portable

2) By Reader Type: Cord, Cordless

3) By Application: Warehousing, Logistics, E-Commerce, Factory Automation

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

The development of technologically advanced reader systems across the market is a key trend gaining popularity in the 2D barcode reader market. The various technologically advanced barcode readers implemented across the market are comprised of QR codes, Data Matrix, PDF417, Aztech 2D, machine vision, digital image scanning, RFID, decoding technology, etc. Many companies operating 2D barcode readers are adopting RFID technology. For instance, in December 2021, Denso Wave launched an SP1 scanner with an autopilot function. It is an advancement to the RFID scanner which enables smart devices to turn into high-speed UHF RFID scanners. The addition of autopilot functionality to the RFID scanner allows the scanning to be operated with doubled speed and manage more complex data as well. Furthermore, RGID tags and Near Field Communication (NFC) technology are popular, so demand for 2D barcode scanners is expected to rise.

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