Overview and Scope
Automatic identification and data capture refer to a technologically advanced method that instantly recognizes the items, gathers the pertinent information, and then stores and inputs the information into computer systems.
Sizing and Forecast
The automatic identification and data capture market size has grown rapidly in recent years. It will grow from $58.88 billion in 2023 to $67.38 billion in 2024 at a compound annual growth rate (CAGR) of 14.4%. The growth in the historic period can be attributed to manufacturing process automation, retail industry transformation, healthcare patient safety, advancements in mobile computing, increased focus on data accuracy, asset tracking and management, cost reduction in data entry..
The automatic identification and data capture market size is expected to see rapid growth in the next few years. It will grow to $119.33 billion in 2028 at a compound annual growth rate (CAGR) of 15.4%. The growth in the forecast period can be attributed to rapid growth of online retail, globalization and cross-border trade, smart cities and public services, growing adoption of voice recognition, industry 4.0 and smart manufacturing, healthcare patient data management.. Major trends in the forecast period include rfid technology, mobile aidc solutions, advancements in ocr technology, blockchain for data security, contactless and hands-free solutions, cross-industry collaboration, iot integration..
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Segmentation & Regional Insights
The automatic identification and data capture market covered in this report is segmented –
1) By Offering: Hardware, Solutions, Services
2) By Product: Scanner And Readers, Biometric Scanners, Printer And Recorders, Other Products:
3) By Technology: Biometrics, Radio Frequency Identification (RFID), Smart Cards, Optical Character Recognition (OCR), Other Technologies
4) By Industry Vertical: BFSI, Manufacturing, Retail, Transportation And Logistics, Hospitality, Healthcare, Government, Other Industries
Top Major Players
Honeywell International Inc.
Zebra Technologies Corporation
Datalogic SpA
Cognex Corporation
Sick AG
Asia-Pacific was the largest region in the automatic identification and data capture market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global automatic identification and data capture market share during the forecast period. The regions covered in the automatic identification and data capture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
The rise in the utilization of smartphones for image recognition is expected to propel the growth of the automatic identification and data capture market. Smartphones are equipped with technologies that identify anything valuable to customers and businesses, including people, buildings, locations, logos, and other items. The utilization of smartphones for image recognition can enhance automatic identification for improved data security and data collection and analysis. For instance, according to a report published by The GSM Association, a UK-based trade association that advocates for mobile network operators globally, mobile service subscribers rose to 5.5 billion in 2022. That percentage is anticipated to reach 70% by 2025. Thus, the rise in the utilization of smartphones for image recognition will drive the automatic identification and data capture market.
Key Industry Players
Major companies operating in the automatic identification and data capture market report are Honeywell International Inc., Zebra Technologies Corporation, Datalogic SpA, Cognex Corporation, Sick AG, Panasonic Holdings Corporation, TSC Auto ID Technology Co. Ltd., Alien Technology Corporation, Bluebird Inc., CardLogix Corporation, Impinj Inc., Opticon Sensors Europe BV, Avery Dennison Corporation, Newland EMEA, Seagull Scientific Inc., Brady Corporation, Axicon Auto ID Limited, OMRON Corporation, Unitech Electronics Co. Ltd., NXP Semiconductors N.V., Synaptics Incorporated, Thales Group, Toshiba Corporation, NEC Corporation, B.O.S. Better Online Solutions LTD., Barco NV, Casio Computer Co.Ltd., CipherLab Co.Ltd., Denso Wave Incorporated, Epson America Inc., Fujitsu Limited
The automatic identification and data capture market report table of contents includes:
1. Executive Summary
2. Automatic Identification And Data Capture Market Characteristics
3. Automatic Identification And Data Capture Market Trends And Strategies
4. Automatic Identification And Data Capture Market – Macro Economic Scenario
5. Global Automatic Identification And Data Capture Market Size and Growth
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31. Global Automatic Identification And Data Capture Market Competitive Benchmarking
32. Global Automatic Identification And Data Capture Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Automatic Identification And Data Capture Market
34. Automatic Identification And Data Capture Market Future Outlook and Potential Analysis
35. Appendix
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