Automatic Identification and Data Capture (AIDC) Market by Technology (Barcode, RFID, Biometrics, Smart card), Product (Scanners, Printers, Mobile Computers), End-User (Transportation, Logistics, Healthcare, BFSI, Manufacturing, Retail) – Global Forecast to 2025
Pune, India – January 14, 2020 /MarketersMedia/ —
The AIDC technologies are broadly recognized as a low-cost and time-saving devices that automatically & precisely record and store information for various purposes, including access management, inventory management, supply chain and product tracking and tracing, and workforce management, among others. It is widely used among different industries, such as retail & e-commerce, manufacturing, transportation & logistic, government & public service, healthcare, sports, and hospitality.
At present, the AIDC technologies such as barcode, RFID, biometrics, smart card, and optical character recognition are extensively used across several applications in numerous industries; and the trend is expected to upsurge swiftly over the coming years with massive adoption of advanced AIDC devices. Meticulous Research® in its latest publication on automatic identification and data capture states that the global Automatic identification and data capture market will increase at a CAGR of 12.6% from 2019 to 2025 to reach $100.5 billion by 2025.
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The growth of the global automatic identification and data capture market is mainly attributed to increasing need of AIDC technology to eliminate manual data entry & associated errors, increasing government regulations and guidelines on the usage of AIDC technology, consistently expanding e-commerce industry along with growing acceptance for online shopping, and technological advancements in the AIDC technologies. In addition, the growing adoption of AIDC devices, particularly in healthcare and BFSI sector is also expected to support the growth of the automatic identification and data capture market by 2025.
To provide efficient analysis, Meticulous Research has segmented this market on the basis of 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 Middle East & Africa).
Key Topics Covered in This Report:
2. Research Methodology
3. Executive Summary
3.1. AIDC Market Overview
3.2. AIDC Market Analysis, by Technology
3.3. AIDC Market Analysis, by End User
3.4. AIDC Market Analysis, by Product
3.5. AIDC Market Analysis, by Geography
3.6. Competitive Analysis
4. Market Insights
4.2. Market Dynamics
188.8.131.52. Rising Need to Eliminate Data Capture & Entry Errors
184.108.40.206. Rising Government Legislatives on The Use of AIDC Technology
220.127.116.11. Growing E-Commerce Industry
18.104.22.168. Technological Advancements
22.214.171.124. Cost Involved in Deploying Biometric and RFID Systems
126.96.36.199. Lack of Awareness
188.8.131.52. Emerging Markets
184.108.40.206. Growing Healthcare Sector
5. Global Automatic Identification and Data Capture Market, By Technology
5.3. Radio Frequency Identification (RFID)
5.5. Smart Cards
5.6. Magnetic Stripe
5.7. Optical Character Recognition (OCR)
6. Global Automatic Identification and Data Capture (AIDC) Market, by Product
6.2. Scanner & Reader
6.2.1. Barcode Scanner
220.127.116.11. Pen Type Reader
18.104.22.168. Laser Barcode Scanner
22.214.171.124. CCD Barcode Scanner
126.96.36.199. Camera-Based Scanner
6.2.2. RFID Scanner
6.2.3. Smart Card Reader
188.8.131.52. Contact Type Smart Card Reader
184.108.40.206. Contactless Smart Card Reader
6.2.4. MagneticStripe Reader
6.2.5. Optical Character Recognition (OCR)
6.3. Biometric Scanner
6.3.1. Face Recognition
6.3.2. Voice Recognition
6.3.3. Fingerprint Recognition
6.3.4. Iris Recognition
6.4. Printer & Recorder
6.4.1. Barcode Printer
220.127.116.11. Dot Matrix Printer
18.104.22.168. Inkjet Printer
22.214.171.124. Laser Printer
126.96.36.199. Thermal Printer
6.4.3. Label Printer
6.4.4. Smart Card Printer
6.4.5. Magnetic Stripe Printer
6.5. Mobile Computer
6.6.1. Barcode Label
6.6.2. RFID Tags & Sticker
6.6.3. Thermal Transfer Ribbon/Foil
The report has 331 tables and figures browse the report description and TOC:https://www.meticulousresearch.com/product/automatic-identification-and-data-capture-market-5056/
Geographically, the Asia-Pacific region commanded the largest share of this market followed by North America. The large share of Asia-Pacific region is mainly attributed to easy availability of AIDC technology-enabled devices, increasing awareness, and high adoption of AIDC devices in the region. Furthermore, increasing government regulations, growing investments particularly in retail, healthcare, and manufacturing industries, presence of automatic identification and data capture technology companies and consequent availability of revolutionary technologies is also expected to support the market growth for automatic identification and data capture technologies market in the Asia-Pacific region.
While in terms of technology, RFID segment accounted for the largest share of the global AIDC market owing to greater penetration of RFID devices (printers, scanners, and tags) across numerous industries, such as healthcare, sports, manufacturing, retail, and education. The technology is widely used for inventory management and real-time asset tracing & tracking. However, consistently rising need for high degree of access control and need to maintain confidentiality particularly in healthcare and BFSI sector are supporting the growth of the biometrics technology over RFID.
On the basis of end-user, transportation & logistics industry accounted for the largest share of the global AIDC market in 2018. Consistently growing e-commerce and high degree integration of AIDC technology for logistic applications are driving the high growth of transportation and logistics segment. However, incorporation of advanced AIDC technologies for better healthcare services and reduced operational errors are expected to help healthcare segment grow with the fastest CAGR throughout the forecast period.
The report provides competitive intelligence in terms of financials, growth strategies, product portfolios, and geographical presence on some of the key players in this market including Zebra Technologies Corporation (U.S.), Honeywell International Inc. (U.S.), Newland EMEA (Netherlands), Epson America, Inc. (U.S.), Seagull Scientific, Inc. (U.S.), NEC Corporation (Japan), Datalogic S.P.A. (Italy), Alien Technologies Corporation (U.S.), SATO Worldwide (Japan), Toshiba Tec Corporation (Japan), Microscan System, Inc. (U.S.), Jadak (U.S.), B.O.S. Better Online Solutions Ltd. (Israel), Unitech Electronics Co. Ltd. (Taiwan), TSC Auto Id Technology Co. Ltd. (Taiwan), Cognex Corporation (U.S.), Opticon (Netherlands), Code Corporation (U.S.), Bluebird Inc. (South Korea), Avery Dennison Corporation (U.S.), Godex International (Taiwan), Cardlogix Corporation (U.S.), Impinj, Inc. (U.S.), and Axicon Auto ID Ltd (U.K.), among others.
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