Product Code: TIPRE00011974
The global 2D barcode reader market is projected to reach US$ 12,708.70 million by 2028 from US$ 8,373.12 million in 2023. It is expected to register a CAGR of 8.7% during 2023-2028.
In the retail industry, 2D barcode scanning has become critical. Omnidirectional, handheld, and wireless barcode readers are broadly used in convenience stores, supermarkets, specialty stores, etc. Some benefits of using 2D barcode readers in the retail industry are increased efficiency and accuracy in inventory management, improved customer experience, enhanced data collection and analysis, and a streamlined checkout process, among others. 2D barcode reading makes the checkout process faster and more accessible for customers during shopping or the holiday season. Retailers can achieve significant insights into their products, customers, and sales data by capturing information from 2D barcodes. 2D barcode scanning can automate manual processes for other important tasks, such as freeing up time, inventory counting, and product identification. Therefore, these benefits boost the retail industry and further contributes to the demand for 2D barcode reader thereby fueling the growth of the 2D barcode reader market size.
Impact of COVID-19 Pandemic on 2D Barcode Reader Market Growth
Due to the COVID-19 outbreak, various countries imposed strict lockdowns and restrictions on human movement. However, the demand for medicines for COVID-19 patients also increased. Furthermore, due to the COVID-19 pandemic, pharma and healthcare companies introduced innovative ways to use barcodes, such as amplifying patient safety through barcoding technology and using the information encapsulated within barcodes for staff and patient identification over manual verification. The pandemic forced all pharmacists at the frontline of preparedness, prevention, response, and recovery efforts. Hence, pharmacists implemented different innovative approaches to deal with the impacts of the COVID-19 pandemic. In the pharmaceutical industry, 2D barcode readers are facilitated to scan the data matrix codes printed on many medicines and drug packages. Therefore, reconfiguring barcode applications during the pandemic led to considerable changes in 2D barcode reading in pharmacy drug dispensing. Also, the impact of post COVID-19 on the 2D barcode market has been positive as all the restrictions were uplifted due to increased use of medicines to cure and prevent the effects of COVID-19. This change contributed to the growth of the 2D barcode reader market share in the pharmaceutical sector.
The Asia Pacific (APAC) 2D barcode reader market share is segmented into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. In India, Singapore, Hong Kong, Japan, and Australia, the logistics space has become an increasingly valuable property. Hence, retail and logistics firms are securing the sites to keep up with growing delivery volumes and ensure their networks serve a diverse customer base. For instance, according to The Economics Times, India is expected to add 30 million square feet of space for building new warehouses in 2023. This demand for extra space for warehousing can be attributed to the growing manufacturing sector and e-commerce activities, which further require 2D barcode readers to manage the inventories in warehouses and distribution centers.
Furthermore, the e-commerce sector is significantly growing across Asia Pacific. For instance, according to International Trade Administration, in April 2023, China was the largest e-commerce market globally and responsible for 50% of the world's transactions. The country's e-commerce sales are expected to increase exponentially during the forecast period, contributing to the growth of the e-commerce industry in APAC. Thus, the growing e-commerce activities and sales are increasing the transport of goods which require 2D barcode readers to maintain logistics efficiency by managing the inventories and product information in real time. With the surge in manufacturing, logistics, and transportation activities across the region, the need for automated scanning and reading equipment is also growing; this results in increased operational capabilities in these sectors, which propels the 2D barcode reader market growth in APAC.
Adesso Inc, Cognex Corp, Newland Auto-ID Tech Co Ltd, Honeywell International Inc, Keyence Corp, OMRON Corp, Guangzhou Netum Electronic Technology Co Ltd, Datalogic SpA, Zebex Industries Inc, and Zebra Technologies Corp. are among the 2D barcode reader market players profiled during the market study. In addition to these players, several other important companies were studied and analyzed during this market research study to get a holistic overview of the global 2D barcode reader market.
Strategic Insights - 2D Barcode Reader Market
This research report provides insights into the "Global 2D Barcode Reader Market." This report summarizes the results of the assessment carried out by The Insight Partners in the field of 2D barcode readers from a global perspective. The report provides an analysis of the 2D barcode reader market size by product type, application, and geography. The report provides the current market size for 2D barcode reader market, defines trends, and presents growth forecasts for 5 years, i.e., from 2023 to 2028. The historical years considered for this study are 2019, 2020, and 2021, the base year is 2022, and the forecast period for the entire report is 2023-2028. The scope of the market study includes 2D barcode readers offered by various companies operating in this market. For market size derivation, the revenue earned by companies from fixed and handheld 2D barcode readers is considered. All the market numbers for revenue are provided in US dollars.
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- Scrutinize in-depth market trends and outlook coupled with the factors driving the market, as well as those hindering it
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Table Of Contents
1. Introduction 19
- 1.1 Study Scope. 19
- 1.2 The Insight Partners Research Report Guidance. 19
- 1.3 Market Segmentation. 20
2. Key Takeaways 22
3. Research Methodology 25
- 3.1 Coverage. 26
- 3.2 Secondary Research. 26
- 3.3 Primary Research. 27
4. 2D Barcode Reader Market Landscape 28
- 4.1 Market Overview. 28
- 4.2 PEST Analysis. 29
- 4.2.1 North America. 29
- 4.2.2 Europe. 29
- 4.2.3 APAC
- 4.2.4 MEA. 30
- 4.2.5 SAM
- 4.3 Ecosystem Analysis. 31
- 4.4 Expert Opinion. 32
5. 2D Barcode Reader Market - Key Market Dynamics 33
- 5.1 Key Market Drivers. 33
- 5.1.1 New Product Launches. 33
- 5.1.2 Growth of Logistics and E-Commerce Sectors. 33
- 5.2 Market Restraints. 34
- 5.2.1 Customer Preference for Self-Checkout Systems. 34
- 5.3 Market Opportunities. 34
- 5.3.1 Rise in Mergers and Acquisitions. 34
- 5.4 Future Trends. 35
- 5.4.1 Rise in Factory Automation. 35
- 5.5 Impact Analysis of Drivers and Restraints. 35
6. 2D Barcode Reader Market - Global Analysis 36
- 6.1 Global 2D Barcode Reader Market Overview
- 6.2 2D Barcode Reader Market - Revenue and Forecast to 2028 (US$ Million) 38
- 6.3 Market Share Analysis. 39
7. 2D Barcode Reader Market Analysis - By Product Type 40
- 7.1 Overview
- 7.2 2D Barcode Reader Market, By Product Type (2022 and 2028) 40
- 7.3 Handheld. 41
- 7.3.1 Overview
- 7.3.2 Handheld: 2D Barcode Reader Market - Revenue, and Forecast to 2028 (US$ Million) 41
- 7.4 Fixed. 42
- 7.4.1 Overview
- 7.4.2 Fixed: 2D Barcode Reader Market - Revenue, and Forecast to 2028 (US$ Million) 42
8. 2D Barcode Reader Market Analysis - By Application 43
- 8.1 Overview
- 8.2 2D Barcode Reader Market, By Application (2022 and 2028) 43
- 8.3 Warehousing & Logistics. 44
- 8.3.1 Overview
- 8.3.2 Warehousing & Logistics: 2D Barcode Reader Market- Revenue and Forecast to 2028 (US$ Million) 45
- 8.4 Pharmaceuticals. 46
- 8.4.1 Overview
- 8.4.2 Pharmaceuticals: 2D Barcode Reader Market- Revenue and Forecast to 2028 (US$ Million) 46
- 8.5 E-commerce & Retail 47
- 8.5.1 Overview
- 8.5.2 E-commerce & Retail: 2D Barcode Reader Market- Revenue and Forecast to 2028 (US$ Million) 47
- 8.6 Others. 48
- 8.6.1 Overview
- 8.6.2 Others: 2D Barcode Reader Market- Revenue and Forecast to 2028 (US$ Million) 48
9. 2D Barcode Reader Market - Geographic Analysis 49
- 9.1 Overview
- 9.2 North America: 2D Barcode Reader Market 49
- 9.2.1 Overview
- 9.2.2 North America 2D Barcode Reader Market, Revenue and Forecast to 2028 (US$ Million) 50
- 9.2.3 North America 2D Barcode Reader Market Breakdown, By Product Type. 51
- 9.2.4 North America 2D Barcode Reader Market Breakdown, By Application. 52
- 9.2.5 North America 2D Barcode Reader Market Breakdown, by Country. 53
- 9.2.5.1 US 2D Barcode Reader Market, Revenue and Forecast to 2028
- 9.2.5.1.1 US 2D Barcode Reader Market Breakdown, By Product Type. 54
- 9.2.5.1.2 US 2D Barcode Reader Market Breakdown, By Application. 54
- 9.2.5.2 Canada 2D Barcode Reader Market, Revenue and Forecast to 2028
- 9.2.5.2.1 Canada 2D Barcode Reader Market Breakdown, By Product Type. 55
- 9.2.5.2.2 Canada 2D Barcode Reader Market Breakdown, By Application. 56
- 9.2.5.3 Mexico 2D Barcode Reader Market, Revenue and Forecast to 2028
- 9.2.5.3.1 Mexico 2D Barcode Reader Market Breakdown, By Product Type. 57
- 9.2.5.3.2 Mexico 2D Barcode Reader Market Breakdown, By Application. 57
- 9.3 Europe: 2D Barcode Reader Market 58
- 9.3.1 Overview
- 9.3.2 Europe 2D Barcode Reader Market, Revenue and Forecast to 2028 (US$ Million) 59
- 9.3.3 Europe 2D Barcode Reader Market Breakdown, By Product Type. 59
- 9.3.4 Europe 2D Barcode Reader Market Breakdown, By Application. 60
- 9.3.5 Europe 2D Barcode Reader Market Breakdown, by Country. 61
- 9.3.5.1 Germany 2D Barcode Reader Market, Revenue and Forecast to 2028
- 9.3.5.1.1 Germany 2D Barcode Reader Market Breakdown, By Product Type. 62
- 9.3.5.1.2 Germany 2D Barcode Reader Market Breakdown, By Application. 62
- 9.3.5.2 France 2D Barcode Reader Market, Revenue and Forecast to 2028
- 9.3.5.2.1 France 2D Barcode Reader Market Breakdown, By Product Type. 63
- 9.3.5.2.2 France 2D Barcode Reader Market Breakdown, By Application. 64
- 9.3.5.3 Italy 2D Barcode Reader Market, Revenue and Forecast to 2028
- 9.3.5.3.1 Italy 2D Barcode Reader Market Breakdown, By Product Type. 65
- 9.3.5.3.2 Italy 2D Barcode Reader Market Breakdown, By Application. 65
- 9.3.5.4 UK 2D Barcode Reader Market, Revenue and Forecast to 2028
- 9.3.5.4.1 UK 2D Barcode Reader Market Breakdown, By Product Type. 66
- 9.3.5.4.2 UK 2D Barcode Reader Market Breakdown, By Application. 66
- 9.3.5.5 Russia 2D Barcode Reader Market, Revenue and Forecast to 2028
- 9.3.5.5.1 Russia 2D Barcode Reader Market Breakdown, By Product Type. 68
- 9.3.5.5.2 Russia 2D Barcode Reader Market Breakdown, By Application. 68
- 9.3.5.6 Rest of Europe 2D Barcode Reader Market, Revenue and Forecast to 2028
- 9.3.5.6.1 Rest of Europe 2D Barcode Reader Market Breakdown, By Product Type. 69
- 9.3.5.6.2 Rest of Europe 2D Barcode Reader Market Breakdown, By Application. 70
- 9.4 Asia Pacific: 2D Barcode Reader Market 70
- 9.4.1 Overview
- 9.4.2 Asia Pacific 2D Barcode Reader Market, Revenue and Forecast to 2028 (US$ Million) 70
- 9.4.3 Asia Pacific 2D Barcode Reader Market Breakdown, By Product Type. 71
- 9.4.4 Asia Pacific 2D Barcode Reader Market Breakdown, By Application. 72
- 9.4.5 Asia Pacific 2D Barcode Reader Market Breakdown, by Country. 72
- 9.4.5.1 Australia 2D Barcode Reader Market, Revenue and Forecast to 2028
- 9.4.5.1.1 Australia 2D Barcode Reader Market Breakdown, By Product Type. 74
- 9.4.5.1.2 Australia 2D Barcode Reader Market Breakdown, By Application. 74
- 9.4.5.2 China 2D Barcode Reader Market, Revenue and Forecast to 2028
- 9.4.5.2.1 China 2D Barcode Reader Market Breakdown, By Product Type. 75
- 9.4.5.2.2 China 2D Barcode Reader Market Breakdown, By Application. 76
- 9.4.5.3 India 2D Barcode Reader Market, Revenue and Forecast to 2028
- 9.4.5.3.1 India 2D Barcode Reader Market Breakdown, By Product Type. 77
- 9.4.5.3.2 India 2D Barcode Reader Market Breakdown, By Application. 77
- 9.4.5.4 Japan 2D Barcode Reader Market, Revenue and Forecast to 2028
- 9.4.5.4.1 Japan 2D Barcode Reader Market Breakdown, By Product Type. 78
- 9.4.5.4.2 Japan 2D Barcode Reader Market Breakdown, By Application. 78
- 9.4.5.5 South Korea 2D Barcode Reader Market, Revenue and Forecast to 2028
- 9.4.5.5.1 South Korea 2D Barcode Reader Market Breakdown, By Product Type. 79
- 9.4.5.5.2 South Korea 2D Barcode Reader Market Breakdown, By Application. 80
- 9.4.5.6 Rest of Asia Pacific 2D Barcode Reader Market, Revenue and Forecast to 2028
- 9.4.5.6.1 Rest of Asia Pacific 2D Barcode Reader Market Breakdown, By Product Type. 81
- 9.4.5.6.2 Rest of Asia Pacific 2D Barcode Reader Market Breakdown, By Application. 81
- 9.5 Middle East & Africa: 2D Barcode Reader Market 81
- 9.5.1 Overview
- 9.5.2 Middle East & Africa 2D Barcode Reader Market, Revenue and Forecast to 2028 (US$ Million) 82
- 9.5.3 Middle East & Africa 2D Barcode Reader Market Breakdown, By Product Type. 83
- 9.5.4 Middle East & Africa 2D Barcode Reader Market Breakdown, By Application. 83
- 9.5.5 Middle East & Africa 2D Barcode Reader Market Breakdown, by Country. 84
- 9.5.5.1 South Africa 2D Barcode Reader Market, Revenue and Forecast to 2028
- 9.5.5.1.1 South Africa 2D Barcode Reader Market Breakdown, By Product Type. 86
- 9.5.5.1.2 South Africa 2D Barcode Reader Market Breakdown, By Application. 86
- 9.5.5.2 Saudi Arabia 2D Barcode Reader Market, Revenue and Forecast to 2028
- 9.5.5.2.1 Saudi Arabia 2D Barcode Reader Market Breakdown, By Product Type. 87
- 9.5.5.2.2 Saudi Arabia 2D Barcode Reader Market Breakdown, By Application. 88
- 9.5.5.3 UAE 2D Barcode Reader Market, Revenue and Forecast to 2028
- 9.5.5.3.1 UAE 2D Barcode Reader Market Breakdown, By Product Type. 89
- 9.5.5.3.2 UAE 2D Barcode Reader Market Breakdown, By Application. 89
- 9.5.5.4 Rest of Middle East & Africa 2D Barcode Reader Market, Revenue and Forecast to 2028
- 9.5.5.4.1 Rest of Middle East & Africa 2D Barcode Reader Market Breakdown, By Product Type. 90
- 9.5.5.4.2 Rest of Middle East & Africa 2D Barcode Reader Market Breakdown, By Application. 91
- 9.6 South America: 2D Barcode Reader Market 91
- 9.6.1 Overview
- 9.6.2 South America 2D Barcode Reader Market, Revenue and Forecast to 2028 (US$ Million) 91
- 9.6.3 South America 2D Barcode Reader Market Breakdown, By Product Type. 92
- 9.6.4 South America 2D Barcode Reader Market Breakdown, By Application. 93
- 9.6.5 South America 2D Barcode Reader Market Breakdown, by Country. 94
- 9.6.5.1 Brazil 2D Barcode Reader Market, Revenue and Forecast to 2028
- 9.6.5.1.1 Brazil 2D Barcode Reader Market Breakdown, By Product Type. 95
- 9.6.5.1.2 Brazil 2D Barcode Reader Market Breakdown, By Application. 95
- 9.6.5.2 Argentina 2D Barcode Reader Market, Revenue and Forecast to 2028
- 9.6.5.2.1 Argentina 2D Barcode Reader Market Breakdown, By Product Type. 96
- 9.6.5.2.2 Argentina 2D Barcode Reader Market Breakdown, By Application. 97
- 9.6.5.3 Rest of SAM 2D Barcode Reader Market, Revenue and Forecast to 2028
- 9.6.5.3.1 Rest of SAM 2D Barcode Reader Market Breakdown, By Product Type. 98
- 9.6.5.3.2 Rest of SAM 2D Barcode Reader Market Breakdown, By Application. 98
10. Impact of COVID-19 Pandemic on Global 2D Barcode Reader Market 99
- 10.1 Overview
- 10.2 North America: Impact Assessment of COVID-19 Pandemic. 99
- 10.3 Europe: Impact Assessment of COVID-19 Pandemic. 101
- 10.4 APAC: Impact Assessment of COVID-19 Pandemic. 102
- 10.5 MEA: Impact Assessment of COVID-19 Pandemic. 103
- 10.6 SAM Impact Assessment of the COVID-19 Pandemic. 104
11. Industry Landscape 105
- 11.1 Overview
- 11.2 Product Development 105
- 11.3 Mergers & Acquisitions. 106
12. Company Profiles 108
- 12.1 Adesso Inc. 108
- 12.1.1 Key Facts. 108
- 12.1.2 Business Description. 108
- 12.1.3 Products and Services. 108
- 12.1.4 Financial Overview
- 12.1.5 SWOT Analysis. 109
- 12.1.6 Key Developments. 110
- 12.2 Cognex Corp. 111
- 12.2.1 Key Facts. 111
- 12.2.2 Business Description. 111
- 12.2.3 Products and Services. 112
- 12.2.4 Financial Overview
- 12.2.5 SWOT Analysis. 114
- 12.2.6 Key Developments. 114
- 12.3 Newland Auto-ID Tech Co Ltd. 116
- 12.3.1 Key Facts. 116
- 12.3.2 Business Description. 116
- 12.3.3 Products and Services. 116
- 12.3.4 Financial Overview
- 12.3.5 SWOT Analysis. 118
- 12.3.6 Key Developments. 118
- 12.4 Honeywell International Inc. 119
- 12.4.1 Key Facts. 119
- 12.4.2 Business Description. 119
- 12.4.3 Products and Services. 119
- 12.4.4 Financial Overview
- 12.4.5 SWOT Analysis. 122
- 12.4.6 Key Developments. 122
- 12.5 Keyence Corp. 123
- 12.5.1 Key Facts. 123
- 12.5.2 Business Description. 123
- 12.5.3 Products and Services. 123
- 12.5.4 Financial Overview
- 12.5.5 SWOT Analysis. 126
- 12.5.6 Key Developments. 126
- 12.6 OMRON Corp. 127
- 12.6.1 Key Facts. 127
- 12.6.2 Business Description. 127
- 12.6.3 Products and Services. 128
- 12.6.4 Financial Overview
- 12.6.5 SWOT Analysis. 131
- 12.6.6 Key Developments. 131
- 12.7 Guangzhou Netum Electronic Technology Co Ltd. 132
- 12.7.1 Key Facts. 132
- 12.7.2 Business Description. 132
- 12.7.3 Products and Services. 132
- 12.7.4 Financial Overview
- 12.7.5 SWOT Analysis. 134
- 12.7.6 Key Developments. 134
- 12.8 Datalogic SpA. 135
- 12.8.1 Key Facts. 135
- 12.8.2 Business Description. 135
- 12.8.3 Products and Services. 135
- 12.8.4 Financial Overview
- 12.8.5 SWOT Analysis. 137
- 12.8.6 Key Developments. 138
- 12.9 Zebex Industries Inc. 139
- 12.9.1 Key Facts. 139
- 12.9.2 Business Description. 139
- 12.9.3 Products and Services. 139
- 12.9.4 Financial Overview
- 12.9.5 SWOT Analysis. 141
- 12.9.6 Key Developments. 141
- 12.10 Zebra Technologies Corp. 142
- 12.10.1 Key Facts. 142
- 12.10.2 Business Description. 142
- 12.10.3 Products and Services. 142
- 12.10.4 Financial Overview
- 12.10.5 SWOT Analysis. 145
- 12.10.6 Key Developments. 146
13. Appendix 147
- 13.1 About The Insight Partners. 147
- 13.2 Word Index. 147