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Automatic Identification and Data Capture Market Trends Forecast Analysis by Manufacturers, Regions, Type and Application Revenue, Gross Margin Forecast Analysis 2030

Automatic Identification and Data Capture Market is valued approximately at USD 34.9 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 14.9% over the forecast period 2020-2027.

Automatic Identification and Data Capture (AIDC) is a device that collects information of an individual, image, object or sound, which is then stored in the data set without human intervention. Automatic Identification and Data Capture systems are used to manage documents, security, assets, inventory, and delivery processes in any industry or enterprise. AIDC systems are used in wide range of applications including retail, manufacturing, government, medicine, transportation, distribution, and many others. The growing e-commerce industry, rising use of smartphones for QR code scanning and image recognition are the few factors responsible for growth of the market over the forecast period.

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For instance: as per Statista, the global smart phone penetration rate was 33.5% in 2016 and raised to 44.9% in 2020. The surging adoption of AIDC solutions by various financial institutions to ensure customer safety and security, along with data privacy will further accelerate the market growth. Also, as per Statista, the e-commerce share of total retail sales in Vietnam was 1.8% in 2013 and has risen by 8.1% of total retail sales in 2020.

Furthermore, the introduction of products and services along with other strategic alliance by market key players will create a lucrative demand for this market. For instance: on 25th November 2019, Panasonic launched an application programming interface (API) for its facial recognition technology in Japan. These API solutions will recognize the whole face with certain parts of the face through the integration of multiple deep learning technologies as well as controlled the errors caused by photographic conditions. Whereas, high installation cost of AIDC solutions is the major factor restraining the growth of global Automatic Identification and Data Capture market during the forecast period.

The regional analysis of global Automatic Identification and Data Capture market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia Pacific is the leading/significant region across the world owing to the rising demand for high-speed networks, increasing competition among major players in the networking industry for providing better customer experience, and rising adoption of cloud networking. Many retail and logistics companies are expanding their presence in the region to capitalize on the increased purchasing power of the middle-class people, anticipated to drive the market growth.

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Major market player included in this report are:
Honeywell International Inc.
Datalogic S.p.A.
Zebra Technologies Corporation
Sick AG
Cognex Corporation
Toshiba Corporation
Getac Technology Corporation
Samsung Group
Panasonic Corporation

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.

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The detailed segments and sub-segment of the market are explained below:

By Product:
Smart cards
RFID systems
Barcoding solutions
Biometric systems
Magnetic stripe cards
Optical character recognition (OCR) systems
Voice-directed WMS
Heads-up displays
VR solutions
Google Glass

By Offerings:

By Vertical:
Transportation & Logistics
Banking & Finance
Energy & power

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By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027

Target Audience of the Global Automatic Identification and Data Capture Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

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What are the aspects of this report that relate to regional analysis?

The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.

The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.

Reports on the market include the growth rates of each region, which includes their countries, over the coming years.

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This report provides a comprehensive analysis of leading competitors in the market.

The report includes information about the key vendors in the market.

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The report presents the facts and figures about market competitors, alongside the viewpoints of leading market players.

A market report includes details on recent market developments, mergers, and acquisitions involving the key players mentioned.

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This market report shows the projected market size for the pain management devices market at the end of the forecast period. The report also examines the historical and current market sizes.

On the basis of various indicators, the charts present the year-over-year growth (%) and compound annual growth rate (CAGR) for the given forecast period.

The report includes an overview of the market, its geographical scope, its segmentation, and the financial performance of key players.

The report examines the current state of the industry and the potential growth opportunities in North America, Asia Pacific, Europe, Latin America, and the Middle East, and Africa.

The research report includes various factors contributing to the market’s growth.

The report analyzes the growth rate, market size, and market valuation for the forecast period.

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What factors are taken into consideration when assessing the key market players?

The report analyzes companies across the globe in detail.

The report provides an overview of major vendors in the market, including key players.

Reports include information about each manufacturer, such as profiles, revenue, product pricing, and other pertinent information about the manufactured products.

This report includes a comparison of market competitors and a discussion of the standpoints of the major players.

Market reports provide information regarding recent developments, mergers, and acquisitions involving key players.

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This report provides comprehensive information on factors expected to influence the market growth and market share in the future.

The report offers the current state of the market and future prospects for various geographical regions.

This report provides both qualitative and quantitative information about the competitive landscape of the market.

Combined with Porter’s Five Forces analysis, it serves as SWOT analysis and competitive landscape analysis.

It provides an in-depth analysis of the market, highlighting its growth rates and opportunities for growth.

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