According to IMARC Group’s latest report, titled “Automatic Identification and Data Capture (AIDC) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, the global automatic identification and data capture (AIDC) market reached a value of US$ 43.7 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 95.8 Billion by 2027, exhibiting a CAGR of 14.15% during 2022-2027.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Automatic identification and data capture (AIDC) are technological solutions that assist in collecting information related to an object, image or data. The technique is used to identify, verify, record, communicate and store information that is logged directly on computer systems in the form of data sets without any human intervention. It is widely utilized to manage documents, assets, inventory security and delivery processes across various industries in an efficient manner. Some of the most commonly used technologies include barcodes, radio frequency identification (RFID) tags and readers, voice recognition and handheld and fixed-position scanners and imagers. They are widely utilized across the retail, manufacturing, transportation and government sectors for workflow and asset and inventory management.
Market Trends and Drivers:
The automatic identification and data capture market is primarily driven by the significant growth in the e-commerce sector across the globe. AIDC solutions are widely deployed in the sector to detect a vast array of identification structure, including barcodes, 2D barcodes, magnetic stripes and smart cards. Supported by the inflating disposable income levels and the evolving purchasing patterns of the masses, this is providing a thrust to the market growth. Along with this, there has been a growing requirement for advanced AIDC systems for data security across financial institutions. These organizations are now adopting biometrics and smart card solutions to safeguard the overall transaction procedure and offer an additional layer of protection for sensitive data, which is creating a positive outlook for the market. The market is further driven by the increasing adoption of AIDC in the healthcare sector. These solutions are extensively utilized for non-clinical applications, such as medical staff and asset tracking and supply chain management of numerous healthcare products. They are also deployed in the sector for capturing data accurately, improving information visibility and facilitating enhanced operational efficiency. Moreover, continual technological advancements, including the development of efficient Optical Character Recognition (OCR) and RFID systems, are acting as another major growth-inducing factor. This is further being supported by the implementation of numerous favorable government initiatives that promote the adoption of AIDC solutions across the globe.
Automatic Identification and Data Capture (AIDC) Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the automatic identification and data capture market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Alien Technology LLC
- Cognex Corporation
- Datalogic S.p.A. (Hydra SpA)
- Epson America Inc. (Seiko Epson Corporation)
- Godex International Co Ltd.
- Honeywell International Inc.
- NEC Corporation
- NXP Semiconductors N.V.
- Sato Holdings Corporation
- Sick AG
- Synaptics Incorporated
- Toshiba TEC Corporation
- TSC Auto ID Technology Co. Ltd.
- Zebra Technologies Corporation
Key Market Segmentation:
The report has segmented the global automatic identification and data capture market on the basis of offering, product type, vertical and region.
Breakup by Offering:
- Hardware
- Software
- Services
Breakup by Product Type:
- Barcode Scanners
- Magnetic Stripe Cards
- Smart Cards
- Optical Character Recognition (OCR) Systems
- RFID Products
- Biometric Systems
Breakup by Vertical:
- Manufacturing
- Retail
- Transportation and Logistics
- Banking and Finance
- Healthcare
- Government
- Others
Breakup by Region:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
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Key Highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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