United State – Global Automatic Identification and Data Capture Market Status, Trends and COVID-19 Impact Report 2021, Covid 19 Outbreak Impact research report added by Report Ocean, is an in-depth analysis of market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends, and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider Automatic Identification and Data Capture market, and compares it with other markets., market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Digital Evidence Management market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence. Get complete Report (Including Full TOC, 100+ Tables & Figures, and Chart). – In-depth Analysis Pre & Post COVID-19 Market Outbreak Impact Analysis & Situation by Region.
The global automatic identification and data capture market size was US$ 43.1 billion in 2021. The global automatic identification and data capture market is forecast to grow to US$ 102.6 billion by 2030, registering a compound annual growth rate (CAGR) of 12.1% during the forecast period from 2022 to 2030.
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Automatic data capture and identification systems recognize data, capture it, and store it in a computer without the need for human help. These data can be in the form of images, text, and sound. Data is collected quickly and accurately because the operation is automated.
Factors Influencing the Market
Several BFSI uses automatic identification and data capture systems like smart cards and biometrics to replace older traditional methods like paper-based papers or government-issued identification cards. Thus, it is propelling the growth of the overall automatic identification and data capture market.
The rising adoption of smart cards, magnetic stripe cards, and biometric devices will propel the automatic identification and data capture market forward during the study period.
The growing use of smartphones for image recognition and QR code scanning is likely to fuel the growth of the global automatic identification and data capture market. In addition, the rising adoption of AIDC solutions to eliminate human error will accelerate the growth of the automatic identification and data capture market during the study period.
The increasing number of partnerships between industry players will take the market forward during the study period. In May 2019, NXP Semiconductors and Identive Group Inc. joined hands. The partnership aims to unveil a new ultra-low-cost NFC inlay, which is developed for gaming, publishing, and retail end-user.
COVID-19 Impact Analysis
The COVID-19 pandemic has had a beneficial impact on the automatic identification and data capture market. Healthcare organizations began adopting these technologies to lower human work. In addition, the digitalization of every segment has fueled the growth of the global automatic identification and data capture market due to the COVID-19 pandemic.
Regional Analysis
Asia-Pacific is expected to hold the greatest market share in the global automatic identification and data capture market. The need for barcodes and biometrics devices is predicted to expand in numerous verticals, including healthcare, manufacturing, e-commerce, BFSI, and transportation and logistics. Thus, it will contribute to the growth of the Asia-Pacific automatic identification and data capture market.
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Competitors in the Market
- Cognex Corporation
- Datalogic S.p.A.
- Honeywell
- NXP Semiconductors N.V.
- Panasonic Corporation
- SICK AG
- Synaptics Incorporated
- Thales
- Toshiba
- Zebra Technologies
- Other Prominent Players
Market Segmentation
The global automatic identification and data capture market segmentation focuses on Offering, Product, Technology, Industry Vertical, and Region.
By Offering
- Hardware
- Solutions
- Services
By Product
- Scanner & Reader
- Barcode Scanners
- RFID Scanner
- Smart Card Reader
- Magnetic Stripe Reader
- Optical Character Recognition (OCR)
- Biometric Scanners
- Printer & Recorder
- Others
By Technology
- Biometrics
- Radio Frequency Identification (RFID)
- Smart Cards
- Optical Character Recognition (OCR)
- Others
By Industry Vertical
- BFSI
- Manufacturing
- Retail
- Transportation & Logistics
- Hospitality
- Healthcare
- Government
- Others
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By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Key questions answered in the global Automatic Identification and Data Capture market report are:
- How does a global company acquire markets?
- What are its core strategies and policies?
- What factors will influence the Automatic Identification and Data Capture market over the forecast period?
- What are the factors driving and restraining the market for Automatic Identification and Data Capture?
- What are the leading competitors in the global market?
- Which region is growing at a higher pace in the global market?
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