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”, 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) is extensively used to automatically identify objects and assets, record data, inventories, documents, and collect information in the computer system. It is a technique that is deployed to obtain, record, and convert data in a digital file. The commonly used AIDC tools include magnetic strips, barcode scanners, fingerprint scanners, optical character recognition (OCR), and radio frequency identification (RFID) systems. It is largely used across the healthcare, transportation, manufacturing, and distribution sectors.
Market Trends and Drivers:
The rapidly expanding e-commerce sector and the expanding usage of AIDC in banking and finance and healthcare sectors are some of the key factors providing an impetus to the automatic identification and data capture market growth. In line with this, the usage of biometrics and smart cards in financial institutions, to provide additional protection and enhanced security during transactional processes, is acting as another major growth-inducing factor. Other factors, such as the extensive utilization of these tools in increasing in the healthcare sector for improved visibility of information and accurate capturing of patient data, are creating a positive outlook for the market.
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 (AIDC) 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 (AIDC) 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
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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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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