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Analysis of the Global 2D-Barcode Scanners Market

  • May 2014
  • 103 pages
  • Frost & Sullivan
Report ID: 2126321

Summary

Table of Contents

This research service analyses the trends in the global 2D-barcode scanners market. 1D-barcode technology currently dominates the market based on its ease-of-use and pricing. Therefore, this study focuses on the challenges and factors that are likely to drive the market growth of 2D-barcode scanners in the coming years. The study provides regional analyses and competitive analysis. In addition, the study analyses trends regarding product types and information on the key end-user markets for this technology. This deliverable will provide key market participants with the necessary business intelligence to help them accelerate growth in a fast-paced market.

• Increasing volumes of the global mobile workforce across industry verticals are expected to
drive interest in handheld scanners. The global market for 2D-barcode scanners is expected to
grow at a compound annual growth rate (CAGR) of ?% between 2013 and 2020.
• Retail has traditionally been the largest user for 1D-barcodes, a trend that is expected to
continue with 2D technology. The manufacturing and healthcare sectors are expected to
witness increased adoption during the forecast period.
• Direct part marking (DPM), tool tracking, and patient management, are among the key
applications of growth in verticals such as manufacturing, healthcare, and retail. Increased
memory at optimum pricing has been a key factor in this technology being an attractive
proposition for end users.
• Though North America and Europe continue to dominate this market over the forecast period
with steady growth rates, Asia-Pacific is expected to witness significant growth opportunities.
Emerging economies, such as Brazil, India, the Middle East, Russia, and China, are expected
to embrace this technology.
• Performance, design, and ergonomics are among the top factors of competition among
2D-barcode vendors. Furthermore, price competitiveness offers an additional advantage to
barcode scanner vendors.
• The market is dominated by - vendors and will continue the same trend over the forecast
period. Continued consolidation is expected with small- and medium-sized companies focused
on niche applications.

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