Automatic Identification and Data Capture Market size was valued at USD 61.45 Bn. in 2023 and the total Automatic Identification and Data Capture revenue is expected to grow by 15.2% from 2024 to 2030, reaching nearly USD 165.45 Bn.
Automatic Identification and Data Capture Market Overview
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the “Automatic Identification and Data Capture Market”. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Automatic Identification and Data Capture Market by thorough analysis, and projections are made up to 2030.
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Automatic Identification and Data Capture Market Scope and Methodology:
The report provide detailed analysis of the Automatic Identification and Data Capture market through various regions and extensive segmentation, offering a definition, description, and prediction. It includes many key market factors, as well as extensive qualitative and quantitative research. These consist of examining the competitive environment, competitor profiles, sector analysis, economic influence, useful perspectives, and market analysis.
The report carefully examines historical data, with a specific emphasis on various market conditions and a detailed assessment of the factors influencing the market, such as drivers, constraints, opportunities, challenges, and emerging trends. The report provides a comprehensive understanding of Automatic Identification and Data Capture market potential, dynamics, growth opportunities, segmented markets, geographic scenarios, competition analysis, and predictions using the appropriate methodology and assumptions. The research also includes an analysis of the value chain, PESTLE, impact, and PORTER's analysis.
Automatic Identification and Data Capture Market Regional Insights
The analysis explores the markets in the Middle East, Africa, South America, Asia Pacific, Europe, and North America extensively. Comprehending the complex workings of the global Automatic Identification and Data Capture market is a crucial component of the regional analysis outlined in the report. The report includes information on the import and export of products, market size, and growth rate for every country. Additionally, the report has also provided a summary of the most recent developments in the global Automatic Identification and Data Capture market in various countries and regions.
Automatic Identification and Data Capture Market Segmentation
In terms of product, the Biometric Systems category held the largest market share in 2023 and is anticipated to expand at a 14.8% compound annual growth rate (CAGR) throughout the forecast period. By the end of the projection, this segment is anticipated to control the majority of the market due to the rising demand for biometric scanners across a range of end-user industries. Biometric devices are commonly used in forensics to detect criminal activity, in cars to enable keyless entry, and in mobile payments to identify users. Similarly, the need for biometric scanners is rising due to the growing use of biometric identification systems, especially for crossing international borders to bolster national security. This is anticipated to fuel sector revenue growth.
Biometrics technology in libraries mostly consists of hardware and software for fingerprint identification. However, some systems make use of retinal scanning. These are mostly used to grant access to computer systems, the internet, the building, doors, and materials found in libraries. It also helps with tracking staff time and attendance, the self-check system, and other related tasks. Western nations have all of these biometric systems because of their strong security requirements and propensity for increased automation.
The radio frequency identification (RFID) systems market is anticipated to expand quickly over the course of the forecast period due to the growing popularity of this wireless technology due to its affordability. Bar codes are gradually being replaced with RFID technology. These have reduced the need for human intervention in routine processing even more. The bar code labels on the books are being replaced by RFID tags. They have shown to be far more effective than bar codes. They don't require a human operator to detect when a book is taken from the shelf and give it to the user because they can be automatically identified by the radio antenna.
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Automatic Identification and Data Capture Market Key Players
1. JADAK Tech (US)
2. Code Corporation (US)
3. IMPINJ Inc. (US)
4. Avery Dennison Corporation (US)
5. Cognex Corporation (US)
6. Zebra Technologies (US)
7. Honeywell International (US)
8. Allien Technology Corporation (US)
9. Epson America Inc. (US)
10. Urovo Technology (China)
11. Shandong New Beiyang (China)
12. Toshiba Tec Corporation (Japan)
13. Denso Wave (Japan)
14. Keyence (Japan)
15. Panasonic (Japan)
16. NEC Corporation (Japan)
17. SATO Worldwide (Japan)
18. Vitronic (Germany)
19. cab Produkttechnik GmbH (Germany)
20. SICK AG (Germany)
21. Opticon Sensors Europe B.V. (Netherlands)
22. Newland Europe BV (Netherlands)
23. NXP Semiconductors (Netherlands)
24. Godex International (Taiwan)
25. TSC Auto ID Technology Co., Ltd. (Taiwan)
26. Unitech Electronics Co. Ltd (Taiwan)
27. Datalogic S.p.A (Italy)
28. Bluebird Inc. (South Korea)
29. Better Online Solutions Ltd. (Israel)
30. Axicon Auto ID Ltd. (UK)
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Key questions answered in the Automatic Identification and Data Capture Market are:
- What is Automatic Identification and Data Capture?
- What was the Automatic Identification and Data Capture Market size in 2023?
- What will be the CAGR at which the Automatic Identification and Data Capture Market will grow?
- What are the upcoming industry applications and trends for the Automatic Identification and Data Capture Market?
- What are the recent industry trends that can be implemented to generate additional revenue streams for the Automatic Identification and Data Capture Market?
- Who are the key players in the Automatic Identification and Data Capture Market?
- Who are the leading companies and what are their portfolios in Automatic Identification and Data Capture Market?
- What is the growth rate of the Automatic Identification and Data Capture Market?
- What are the different segments of the Automatic Identification and Data Capture Market?
- What growth strategies are the players considering to increase their presence in Automatic Identification and Data Capture?
- What segments are covered in the Automatic Identification and Data Capture Market?
- Which are the factors expected to drive the Automatic Identification and Data Capture market growth?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2022)
- Past Pricing and price curve by region (2018 to 2022)
- Market Size, Share, Size & Forecast by different segment | 2024−2030
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of Business by Region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Maximize Market Research:
Maximize Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.
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