Automatic Identification and Data Capture Market with COVID-19 Impact Analysis by Product, Offering, Vertical, and Geography – Global Forecast to 2025
October 12, 2020
DUBLIN, Oct. 12, 2020 /PRNewswire/ — The “Automatic Identification and Data Capture Market with COVID-19 Impact Analysis by Product (Barcodes, Smart Cards, OCR Systems, RFID Products, and Biometric Systems), Offering (Hardware, Software, and Services), Vertical, and Geography – Global Forecast to 2025” report has been added to ResearchAndMarkets.com’s offering.
The overall AIDC market is expected to grow from USD 40.1 billion in 2020 to USD 80.3 billion by 2025; it is expected to grow at a CAGR of 14.9% during 2020-2025.
Key factors fueling the growth of this market include growing e-commerce industry globally; increasing use of smartphones for QR code scanning and image recognition; rising adoption of AIDC solutions due to their ability to minimize queuing and transaction time and provide greater convenience to users in making small-value payments; and surging adoption of AIDC solutions by banking and financial institutions to ensure customer safety and security, along with data privacy. An increasing number of patients and deaths due to COVID-19 will force all the countries to increase their healthcare expenditure, which is expected to have a positive impact on the growth of the market for AIDC products.
VR solutions to witness the highest CAGR in AIDC market during the forecast period.
The market for virtual reality (VR) solutions is expected to grow at the highest CAGR within the global automatic identification and data capture market during the forecast period. VR solutions work on the principle of vision picking where order pickers in a warehouse or a retail store can view pick information within their field of vision through smart glasses, rather than looking at their mobile terminal device screen.
Hospitality vertical to witness the highest CAGR in AIDC market during 2020-2025.
The market for the hospitality vertical is expected to grow with the highest CAGR during the forecast period. Automatic identification and data capturing products, such as barcoding solutions, RFID systems, OCR systems, and biometric systems, are increasingly being used by many hotels and restaurants to enhance the guest experience, increase operational efficiency, accelerate service delivery speed, as well as for mobile payment and ordering, inventory management, and food safety tracking.
APAC is expected to hold a largest share of AIDC market by 2025.
The AIDC market in APAC is expected to grow at the highest CAGR during the forecast period. Many retail and logistics companies are expanding their presence in the region to capitalize on the increased purchasing power of the middle-class people, which has led to the growth of the automatic identification and data capture market in the region. Moreover, the significant presence of several market players, such as Panasonic (Japan), SATO (Japan), Toshiba (Japan), Godex (Taiwan), and Optoelectronics (Japan), in the region is likely to propel the growth of the automatic identification and data capture market in APAC.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in Automatic Identification and Data Capture Market 4.2 Automatic Identification and Data Capture Market in Apac, by Country and Vertical 4.3 Automatic Identification and Data Capture Market, by Product 4.4 Automatic Identification and Data Capture Market, by Offering 4.5 Automatic Identification and Data Capture Market, by Vertical 4.6 Global Automatic Identification and Data Capture Market, by Country
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 184.108.40.206 Growing E-Commerce Industry Globally 220.127.116.11 Increasing Use of Smartphones for QR Code Scanning and Image Recognition 18.104.22.168 Rising Adoption of AIDC Solutions due to Their Ability to Minimize Queuing and Transaction Time and Provide Greater Convenience to Users in Making Small-Value Payments 22.214.171.124 Surging Adoption of AIDC Solutions by Banking and Financial Institutions to Ensure Customer Safety and Security, Along with Data Privacy 5.2.2 Restraints 126.96.36.199 High Installation Cost of AIDC Solutions 5.2.3 Opportunities 188.8.131.52 Growing Focus of Enterprises to Implement New and Improved Supply Chain Management Tools, Along with Rising Requirement for AIDC Products from Global Healthcare Centers 184.108.40.206 Imposing Governments Regulations for Adoption of AIDC Solutions 5.2.4 Challenges 220.127.116.11 Malware Attacks and Security Breaches
6 Industry Trends 6.1 Value Chain Analysis 6.2 AIDC Ecosystem 6.3 Key Use Cases 6.3.1 Mcelroy Manufacturing Has Selected Getac’s Zx70 Rugged Tablet for Measuring Accuracy and Efficiency in Pipeline Fusions 6.3.2 Eurostar Has Initiated Biometric-Enabled Boarding for UK Passengers 6.3.3 Silk Contract Logistics Has Implemented Zebra Technologies’ Voice-Directed Warehousing Solution 6.4 Average Selling Price 6.5 Impact of COVID-19 on Automatic Identification and Data Capture Market 7 Automatic Identification and Data Capture Market, by Product 7.1 Introduction 7.2 Barcoding Solutions 7.2.1 Barcode Scanners 18.104.22.168 Barcode Scanners Help Interpret Single-Dimensional and Two-Dimensional Barcodes or QR Codes 7.2.2 Barcode Printers 22.214.171.124 Barcode Printers are Used for Printing Barcode Labels or Tags That Can be Applied Over Packets, Cartons, and Objects 7.2.3 Laser Scanners 126.96.36.199 Short-Range Laser Scanners 188.8.131.52.1 Short-Range Laser Scanners are Known for Their High Accuracy 184.108.40.206 Long-Range Laser Scanners 220.127.116.11.1 Long-Range Laser Scanners are Useful in Scanning Large Structures Such as Buildings, Bridges, Tunnels, and Marine Ships 18.104.22.168.2 Cmm Based 22.214.171.124.2.1 Cmm-Based Laser Scanners Offer High Accuracy 126.96.36.199.3 Arm Based 188.8.131.52.3.1 Arm-Based Laser Scanners are Portable and Offer Good Accuracy for Parts Ranging from Small to Medium Sizes 184.108.40.206.4 Single Point 220.127.116.11.4.1 Single-Point Laser Scanners are Used to Measure Height, Thickness, and Surface Roughness 18.104.22.168.5 Handheld Terminal 22.214.171.124.5.1 Handheld Terminal Long-Range Laser Scanners are Used for Capturing Large Objects 7.2.4 Rugged Tablets 126.96.36.199 Handheld 188.8.131.52.1 Handheld Rugged Tablets are Ideal for Outdoor Applications due to Their Ability to Withstand Harsh Weather Conditions 184.108.40.206 Vehicle Mounted 220.127.116.11.1 Advantages of Vehicle-Mounted Rugged Tablets Include Increased Workforce Productivity and Ease of Operation 7.3 Smart Cards 7.3.1 Contact-Based Smart Cards 18.104.22.168 Single-Function Smart Cards are Most Cost-Effective, while Multiple-Function Smart Cards are Supported by Added Memory 7.3.2 Contactless Smart Cards 22.214.171.124 Contactless Smart Cards are Increasingly Used in Retail Stores for Faster Payments 7.4 Magnetic Stripe Cards 7.4.1 Credit Cards and Debit Cards are Key Examples of Magnetic Stripe Cards 7.5 Optical Character Recognition (Ocr) Systems 7.5.1 Optical Character Recognition (Ocr) Technology is Used for Verification of Documents 7.6 Rfid Systems 7.7 Wearables 7.8 Vr Solutions 7.9 Biometric Systems 7.10 Heads-Up Displays 7.11 Google Glass 7.12 Voice-Directed Wms 8 Automatic Identification and Data Capture Market, by Offering 8.1 Introduction 8.2 Hardware 8.2.1 Hardware Offerings to Account for Largest Market Share in 2025 8.3 Software 8.3.1 Deployment of Software in AIDC Solutions Enables Their Use in Tracking, Identification, and Validation Applications 8.3.2 Honeywell 8.3.3 Zebra Technologies 8.3.4 Lucas Systems 8.3.5 Voxware 8.3.6 Ivanti 8.4 Services 8.4.1 Market for Services to Grow at Highest Growth Rate During Forecast Period
9 Automatic Identification and Data Capture Market, by Vertical 9.1 Introduction 9.2 Manufacturing 9.2.1 Smartphone Manufacturers 126.96.36.199 Major Smartphone Manufacturers are Using 2-Dimensional Barcode Scanners for Mobile Payment Solutions 9.2.2 Automobile Manufacturers 188.8.131.52 Automobile Companies are Using Several AIDC Solutions to Streamline Their Supply Chain and Automation Processes 9.2.3 Food & Beverage Companies 184.108.40.206 AIDC Solutions Help Food & Beverage Companies for Tracking Food Items 9.3 Banking & Finance 9.3.1 Banking and Financial Institutions Increasingly Rely on Biometrics to Authenticate Their Customers while Using Services 9.4 Healthcare 9.4.1 AIDC Technologies are Cost-Effective Alternatives Used to Accurately Identify and Track Patients 9.5 Retail 9.5.1 Warehousing and Distribution Centers 220.127.116.11 Warehousing and Distribution Centers Adopt AIDC Solutions Owing to Their Ability to Decrease Operational Costs and Human Errors 9.5.2 Supermarkets 18.104.22.168 AIDC Solutions are Being Used in Supermarkets for Efficient Tracking of Several Items 9.5.3 Home Improvement Stores 22.214.171.124 Laser Scanners, Barcode Printers, and Rugged Tablets Find Applications in Home Improvement Stores 9.5.4 Department Stores 126.96.36.199 Barcode Scanners, Rfid Scanners, and Ocr Systems are Deployed Across Several Department Stores to Manage Customers Efficiently 9.5.5 Apparel-Footwear-Accessories 188.8.131.52 Use of AIDC Solutions in Apparel and Footwear Stores Has Been Proven to Reduce Theft and Duplication 9.5.6 E-Commerce Companies 184.108.40.206 E-Commerce Companies Have Witnessed Increasing Use of AIDC Solutions for Product Identification and Order Tracking Applications 9.6 Government 9.6.1 AIDC Products are Deployed in Government Sector for Equipment Management and Inventory Management Applications 9.7 Hospitality 9.7.1 AIDC Technologies are Utilized in Hotels and Restaurants for Mobile Payments and Ordering and Inventory Management Applications 9.8 Transportation & Logistics 9.9 Others 10 Geographic Analysis 10.1 Introduction 10.2 North America 10.3 Europe 10.4 APAC 10.5 Row
11 Competitive Landscape 11.1 Introduction 11.2 Ranking Analysis of Players in Automatic Identification and Data Capture Market 11.3 Competitive Leadership Mapping 11.3.1 Visionary Leaders 11.3.2 Dynamic Differentiators 11.3.3 Innovators 11.3.4 Emerging Companies 11.4 Competitive Benchmarking 11.4.1 Strength of Product Portfolio (25 Companies) 11.4.2 Business Strategy Excellence (25) Companies 11.5 Competitive Scenario 11.5.1 Expansions 11.5.2 Product Launches 11.5.3 Mergers and Acquisitions 11.5.4 Contracts, Partnerships, Agreements, and Collaborations 12 Company Profiles 12.1 Key Players 12.1.1 Honeywell 12.1.2 Datalogic 12.1.3 Zebra Technologies 12.1.4 Sick Ag 12.1.5 Cognex 12.1.6 Toshiba 12.1.7 Getac 12.1.8 Dell 12.1.9 Samsung 12.1.10 Panasonic 12.2 Right to Win 12.2.1 Honeywell 12.2.2 Datalogic 12.2.3 Zebra Technologies 12.2.4 Sick Ag 12.2.5 Cognex 12.3 Other Companies 12.3.1 Avery Dennison 12.3.2 Epson 12.3.3 NCR 12.3.4 Casio 12.3.5 Denso Wave 12.3.6 M3 Mobile 12.3.7 Sato 12.3.8 Synaptics 12.3.9 NXP 12.3.10 NEC
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