Barcode Scanner Market - Forecasts from 2023 to 2028

The barcode scanner market size was valued at US$2.751 billion in 2021 and is expected to grow at a CAGR of 4.42% to reach US$3.723 billion by 2028.

Businesses employ barcode scanners to capture and read data from a barcode. A barcode scanner sends a light beam over the barcode, and the amount of light reflected is then measured. A laser, image, or slot scanner is commonly used by businesses to read one-dimensional barcodes. Mobile computers can scan documents as well. Barcode scanners can be linked to a computer via a keyboard port, serial port, or wedge-shaped interface. Retail point-of-sale systems, inventory management, and asset performance management are among the most prevalent applications for barcode readers (APM). These are used in retail POS systems to read product data to be added to the customer's purchase total. In supply chain applications, inventory management systems use barcode scanners to track products from when they are received into the warehouse until they are transported out.

The digitalization of the public distribution system and the rise in E- retailers contribute to the growth of the barcode scanner market. The exponential growth in the use of barcode scanners by manufacturers, retailers, vendors, and suppliers across various industries, such as logistics and warehouse, retail & e-commerce, is the primary driver of the industry. It is the most crucial device in these organizations for gathering and storing product information like cost, selling price, expiration date, serial number, etc. The number of online retailers has increased as a result. AIS (automatic identification system) technology utilizing barcodes is witnessing increased demand. Barcode scanners are also seeing an increase in demand in the healthcare industry, where they are used to maintain medical information and prevent data inaccuracies.

Additionally, the funding and expenditures made by businesses in this industry have helped this market grow and evolve technologically. For instance, Scandit, a barcode scanning technology business that relies on AR and computer vision, raised US$80 million in a series C round of fundraising in May 2020 under the leadership of G2VP. The funding reflected a rise in demand for "click and collect" services and home deliveries, which often rely on mobile scanning devices at different points along a product's path from a warehouse to a customer's home.

Market Developments:

• The Samsung Galaxy XCover6 Pro received specialized data collection and charging solutions from KOAMTAC® Inc. in December 2022. This company produces ConvergedScanTM solutions, including software barcode decoders, companion barcode scanners, and barcode Sleds. The Samsung Galaxy XCover6 Pro was designed exclusively to work with the newest, portable SmartSled® scanning system, the SKX6Pro. The SKX6Pro features quick and accurate barcode scanning, compatibility with various partners and accessories, a tough IP67 build, and an advanced development tool.
• Scanbot SDK unveiled a brand-new demo app in October 2022 to highlight the features of their quick and dependable Barcode Scanner SDK. Any smartphone, tablet, or wearable device may be converted into a reliable and simple barcode scanner using the Scanbot Barcode Scanner SDK. It uses computer vision and machine learning technologies to produce quick, precise scanning results in under 0.2 seconds. Customers may anticipate speed and dependability from the SDK when integrating it into their own mobile or web apps, as seen by the demo app. Users of the software can scan 1D and 2D barcodes one at a time or in groups.

The barcode scanner market is primarily concentrated in North America and Asia Pacific.

The Asia-Pacific region accounted for a sizeable portion of the barcode scanner market in 2021. China was the primary producer and exporter of barcode scanners in 2021. Due to the dense population and expanding retail sector, the barcode scanner market is anticipated to grow over the forecast period. Further, the North American region held a decent share of the barcode scanners market due to the existence of large E-commerce giants like Amazon and Walmart in the nation. The growth in the warehouse sector is expected to drive the American barcode scanner industry.

By type, portable barcode scanners are more widely used, account for a sizeable portion of the market, and are anticipated to expand considerably throughout the forecast period.

Optical character recognition (OCR) technology is used by portable barcode scanners, USB- or battery-powered hardware devices that take pictures of scanned documents and turn them into digital data. One of the main driving forces behind the expansion of the portable barcode scanners market is the growing tendency toward miniaturization in the electronic sector, which is being accompanied by rising smartphone sales and increased use of wireless communication technologies. Additionally, the need for wireless portable barcode scanners is growing in the corporate sector for scanning cards, receipts, and documents. These scanners are also used in hospitals to improve patient care, in pharmacies to inspect medications, and to digitize medical information.

Market Segmentation:

By End-User

• Retail & Commercial
• Manufacturing
• Healthcare
• Logistics & Warehouse
• Commercial Aviation
• Defense
• Others

By Type

• Portable
• Fixed

By Technology

• Pen wands
• Slot scanner
• Charge-Couple Device (CCD) scanner
• Image scanner
• Laser scanner

By Geography

• North America
  • USA
  • Canada
  • Mexico
• South America
  • Brazil
  • Argentina
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Spain
  • Others
• Middle East And Africa
  • Saudi Arabia
  • UAE
  • Other
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Taiwan
  • Others