Identification (ID) Barcode Readers in Factory Automation Market Report 2024

The identification (ID) barcode readers in the factory automation market size have grown strongly in recent years. It will grow from $2.38 billion in 2023 to $2.56 billion in 2024 at a compound annual growth rate (CAGR) of 7.5%. During the historic period, growth can be attributed to enhanced database integration capabilities for efficient data management, automation of data capture and processes, advancements in mobile compatibility for ID barcode scanning, rising adoption of ID barcode reading across diverse industries, and decreased errors in data entry and record-keeping.

The identification (ID) barcode readers in the factory automation market size are expected to see strong growth in the next few years. It will grow to $3.43 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. In the forecast period, growth is driven by the expanding utilization of image recognition applications, heightened demand for precision and reliability in production, adoption of high-speed scanners to accelerate processing, expansion of regulatory requirements and industry standards, and rising necessity for secure and tamper-resistant ID verification. Significant trends anticipated in this period include advancements in ID barcode technology applications, assurance of compliance, enhancement of quality control measures, innovation in product offerings, and the development of advanced barcode readers.

The growth of ID barcode readers in the factory automation market is being driven by the increasing adoption of image recognition applications. Image recognition involves identifying and detecting objects in digital images, crucial for enhancing efficiency, traceability, and reducing errors in production and inventory management processes. ID barcode readers play a pivotal role in this scenario by swiftly and accurately processing information encoded in barcode images, enabling automated data retrieval and management. For example, in January 2022, Capital Economics reported that approximately 2% of businesses are experimenting with AI, with 10% planning adoption. This translates to around 62,000 and 292,000 businesses, respectively. Data management and analysis are the most common AI applications, used by 9% of UK firms, followed by natural language processing (8%), machine learning (7%), AI hardware (5%), and computer vision/image recognition (5%). Therefore, the increased use of image recognition applications significantly contributes to the growth of ID barcode readers in the factory automation market.

Major companies in the ID barcode reader market for factory automation are focusing on advancing ID barcode technology, particularly compact industrial 1D code readers. These scanners are specifically designed for robust performance in manufacturing and logistics settings. For example, in January 2024, Datalogic S.p.A., an Italian industrial automation leader, introduced the Blade Series. This innovative line of compact 1D code readers is tailored for enhancing traceability in packaging and intralogistics. Equipped with a solid-state 1920x128 pixel camera sensor, sophisticated lighting, and precise 1-dimensional decoding capabilities, it reliably identifies labels even in challenging conditions such as discoloration, damage, or low quality.

In June 2021, Brady Corporation, a US-based provider of security software, acquired Code Corporation for approximately $173 million. This strategic move allows Brady Corporation to expand its range of barcode reader devices, specifically aimed at industrial track-and-trace automation applications. Code Corporation, based in the US, specializes in manufacturing 2D barcode readers for factory automation, complementing Brady Corporation's offerings in this sector.

Major companies operating in the identification (ID) barcode readers in factory automation market are Hitachi Ltd., Siemens AG, Qualcomm Technologies Inc., Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Toshiba Corporation, Ricoh Company Ltd., Emerson Electric Co., Rockwell Automation Inc., Keyence Corporation, Omron Electronics LLC, Zebra Technologies, Cognex Corporation, Data Logic S.p.A, Jadak LLC, ECOM Instruments GmbH, Clarifai Inc., Wikitude GmbH, Custom Sensors Inc.

North America was the largest region in the identification (ID) barcode readers in the factory automation market in 2023. The regions covered in the identification (ID) barcode readers in factory automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the identification (ID) barcode readers in factory automation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

Identification (ID) barcode readers play a crucial role in factory automation by scanning and decoding barcode information within industrial environments. These devices are integral to automated systems that track and identify items, parts, or products throughout manufacturing and assembly processes.

The primary technologies employed in ID barcode readers for factory automation include quick response (QR) codes or barcode recognition, object recognition, facial recognition, pattern recognition, and optical character recognition. QR codes and barcodes are machine-readable labels containing information about items or products. These technologies encompass hardware, software, and services deployed via cloud or on-premise solutions. They find application across various sectors such as augmented reality, scanning and imaging, security and surveillance, marketing and advertising, and image search. Industries benefiting from these technologies include automobiles, transportation, banking, financial services, insurance (BFSI), government, healthcare, information technology (IT) and telecom, media and entertainment, retail, and e-commerce.

The identification (ID) barcode readers in factory automation market research report is one of a series of new reports that provides identification (ID) barcode readers in factory automation market statistics, including identification (ID) barcode readers in factory automation industry global market size, regional shares, competitors with a identification (ID) barcode readers in factory automation market share, detailed identification (ID) barcode readers in factory automation market segments, market trends and opportunities, and any further data you may need to thrive in the identification (ID) barcode readers in factory automation industry. This identification (ID) barcode readers in factory automation market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The identification (ID) barcode readers in the factory automation market consist of sales of fixed-mount scanners, handheld scanners, and mobile computers with scanning capabilities. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


This product will be delivered within 3-5 business days.