Global Automatic Identification and Data Capture Market

Automatic Identification And Data Capture Market Size, Share, Growth Analysis, By Product(Scanner & Reader, Biometric Scanners, Printer & Recorder, Others), By Technology(Barcode, RFID, Biometrics, Smart Cards), By End-User(Retail, Manufacturing, Transport & logistics, Banking), By Offering(Hardware, Solutions, Services), By Region - Industry Forecast 2024-2031


Report ID: SQMIG45E2175 | Region: Global | Published Date: April, 2024
Pages: 220 |Tables: 125 |Figures: 77

Automatic Identification And Data Capture Market Insights

Global Automatic Identification And Data Capture Market size was valued at USD 47.95 billion in 2019 and is poised to grow from USD 54.34 billion in 2023 to USD 131.48 billion by 2031, growing at a CAGR of 11.7% in the forecast period (2024-2031).

The improved technique of automatic asset and object identification, information gathering, and data recording into computer systems is known as automatic identification and data capture (AIDC) or automatic data capture system. The management of assets, objects, deliveries, inventories, and documents across the manufacturing, distribution, retail, government, and healthcare sectors is another goal of AIDC systems. Additionally, automatic identification and data capture are thought to include technologies like radio frequency identification (RFID), optical character recognition (OCR), bar codes, biometrics, voice recognition, and QR codes (AIDC).

AIDC is a method created to collect outside data like voice, images, and videos. A transducer is used by AIDC to digitize and record real-world data. The additional categories that AIDC applications fall under include tracking validation, interfaces, and identification. Additionally, the demand for smartphones is expected to increase in the coming years, which will fuel the growth of the automatic identification and data capture market. The global market for automatic identification and data capture is also experiencing a boom.

US Automatic Identification And Data Capture Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 47.95 billion

Largest Segment

Manufacturing

Fastest Growth

Manufacturing

Growth Rate

11.7% CAGR

Global Automatic Identification and Data Capture Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)

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Automatic Identification And Data Capture Market Segmental Analysis

Automatic Identification and Data Capture Market is segmented on the basis of product, technology, end-user, offering, and region. Based on product, the Automatic Identification and Data Capture Market is segmented into scanner & reader, biometric scanners, printer & recorder and other segments. On the basis of technology, the Automatic Identification and Data Capture Market is bifurcated in barcode, RFID, biometrics, smart cards, magnetic strips, OCR. Based on end-user, the Automatic Identification and Data Capture Market is segmented into retail, manufacturing, transport & logistics, banking and financial, healthcare and other segments. Based on offering, the Automatic Identification and Data Capture Market is segmented into Hardware, Solutions and Services. Based on Region, the global Automatic Identification and Data Capture Market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.

Automatic Identification and Data Capture Market Analysis by End-User

The industry's growth is anticipated to be led by the healthcare sector. The demand for the integration of AIDC tools in the current healthcare infrastructure is being driven by factors like the growing need for better care management, increasing patient safety, improving operational efficiency of the healthcare workforce, reducing medication errors, and shortening caregiver response times. Additionally, over the past ten years, a number of governments have put various laws into place around the world to encourage the use of AIDC technologies in the healthcare sector and address the problem of rising medication errors and their associated increases in healthcare spending.

Global Automatic Identification and Data Capture Market By End-User , 2021(%), 2023 (%)

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Automatic Identification And Data Capture Market Regional Insights

Asia Pacific would hold the largest market share for AIDC. During the forecast period, the AIDC market in Asia Pacific is anticipated to grow at the highest CAGR. Due to the increased purchasing power of the middle class, many retail and logistics companies are expanding their presence in the area, which has fueled the expansion of the automatic identification and data capture market there. Additionally, a number of key market players, including Panasonic (Japan), SATO (Japan), Toshiba (Japan), Godex (Taiwan), and Optoelectronics (Japan), are highly concentrated in the area, which is likely to fuel the expansion of the automatic identification and data capture market in Asia Pacific.

Global Automatic Identification and Data Capture Market By Geography, 2021 - 2028, 2024-2031
  • Largest
  • Fastest

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Automatic Identification And Data Capture Market Dynamics

Automatic Identification and Data Capture Market Driver

  • The major drivers that are anticipated to propel the growth of the Automatic Identification and Data Capture market over the course of the analysis period include the expanding global e-commerce sector, rising smartphone use for QR code scanning and image recognition, rising adoption of AID solutions due to their capacity to reduce transaction and queue times, and offer users greater convenience when making small-value payments.
  • Other factors that are anticipated to spur the growth of the Automatic Identification and Data Capture market during the forecast period include banking and financial institutions' rapid adoption of these solutions to guarantee customer safety and security as well as data privacy.

Automatic Identification and Data Capture Market Restraint 

  • One of the key factors anticipated to restrict the growth of the automatic identification and data capture market during the forecast period is the high cost associated with installing these systems. Additionally, over the course of the analysis period, the market for automatic identification and data capture is expected to face challenges due to the rise in worries about malware attacks and security breaches.

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Automatic Identification And Data Capture Market Competitive Landscape

To gain a competitive edge in the market for healthcare automatic identification and data capture, the market players are investing in strategies such as product launches, acquisitions, expansions, and collaborations. For instance, Datalogic S.p.A. introduced the Smart-VS. This device can precisely detect the presence or absence of components like caps, labels, and prints on filling lines, among others. Regarding the market for automatic identification and data capture in healthcare, the company widened its product portfolio.

Automatic Identification and Data Capture Market Top Players Company Profiles 

  • Zebra Technologies Corporation
  • Honeywell International Inc.
  • Datalogic S.p.A.
  • Bluebird Inc.
  • Sick AG
  • NCR Corporation
  • Denso Wave Incorporated
  • Impinj Inc.
  • Cognex Corporation
  • Toshiba Corporation
  • Avery Dennison Corporation
  • Motorola Solutions Inc.
  • Alien Technology LLC
  • SATO Holdings Corporation
  • CipherLab Co., Ltd.
  • Axicon Auto ID Ltd.
  • Opticon Sensors Europe B.V.
  • Janam Technologies LLC
  • Newland EMEA
  • Zebex Industries Inc.

Automatic Identification and Data Capture Market Recent Developments

  • In February 2022, an updated strategy for the AIDC market was introduced by AIM, an industry alliance for automated data-capture systems. These standards are created and managed by AIM in partnership with organizations that share its values, and they are constantly updated to reflect the shifting needs of the market.
  • In March 2021, a thermal barcode label printer was introduced by TSC Printronix Auto ID, a pioneer in thermal barcode printing technology. With the enhanced T6000e's ability to print, encode, and perform barcode verification all at once, one printer can now perform and save money where previously multiple devices were required.

Automatic Identification And Data Capture Key Market Trends

  • Because of inaccurate data capture, human error, or deliberate evasion, governments worldwide frequently experience significant losses in exercise and customs. Government organizations from all over the world have created and put into effect a number of laws to improve the adoption of AIDC technologies in a variety of industries. These rules and regulations are intended to assist organizations in ensuring better information visibility, increasing operational efficiency, lowering operating costs through accurate data capture and a reduction in data entry errors, and raising customer satisfaction.

Automatic Identification And Data Capture Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.

According to our analysis, the global automatic identification and data capture market is segmented on the basis of product, technology, end-user, and region. The market for automatic identification and data capture (AIDC) is expected to reach US$ 93.4 billion. To increase product adoption, manufacturers are developing cutting-edge barcode scanners. The industry's growth is anticipated to be led by the healthcare sector. The demand for the integration of AIDC tools in the current healthcare infrastructure is being driven by factors like the growing need for better care management, increasing patient safety, improving operational efficiency of the healthcare workforce, reducing medication errors, and shortening caregiver response times. Asia Pacific would hold the largest market share for AIDC. During the forecast period, the AIDC market in Asia Pacific is anticipated to grow at the highest CAGR.

Report Metric Details
Market size value in 2023 USD 47.95 billion
Market size value in 2031 USD 131.48 billion
Growth Rate 11.7%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Product
    • Scanner & Reader, Biometric Scanners, Printer & Recorder, Others
  • Technology
    • Barcode, RFID, Biometrics, Smart Cards, Magnetic Strips, OCR
  • End-User
    • Retail, Manufacturing, Transport & logistics, Banking, Financial, Healthcare, Others
  • Offering
    • Hardware, Solutions, Services
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Zebra Technologies Corporation
  • Honeywell International Inc.
  • Datalogic S.p.A.
  • Bluebird Inc.
  • Sick AG
  • NCR Corporation
  • Denso Wave Incorporated
  • Impinj Inc.
  • Cognex Corporation
  • Toshiba Corporation
  • Avery Dennison Corporation
  • Motorola Solutions Inc.
  • Alien Technology LLC
  • SATO Holdings Corporation
  • CipherLab Co., Ltd.
  • Axicon Auto ID Ltd.
  • Opticon Sensors Europe B.V.
  • Janam Technologies LLC
  • Newland EMEA
  • Zebex Industries Inc.
Customization scope

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  • Company profile
  • Market dynamics & outlook
  • Region

Historical Year 2019

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Automatic Identification And Data Capture Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Automatic Identification And Data Capture Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Automatic Identification And Data Capture Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Automatic Identification And Data Capture Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Automatic Identification And Data Capture Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Automatic Identification And Data Capture Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Automatic Identification And Data Capture Market size was valued at USD 47.95 billion in 2019 and is poised to grow from USD 54.34 billion in 2023 to USD 131.48 billion by 2031, growing at a CAGR of 11.7% in the forecast period (2024-2031).

To gain a competitive edge in the market for healthcare automatic identification and data capture, the market players are investing in strategies such as product launches, acquisitions, expansions, and collaborations. For instance, Datalogic S.p.A. introduced the Smart-VS. This device can precisely detect the presence or absence of components like caps, labels, and prints on filling lines, among others. Regarding the market for automatic identification and data capture in healthcare, the company widened its product portfolio. 'Zebra Technologies Corporation', 'Honeywell International Inc.', 'Datalogic S.p.A.', 'Bluebird Inc.', 'Sick AG', 'NCR Corporation', 'Denso Wave Incorporated', 'Impinj Inc.', 'Cognex Corporation', 'Toshiba Corporation', 'Avery Dennison Corporation', 'Motorola Solutions Inc.', 'Alien Technology LLC', 'SATO Holdings Corporation', 'CipherLab Co., Ltd.', 'Axicon Auto ID Ltd.', 'Opticon Sensors Europe B.V.', 'Janam Technologies LLC', 'Newland EMEA', 'Zebex Industries Inc.'

The major drivers that are anticipated to propel the growth of the Automatic Identification and Data Capture market over the course of the analysis period include the expanding e-commerce sector, rising smartphone use for QR code scanning and image recognition, rising adoption of AID solutions due to their capacity to reduce transaction and queue times, and offer users greater convenience when making small-value payments.

Because of inaccurate data capture, human error, or deliberate evasion, governments worldwide frequently experience significant losses in exercise and customs. Government organizations from all over the world have created and put into effect a number of laws to improve the adoption of AIDC technologies in a variety of industries. These rules and regulations are intended to assist organizations in ensuring better information visibility, increasing operational efficiency, lowering operating costs through accurate data capture and a reduction in data entry errors, and raising customer satisfaction.

Asia Pacific would hold the largest market share for AIDC. During the forecast period, the AIDC market in Asia Pacific is anticipated to grow at the highest CAGR. Due to the increased purchasing power of the middle class, many retail and logistics companies are expanding their presence in the area, which has fueled the expansion of the automatic identification and data capture market there. Additionally, a number of key market players, including Panasonic (Japan), SATO (Japan), Toshiba (Japan), Godex (Taiwan), and Optoelectronics (Japan), are highly concentrated in the area, which is likely to fuel the expansion of the automatic identification and data capture market in Asia Pacific.

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