Dublin, April 17, 2024 (GLOBE NEWSWIRE) -- The "Automatic Identification and Data Capture Market Report by Offering, Product Type, Vertical, and Region 2024-2032" report has been added to ResearchAndMarkets.com's offering.
The global automatic identification and data capture (AIDC) market size reached US$ 56.5 Billion in 2023. Looking forward, the market to reach US$ 158.7 Billion by 2032, exhibiting a growth rate (CAGR) of 12.2% during 2023-2032. Rapid digitization, increasing automation, and the rising need for supply chain management represent some of the key factors driving the market.
North America (the United States and Canada) was the largest market for automatic identification and data capture (AIDC). Some of the factors driving the North America automatic identification and data capture (AIDC) market included its aging population, technological advancements, high healthcare expenditure, etc.
Tthe rising need for supply chain management in numerous industries is catalyzing the demand for identification and data capture technologies, such as barcodes, RFID tags, and QR codes to provide real-time tracking and tracing. This, in confluence with rapid digitization and the growing automation across industries, represents one of the key factors positively influencing the market across the globe.
Apart from this, the introduction of advanced technologies, such as artificial intelligence (AI) and machine learning (ML), in AIDC solutions to process, manage, store, and share data without human intervention and improve performance to provide more value to customers. Moreover, the increasing adoption of AIDC systems for data security in financial institutions is creating a favorable market outlook.
In line with this, the burgeoning healthcare industry and the increasing utilization of AIDC for accurate capturing of data and enhanced operational efficiency are fueling the market growth. Furthermore, governments of various countries are implementing regulations for tracking and tracing pharmaceuticals. This, coupled with stringent policies for food safety, is stimulating the growth of the market worldwide.
Key Market Segmentation:
The report has provided a detailed breakup and analysis of the automatic Identification and data capture (AIDC) market based on the offering. This includes hardware, software, and services. According to the report, hardware represented the largest segment.
A detailed breakup and analysis of the automatic identification and data capture (AIDC) market based on the product type has also been provided in the report. This includes barcode scanners, magnetic stripe cards, smart cards, optical character recognition (OCR) systems, RFID products, and biometric systems. According to the report, smart cards accounted for the largest market share.
A detailed breakup and analysis of the automatic identification and data capture (AIDC) market based on the vertical has also been provided in the report. This includes manufacturing, retail, transportation and logistics, banking and finance, healthcare, government, and others. According to the report, manufacturing accounted for the largest market share.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global automatic identification and data capture (AIDC) market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report.
Key Questions Answered in This Report
- How big is the global Automatic Identification and Data Capture (AIDC) market?
- What is the expected growth rate of the global Automatic Identification and Data Capture (AIDC) market during 2024-2032?
- What are the key factors driving the global Automatic Identification and Data Capture (AIDC) market?
- What has been the impact of COVID-19 on the global Automatic Identification and Data Capture (AIDC) market?
- What is the breakup of the global Automatic Identification and Data Capture (AIDC) market based on the offering?
- What is the breakup of the global Automatic Identification and Data Capture (AIDC) market based on the product type?
- What is the breakup of the global Automatic Identification and Data Capture (AIDC) market based on the vertical?
- What are the key regions in the global Automatic Identification and Data Capture (AIDC) market?
- Who are the key players/companies in the global Automatic Identification and Data Capture (AIDC) market?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 141 |
| Forecast Period | 2023 - 2032 |
| Estimated Market Value (US$) in 2023 | US$56.5 Billion |
| Forecasted Market Value (US$) by 2032 | US$158.7 Billion |
| Compound Annual Growth Rate | 12.2% |
| Regions Covered | Global |
Companies Featured
- Alien Technology LLC
- Cognex Corporation
- Datalogic S.p.A. (Hydra SpA)
- Epson America Inc. (Seiko Epson Corporation)
- Godex International Co Ltd.
- Honeywell International Inc.
- NEC Corporation
- NXP Semiconductors N.V.
- Sato Holdings Corporation
- Sick AG
- Synaptics Incorporated
- Toshiba TEC Corporation
- TSC Auto ID Technology Co. Ltd
- Zebra Technologies Corporation
For more information about this report visit https://www.researchandmarkets.com/r/b6zz77
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
Attachment
