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Image Based Barcode Reader Market Size in 2029: A Look at Recent Changes and Trends
In recent years, the market size of the image-based barcode reader industry has witnessed robust growth. It is estimated to increase from $1.95 billion in 2024 to $2.08 billion in 2025, with a compound annual growth rate (CAGR) of 6.6%. This growth during the historical period is largely due to an uptick in automation and the advent of Industry 4.
Anticipation is high for significant expansion in the image-based barcode reader market in the upcoming years. It is projected that the market will surge to a worth of $2.66 billion in 2029, exhibiting a compound annual growth rate (CAGR) of 6.3%. This anticipated growth during the forecast period can be associated with the growth of the e-commerce and retail industries, a surge in the adoption of automation and Industry 4.0, an increase in demand for image-based barcode readers and a soaring need for automation. Forecasted trends for this period encompass the incorporation of AI and machine learning, the proliferation of sophisticated barcodes and QR codes, technological innovations, progress in imaging technology, and assimilation with smartphone technology.
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What Core Factors Are Driving the Expansion of the Image Based Barcode Reader Market?
The surge in e-commerce and retail sectors is anticipated to spur advancements in the image based barcode reader market in the future. E-commerce is understood as the online commercial transactions of goods and services, whereas retail includes physical shops as well as online sales platforms. Factors such as the ease of online shopping, the extensive range of commodities on offer, and the growing use of mobile technologies and internet access are contributing to the rising popularity of e-commerce and retail.
Image based barcode readers are a pivotal addition to e-commerce and retail, as they facilitate precise stock control, swifter checkouts, and effective order deliveries by virtue of their ability to interpret different barcode layouts from any angle. For example, the United States Census Bureau, an American government entity, reported in May 2024, that in the initial quarters of the year, e-commerce sales experienced an uptick of 8.5 percent (±1.1%) relative to the first quarter of 2023, alongside an increase of 2.8 percent (±0.5%) in overall retail sales during the same timeframe. Hence, the booming e-commerce and retail sectors are accentuating the demand for image based barcode reader market.
How Is the Image Based Barcode Reader Market Structured Across Key Segments?
The image based barcode reader market covered in this report is segmented –
1) By Type: Handheld Barcode Reader, Stationary Barcode Reader
2) By Technology: S Mounted Lens, C Mounted Lens, Autofocus Or Liquid Based Lens
3) By Connectivity: Universal Serial Bus (USB), Bluetooth, Wi-Fi And POE (Power Over Ethernet)
4) By Application: Retail And Wholesale, Logistics And Warehousing, Industrial Manufacturing, Healthcare
5) By End Use: Retail And Commercial, Manufacturing, Automotive, Food And Beverages, Semiconductors, General Manufacturing, Health Care, Logistics And Warehouse, Commercial Aviation, Defense
Subsegments:
1) By Handheld Barcode Reader: Corded Handheld Barcode Reader, Cordless/ Wireless Handheld Barcode Reader, Bluetooth Handheld Barcode Reader, Rugged Handheld Barcode Reader, 2D Handheld Barcode Reader
2) By Stationary Barcode Reader: Fixed Mount Barcode Reader, Laser-Based Stationary Barcode Reader, 2D Stationary Barcode Reader, Omnidirectional Stationary Barcode Reader, High-Speed Stationary Barcode Reader
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What Innovation Trends Will Redefine the Image Based Barcode Reader Market Landscape?
Leading firms in the image based barcode reader industry are concentrating on creating innovative, high-tech solutions like AI-inclusive barcode reader systems to boost precision, acceleration, and performance in barcode scanning procedures. These AI-inclusive systems are barcode scanner technologies that are improved with the integration of artificial intelligence, allowing sophisticated image processing algorithms to efficiently and speedily decode barcodes in varying angles and situations. For example, in October 2023, the US-based system software enterprise, Cognex Corporation, introduced the DataMan 380 series, a fixed-mount, image-based barcode reader meant to increase throughput and traceability in diverse applications within logistics and manufacturing. These new readers, with a high-resolution CMOS sensor of up to 16.13 MPixel, are designed to raise throughput via the simultaneous processing of 1D and 2D codes using AI-enabled decoding. This is simpler to operate than multiple customary readers and is the perfect solution for robotic pick-and-place, pallet scanning, and tire barcode reading, improving throughput in logistics and manufacturing.
Where Is the Image Based Barcode Reader Market Experiencing the Fastest Regional Growth?
North America was the largest region in the image based barcode reader Market in 2023. The regions covered in the image based barcode reader market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Leading Players Shaping the Future of the Image Based Barcode Reader Industry
Major companies operating in the image based barcode reader market are DENSO Corporation, Honeywell International Inc., Omron Corporation, Zebra Technologies, SICK Vertriebs-GmbH, Cognex Corporation, Datalogic S.p.A., Scandit AG, Blue Bird Corporation, CipherLab Co. Ltd., Code Corporation, Newland Auto-ID Tech Co. Ltd., Jadak a Novanta Company, Argox Information Co. Ltd., RTscan Technology Limited, Socket Mobile Inc., SATO Holdings Corporation, Microscan Systems Inc., Marson Technology Co. Ltd., Opticon Sensors Europe B.V., Axicon Auto ID Ltd., Keyence Corporation, NCR Corporation, MindSEO Lda
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