2D BARCODE READER MARKET

KEY FINDINGS

• The size of 2D Barcode Reader Market was valued at $ 2.65 Billion in 2022 and is projected to reach $ 4.01 Billion by 2030, growing at a CAGR of 5.5% from 2023 to 2030.​
• From retail checkouts and warehouse sorting to manufacturing, floor tracking and healthcare patient identification, 2D barcodes and their readers adapt to diverse application needs. This versatility fuels their adoption across various industries.​
• The need for transparent and reliable tracking is surging, especially in sectors like logistics and supply chain management. 2D barcodes, with their rich data storage capabilities, enable comprehensive product or asset tracking, enhancing visibility, accountability, and quality control.​
• The 2D Barcode Reader Market is expected to witness notable growth during the forecast period, owing to an increase in opportunities for Industry 4.0 across the manufacturing sector and the increase in the use of improved laminators in automotive usage.​
• Advancements in image recognition, machine learning, and artificial intelligence can enhance the scanning capabilities of 2D barcode readers. This includes faster and more accurate decoding of various barcode types.​
• Scanners are becoming increasingly connected, seamlessly integrating with IoT platforms and cloud-based systems. This allows for real-time data sharing, analysis, and remote monitoring, unlocking new avenues for data-driven decision-making.
• The top three major players in 2D barcode reader market are Honeywell International, Zebra Technologies and Brady Corporation  with market share of about  6%, 5% and 6% respectively.​
• Honeywell with expertise in Barcode scanner is one of the market leaders in 2022, but will be challenged by various players in the forecast period​
• Cognex-Renowned for their vision systems and machine learning expertise, Cognex leverages this knowledge to create intelligent scanners with advanced capabilities like code identification and error correction.​
• Zebra– a leader in AI-powered SaaS solutions for retail and consumer products – was ranked fifth-best overall in the 2024 RIS Software Leader Board, moving up one spot over last year.

INTRODUCTION TO2D BARCODE READER MARKET

One of the most crucial components of Automatic Identification and Data Capture (AIDC) is barcode technology; by analyzing a barcode, we can retrieve encoded data.

We classify barcodes into two groups based on how they are encoded: one-dimensional barcodes and two-dimensional barcodes. A one-dimensional barcode typically comprises parallel lines with different widths and spacings.

A graphic picture that contains data both horizontally and vertically is a two-dimensional barcode. The following benefits of a two-dimensional barcode over a one-dimensional barcode: high data capacity; lack of further storage; and capacity for error correction.

One of the most often used two-dimensional barcodes is the Quick Response (QR) code. Although the QR code was initially developed for the automotive sector, it is today utilized for a far wider range of purposes, such as identification verification, business tracking, and transportation ticketing.

The benefits of QR codes are numerous. First, the greatest error correction level for QR codes can restore 30% of the original data. Second, because the percentage of position detection patterns is unaffected by the direction of scanning, QR codes can be read from any angle. Third, several encoding types and versions are supported by QR codes. To make the QR code image smaller, we can select the right encoding type and version.

2D BARCODE READER MARKET SIZE AND FORECAST

The Global 2D barcode reader market accounted for $2.6 Billion in 2022 and is anticipated to reach $4 Billion by 2030, registering a CAGR of 4.8% from 2024 to 2030.

2D BARCODE READER MARKETNEW PRODUCT LAUNCH

Two new two-dimensional (2D) scanners have been introduced in India, according to Zebra Technologies Corporation. Zebra's latest line of 12 extremely tough scanners, the 3600 Series, provides extended durability, improved scan performance, and unmatched manageability in severe industrial situations.

The DS4308-XD, designed specifically for the fabrication of electronic components, can read various barcodes and marks that are imprinted on circuit boards and other electronic parts.

This advanced scanning technology allows for the tracking of every component on the assembly line.Since 2D barcodes can encode more data than 1D barcodes, there has been a continuous transition in the industry.

Accordingly, the global scanner market is rapidly shifting investments, exceeding industry estimates by shifting from conventional laser scanners to camera-based 2D imagers. Additionally, the market for 2D imagers has expanded at a compound annual growth rate of a few percent, outperforming the markets for lasers and all handheld devices combined.

2D BARCODE READER MARKETCOMPANY PROFILE

• Toshiba Tec Corporation 
• Honeywell International Inc.
• ZIH Corp 
• Cognex Corporation
• Scandit 

THIS 2D BARCODE READER MARKET REPORT WILL ANSWER FOLLOWING QUESTIONS

1. How many 2D Barcode Readers are manufactured per annum globally? Who are the sub-component suppliers in different regions?
2. Cost breakup of a Global 2D Barcode Reader and key vendor selection criteria
3. Where is the 2D Barcode Reader manufactured? What is the average margin per unit?
4. Market share of Global 2D Barcode Reader market manufacturers and their upcoming products
5. Cost advantage for OEMs who manufacture Global 2D Barcode Reader in-house
6. key predictions for next 5 years in Global 2D Barcode Reader market
7. Average B-2-B 2D Barcode Reader market price in all segments
8. Latest trends in 2D Barcode Reader market, by every market segment
9. The market size (both volume and value) of the 2D Barcode Reader market in 2024-2030 and every year in between?
10. Production breakup of 2D Barcode Reader market, by suppliers and their OEM relationship