Automatic Identification and Data Capture Market Size - Forecasts to 2026

As per the research conducted by GME, the GlobalAutomatic Identification & Data Capture Market will grow with a CAGR value of 14.5 percent from 2021 to 2026. The automatic identification and data capture (AIDC) system is employed across different verticals to automatically identify products and capture the desired data and process it into the computer system. The AIDC market is largely driven by increasing usage of AIDC system in electronic toll collection, increasing focus on adoption of faster, automated and accurate data identification and capturing system, rising e-commerce sector, rising usage of in retail segment and at point of sale, rising demand in banking and finance sector, growing demand for reducing service time and cost, rising usage of smartphone for QR codes scanning and increasing demand across different industry verticals.

Browse 153 Market Data Tables and 113 Figures spread through 183 Pages and in-depth TOC on “Global Automatic Identification & Data Capture Market - Forecast to 2026"

https://www.globalmarketestimates.com/market-report/global-automatic-identification-and-data-capture-market-3067

By Product (Barcoding Solutions, Smart Cards, Optical Character Recognition (OCR) Systems, RFID Systems, Magnetic Stripe Cards, Voice-Directed WMS, Heads-up Displays, VR Solutions, Wearables, Google Glass and Biometric Systems), By Offering (Hardware, Software, and Services), By Vertical (Manufacturing, Retail, Transportation & Logistics, Hospitality, Banking & Finance, Healthcare, Government, Commercial and Energy & Power), By Region (North America, Europe, Asia Pacific, MEA, and CSA), End-User Landscape, Company Market Share Analysis, and Competitor Analysis

Key Market Insights

Automatic identification and data capture (AIDC) is a technological system that is used to automatically detect the object, capture the necessary data about the object and automatically feed the data to the computer system without any human intervention.
Barcode readers are widely used in retail, healthcare, manufacturing, warehousing, education, banking, among others, and provide a faster throughput rate and reduce human error.
As per the United Nations Conference on Trade and Development (UNCTAD), the global e-commerce revenue stands at $ 25.6 billion worldwide in the year 2018 and it is estimated that more than 1.4 billion population across the globe uses e-commerce websites for shopping.
Owing to the rising usage of the AIDC system for inventory management and the rising number of goods produced, the market for the manufacturing vertical segment will be the largest
There are large investments made in the retail and manufacturing industries and the increasing recognition and growing adoption of AIDC products, the government legislation on the use of AIDC technology, and a rising E-commerce industry are major factors driving the growth of the APAC regional segment.
Honeywell (US), SICK AG (Germany), Toshiba (Japan), Datalogic S.p.A. (Italy), Cognex Corporation (US), Zebra Technologies (US), Panasonic Corporation (Japan), Thales (France) and NXP Semiconductors N.V. (Netherlands) are the major players in the automatic identification and data capture market

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Product Outlook (Revenue, USD Billion, 2021-2026)