Automatic Identification and Data Capture (AIDC) Market
DUBLIN, April 17, 2024 (Globe Newswire) — The “Automatic Identification and Data Capture Market Report 2024-2032 by Product, Product Type, Industry and Region” report has been added. ResearchAndMarkets.com Recruitment.
The global automatic identification and data capture (AIDC) market size reached USD 56.5 billion in 2023. In the future, the market is expected to reach USD 158.7 billion by 2032 and exhibit a growth rate (CAGR) of 12.2% between 2023 and 2032. Rapid digitization, increasing automation, and rising need for supply chain management represent some of the key factors driving the market.
North America (US and Canada) was the largest market for automatic identification and data capture (AIDC). The factors driving the North American Automatic Identification and Data Capture (AIDC) market include aging population, technological advancements, high healthcare costs, etc.
The increasing need for supply chain management in many industries has increased the demand for identification and data capture technologies such as barcodes, RFID tags, and QR codes that provide real-time tracking and tracing. This, coupled with rapid digitization and increased automation across industries, is one of the key factors positively impacting markets across the globe.
Separately, we are introducing advanced technologies such as artificial intelligence (AI) and machine learning (ML) into AIDC solutions to process, manage, store, and share data without human intervention to improve performance and improve customer Provide more value. Additionally, the market outlook is positive with increasing adoption of AIDC systems for data security in financial institutions.
Along with this, rapid growth in the healthcare industry and increasing utilization of AIDC for accurate data acquisition and improved operational efficiency are driving the market growth. Additionally, governments have introduced regulations regarding the tracking and tracing of pharmaceutical products. This, coupled with strict policies on food safety, is stimulating market growth across the globe.
Key market segmentation:
This report offers detailed segmentation and analysis of the Automatic Identification and Data Capture (AIDC) market based on products. This includes hardware, software, and services. According to the report, hardware accounts for the largest segment.
Detailed segmentation and analysis of Automatic Identification and Data Capture (AIDC) market based on product type is also 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 account for the largest market share.
The report also provides detailed segmentation and analysis of the Automatic Identification and Data Capture (AIDC) market based on verticals. This includes manufacturing, retail, transportation and logistics, banking and finance, healthcare, government, and more. According to the report, the manufacturing industry accounts for the largest market share.
Competitive environment:
The report also provides 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, company positioning, top winning strategies, competitive dashboard, and company valuation quadrants are covered in the report.
Key questions answered in this report
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What is the size of the global Automatic Identification and Data Capture (AIDC) market?
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What is the expected growth rate of the global Automatic Identification and Data Capture (AIDC) market from 2024 to 2032?
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What are the key factors driving the global Automatic Identification and Data Capture (AIDC) Market?
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What is the impact of COVID-19 on the global Automatic Identification and Data Capture (AIDC) market?
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What is the global Automatic Identification and Data Capture (AIDC) Market segmentation based on product?
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What is the breakdown of the global Automatic Identification and Data Capture (AIDC) market based on product type?
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How is the global Automatic Identification and Data Capture (AIDC) market segmented vertically?
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What are the key regions in the global Automatic Identification and Data Capture (AIDC) market?
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Who are the key players/companies in the global Automatic Identification and Data Capture (AIDC) market?
Key attributes:
report attributes |
detail |
number of pages |
141 |
Forecast period |
2023-2032 |
Estimated market value in 2023 (USD) |
56.5 billion USD |
Projected market value to 2032 (USD) |
US$158.7 billion |
compound annual growth rate |
12.2% |
Target area |
global |
Featured companies
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Alien Technology LLC
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Cognex Corporation
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Datalogic SpA (Hydra SpA)
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Epson America Inc. (Seiko Epson Corporation)
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Godex International Co., Ltd.
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Honeywell International Co., Ltd.
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NEC
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NXP Semiconductors NV
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Sato Holdings Co., Ltd.
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sick ag
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Synaptics Inc.
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Toshiba Tec Corporation
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TSC Auto ID Technology Co., Ltd.
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Zebra Technologies Co., Ltd.
For more information on this report, please visit https://www.researchandmarkets.com/r/b6zz77.
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