Global Automatic Identification & Data Capture (AIDC) Market Worth USD 71.74 Billion By 2022
The global AIDC market is
mainly segmented by product (barcode printers, barcode verifiers, barcode
scanners, RFID devices, magnetic stripe readers, smart card readers, biometric
systems, Optical Character Recognition (OCR), and mobile computers), by
vertical/industry (manufacturing, retail, transportation & logistics,
banking & financial, healthcare, and others), and by geography (North
America, Europe, Asia-Pacific, Latin America, and Middle East & Africa).
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On the basis of product
type, biometric systems segment dominated the global AIDC market and is also
expected to continue its dominance during the forecast period, owing to their
rising adoption by various industries such as banking & financial
institutes, government agencies, healthcare facilities, offices, and travel
& immigration sector to improve overall security; to keep track of staff,
patients, and customers; and for identification of individuals.
On the basis of
industry/vertical, retail industry commanded the largest share in the global AIDC
market, owing to the higher adoption of automatic identification & data
capture technologies such as barcode & RFID for billing, supply chain
management, staff & asset tracking, and replenishment ordering in the
retail value chain. Moreover, with the growing urbanization and rising demand
for various consumer goods, the retail industry is experiencing significant
growth in various countries across the globe, thereby increasing the adoption
of AIDC technologies in this sector.
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North-America accounted
for the major share in the global AIDC market in 2016, followed by Europe, and
Asia Pacific. The major share of the North American region is mainly attributed
to the well-established industrial infrastructure in the region, higher
adoption of advanced IT & automation technologies to ensure operational
efficiency, favorable government regulations, and easy accessibility to
advanced products due to the presence of key players in the region. However,
Asian countries are slated to register the fastest growth during the forecast
period, primarily due to rising need for automatic data capture technologies to
reduce manual errors, continuous shift of manufacturing industry to emerging
countries, significantly growing retail industry, and increasing transportation
& logistics sector supporting growing manufacturing & retail industry.
The leading companies
operating in AIDC market have employed various strategies to expand their
product and application offerings, global footprint, and augment their market
share. The key strategies followed by most companies in the global AIDC market
were new product launches & product enhancements, partnerships &
agreements, mergers & acquisitions, and expansions. The key players in the
global AIDC market are Zebra Technologies Corporation, Honeywell International
Inc., Datalogic S.p.A., Bluebird Inc., Godex International, Code Corporation,
Toshiba Tech Corporation, SATO Worldwide, JADAK Tech, Axicon Auto ID Ltd.,
Microscan System, Inc., Unitech Electronics Co. Ltd., Opticon Sensors Europe
B.V., Impinj Inc., Better Online SolutionsLtd., TSC Auto ID Technology Co.,
Ltd., Epson America Inc., Allien Technologies Corporation, Avery Dennison
Corporation, Newland Europe B.V., and Seagull Scientific Inc.
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