SHERIDAN, WY, USA, July 14, 2022 /EINPresswire.com/ — According to IMARC Group’s latest report, titled “Automatic Identification and Data Capture (AIDC) Market: Global Industry Trends , Share, Size, Growth, Opportunities, and Forecast 2022-2027,” the global Automatic Identification and Data Capture (AIDC) market reached a value of US$43.7 billion in 2021. For the Looking ahead, IMARC Group expects the market to reach US$95.8 billion by 2027, growing at a CAGR of 14.15% during 2022-2027.
Industry definition and application:
Automatic Identification and Data Capture (AIDC) consist of dynamic technologies and tools that are used to automatically identify objects, obtain data about them, and convert that data into a digital file by entering it into computer systems . It can be classified into barcode readers, magnetic stripe cards, smart cards, optical character recognition (OCR) systems, RFID products, etc. These AIDC tools perform several activities including data encoding, machine scanning, data decoding, etc. They help with asset and inventory management, security management, and workflow management. As a result, AIDC technologies are finding widespread applications in many industries, such as manufacturing, retail, transportation, logistics, banking and finance, healthcare, and more.
Impact of COVID-19:
We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.
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Market Trends and Drivers:
Growing levels of digitalization and increasing automation in industries are mainly driving the Automatic Identification and Data Capture (AIDC) market. Additionally, the development of Radio Frequency Identification (RFID) systems that cover scanners and tags and the increasing integration of these devices in the logistics, sports, retail, manufacturing and others act as important growth factors. Furthermore, the growing use of advanced AIDC systems, including biometrics and smart cards, among financial institutions to provide financial transaction protection is further catalyzing the global market. Additionally, growing demand for products in the healthcare industry for better information visibility, accurate data capture, and improved operational efficiency is expected to drive the automatic identification and data capture (AIDC) market in during the forecast period.
Competitive landscape with key players:
The competitive landscape of the Automatic Identification and Data Capture (AIDC) market has been studied in the report along with the detailed profiles of key players operating in the market.
Some of these key players include:
• Alien Technology LLC
• Cognex Corporation
• Datalogic SpA (Hydra SpA)
• Epson America Inc. (Seiko Epson Corporation)
• Godex International Co Ltd.
• Honeywell International Inc.
• NEC Corporation
• NXP Semiconductors NV
• Sato Holdings Corporation
• Sick SA
• Synaptics Incorporated
• Toshiba TEC Corporation
• TSC Auto ID Technology Co. Ltd.
• Zebra Technologies Corporation
Key Market Segmentation:
The report has segmented the global Automatic Identification and Data Capture (AIDC) market on the basis of supply, product type, vertical, and region.
Break by offer:
Breakdown by product type:
• Barcode scanners
• Magnetic stripe cards
• Optical Character Recognition (OCR) systems
• RFID products
• Biometric systems
• Transport and logistics
• Banking and finance
• Health care
Breakdown by region:
• North America
• Asia Pacific
• Latin America
• Middle East and Africa
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Main highlights of the report:
• Market performance (2016-2021)
• Market Outlook (2022-2027)
• Market trends
• Market drivers and success factors
• Impact of COVID-19
• Value chain analysis
• Complete mapping of the competitive landscape
If you need specific information that is not currently covered in the report, we will provide it to you as part of the customization.
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