SHERIDAN, WY, USA, Aug. 23, 2022 /EINPresswire.com/ — According to IMARC Group’s latest report, titled “Automatic Identification and Data Capture (AIDC) Market: Global Industry Trends , Share, Size, Growth, Opportunity and Forecast 2022 -2027”, the global Automatic Identification and Data Capture (AIDC) market size reached US$ 43.7 billion in 2021. Looking ahead , IMARC Group expects the market to reach US$95.8 billion by 2027, growing at a CAGR of 14.15% in 2022-2027. Automatic Identification and Data Capture (AIDC) is a technology used to identify, record and store information in the computer system without human intervention. Barcode readers, magnetic stripe cards, smart cards, optical character recognition (OCR) systems, RFID products, and biometric systems are commonly used AIDC technologies. It converts data collected via video, audio, or images into digital files to manage inventory, delivery, security, documents, and assets. AIDC technologies offer tremendous benefits, such as automating processes, reducing human error, reducing paper waste, and managing large volumes of data simultaneously. As a result, AIDC finds many applications in the manufacturing, healthcare, pharmaceutical, retail, logistics, and transportation industries.
COVID-19 impact analysis:
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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Automatic Identification and Data Capture (AIDC) Market Trends:
Rapid digitization in several sectors is one of the major drivers of market growth. AIDC technologies are widely used due to increasing automation to improve business operations, prevent product loss, save time, reduce expenses and free up resources. Moreover, the integration of Internet of Things (IoT) with AIDC technologies to develop smarter, faster and more accurate devices is giving impetus to the growth of the market. Other factors including the growing demand for AIDC systems in the banking, finance, services and insurance (BFSI) industry for safe and reliable financial transactions and the widespread adoption in the e-commerce industry for time tracking real, logistics and supply chain management, are expected to drive the market towards growth.
Competitive Analysis and Segmentation of the Automatic Identification and Data Capture (AIDC) Market 2022-2027:
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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