Automatic Identification and Data Capture (AIDC) Market Size, Share, Trends, Key Players and Industry Growth 2021-26

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SHERIDAN, WY, United States, November 21, 2021 /EINPresswire.com/ – According to the latest IMARC Group report titled “Automatic Identification and Data Capture (AIDC) Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2021-2026”, automatic identification and data capture market reached a value of US $ 39.5 billion in 2020. Going forward, IMARC Group expects the market to grow at a CAGR of 14.4% during the period 2021-2026.

As the novel coronavirus (COVID-19) crisis sweeps the world, we are continuously monitoring changes in markets, as well as consumer buying behaviors around the world – our estimates on the latest market trends and values. forecasts after examining the impact of this pandemic. These observations will be incorporated into the report.

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Automatic Identification and Data Capture (AIDC) refers to a set of technologies that verify, communicate, identify, record and store information about packaged, containerized and discrete items. Compared to other manual methods, the automated nature of the AIDC process allows for accurate and rapid collection of information. Some of the common AIDC technologies include Radio Frequency Identification (RFID) readers and tags, barcodes, portable fixed position devices scanners, voice recognition, cubing and weighing devices. These are widely used throughout the supply chain for order fulfillment, tracking and traceability, and inventory preparation.

Market trends and drivers:

The global auto identification and data capture market is primarily driven by increasing digitization and automation across all industries. Apart from this, the growing awareness among end users about the benefits of additional data Security provided by advanced AIDC systems drives market growth. The intensive use of AIDC in the healthcare sector for accurate data capture, improved visibility of information and improved operational efficiency is acting as another major growth driver. In addition, the increasing use of RFID tags and scanners in manufacturing, education, telemetry, sport, retail and logistics is creating new positive prospects for the market. .

Competitive Analysis and Segmentation of the Automatic Identification and Data Capture (AIDC) Market 2021-2026:

Competitive landscape with key players:

The competitive landscape of the Automatic Identification and Data Capture market has been studied in the report along with detailed profiles of the major players operating in the market.

Some of these key players include:

TSC Auto ID Technology Co. Ltd.
Synaptics Incorporated
Honeywell International Inc.
Cognex Company
NXP Semiconductors NV
Sato holding company
NEC Company
Zebra Technologies Corporation
Datalogic SpA (Hydra SpA)
Toshiba TEC Corporation
Alien Technology LLC
Epson America Inc. (Seiko Epson Corporation)
Godex International Co Ltd.

Key market segmentation:

The report has segmented the global automatic identification and data capture market on the basis of supply, product type, vertical, and region.

Breakage by offer:

Equipment
Software
Services

Breakdown by product type:

Barcode scanners
Magnetic Stripe Cards
Smartcard
Optical character recognition (OCR) systems
RFID Products
Biometric systems

Distribution by vertical:

Manufacturing
Retail
Transport and logistics
Banking and finance
Health care
Government
Others

Breakdown by region:

North America
Asia Pacific
Europe
Latin America
Middle East and Africa

Ask the analyst for customization and explore the full report with table of contents and list of figures: https://www.imarcgroup.com/automatic-identification-data-capture-market

Highlights of the report:

Market performance (2015-2020)
Market Outlook (2021-2026)
Porter’s Five Forces Analysis
Market drivers and success factors
SWOT analysis
The impact of COVID-19 on the global market
Value chain analysis
Global market structure
Complete mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as part of the customization.

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