LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global industrial automatic data capturing and identification systems market is projected to grow to USD 7,064.4 million by 2021, at a CAGR of nearly 6% over the forecast period.
This research report titled ‘Global Industrial Automatic Data Capturing and Identification Systems Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
|Automatic data capturing (ADC) refers to the method of collecting data automatically using identification devices such as barcode readers/scanners, cameras, or by using RFID technology. The major application areas of ADC and identification systems include inventory management, delivery management, and security and documentation.|
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Based on the product type, the report categorizes the global industrial automatic data capturing and identification systems market into the following segments:
- Sensor and safety
- Machine vision
- Laser tracking
- Integration systems
- Identification solutions
The top three revenue-generating product segments in the global industrial automatic data capturing and identification systems market are discussed below:
Sensor and safety
“Automatic data capturing and identification systems by sensor and safety systems occupied a majority 55% of the overall market shares in 2016 and is expected to continue its dominance through the forecast period,” says Bharath Kanniappan, a lead analyst at Technavio for automation research.
This segment comprises of various sensors including photoelectric, inductive, temperature controller, and ultrasonic measurement sensors. The sensor and safety segment also includes safety products, such as light curtains and photocells. Photoelectric and inductive sensors are used to detect the presence and absence of an object.
The machine systems segment of the ADC and identification systems market is expected to grow the fastest, showcasing a CAGR of nearly 9% over the forecast period. The machine vision segment includes products such as cameras, smart cameras, and vision sensors. The need for optimization of the total expenditure through continuous inspection and development is expected to be one of the major factors that will drive the demand for machine vision technology during the forecast period.
“The global industrial automatic data capturing and identification systems market by laser tracking is likely to be worth USD 942.5 million by 2021. These products are adopted to track the presence or absence of a product or its part on a production line using laser beams,” says Bharath.
Laser trackers used for ADC optimize the manufacturing process by measuring object dimensions and features with high accuracy using quick and precise measurement. They can also measure the three-dimensional features of large objects in aerospace and automotive industries. They help in reducing costly scrap and downtime as well as provide reliable measurement data.
The top vendors highlighted by Technavio’s research analysts in this report are:
Browse Related Reports:
- Global Industrial Thermostatic Control Valves Market 2017-2021
- Global Distribution Automation Solutions Market 2017-2021
- Global Industrial Roller Chain Drives Market 2017-2021
Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they’re published in addition to all 6,000+ existing reports covering segments like robotics. This subscription nets you thousands in savings, while staying connected to Technavio’s constant transforming research library, helping you make informed business decisions more efficiently.
Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
If you are interested in more information, please contact our media team at email@example.com.