LONDON--(BUSINESS WIRE)--Technavio has been monitoring the industrial barcode scanner market and it is poised to grow by $ 537.8 mn during 2020-2024, progressing at a CAGR of about 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Advantech Co. Ltd., Datalogic Spa, EUROTECH Spa, Generalscan Electronics Co. Ltd., Honeywell International Inc., Opticon Sensors Europe BV, Shenzhen Unique Electronic International Ltd., Shenzhen Alacrity Barcode Technology Co. Ltd., Unitech Electronics Co Ltd., and Zebra Technologies Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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The advent of industry 4.0 has been instrumental in driving the growth of the market. However, the high cost of industrial barcode scanners might hamper market growth.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Industrial Barcode Scanner Market 2020-2024: Segmentation
Industrial Barcode Scanner Market is segmented as below:
- Mobile Computers
- Handheld Scanners
- Ring Scanners
- North America
- South America
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Industrial Barcode Scanner Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The industrial barcode scanner market report covers the following areas:
- Industrial Barcode Scanner Market Size
- Industrial Barcode Scanner Market Trends
- Industrial Barcode Scanner Market Industry Analysis
This study identifies the use of wearables with similar functionalities as traditional barcode scanners as one of the prime reasons driving the industrial barcode scanner market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Industrial Barcode Scanner Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist industrial barcode scanner market growth during the next five years
- Estimation of the industrial barcode scanner market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the industrial barcode scanner market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of industrial barcode scanner market, vendors
Table of Contents:
- Market Overview
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Mobile computers - Market size and forecast 2019-2024
- Handheld scanners - Market size and forecast 2019-2024
- Ring scanners - Market size and forecast 2019-2024
- Market opportunity by Product
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher priced units
- Market challenges
- Market trends
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- Advantech Co. Ltd.
- Datalogic Spa
- EUROTECH Spa
- Generalscan Electronics Co. Ltd.
- Honeywell International Inc.
- Opticon Sensors Europe BV
- Shenzhen Unique Electronic International Ltd.
- Shenzhen Alacrity Barcode Technology Co. Ltd.
- Unitech Electronics Co Ltd.
- Zebra Technologies Corp.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.