The global automatic identification and data capture market is likely to generate a market value of USD 52,910.7 million in 2023 and is expected to accumulate a market value of USD 147,992.7 million by registering a CAGR of 10.8% in the forecast period.
The growth of the automatic identification and data capture market is attributed to the increasing use of smartphones for QR code scanning and image recognition. The market for automatic identification and data capture registered a CAGR of 8.7% in the historical period.
Automatic identification and data capture (AIDC) or automatic data capture system is an enhanced method, which is used to automatically identify assets and objects, collect information, and record data directly into computer systems. Further, AIDC systems are intended to manage assets, objects, delivery, inventories, and documents across the transportation, manufacturing, distribution, retail, government, and healthcare sectors.
In addition, automatics identification technologies such as radio frequency identification (RFID), optical character recognition (OCR), bar codes, biometrics, voice recognition, and QR codes are considered a part of automatic identification and data capture (AIDC).
Significant factors that impact the growth of the global automatic identification and data capture market include a surge in the growth of e-commerce platforms coupled with the rise in the utilization of smartphones for image recognition and QR code scanning. On the contrary, the rise in concerns about malware attacks and security breaches is projected to challenge the automatic identification and data capture sector over the analysis period.
The growing e-commerce industry globally, increasing use of smartphones for QR code scanning and image recognition, and rising adoption of automatic identification and data capture solutions due to their ability to minimize queuing and transaction time and provide greater convenience to users in making small-value payments are the key factors that are anticipated to boost the market growth over the analysis period.
Additionally, the surging adoption of automatic identification and data capture solutions by banking and financial institutions to ensure customer safety and security, along with data privacy are some other factors that are expected to accelerate the growth of the automatic identification and data capture industry during the forecast period.
The automatic identification and data capture sector is witnessing a surge, owing to the rise in the use of the e-commerce industry paired with an increase in demand for smartphones, which is expected to propel the growth of the market in the forthcoming years.
The rising adoption of automatic identification and data capture solutions owing to their ability to minimize human error is expected to fuel the growth of the market during the forecast period.
The high cost associated with the installation of automatic identification and data capture systems is one of the key factors that is expected to impede the growth of the automatic identification and data capture sector during the forecast period. In addition, the rise in concerns about malware attacks and security breaches is projected to challenge the automatic identification and data capture business over the analysis period.
A huge chunk of a retail outlet’s total sale is contributed by low-value products and it is therefore economically unviable to use technologies such as RFIDs and 2D barcodes which are at the base of developments in the Automatic Identification & Data Capture market.
This is true for many other industries too, where the cost of large-scale implementation is hampering the growth of the automatic identification and data capture industry.
| Attributes | Value |
|---|---|
| Automatic Identification and Data Capture Market Size (2023) | USD 52,910.7 million |
| Automatic Identification and Data Capture Market Projected Size (2033) | USD 147,992.7 million |
| Automatic Identification and Data Capture Market CAGR (2023 to 2033) | 10.8% |
The global demand for automatic identification and data capture is projected to increase at a CAGR of 10.8% during the forecast period, reaching a total of USD 147,992.7 million in 2033, according to a report from Future Market Insights (FMI). From 2018 to 2022, sales witnessed significant growth, registering a CAGR of 10.8%.
Data capturing has become essential to track and trace products of nearly all end-user industries. Not only does this help in analyzing the information about the product but also stores and saves information regarding the purchase of the product along with recording minute details of the same.
Although the COVID-19 pandemic affected the demand for automatic identification and data capture, the increasing sales of consumer products and emerging end-user industries are positively influencing the demand for automatic identification and data capture.
| Countries | Market Share (2022) |
|---|---|
| United States | 16.4% |
| Germany | 9.4% |
| Japan | 4.3% |
| Australia | 5.4% |
The growth of automatic identification and data capture is largely driven by the increasing awareness and high adoption of AIDC devices, increasing government legislation & investments, particularly in retail, healthcare, and manufacturing industries; it contributes to the technological development of numerous industries in the region.
The region is expected to witness the leading growth during the forecast period, owing to the wide acceptance of advanced technologies in the region. In terms of regional platforms, North America holds the leading market share in the market. The region accumulated a market share of 27.2% in 2022.
Europe expanded with 22.1% share in the market. The region is presently experiencing prominent growth in the barcode, RFID, and biometric technologies in various industries such as retail, manufacturing, transportation & logistics, healthcare, and BFSI. Furthermore, technological advancement and innovation are changing the landscape for automatic identification and data capture in the market in the region.
According to Future Market Insights, Europe is expected to provide immense growth opportunities for automatic identification and data capture and is expected to yield 24.7% revenue in 2022.
| Countries | CAGR (2023 to 2033) |
|---|---|
| China | 8.2% |
| India | 14.3% |
Retail and logistics companies are expanding their presence in the Asia Pacific region to capitalize on the increased purchasing power of middle-class people. This, in turn, has led to the growth of automatic identification and data capture in the market in the region.
The significant presence of several market players, such as Panasonic, SATO, Toshiba, Godex, and Optoelectronics in the region is likely to propel the growth of the automatic identification and data capture sector in Asia Pacific. Thus, Asia Pacific is expected to procure a 32% market share for the automatic identification and data capture of the market in 2022.
Hardware segment dominated the market with 44.3% in 2022. The high requirement for hardware components in several automatic identification and data capture products such as barcoding solutions, magnetic stripe cards, smart cards, optical character recognition (OCR) systems, RFID tags, printers and readers, tablets, wearables, VR devices, heads-up display devices, Google Glass, and biometric systems, has contributed to the leading size of the hardware segment.
The increasing sales of these products are contributing to the growth of the hardware component segment.
Key players in the global automatic identification and data capture sector are Onna, Consilio, Amplitude, ContentSquare, LiveRamp, mParticle and TreasureData
Key participants present in the global market are RIOTEC Co. Ltd., Datalogic, ZIH Corp., Synaptics Incorporated, CVISION Technologies Inc., SATO Holdings Corporation, and Toshiba TEC Corporation, among others.
Key Players :
Table 01: Global Market Value (US$ Million) Forecast by Region, 2018 to 2033
Table 02: Global Market Value (US$ Million) Forecast by Component, 2018 to 2033
Table 03: Global Market Value (US$ Million) Forecast by End User, 2018 to 2033
Table 04: North America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 05: North America Market Value (US$ Million) Forecast by Component, 2018 to 2033
Table 06: North America Market Value (US$ Million) Forecast by End User, 2018 to 2033
Table 07: Latin America Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 08: Latin America Market Value (US$ Million) Forecast by Component, 2018 to 2033
Table 09: Latin America Market Value (US$ Million) Forecast by End User, 2018 to 2033
Table 10: Western Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 11: Western Europe Market Value (US$ Million) Forecast by Component, 2018 to 2033
Table 12: Western Europe Market Value (US$ Million) Forecast by End User, 2018 to 2033
Table 13: Eastern Europe Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 14: Eastern Europe Market Value (US$ Million) Forecast by Component, 2018 to 2033
Table 15: Eastern Europe Market Value (US$ Million) Forecast by End User, 2018 to 2033
Table 16: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 17: South Asia and Pacific Market Value (US$ Million) Forecast by Component, 2018 to 2033
Table 18: South Asia and Pacific Market Value (US$ Million) Forecast by End User, 2018 to 2033
Table 19: East Asia Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 20: East Asia Market Value (US$ Million) Forecast by Component, 2018 to 2033
Table 21: East Asia Market Value (US$ Million) Forecast by End User, 2018 to 2033
Table 22: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2018 to 2033
Table 23: Middle East and Africa Market Value (US$ Million) Forecast by Component, 2018 to 2033
Table 24: Middle East and Africa Market Value (US$ Million) Forecast by End User, 2018 to 2033
Figure 01: Global Market Value (US$ Million) by Component, 2023 to 2033
Figure 02: Global Market Value (US$ Million) by End User, 2023 to 2033
Figure 03: Global Market Value (US$ Million) by Region, 2023 to 2033
Figure 04: Global Market Value (US$ Million) Analysis by Region, 2018 to 2033
Figure 05: Global Market Value Share (%) and BPS Analysis by Region, 2023 to 2033
Figure 06: Global Market Y-o-Y Growth (%) Projections by Region, 2023 to 2033
Figure 07: Global Market Value (US$ Million) Analysis by Component, 2018 to 2033
Figure 08: Global Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 09: Global Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 10: Global Market Value (US$ Million) Analysis by End User, 2018 to 2033
Figure 11: Global Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
Figure 12: Global Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
Figure 13: Global Market Attractiveness by Component, 2023 to 2033
Figure 14: Global Market Attractiveness by End User, 2023 to 2033
Figure 15: Global Market Attractiveness by Region, 2023 to 2033
Figure 16: North America Market Value (US$ Million) by Component, 2023 to 2033
Figure 17: North America Market Value (US$ Million) by End User, 2023 to 2033
Figure 18: North America Market Value (US$ Million) by Country, 2023 to 2033
Figure 19: North America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 20: North America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 21: North America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 22: North America Market Value (US$ Million) Analysis by Component, 2018 to 2033
Figure 23: North America Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 24: North America Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 25: North America Market Value (US$ Million) Analysis by End User, 2018 to 2033
Figure 26: North America Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
Figure 27: North America Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
Figure 28: North America Market Attractiveness by Component, 2023 to 2033
Figure 29: North America Market Attractiveness by End User, 2023 to 2033
Figure 30: North America Market Attractiveness by Country, 2023 to 2033
Figure 31: Latin America Market Value (US$ Million) by Component, 2023 to 2033
Figure 32: Latin America Market Value (US$ Million) by End User, 2023 to 2033
Figure 33: Latin America Market Value (US$ Million) by Country, 2023 to 2033
Figure 34: Latin America Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 35: Latin America Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 36: Latin America Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 37: Latin America Market Value (US$ Million) Analysis by Component, 2018 to 2033
Figure 38: Latin America Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 39: Latin America Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 40: Latin America Market Value (US$ Million) Analysis by End User, 2018 to 2033
Figure 41: Latin America Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
Figure 42: Latin America Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
Figure 43: Latin America Market Attractiveness by Component, 2023 to 2033
Figure 44: Latin America Market Attractiveness by End User, 2023 to 2033
Figure 45: Latin America Market Attractiveness by Country, 2023 to 2033
Figure 46: Western Europe Market Value (US$ Million) by Component, 2023 to 2033
Figure 47: Western Europe Market Value (US$ Million) by End User, 2023 to 2033
Figure 48: Western Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 49: Western Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 50: Western Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 51: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 52: Western Europe Market Value (US$ Million) Analysis by Component, 2018 to 2033
Figure 53: Western Europe Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 54: Western Europe Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 55: Western Europe Market Value (US$ Million) Analysis by End User, 2018 to 2033
Figure 56: Western Europe Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
Figure 57: Western Europe Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
Figure 58: Western Europe Market Attractiveness by Component, 2023 to 2033
Figure 59: Western Europe Market Attractiveness by End User, 2023 to 2033
Figure 60: Western Europe Market Attractiveness by Country, 2023 to 2033
Figure 61: Eastern Europe Market Value (US$ Million) by Component, 2023 to 2033
Figure 62: Eastern Europe Market Value (US$ Million) by End User, 2023 to 2033
Figure 63: Eastern Europe Market Value (US$ Million) by Country, 2023 to 2033
Figure 64: Eastern Europe Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 65: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 66: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 67: Eastern Europe Market Value (US$ Million) Analysis by Component, 2018 to 2033
Figure 68: Eastern Europe Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 69: Eastern Europe Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 70: Eastern Europe Market Value (US$ Million) Analysis by End User, 2018 to 2033
Figure 71: Eastern Europe Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
Figure 72: Eastern Europe Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
Figure 73: Eastern Europe Market Attractiveness by Component, 2023 to 2033
Figure 74: Eastern Europe Market Attractiveness by End User, 2023 to 2033
Figure 75: Eastern Europe Market Attractiveness by Country, 2023 to 2033
Figure 76: South Asia and Pacific Market Value (US$ Million) by Component, 2023 to 2033
Figure 77: South Asia and Pacific Market Value (US$ Million) by End User, 2023 to 2033
Figure 78: South Asia and Pacific Market Value (US$ Million) by Country, 2023 to 2033
Figure 79: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 80: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 81: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 82: South Asia and Pacific Market Value (US$ Million) Analysis by Component, 2018 to 2033
Figure 83: South Asia and Pacific Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 84: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 85: South Asia and Pacific Market Value (US$ Million) Analysis by End User, 2018 to 2033
Figure 86: South Asia and Pacific Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
Figure 87: South Asia and Pacific Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
Figure 88: South Asia and Pacific Market Attractiveness by Component, 2023 to 2033
Figure 89: South Asia and Pacific Market Attractiveness by End User, 2023 to 2033
Figure 90: South Asia and Pacific Market Attractiveness by Country, 2023 to 2033
Figure 91: East Asia Market Value (US$ Million) by Component, 2023 to 2033
Figure 92: East Asia Market Value (US$ Million) by End User, 2023 to 2033
Figure 93: East Asia Market Value (US$ Million) by Country, 2023 to 2033
Figure 94: East Asia Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 95: East Asia Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 96: East Asia Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 97: East Asia Market Value (US$ Million) Analysis by Component, 2018 to 2033
Figure 98: East Asia Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 99: East Asia Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 100: East Asia Market Value (US$ Million) Analysis by End User, 2018 to 2033
Figure 101: East Asia Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
Figure 102: East Asia Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
Figure 103: East Asia Market Attractiveness by Component, 2023 to 2033
Figure 104: East Asia Market Attractiveness by End User, 2023 to 2033
Figure 105: East Asia Market Attractiveness by Country, 2023 to 2033
Figure 106: Middle East and Africa Market Value (US$ Million) by Component, 2023 to 2033
Figure 107: Middle East and Africa Market Value (US$ Million) by End User, 2023 to 2033
Figure 108: Middle East and Africa Market Value (US$ Million) by Country, 2023 to 2033
Figure 109: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2018 to 2033
Figure 110: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2023 to 2033
Figure 111: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2023 to 2033
Figure 112: Middle East and Africa Market Value (US$ Million) Analysis by Component, 2018 to 2033
Figure 113: Middle East and Africa Market Value Share (%) and BPS Analysis by Component, 2023 to 2033
Figure 114: Middle East and Africa Market Y-o-Y Growth (%) Projections by Component, 2023 to 2033
Figure 115: Middle East and Africa Market Value (US$ Million) Analysis by End User, 2018 to 2033
Figure 116: Middle East and Africa Market Value Share (%) and BPS Analysis by End User, 2023 to 2033
Figure 117: Middle East and Africa Market Y-o-Y Growth (%) Projections by End User, 2023 to 2033
Figure 118: Middle East and Africa Market Attractiveness by Component, 2023 to 2033
Figure 119: Middle East and Africa Market Attractiveness by End User, 2023 to 2033
Figure 120: Middle East and Africa Market Attractiveness by Country, 2023 to 2033
The Automatic Identification and Data Capture Market CAGR for 2033 is 10.8%.
The market is estimated to reach USD 147,992.7 million by 2033.
Cognex Corporation, Datalogic S.p.A., Honeywell International Inc. are key market players.
The market is estimated to secure a valuation of USD 52,910.7 million in 2023.
AIDC market development is being driven by the rise of RFID, mobile AIDC, cloud computing, new technology, and data security concerns.
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Automatic Identification and Data Capture Market
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