The Asia Pacific 2D Barcode Reader Market would witness market growth of 6.6% CAGR during the forecast period (2021-2027). Various industries such as retail and manufacturing are expected to actively adopt barcode technology. As it ensures accurate tracking of individual products and product batches as well as helps in auditing their inventories. In addition to it, barcode readers contribute to increasing the operational efficiency of businesses.
There are many potential benefits of 2D barcode reader such as speed, reduced clerical cost, higher accuracy, and better customer service. Thus, the barcode scanning systems have become an important tool for streamlining internal and external operations. Furthermore, compact design, flexibility, and barcode scanners are becoming an important tool in the industrial sector.
Asia Pacific region is one of the fastest developing regions in terms of digitalization. The aspects such as modern life and an increasing number of businesses in online platforms in China have resulted into increased demand for 2D reader in the country. There is a massive manufacturing industry and they are getting support from the government encouraging them to adopt advanced technology to improve their business activity. The increasing popularity of e-commerce and retail distribution is anticipated to boost the adoption of barcode readers, as this device helps in improving business logistics. Thus, in the past few years, there was an exponential increase in the deployment of these barcode readers in logistics activities, shipping activities, and warehousing activities.
China ranks second in the healthcare industry followed by the US. The government of China has taken many initiatives in order to support the long-term improvement of health care facilities. Medical devices include a broad range of equipment and devices. 2D readers are also widely used in hospitals. This manufacturer designed special healthcare handheld scanners to perform error-proof tasks like patient identification during admissions or treatment, delivering proper medication, or during specimen collection.
The Warehousing market dominated the Malaysia 2D Barcode Reader Market by Application 2020, thereby, achieving a market value of $87.9 million by 2027. The Logistics market is estimated to grow at a CAGR of 10.3% during (2021 - 2027). Additionally, The E-commerce market is anticipated to witness a CAGR of 10.1% during (2021 - 2027).
Based on Product Type, the market is segmented into Handheld and Fixed. Based on Application, the market is segmented into Warehousing, Logistics, E-commerce, Factory Automation and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide 2D Barcode Reader Market is Projected to reach USD 10.7 Billion by 2027, at a CAGR of 6.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Honeywell International, Inc., Omron Corporation, Sick AG, Zebra Technologies Corporation, Datalogic S.p.A. (Hydra S.p.A.), Cognex Corporation, Casio Computer Co., Ltd., Denso Corporation, Juniper Networks, Inc., and General Data Company, Inc.
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