The North America 2D Barcode Reader Market would witness market growth of 6.4% CAGR during the forecast period (2021-2027). People are willing to do the shopping from supermarkets and hypermarkets. It has become day-to-day activities, especially in metro cities. On weekends and holidays, there is increasing footfall in malls and supermarkets, so managing busy billing counters and the long queues.
This all turns out to be a tedious task for the employees of the malls, hypermarkets, and supermarkets. The trend of digitalization has brought a shift in shopping and purchasing activities. Electronic shopping systems are being adopted by most retail stores to reduce the pressure on their workforce. This also gives a better shopping experience to the customers. The installation of 2D barcode technology helps retailers to increase the turnaround times. It is the key factor leading to increasing the demand for 2D barcode readers. Thus, it is estimated that the market will grow significantly during the forecast period.
A barcode scanner is a device that is used to read the encrypted information. The encryption is done in the form of coded bar lines. This electronic device is used to capture the information about the product on which the code is labelled. The barcode readers have circuitry that is analyzed by sensors. Barcode scanners have a light source and sensors to capture encrypted information. 2D barcode scanners are among the popular barcode scanners in the market. The laser scanners, camera-based readers, pent-type scanners, and charge-coupled devices (CCD) are different technologies that are used in barcode scanners.
The use of barcode technology in several healthcare facilities in the U.S. helped in preventing errors in the identification of patients. Due to the outbreak of COVID-19, the necessity of vaccination, the demand for 2D barcode readers has been increased in the USA. The Vaccine 2D Barcode Scanning Implementation Toolkit has been launched. It is a series of tools and resources that will provide support for the implementation of vaccine 2D barcode scanning in ambulatory clinics, pharmacies, health care facilities, and health systems. 2D barcode reader is an example of advanced technology that is expected to improve care and save money.
The adoption of 2D barcode scanners is also increasing for business process optimization in inventory control and gathering business intelligence that is expected to boost the growth of the market. The demand patterns analysis across the retail industry has become easier and more accurate by deploying the barcode scanners. Moreover, barcode reader systems are easy to understand and thus, require minimum employee training and saves time. Therefore, barcode readers are adopted in various industries due to their advantages like prevention of incorrect deliveries, reduced downtime, recalls of products for return. It also provides robust control on quality information and tracking assets. Furthermore, the sudden outbreak of the COVID-19 requires contactless delivery solutions and contactless payment is also boosting the adoption of barcode readers.
The US market dominated the North America Logistics 2D Barcode Reader Market by Country 2020, thereby, achieving a market value of $537.2 million by 2027. The Canada market is experiencing a CAGR of 9% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 8.1% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global 2D Barcode Reader Market is Estimated 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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