Examining Automatic Identification Data Capture Market Growth and Size for Strategic Decision-Making

The global Automatic Identification And Data Capture (AIDC) market size reached USD 39.92 Billion in 2020 and is expected to register a revenue CAGR of 14.6%, during the forecast period, according to latest analysis by Emergen Research. Major factors driving global AIDC market revenue growth include rising implementation of these solutions in the e-Commerce industry and rising use in smartphones. Rising adoption of automatic identification and data capture solutions in public transportation is another factor expected to augment revenue growth of the market going ahead. The Dallas Area Rapid Transit (DART), which is the largest municipal transit agency in North Texas, was an early adopter of biometric technology. In its trains, DART has installed facial recognition technology-basedcameras. Biometric systems are used in such cameras for a range of functions, and serve to monitor train capacity, medical emergencies, and lets authorities know whenever a specific individual is or individuals are on board. Other biometric uses include smart ID cards and smart ticketing to identify a person using face recognition in order to access public transportation systems, thereby enabling safer travelling and streamlining ticketing and passenger management processes.

This market intelligence assessment report weighs up on the potential region that reserves greater opportunities for this industry. Importantly, subject matter experts have taken into account every critical aspect right from the market size, share, and growth to the dramatic shift in the consumer behaviour and their growing spending capacity. The industry assessment study depicts a perfectly clear picture of both the past and the future trends to offer the stakeholders, business owners, and marketing executives an opportunity to zero in on an effective marketing strategy and boost sales.

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Competitive Terrain:

The section on the competitive landscape offers valuable and actionable insights related to the business sphere of the Automatic Identification Data Capture market, covering extensive profiling of the key market players. The report offers information about market share, product portfolio, pricing analysis, and strategic alliances such as mergers and acquisitions, joint ventures, collaborations, partnerships, product launches and brand promotions, among others. The report also discusses the initiatives taken by the key companies to combat the impact of the COVID-19 pandemic.

The leading market contenders listed in the report are:

Cognex Corporation, Zebra Technologies Corporation, Datalogic S.p.A., NXP Semiconductors N.V., Sick AG, Honeywell International Inc., Synaptics Inc., NEC Corporation, Seagull Scientific, Inc., Godex International Co Ltd

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Emergen Research has segmented the global Automatic Identification Data Capture market on the basis of type, application, end-use, and region:

Segments Covered in this report are:

• Offering Outlook (Revenue, USD Billion; 2018–2028)

  • Hardware
  • Software
  • Services

• Product Outlook (Revenue, USD Billion; 2018–2028)

  • Printer & Recorder
    1. RFID Printers
    2. Smart Card Printers
    3. Label Printers
    4. Barcode Printers
    5. Magnetic Stripe Printers
  • Scanners & Readers
    1. RFID Scanners
    2. Magnetic Stripe Readers
    3. Smart Card Readers
    4. Barcode Scanners
       1. Camera-based Scanners
       2. CCD Barcode Scanners
       3. Laser Barcode Scanners
    5. Smart Card Readers
    6. Optical Character Recognition (OCR)
  • Biometric Scanners
    1. Finger Print Recognition
    2. Face Recognition
    3. IRIS Recognition
    4. Voice Recognition
  • Others

• Technology Outlook (Revenue, USD Billion; 2018–2028)

  • Radio Frequency Identification (RFID)
  • Optical Character Recognition (OCR)
  • Biometrics
  • Magnetic Strips
  • Smart Cards
  • Barcodes

The various regions analyzed in the report include:

• North America (U.S., Canada)
• Europe (U.K., Italy, Germany, France, Rest of EU)
• Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
• Latin America (Chile, Brazil, Argentina, Rest of Latin America)
• Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

Key Objectives of the Report:

• Analysis and estimation of the Automatic Identification Data Capture Market size and share for the projected period of 2022-2030
• Extensive analysis of the key players of the market by SWOT analysis and Porter’s Five Forces analysis to impart a clear understanding of the competitive landscape
• Study of current and emerging trends, restraints, drivers, opportunities, challenges, growth prospects, and risks of the global Automatic Identification Data Capture Market
• Analysis of the growth prospects for the stakeholders and investors through the study of the promising segments
• Strategic recommendations to the established players and new entrants to capitalize on the emerging growth opportunities

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