Global Automatic Identification & Data Capture Industry was valued USD 42.30 Billion in the year 2017. Global Automatic Identification & Data Capture Industry is further estimated to grow at a CAGR of 9.93% from 2018 to 2025 to reach USD 90.26 Billion.
Bluebird Inc., Honeywell International Inc., TSC Auto Id Technology Co Ltd. , Datalogic S.p.A., Seagull Scientific Inc., Allien Technologies Corporation, Avery Dennison Corporation, Axicon Auto ID Ltd., Toshiba Tec Corporation and also more 12 companies information is provided in research report. Automatic Identification & Data Capture Industry with Honeywell International Inc. holding the substantial Industry share because of its better global presence both at production and at an operational level. Rising research and development expenses to cater changing demand of end users, similarly, growth strategies such as collaboration of Honeywell International with Microsoft Corporation as well as Intel Corporation.
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North America region holds the highest Industry share in 2017 and Asia-Pacific Industry is considered as the fastest growing Industry in the forecasted period. At a country level, developed Industry like the U.S. holds the highest Industry share in 2016 and it is projected to grow strongly in the coming years.
Increasing infrastructure like commercial space and security
Lack of coordination between government
Growing technological advancements and digitalization industry
Rising government participation in healthcare sectors
The processing and performance of data capture
Lack of reliability and safety
Amongst various Product type, Biometrics Systems segment is expected to hold the highest Industry share during the forecast period because of the need of growing security in industries and organizations. On the other hand Healthcare segment among manufacturing, retail, transportation & logistics, banking and financial and others is expected to grow at the highest CAGR during the year 2018-2025 due to growing government investments and rising healthcare sector. As it is easier to collect and track patient information and reduce medical error.
Industry by Technology
Industry by Product Type
Magnetic Stripe Readers
Smart Card Readers
Optical Character Recognition (OCR)
Transportation & Logistics
Banking and Financial
• Rest of Europe
• Rest of Asia-Pacific
• Latin America
• Middle East & Africa