The latest report published by IMARC Group, titled “Automatic Identification and Data Capture (AIDC) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028”, offers a comprehensive analysis of the industry, which comprises insights on the automatic identification and data capture market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.
The global market size reached US$ 49.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 106.5 Billion by 2028, exhibiting a growth rate (CAGR) of 12.6% during 2023-2028.
What is automatic identification and data capture (AIDC)?
Automatic identification and data capture (AIDC) refers to automatically identifying and collecting data about objects, people, or transactions without the need for manual data entry with the use of technology. This includes technologies, such as barcodes, Radio frequency identification (RFID), biometrics, magnetic stripes, and smart cards.
AIDC systems are used in a variety of industries, such as retail, healthcare, logistics, and manufacturing, to improve operational efficiency, accuracy, and speed. By automating data capture, AIDC systems can help reduce errors, streamline processes, and provide real-time visibility into inventory levels, supply chain movements, and customer behavior. AIDC is a critical component of the modern digital economy, enabling businesses to operate more efficiently and effectively.
Market Trends:
The increasing demand for accuracy and efficiency in data collection represents a key factor driving the AIDC market growth across the globe. In line with this, the rising need for real-time data visibility and tracking is contributing to the growth of the market.
The market is also driven by the development of new and advanced technologies, such as RFID and barcode scanning, which are expanding the capabilities and applications of AIDC systems. In addition to this, the increasing use of smartphones and tablets is leading to the development of mobile AIDC solutions that can be used remotely, thus facilitating the market growth.
The increasing use of AIDC in the healthcare industry for patient identification, inventory management, and tracking medical equipment is creating a positive outlook for the market.
Competitive Overview:
The competitive landscape of the automatic identification and data capture (AIDC) market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Alien Technology LLC
- Cognex Corporation
- Datalogic S.p.A. (Hydra SpA)
- Epson America Inc. (Seiko Epson Corporation)
- Godex International Co Ltd.
- Honeywell International Inc.
- NEC Corporation
- NXP Semiconductors N.V.
- Sato Holdings Corporation
- Sick AG
- Synaptics Incorporated
- Toshiba TEC Corporation
- TSC Auto ID Technology Co. Ltd.
- Zebra Technologies Corporation
Key Market Segmentation:
The report has segmented the global automatic identification and data capture (AIDC) market based on offering, product type, vertical and region.
Offering Insights:
- Hardware
- Software
- Services
Product Type Insights:
- Barcode Scanners
- Magnetic Stripe Cards
- Smart Cards
- Optical Character Recognition (OCR) Systems
- RFID Products
- Biometric Systems
Vertical Insights:
- Manufacturing
- Retail
- Transportation and Logistics
- Banking and Finance
- Healthcare
- Government
- Others
Regional Insights:
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East and Africa
Explore Full Report With TOC & List of Figures: https://www.imarcgroup.com/automatic-identification-data-capture-market
Key Highlights of the Report:
- Market Performance (2017-2022)
- Market Outlook (2023-2028)
- Market Trends
- Market Drivers and Success Factors
- Impact of COVID-19
- Value Chain Analysis
- Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
About Us
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IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
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