Automatic Identification and Data Capture Market Size, Share, Trends, Growth and Forecast 2032

Automatic Identification and Data Capture Market Insights

According to a report from Zion Market Research, the global Automatic Identification and Data Capture Market was valued at USD 60.76 Billion in 2023 and is projected to hit USD 168.50 Billion by 2032, with a compound annual growth rate (CAGR) of 12% during the forecast period 2024-2032.

This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Automatic Identification and Data Capture Market industry over the next decade.

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The report gives a transparent view of the automatic identification and data capture market. We have included a detailed competitive scenario and portfolio of leading vendors operating in the automatic identification and data capture market. To understand the competitive landscape in the automatic identification and data capture market, an analysis of Porter’s Five Forces model has also been included. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Automatic identification and data capture (AIDC)is described as the process of automatically identifying objects, collecting data, and logging the same into computer systems. This entire process takes place without any kind of human intervention. QR codes, barcodes, biometrics, smartcard magnetic strips, etc. are some of the technologies that use the process of AIDC. The major applications of AIDC are identification and authorization of a specific source, tracking, and interface to other devices.

The rising adoption of smartphones for image recognition and QR code scanning in retail and growing use of biometrics in organizations are the major growth drivers of the automatic identification and data capture market. These drivers are expected to accelerate the global market in the years ahead. Smartphone companies use image recognition as a feature to unlock a phone by using AIDC technology. This technology uses the data captured by the device while initiating the process, logs it in the database, and matches it with the information (face) provided while unlocking the smartphone. Furthermore, QR codes are widely used to locate, identify, and track codes of a particular website or application. However, the risk of security and authenticity of data collected may restrain the overall automatic identification and data capture market to some extent.

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Global Automatic Identification and Data Capture Market: Segmentation

The study provides a crucial view of the automatic identification and data capture market by segmenting it based on product, component, vertical, and region. All the segments of automatic identification and data capture market have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

By Product Analysis Segment includes Barcode, Magnetic Stripe Cards, Smartcards, OCR, RFID, Biometrics.

By Component Analysis Segment includes Hardware, Software, Services.

The Vertical Analysis segment includes Manufacturing, Retail, Transportation and Logistics, BFSI, Healthcare and Others.

The regional segmentation comprises the current and forecast demand for the Middle East and Africa, North America, Asia Pacific, Latin America, and Europe.

Automatic Identification and Data Capture Market: Regional Analysis

The Asia Pacific region is anticipated to hold the largest share of the automatic identification and data capture market globally, owing to the expansion of leading logistics and retail companies across the region. These companies use AIDC for smooth processing and accuracy. Another prominent growth factor for this regional growth is the rising demand for automation to reduce errors in emerging industries like retail, logistics, etc. The North American automatic identification and data capture market are expected to grow at a fast pace in the future, due to the growing importance of AIDC in the region’s healthcare sector.

Some prominent companies involved in the automatic identification and data capture market across the globe are Datalogic, Zebra Technologies, Toshiba, SICK AG, Cognex, NXP, Synaptics, Honeywell, SATO, and NEC.

Automatic Identification and Data Capture Market: Report Scope

This report segments the global automatic identification and data capture market into:

Global Automatic Identification And Data Capture Market: Product Analysis

• Barcode
• Magnetic Stripe Cards
• Smartcards
• OCR
• RFID
• Biometrics

Global Automatic Identification And Data Capture Market: Component Analysis

• Hardware
• Software
• Services

Global Automatic Identification And Data Capture Market: Vertical Analysis

• Manufacturing
• Retail
• Transportation and Logistics
• BFSI
• Healthcare
• Others

Global Automatic Identification And Data Capture Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• Middle East and Africa