Market Analysis:
Global ID Barcode Readers In Factory Automation Market is expected to reach USD 3,029.34 million by 2025 and progressing at a significant CAGR in the forecast period 2018 to 2025. The new market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2018 to 2025.
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Segmentation: Global ID Barcode Readers In Factory Automation Market
By Product Type
• (Fixed Mount Barcode Scanner, Handheld Scanner, Mobile Computers, Barcode Scanners, Others),
By Technology
• (Laser Scanners, Omnidirectional Barcode Scanners, Camera-Based Readers, CCD Readers (Charge Coupled Device),
• RFID (Radio Frequency Identification) Technology, Pen-Type Scanners, Others),
By Barcode
• Type(2D, 1D),
By Vertical
• (Consumer Electronics, Automotive, Logistics, Food & Beverage, Pharmaceutical & Medical, Packaging, Oil & Gas, Others),
By Geography
• (North America, Europe, Asia-Pacific, South America, Middle East & Africa)
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Drivers: Global ID Barcode Readers In Factory Automation Market
The major factors contributing to the growth of the market includes factors such as growing need for data accuracy and data storage, increasing adoption of barcodes in various industries.
GROWING NEED FOR DATA ACCURACY AND DATA STORAGE
The need for data accuracy and data storage is expected to enhance ID barcode reading in factory automation market in coming years. Rising need for accurate measurement tools and quality control across the various manufacturing industries is anticipated to drive ID barcode reader in factory automation. Barcode reader collects real time data from assembly line to outbound logistic. Real-time data collection tools help manufacturers to improve productivity and profitability of business. The manual entry and storage of data on paper impact data accuracy and authenticity. The barcode reader is an asset tracking system which helps in inventory control, maintenance management and resource utilization. They are one of the key factors for data accuracy. Barcodes readers are, cost-efficient and an effective tools for providing accurate data to manufacturing industries. As per leading company Zebra Corporation, barcode reader gives greater than 99.9 percent data accuracy. Barcode scanner helps in reducing product search time, improving inventory stocks, enhancing manufacturing process control, improving work-in-process (WIP) productivity and reduces cost of finished goods. Barcodes provide all the data needed and scanning barcodes can be available at any time. This enables greater operational control and helps in making better decisions which in turn will lead to increase in revenue of business.
Increasing adoption of barcodes in various industries
The adoption of barcode reader is increasing at a rapid pace. Barcode scanners have become one of the best solutions to record product information without making any major manual error. The technological advantages and cutting-edge features of barcode scanners are making them popular in various industries. Barcode scanners have propelled the growth of industries such as automotive, food & beverage, consumer electronic, oil & gas, pharmaceutical & medical, packaging, logistics and others. Barcode scanner has increased mobility and wireless connectivity, efficiency and reduced human error across various industries. In addition, barcode reader has improved time management of various processes like tracking equipment while dispatching to different work sites, proper product delivery by proper packing line, import and export shipment, inventories of in-house materials and equipment.
• Advantages of Barcodes in Industries are :-Reduction in errors that cause repetition of work
• Improved accountability for equipment among employees
• Greater customer satisfaction
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Mention below is some of the manufacturing industries using 2D barcode scanner:-
• In automotive industry the barcode reader is used from assembly to final inspection. With the advancement of artificial intelligence technology the barcode readers have achieved an exceptional quality and safety.
• In electronics industry the barcode reader is used in production and packaging. The electronic industry uses barcode scanner for inspection of electronic materials, semiconductors, components, integrated circuit (IC) packaging, and finished electronic equipment.
• In food & beverage industry the barcode reader helps to build and ensure that delivered products match the stringent quality requirements of the industry.
• In logistics industry barcode scanner helps to increase productivity and decrease costs by improving material handling equipment efficiencies, no need of manual sortation and decreases downtime.
• In pharmaceutical industry the barcode scanner improves quality and performance by eliminating defects, verifying assembly, and tracking and capturing information in an overall process.
Major Players: Global ID Barcode Readers In Factory Automation Market
Some of the major players operating in this market are Cognex Corporation, ZIH Corp, Omron Honeywell International Inc , Datalogics S.p.a among others.
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