The pick to light market was valued at USD 304.1 Million in 2016 and is expected to reach USD 538.2 Million by 2023, at a CAGR of 8.84% between 2017 and 2023. The base year considered for the study is 2016, and the forecast period is between 2017 and 2023. The objective of the report is to provide a detailed analysis of the market based on method, power source, operation, industry, and region. The report provides detailed information regarding the major factors influencing the growth of the pick to light market. The report also gives a detailed overview of the value chain in the ecosystem of pick to light and analyzes the market trends based on the competitive leadership analysis.

Manual method expected to hold larger share of pick to light market during forecast period

In the manual method, the picker needs to manually confirm the picking activity, whereas in the auto guided method, sensors (primarily photoelectric sensors) are used that automatically acknowledge the picking activity. The manual method is cost-effective and provides high ROI. OMRON (Japan), Wenglor Sensoric GmbH (Germany), and Panasonic (Japan) are some companies that provide sensors for auto guided picking systems. The adoption rate of auto guided systems is higher in APAC than in Europe and North America.

Market for wired pick to light expected to grow at higher CAGR during forecast period

Advancements in wireless technology help manufacturers design and develop wireless pick to light systems. These are advanced systems in which pick to light modules and controllers are wirelessly connected, and the picking module is powered by a battery. These are plug-n-play systems that are easy to use in warehouses. Wireless pick to light systems gained traction in recent years; however, due to the wireless feature, these cost higher than wired pick to light systems. The adoption of wired pick to light systems is high owing to their high ROI and short payback period.

Putting operation expected to gain traction in coming years

Pick to light systems support picking and sorting operations from shelves to other locations. Light-directed picking and putting offer better productivity and error-free operations, resulting in high ROI. Picking operations are widely used for order fulfillment process in the e-commerce industry. They are most suitable for piece picking and broken case picking of items. Pick to light is considered an ideal picking solution where the goods from warehouses go to customers directly. However, the use of pick to light for putting operation is expected to gain traction in the coming years.

Retail & e-commerce industry expected to capture largest share of pick to light market by 2023

Growing SKUs, increase in the number of orders, and last mile deliveries are some factors responsible for the huge adoption of pick to light solutions in the e-commerce industry globally. Amazon (US) is one of the leading players in the e-commerce industry, which is significantly contributing to warehouse automation.

Pick to light market in APAC to grow at highest CAGR during forecast period

APAC is an emerging market for pick to light. Fast-growing e-commerce industry, booming manufacturing sector, and increasing emphasis on domestic production by emerging economies such as China and India are the key factors for the significant growth of the pick to light market in this region.

The pick to light market is dominated by various players according to their core competencies. Key players in this market are Daifuku (Japan), Murata Machinery (Japan), SSI Schaefer (Germany), Dematic (US), and Honeywell Intelligrated (US).

About MarketsandMarkets™

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets’s flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441