2D Barcode Reader Market Size

2D Barcode Reader Market Size

2D Barcode Reader Market was valued at USD 8.3 billion in 2023 and is anticipated to grow at a CAGR of over 8.8% between 2024 and 2032. With the rapid expansion of retail and e-commerce, the adoption of barcode readers has surged significantly.

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The use of 2D barcode readers is significantly reducing human error in inventory management. Automated scanning ensures that data is recorded accurately, leading to more reliable inventory records and better decision-making. For instance, in July 2023, Datalogic announced the Gryphon 4500 Fixed Series. These devices are designed to work across a host of self-service applications in retail, manufacturing, healthcare, and transportation & logistics. They offer superior technological performance and ruggedness yet retain a small form factor for easy integration into kiosks, information points, self-check-in, and access control. They are easy to mount from any side, as they have various fixing points.
 

With the growing advancement in 2D barcode technology, there has been an increase in reliability for data capturing capabilities, which ensures higher accuracy, speed, and efficiency in tracking and managing inventory, assets, and information. This enhanced functionality has been achieved through the development of various types of 2D scanners, 2D barcode readers, 2D hand scanners, and 2D imagers. These devices employ sophisticated optical and imaging technologies to decode complex patterns encoded in two-dimensional barcodes. 2D barcode scanners utilize advanced optical and imaging technologies to capture and decode information.
 

Ensuring that 2D barcode readers work seamlessly with various software systems, such as inventory management and Point-of-Sale (POS), can be challenging. Compatibility issues can lead to operational disruptions and additional costs. Handheld barcode readers typically have a short scan range, meaning the user must hold them close to the barcode to read it correctly. This limitation poses a significant challenge when the barcode is in an inaccessible or hard-to-reach spot.