Home > Media & Technology > Information Technology > IT Software > Automatic Identification and Data Capture Market

Automatic Identification and Data Capture Market Share

Report ID: GMI7395
Published Date: Oct 2024
Report Format: PDF

Download Free Sample

Automatic Identification and Data Capture Market Share

Automatic Identification and Data Capture Company Market Share, 2023

Zebra Technologies Corporation, Honeywell International Inc, and SICK AG collectively held a substantial market share of over 13% in the automatic identification and data capture industry in 2023. By providing a diverse array of AIDC solutions, ranging from barcode scanning and RFID technologies to sensor systems, these companies have emerged as frontrunners. They serve various sectors, including retail, healthcare, and manufacturing. Their dedication to boosting operational efficiency and ensuring the delivery of reliable, top-notch products has firmly entrenched their status in this competitive arena.

Zebra Technologies Corporation integrates IoT and data analytics into its AIDC solutions, enabling customers to gain real-time insights and enhance decision-making. The company also emphasizes building strong customer relationships and crafting tailored solutions to address specific industry needs.

Honeywell International Inc. draws on its vast experience in automation and data management to bolster its AIDC offerings, with a keen focus on efficiency and accuracy. The company actively seeks strategic partnerships and acquisitions to diversify its technology portfolio and strengthen its market presence.

SICK AG prioritizes innovation in sensor technology and automation solutions, delivering advanced AIDC systems that boost data capture and processing capabilities. The company invests heavily in research and development to stay at the forefront of industry trends and adapt its solutions to the changing needs of its clientele.

Automatic Identification and Data Capture Market Companies

Major players operating in the automatic identification and data capture industry are:

Bluebird
Cipherlab
Congex
Datalogic
Denso
Honeywell
NCR
NXP
Panasonic
SATO

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of automatic identification and data capture reached USD 54.1 billion in 2023 and is set to grow at a 12.6% CAGR from 2024 to 2032, driven by the healthcare industry's increasing demand for AIDC technologies.

The hardware segment accounted for over 50% of the market share in 2023 and is expected to exceed USD 75 billion by 2032, highlighting its crucial role in data capture processes.

The barcode technology segment held approximately 32% of the market share in 2023, led by its widespread adoption, cost-effectiveness, and user-friendly nature.

The U.S. market accounted for 70% of the revenue share in 2023 and is anticipated to reach USD 32 billion by 2032, supported by technological advancements and significant investments in innovation.