Rising implementation of AIDC solutions in the e-Commerce industry and increased utilization of AIDC solutions in smartphones are some key factors driving market growth
Major factors driving global AIDC market revenue growth include rising implementation of these solutions in the e-Commerce industry and rising use in smartphones. Rising adoption of automatic identification and data capture solutions in public transportation is another factor expected to augment revenue growth of the market going ahead. The Dallas Area Rapid Transit (DART), which is the largest municipal transit agency in North Texas, was an early adopter of biometric technology. In its trains, DART has installed facial recognition technology-based cameras. Biometric systems are used in such cameras for a range of functions, and serve to monitor train capacity, medical emergencies, and lets authorities know whenever a specific individual is or individuals are on board. Other biometric uses include smart ID cards and smart ticketing to identify a person using face recognition in order to access public transportation systems, thereby enabling safer travelling and streamlining ticketing and passenger management processes.
The report studies the factors influencing the growth of the industry in the global market and offers accurate predictions about the growth pattern. The report pays special attention to the key elements of the market, such as drivers, restraints, opportunities, threats, risks, limitations, and other aspects.
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Some major companies in the market report include Cognex Corporation, Zebra Technologies Corporation, Datalogic S.p.A., NXP Semiconductors N.V., Sick AG, Honeywell International Inc., Synaptics Inc., NEC Corporation, Seagull Scientific, Inc., and Godex International Co Ltd.
Radical Highlights of the Automatic Identification Data Capture Market Report:
- Comprehensive overview of the Automatic Identification Data Capture market along with analysis of the changing dynamics of the market
- Growth Assessment of various market segments throughout the forecast period
- Regional and global analysis of the market players, including their market share and global position
- Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
- Impact of the technological developments and R&D advancements on the Automatic Identification Data Capture market
- Information about profit-making strategies and developmental strategies of major companies and manufacturers
- Insightful information for the new entrants willing to enter the market
Unfolding the prime factors prompting global market growth:
- The study offers an in-depth analysis of the product outlook, which depicts the latest production growth trends and profit valuation. It further fragments the global Automatic Identification Data Capture market into a broad product spectrum.
- The study covers essential data related to these products’ application landscape, the demand for and market share held by each application type, and their growth rate analysis over the estimated period.
- A detailed description of the distribution channels, including distributors, producers, and buyers, is one of the report’s key market highlights.
Emergen Research has segmented the global automatic identification and data capture (AIDC) on the basis of offering, product, technology, end-use, and region:
Offering Outlook (Revenue, USD Billion; 2018–2028)
- Hardware
- Software
- Services
Product Outlook (Revenue, USD Billion; 2018–2028)
- Printer & Recorder
- RFID Printers
- Smart Card Printers
- Label Printers
- Barcode Printers
- Magnetic Stripe Printers
- Scanners & Readers
- RFID Scanners
- Magnetic Stripe Readers
- Smart Card Readers
- Barcode Scanners
- Camera-based Scanners
- CCD Barcode Scanners
- Laser Barcode Scanners
- Smart Card Readers
- Optical Character Recognition (OCR)
- Biometric Scanners
- Finger Print Recognition
- Face Recognition
- IRIS Recognition
- Voice Recognition
Technology Outlook (Revenue, USD Billion; 2018–2028)
- Radio Frequency Identification (RFID)
- Optical Character Recognition (OCR)
- Biometrics
- Magnetic Strips
- Smart Cards
- Barcodes
End-Use Outlook (Revenue, USD Billion; 2018–2028)
- Manufacturing
- Transportation & Logistics
- BFSI
- Healthcare
- Hospitality
- E-commerce & Retail
- Government
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