The Automatic Identification & Data Capture Market is forecast to reach USD 35 billion by 2027, growing at a CAGR of 12.3% from 2022 to 2027. Automatic Identification and Data Capture (AIDC) is a broad category of technologies used to collect information from an individual, object, image or sound without manual data entry. However, the limitations in terms of inability to process data in case of system failure and risk of data privacy and cyber-attacks on the system are inhibiting the growth of this market. The Automatic Identification & Data Capture Market report by IndustryARC covers complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.
Competitive Landscape :
The top 5 players in the Automatic Identification & Data Capture industry are –
1. Cognex Corporation.
2. Bluebird, Inc.
3. Zebra Technologies.
4. Datalogic S.P.A.
5. NEC Corporation
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Segmental Analysis :
1. The Automatic Identification and Data Capturemarket by type of system has been segmented intobarcodes, radio frequency identification, biometrics, magnetic stripes, optical character recognition, smart cards, voice recognition, electronic article surveillance, real-time locating systems and others.
2. Barcodes are used for automatic identification and tracking of the products, radiofrequency identification technology is used for Automated Vehicle Identification (AVI) systems and Real-Time Locating Systems (RTLS) for tracking the delivery.
3. The Automatic Identification & Data Capture market by geography is segmented into North America, Europe, Asia-Pacific (APAC), South America, and the rest of the world (RoW). North America held the largest market share in Automatic Identification & Data Capture market with 34% of total market size and is predicted to grow at the fastest rate over the forecast period 2022-2027.
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Report Coverage |
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Report Attributes |
Details |
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By Offering |
Hardware, Software, Services (Professional services, Support services) |
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By Technology |
Barcodes, Radio Frequency Identification, Biometrics, Magnetic Stripes, Optical Character Recognition, Smart Cards, Voice Recognition, Electronic Article Surveillance, Real-Time Locating Systems |
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By Products |
Printers (Barcode Printers (Dot Matrix Printers, Inkjet Printers, Laser Printers, Thermal Printers ), Desktop Printers, Mobile Printers, Industrial Printers, Smart Card Printers, Label Printers, RFID Printers, Others), Scanners (Barcode Scanners, Pen type Scanners, Laser Barcode Scanners, Charge-Coupled Device Barcode Scanners, Camera-based Scanners, RFID Scanners |
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By End user |
Manufacturing & Packaging, Retail & E-commerce, Transportation & Logistics, Banking & Finance, Healthcare and Pharmaceuticals, Energy & power, Life sciences, Food & beverages, Automotive, Electronics. |
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By Geography |
North America, Europe, Asia-Pacific, South America and Rest of World |
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Market Drivers and Challenges :
1. Automatic identification and data capture systems are based on Internet of things-based technologies using Wi-Fi, Bluetooth and sensors for connectivity. Globalization and pandemic situation gave a great boost to online purchasing and Ecommerce
2. Automatic identification and data capture technologies include barcodes, radio frequency identification, biometrics, smart cards and other automation technologies. This led to the boost in the demand from the government sector for streamlining processes such as data management of surveys, citizen engagement and ensuring law enforcement
3. The Secretary in Ministry of External Affairs, has stated that the new e-passport will secure biometric data, and also be in line with the standards of the International Civil Aviation Organisation(ICAO). Thus, growing adoption of automatic identification and data capture in government sector is helping the market to grow further.
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