Global “2D Barcode Reader Market” Research Report offers complete details including recent trends, 2D Barcode Reader statistics, and growth factors. An in-depth study of leading 2D Barcode Reader market players, supply chain scenario, business strategies and development scenario is presented in this report. Various factors like 2D Barcode Reader growth rate, value chain analysis, deployment status and 2D Barcode Reader industry landscape scenario are encompassed in this report. The forecast information related to Global industry is also portrayed in the report.
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About 2D Barcode Reader Market:
A 2D barcode scanner is a process of interpreting two-dimensional barcodes, which store data in two dimensions, rather than in just a series of black and white bars. 2D barcode reader is also called as âQuick Response Code (QR Code)â as they enable fast data access. The reader deciphers the encoded URL, which leads the browser to the appropriate information. The commercial use of 2D barcode reader started in 1981. A 2D bar code reader is employed in various industries to access associated information extensively.
One of the primary reason driving this market increased acceptance of 2D barcodes across various sectors. Another factor driving the demand 2D barcodes is their proficiency to adapt an enormous size of information, unlike 1D barcode scanner. Increased memory at optimum pricing has been a key technological factor, which is an attractive proposition for end users. A key challenge in the market is the insufficiency for capital investment to innovate 2D barcodes. 2D barcode scanners are costlier than their 1D counterparts. Performance, design, and ergonomics are among the top factors of competition among 2D-barcode vendors. Furthermore, price competitiveness offers an additional advantage to barcode scanner vendors.
DPM (Direct Part Marking) is introducing new opportunities for manufacturing more automated solutions and track products through its full life cycle. It can be a potential market for the 2D imager. Also, government regulations and policies may result in the adoption of these devices in industries including healthcare & pharmaceuticals, transportation, and military applications.
Key regions for this market are North America, Europe, Asia-Pacific and MEA and Latin America. North America and Europe are projected to dominate this market over the forecast period with steady growth rates while Asia-Pacific is expected to witness significant growth opportunities during the same period. The adoption rate of barcode technology in India is growing at a healthy growth rate making the industry more attractive day by day.
Some of the key players in the market include Honeywell, OCR Canada, Motorola Solutions, Datalogic, Zebra Technologies, Telenor, SATO, Bluebird, Opticon, Denso ADC, NCR and others. The market is dominated by vendors and will continue the same trend over the forecast period. Continued consolidation is expected with small and medium sized companies focused on niche applications. Image recognition technology which is an alternative technology for 2D barcode reader is at its emerging stage. The main advantage of the image recognition technology as compared to 2D bar codes is that no special software has to be installed. One of the disadvantages of image recognition is that images cannot be recognized because of their image quality. Especially in low light situations images tends to get blurry and grainy. This market is expected to become highly competitive over the forecast period as the market is driven by new technologies and innovations, resulting out of continuous R&D activities by the key players across the industry. Most of the companies are focusing their R&D activities to find low cost and precise products by incorporating new technologies.
The 2D Barcode Reader market was valued at xx Million US$ in 2018 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for 2D Barcode Reader. This report presents the worldwide 2D Barcode Reader market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.
This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porters Five Forces Analysis.
Major Key Players are as Follows:
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2D Barcode Reader Market Applications:
2D Barcode Reader Market Types:
Data Matrix Code
Aztech 2D Barcodes
Highlights of the Global 2D Barcode Reader Report:
- Segmentation details of the market
- Necessary modification of the market dynamics
- Detailed analysis of the parent market
- Market share study
- Estimating role of industrial growth and advancement
- Current, precedent, and future market research in terms of value and volume
- Major strategies of the dominating players
- United States
- South Korea
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2D Barcode Reader Market Report Contains Following Points in TOC:
Chapter 1: 2D Barcode Reader Market Product Overview, Market Segment, Size, Sales, Growth Rate, Price by Type
Chapter 2: Global 2D Barcode Reader Market Competition, Sales, Price, Base Distribution, Sales Area, Product Types, and Trends by Company
Chapter 3: 2D Barcode Reader Company Basic Information, Manufacturing Base and Competitors, Product Category, Applications and Specifications, Price and Gross Margin (2014-2019)
Chapter 4: 2D Barcode Reader Market Status, Size, CAGR, Revenue, Price, Gross Margin and Outlook by Regions
Chapter 5: 2D Barcode Reader Market Sales, and Share Segment by Application/End Users
Chapter 6: Global 2D Barcode Reader Market Sales, Revenue, Growth Rate Forecast (2019-2025)
Chapter 7: 2D Barcode Reader Upstream Raw Materials, Price, Key Suppliers, Cost Structure, Manufacturing Expenses, Industrial Chain Analysis
Chapter 8: Marketing Strategy Analysis, Distributors
Chapter 9: Research Findings and Conclusion
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