Automatic Identification and Data Capture Market Report 2031
The automatic identification and data capture market size is projected to reach US$ 121.56 billion by 2031 from US$ 51.96 billion in 2023. The market is expected to register a CAGR of 11.2% in 2023–2031. The mounting e-commerce industry and rising adoption of AIDC solutions across various industries are likely to remain key to automatic identification and data capture market trends.
Automatic Identification and Data Capture Market Analysis
The automatic identification and data capture (AIDC) solution improved accuracy, precision, and seamless operation have led to its acceptance across a range of industries. The market is predicted to grow as a result of factors such as the growing need to decrease manual data entry and capture errors, advancements in AIDC technology, and a rise in the use of sophisticated AIDC systems. Growing smartphone QR scanning and creative, affordable solutions should drive market expansion. Additionally, the demand for AIDC products is probably going to be driven by factors like the quickly expanding retail, consumer goods, and e-commerce sectors.
Automatic Identification and Data Capture Market Overview
Automatic Identification and Data Capture (AIDC) refers to a broad range of technologies that collect information from a person, object, image, or sound without requiring manual data entry. AIDC systems manage inventory, delivery, assets, security, and documents. AIDC systems are used in a variety of sectors, including distribution, manufacturing, transportation, medicine, government, and retail. AIDC applications are typically classified into one of three categories: source identification and validation, tracking, and system interfaces.
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Automatic Identification and Data Capture Market: Strategic Insights
Automatic Identification and Data Capture Market
-
![](https://www.theinsightpartners.com/assets/images/rd_int_img/cagr.png)
CAGR (2023 - 2031)
11.2%
-
Market Size 2023
US$ 51.96 Billion
-
Market Size 2031
US$ 121.56 Billion
Market Dynamics
GROWTH DRIVERS
- Rise in the e-commerce industry
FUTURE TRENDS
- Need of AIDC solution in the Logistics and Supply Chain Industry
OPPORTUNITIES
- Soaring demand for wearable devices
Key Players
- Bluebird, Inc.
- CipherLab Co., Ltd.
- Cognex Corporation
- Datalogic S.p.A
- Denso Wave Inc.
- Honeywell International Inc.
- SATO Holdings Corporation
- SICK AG
- Toshiba Corporation
- Zebra Technologies Corporation
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Offering
- Hardware
- Software
- Services
Product
- Barcodes Products
- Magnetic Stripe Cards
- Smart Cards
- OCR Systems
- RFID Products
- Biometric Systems
Industry Vertical
- BFSI
- Retail & E-Commerce
- Manufacturing
- Healthcare
- Government
- Transportation & Logistics
- Others
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Automatic Identification and Data Capture Market: Strategic Insights
-
CAGR (2023 - 2031)11.2% -
Market Size 2023
US$ 51.96 Billion -
Market Size 2031
US$ 121.56 Billion
![](https://www.theinsightpartners.com/assets/images/rd_int_img/tip-logo.jpg)
Market Dynamics
- Rise in the e-commerce industry
- Need of AIDC solution in the Logistics and Supply Chain Industry
- Soaring demand for wearable devices
Key Players
- Bluebird, Inc.
- CipherLab Co., Ltd.
- Cognex Corporation
- Datalogic S.p.A
- Denso Wave Inc.
- Honeywell International Inc.
- SATO Holdings Corporation
- SICK AG
- Toshiba Corporation
- Zebra Technologies Corporation
Regional Overview
![](https://www.theinsightpartners.com/assets/images/rd_int_img/ig-regional.png)
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
![](https://www.theinsightpartners.com/assets/images/rd_int_img/cust_bullet_danger.png)
- Hardware
- Software
- Services
![](https://www.theinsightpartners.com/assets/images/rd_int_img/cust_bullet_warning.png)
- Barcodes Products
- Magnetic Stripe Cards
- Smart Cards
- OCR Systems
- RFID Products
- Biometric Systems
![](https://www.theinsightpartners.com/assets/images/rd_int_img/cust_bullet_primary.png)
- BFSI
- Retail & E-Commerce
- Manufacturing
- Healthcare
- Government
- Transportation & Logistics
- Others
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Automatic Identification and Data Capture Market Drivers and Opportunities
Rise in the e-commerce industry to Favor Market
Products that automatically identify and capture data, such as wearables, radio frequency identification (RFID) systems, and barcoding solutions, are essential to warehouse management and the e-commerce sector. The e-commerce sector benefits from the use of AIDC technology in terms of automatically identifying items, gathering highly accurate and precise data about them, and electronically entering this data into the computer system. With the technology, processes, accounts, inventory, and human resources are all properly tracked, which contributes to increased overall productivity and operational efficiency. Barcode scanners, handheld and fixed-position laser scanners, rugged tablets, and imagers, among other gadgets, are the most often used tools for data identification and capture.
Need of AIDC solution in the Logistics and Supply Chain Industry
Due to market competency and a desire to keep up with expanding industrial needs, the significance of material tracking and increased throughput has significantly increased. The industries require a systematic approach to gather and process the data in order to streamline the manufacturing and warehousing process and eliminate the errors associated with it. Market players provide a range of solutions for material tracking, asset tracking, warehouse management, work-in-process tracking, inventory management, and more, fulfilled it. For example, Unipro Tech Solutions employs IoT and automatic identification and data capturing (AIDC) technologies in the logistics and supply chain industry so that their personnel can precisely pick, process, and track the items.
Automatic Identification and Data Capture Market Report Segmentation Analysis
Key segments that contributed to the derivation of the automatic identification and data capture market analysis are offering, product, and industry vertical.
- Based on the components, the market is segmented into hardware, software, and services. The hardware segment held a larger market share in 2023.
- By product, the market is segmented into barcode products, magnetic stripe cards, smart cards, OCR systems, RFID products, and biometric systems. The RFID products segment is expected to grow with the highest CAGR.
- By industry vertical, the market is segmented into BFSI, retail & e-commerce, manufacturing, healthcare, government, transportation & logistics, and others. The retail & e-commerce segment is expected to grow with the highest CAGR.
Automatic Identification and Data Capture Market Share Analysis by Geography
The geographic scope of the automatic identification and data capture market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
In terms of revenue, North America accounted for the largest automatic identification and data capture market share in 2023. North America is an early adopter of technological solutions which leads to its soaring market share. The growth in the e-commerce industry leads to market growth. The need for cost-effective and error-free data solutions for data entry purposes drives North America's automatic identification and data capture market share.
Automatic Identification and Data Capture Market Report Scope
Report Attribute
Details
Market size in 2023
US$ 51.96 Billion
Market Size by 2031
US$ 121.56 Billion
Global CAGR (2023 - 2031)
11.2%
Historical Data
2021-2022
Forecast period
2024-2031
Segments Covered
By Offering - Hardware
- Software
- Services
By Product - Barcodes Products
- Magnetic Stripe Cards
- Smart Cards
- OCR Systems
- RFID Products
- Biometric Systems
By Industry Vertical - BFSI
- Retail & E-Commerce
- Manufacturing
- Healthcare
- Government
- Transportation & Logistics
- Others
Regions and Countries Covered
North America - US
- Canada
- Mexico
Europe - UK
- Germany
- France
- Russia
- Italy
- Rest of Europe
Asia-Pacific - China
- India
- Japan
- Australia
- Rest of Asia-Pacific
South and Central America - Brazil
- Argentina
- Rest of South and Central America
Middle East and Africa - South Africa
- Saudi Arabia
- UAE
- Rest of Middle East and Africa
Market leaders and key company profiles
Bluebird, Inc. CipherLab Co., Ltd. Cognex Corporation Datalogic S.p.A Denso Wave Inc. Honeywell International Inc. SATO Holdings Corporation SICK AG Toshiba Corporation Zebra Technologies Corporation
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 51.96 Billion |
Market Size by 2031 | US$ 121.56 Billion |
Global CAGR (2023 - 2031) | 11.2% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Offering
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Automatic Identification and Data Capture Market News and Recent Developments
The Automatic Identification and Data Capture Marketis evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. The following is a list of developments in the market:
- In April 2023, CipherLab, a global leader in scanning, mobile computing, and business process design, announced the launch of its new RS36 Touch Mobile Computer. This versatile and pocketable handheld terminal is the successor to the highly successful RS35 and offers a wealth of design and functionality features. The RS36 Touch Mobile Computer might be small enough to fit in the palm but it packs a punch when it comes to streaming workflows and improving efficiency. Built on Android 12 with a commitment to Android 14, the RS36 provides a familiar and user-friendly interface that shortens the learning and onboarding process. (Source: CipherLab, Press Release, 2023)
- In November 2023, Newland AIDC, a leader in the field of automatic identification and data capture, launched its latest innovation – the NLS-FM3280. This two-in-one fixed-mount barcode scanner is not just a leap forward in barcode scanning technology; it's a multifunctional system that integrates the convenience of Near-Field Communication (NFC) with superior barcode scanning capabilities. Designed to meet the evolving needs of diverse industries, the FM3280 stands out as a versatile and robust solution for data capture challenges. (Source: Newland AIDC, Press Release, 2023)
Automatic Identification and Data Capture Market Report Coverage and Deliverables
The “Automatic Identification and Data Capture Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Market dynamics such as drivers, restraints, and key opportunities
- Key future trends
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Global and regional market analysis covering key market trends, major players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments
- Detailed company profiles
![Report Coverage](https://www.theinsightpartners.com/assets/rdimages/report_coverage.png)
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
![Segment Covered](https://www.theinsightpartners.com/assets/rdimages/segment_covered.png)
Segment Covered
Offering , Product , Industry Vertical
![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
![Country Scope](https://www.theinsightpartners.com/assets/rdimages/country_scope.png)
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The global automatic identification and data capture market was estimated to be US$ 51.96 billion in 2023 and is expected to grow at a CAGR of 11.2% during the forecast period 2023 - 2031.
The growing e-commerce industry and rising adoption of AIDC solutions across various industries are the major factors that propel the global automatic identification and data capture market.
Soaring demand for wearable devices is anticipated to play a significant role in the global automatic identification and data capture market in the coming years.
The key players holding majority shares in the global automatic identification and data capture market are Bluebird, Inc.; CipherLab Co., Ltd.; Cognex Corporation; Datalogic S.p.A; and Zebra Technologies Corporation.
The global automatic identification and data capture market is expected to reach US$ 121.56 billion by 2031.
The incremental growth expected to be recorded for the global automatic identification and data capture market during the forecast period is US$ 69.60 billion.