Automatic Identification and Data Capture (AIDC) Market Size, Demand, Industry Statistics and Future Trends Till 2028

The latest report published by IMARC Group, titled "Automatic Identification and Data Capture (AIDC) Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", offers a comprehensive analysis of the industry, which comprises insights on the market share. The report also includes competitor and regional analysis, and contemporary advancements in the market.

The global automatic identification and data capture (AIDC) market size reached US$ 49.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 106.5 Billion by 2028, exhibiting a growth rate (CAGR) of 12.6% during 2023-2028.

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Automatic Identification and Data Capture (AIDC) Market Trends:

Innovations in AIDC technology, such as improved battery life for mobile devices, better connectivity, and advanced materials for labels and tags, represents one of the key factors driving the growth of the market across the globe. AIDC technologies streamline operations by automating identification processes, reducing manual input, and minimizing errors. The need for robust supply chain management, particularly in the face of global commerce and just-in-time inventory systems, is a significant driver. AIDC technologies enable better tracking and management of goods. The retail sector's expansion, with its emphasis on inventory management, customer experience, and omnichannel retailing, requires effective AIDC systems for operations.

The healthcare industry's need for accurate patient identification and tracking, medication safety, and regulatory compliance drives the adoption of AIDC solutions. The boom in e-commerce necessitates efficient warehouse and inventory management systems, where AIDC plays a crucial role in managing large volumes of products and ensuring accurate delivery. The push towards Industry 4.0 and smart manufacturing relies heavily on AIDC for asset tracking, which is controlling production processes, and enhancing productivity. Enhanced security concerns lead to increased use of AIDC technologies for anti-counterfeiting measures in various industries.

Competitive Landscape:

The competitive landscape of the automatic identification and data capture (AIDC) market has been studied in the report with the detailed profiles of the key players operating in the market.

Some of these key players include:                                    

Alien Technology LLC
Cognex Corporation
Datalogic S.p.A. (Hydra SpA)
Epson America Inc. (Seiko Epson Corporation)
Godex International Co Ltd.
Honeywell International Inc.
NEC Corporation
NXP Semiconductors N.V.
Sato Holdings Corporation
Sick AG
Synaptics Incorporated
Toshiba TEC Corporation
TSC Auto ID Technology Co. Ltd.
Zebra Technologies Corporation

Key Market Segmentation:

The report has segmented the global automatic identification and data capture (AIDC) market based on offering, product type, vertical and region.

Offering Insights:

Hardware
Software
Services

Product Type Insights:

Barcode Scanners
Magnetic Stripe Cards
Smart Cards
Optical Character Recognition (OCR) Systems
RFID Products
Biometric Systems

Vertical Insights:

Manufacturing
Retail
Transportation and Logistics
Banking and Finance
Healthcare
Government
Others

Regional Insights:

North America
Asia Pacific
Europe
Latin America
Middle East and Africa

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Automatic identification and data capture (AIDC) refers to the methods of automatically identifying objects, collecting data about them, and entering that data directly into computer systems without human intervention. Technologies typically used for AIDC include barcode scanners, radio frequency identification (RFID), biometrics, magnetic stripes, optical character recognition (OCR), smart cards, and voice recognition. AIDC is widely used in various industries for purposes, such as inventory and asset tracking, security, and time and attendance tracking, to expedite processes and reduce data entry errors.

Key Highlights of the Report:

Market Performance (2017-2022)
Market Outlook (2023-2028)
Market Trends
Market Drivers and Success Factors
Impact of COVID-19
Value Chain Analysis
Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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