Press release
Effect Of Image Recognition On ID Barcode Readers In Factory Automation: Critical Driver Shaping the Identification (ID) Barcode Readers In Factory Automation Market in 2025
Identification (ID) Barcode Readers In Factory Automation Market Size
Identification (ID) Barcode Readers In Factory Automation Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The Factory Automation market, specifically ID barcode readers, has seen considerable growth in recent years. The market size is projected to swell from $2.56 billion in 2024 to $2.76 billion in 2025, marking an impressive Compound Annual Growth Rate (CAGR) of 7.9%. This growth during the historic period can be linked to enhanced database integration for data management, automated data capture, process automation, and advances in mobile compatibility for ID barcode scanning. Other factors include the broadening use of ID barcode readers across various industries, as well as a reduction in data entry and record-keeping errors.
Identification (ID) Barcode Readers In Factory Automation Market Size Forecast: What's the Projected Valuation by 2029?
The market size for ID barcode readers in factory automation is anticipated to exhibit a robust growth trajectory in the coming years, with expectations to reach $3.69 billion by 2029, growing at a CAGR of 7.5%. Factors contributing to this projected growth during the forecast period include the surge in the usage of image recognition applications, a heightened demand for precision and reliability during production, the preference for high-speed scanners to boost processing efficiency, overall broadening of regulatory norms and industry standards and the escalating requirement for secure, tamper-proof id verification. Additionally, the forecast period is likely to witness trendsetting improvisations in ID barcode technology applications, assurances in compliance, improvement in quality control, product innovation, and advancement in barcode readers.
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What Are the Drivers Transforming the Identification (ID) Barcode Readers In Factory Automation Market?
The escalation in the employment of image recognition applications is projected to propel the advancement of ID barcode readers in the field of factory automation in the future. Image recognition pertains to the detection and identification of features or items in digital photographs and images. There is an increased need for ID barcode readers in factory automation to boost efficiency, traceability, and decrease errors in the processes of production and inventory management. Image recognition employs ID barcode readers to swiftly and accurately identify and process information encoded in barcode images, thus enabling automated data retrieval and management. For instance, in January 2022, as per a report by Capital Economics, a UK-based economics firm, about 2% of businesses are experimenting with AI, and 10% intend to incorporate AI technologies, which amounts to approximately 62,000 and 292,000 businesses respectively. Among AI applications, the most prevalent are data management and analysis, used by 9% of UK-based businesses. This is then followed by natural language processing (8%), machine learning (7%), AI hardware (5%), and computer vision/image recognition (5%). Consequently, the surge in the application of image recognition prompts the growth in ID barcode readers within the factory automation market.
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What Long-Term Trends Will Define the Future of the Identification (ID) Barcode Readers In Factory Automation Market?
Leading companies in the factory automation market, particularly in the identification barcode reader sector, are prioritizing advancements in ID barcode technology applications such as compact industrial 1D code readers. These are specifically engineered for use in manufacturing and logistics settings and ensure dependable, superior barcode reading. For example, in January 2024, Datalogic S.p.A., a prominent Italian industrial automation company, introduced the Blade Series. This is a new range of compact industrial 1D code readers geared towards delivering top-notch traceability for the packaging and intralogistics sectors. Furnished with a sturdy 1920x128 pixel camera sensor, sophisticated lighting, and accurate 1-dimensional decoding, it's capable of continuously identifying labels regardless of discoloration, damage, wear, or poor quality.
Which Segments in the Identification (ID) Barcode Readers In Factory Automation Market Offer the Most Profit Potential?
The identification (ID) barcode readers in factory automation market covered in this report is segmented -
1) By Technology: Quick Response (QR) Or Barcode Recognition, Object Recognition, Facial Recognition, Pattern Recognition, Optical Character Recognition
2) By Offering: Hardware, Software, Services
3) By Deployment: Cloud, On-Premise
4) By Application: Augmented Reality, Scanning And Imaging, Security And Surveillance, Marketing And Advertising, Image Search
5) By End Use: Automobile And Transportation, Banking, Financial Services, And Insurance (BFSI), Government, Healthcare, Information Technology (IT) And Telecom, Media And Entertainment, Retail And E-Commerce, Other End Uses
Subsegments:
1) By Quick Response (QR) Or Barcode Recognition: 1D Barcode Scanners, 2D Barcode Scanners, QR Code Readers
2) By Object Recognition: Object Detection Scanners, Machine Vision Systems for Object Recognition, 3D Object Recognition Technologies
3) By Facial Recognition: Face Scanning Systems For Factory Access, AI-Based Facial Recognition Technology, Multi-Factor Authentication With Facial Recognition
4) By Pattern Recognition: Pattern Matching Algorithms, Optical Pattern Recognition Systems, Barcode And QR Code Pattern Recognition
5) By Optical Character Recognition (OCR): OCR For Barcode Reading, Text Recognition Systems For Factory Automation, Handwritten Text Recognition
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Which Firms Dominate the Identification (ID) Barcode Readers In Factory Automation Market by Market Share and Revenue in 2025?
Major companies operating in the identification (ID) barcode readers in factory automation market are Hitachi Ltd., Siemens AG, Qualcomm Technologies Inc., Mitsubishi Electric Corporation, Schneider Electric SE, Honeywell International Inc., ABB Ltd., Toshiba Corporation, Ricoh Company Ltd., Emerson Electric Co., Rockwell Automation Inc., Keyence Corporation, Omron Electronics LLC, Zebra Technologies, Cognex Corporation, Data Logic S.p.A, Jadak LLC, ECOM Instruments GmbH, Clarifai Inc., Wikitude GmbH, Custom Sensors Inc
Which Regions Offer the Highest Growth Potential in the Identification (ID) Barcode Readers In Factory Automation Market?
North America was the largest region in the identification (ID) barcode readers in the factory automation market in 2024. The regions covered in the identification (ID) barcode readers in factory automation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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