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The increased use of smartphones for image recognition is expected to drive innovation in automatic identification and data capture manufacturing, propelling the market during the forecast period.

The global automatic identification and data capture market is expected to grow from $51.44 billion in 2022 to $59.56 billion in 2023 at a compound annual growth rate (CAGR) of 15.78%. The automatic identification and data capture market is expected to reach $101.83 billion in 2027 at a CAGR of 14.35%.

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Global Automatic Identification And Data Capture Market Segments Include:

• By Offering: Hardware, Solutions, Services
• By Product: Scanner And Readers, Biometric Scanners, Printer And Recorders, Other Products:
• By Technology: Biometrics, Radio Frequency Identification (RFID), Smart Cards, Optical Character Recognition (OCR), Other Technologies
• By Industry Vertical: BFSI, Manufacturing, Retail, Transportation And Logistics, Hospitality, Healthcare, Government, Other Industries
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global automatic identification and data capture market in 2021.

Major Market Players in the automatic identification and data capture market include Honeywell International Inc., Zebra Technologies Corporation, Datalogic SpA, Cognex Corporation, Sick AG, Panasonic Holdings Corporation.

The collaboration is a key trend in the market for automatic identification and data capture. Major market players are collaborating to leverage each other’s resources and expand into new markets. For example, in May 2022, CipherLab, a US-based manufacturer of Automatic Identification and Data Capture/Collection products and systems, partnered with SATO. CipherLab will benefit from this collaboration by leveraging integrated picking and checking system solutions that will improve warehouse and product management efficiency. SATO is a company based in the United States that offers integrated labelling and auto-identification solutions. Furthermore, in December 2021, SencorpWhite businesses Intek and Minerva partnered with CipherLab. Through this collaboration, each organisation will be able to provide a broader range of software and mobile solutions to warehouse and manufacturing companies. CipherLab is a US-based manufacturer of Automatic Identification and Data Capture/Collection products and systems.

The Automatic Identification And Data Capture Global Market Report 2023  provides a automatic identification and data capture market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The automatic identification and data capture market forecast analyzes automatic identification and data capture market size, automatic identification and data capture market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Automatic identification and data capture refer to a technologically advanced method that instantly recognises items, gathers pertinent information, and then stores and inputs the information into computer systems.

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