2D Barcode Reader Market Size, Share & Trends Analysis Report By Product Type (Fixed, Handheld), By Application (Warehousing, Logistics), By Region (South America, MEA, Asia Pacific), And Segment Forecasts, 2023 - 2030

2D Barcode Reader Market Size, Share & Trends Analysis Report By Product Type (Fixed, Handheld), By Application (Warehousing, Logistics), By Region (South America, MEA, Asia Pacific), And Segment Forecasts, 2023 - 2030

2D Barcode Reader Market Growth & Trends

The global 2D barcode reader market size is estimated to reach USD 13.59 billion by 2030, growing at a CAGR of 8.5% from 2023 to 2030, according to the recent reports of Grand View Research, Inc. The market growth can be attributed to the increasing proliferation of barcode scanners in electronic shopping systems, reduction in error rate, and improvement in operational efficiency, along with the surge in digitization and the adoption of automated systems. Furthermore, the rising demand for barcode readers from the e-commerce, retail, warehouse, and logistics sectors is expected to drive the demand for barcode readers, supporting the market growth. Individuals in metro cities are increasingly preferring supermarkets and hypermarkets for shopping for their everyday needs.

As a result, supermarkets and hypermarkets are witnessing a larger footfall, especially on weekends and holidays, when managing the long queues and busy billing counters becomes a tedious task for store employees. Hence, supermarkets and hypermarkets are increasingly resorting to digitalization. Retail stores are aggressively implementing electronic shopping systems to reduce workforce pressure without compromising the shopping experience. At this juncture, mobile 2D barcode readers are particularly allowing store employees to scan and track items on-the-go, and subsequently, to improve efficiency and productivity. Businesses are investing heavily to enhance their storage facilities and maintain lean operations.

The use of barcodes has become widespread, helping users optimize operations in retail, e-commerce, logistics, and other industries. The key factors driving the product demand in these industries are the rising need for transportation & logistics, the growing e-commerce & retail landscape, and increasing government support for digitization & automation across emerging economies. The logistics segment will register the fastest CAGR from 2023 to 2030. In the logistics industry, the device acts as a key for effective and smooth logistics and inventory management. To remain competitive and avoid errors, companies constantly incorporate barcodes across different parts of their operation processes from tracking, receiving, transferring, and delivering products to ensure the parcels are leaving the building on the right transport medium and reach the specific destination on a defined time.

2D Barcode Reader Market Report Highlights

• The handheld product segment is expected to register the fastest CAGR from 2023 to 2030. Handheld barcode readers are used for a wide range of applications
• For instance, in the manufacturing sector, it acts as a crucial tool for tracking shipping, receiving, and Work-In-Progress (WIP) inventories
• Key industry players have an extended operating history, a large customer base, and significant competitive strengths
• For instance, in January 2023, Scandit launched SparkScan, a pre-built smartphone scanning interface, which has high-performance barcode scanning
• The Scandit Smart Data Capture platform allows easy, quick, and flexible scanning in scan-intensive workflows, such as goods receipt in logistics and inventory management in retail

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