Asia Pacific 2d Barcode Reader Market Size & Outlook
Asia Pacific 2d barcode reader market, 2018-2030 (US$M)
Related Markets
Asia Pacific 2d barcode reader market highlights
- The Asia Pacific 2d barcode reader market generated a revenue of USD 3,246.0 million in 2023.
- The market is expected to grow at a CAGR of 10% from 2024 to 2030.
- In terms of segment, handheld was the largest revenue generating product in 2023.
- Handheld is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 3,246.0 million |
| Market revenue in 2030 | USD 6,341.1 million |
| Growth rate | 10% (CAGR from 2023 to 2030) |
| Largest segment | Handheld |
| Fastest growing segment | Handheld |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Handheld, Fixed |
| Key market players worldwide | Casio Computer Co Ltd, Cognex Corp, Datalogic SPA Az nom Post Frazionamento, Denso Corp, Honeywell International Inc, Novanta Inc, Juniper Networks Inc, Keyence Corp, OMRON Corp, Sato Holdings Corp, SICK, Inc, Zebra Technologies Corp Class A |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 42.2% of the global 2d barcode reader market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 656.7 million by 2030.
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2D Barcode Reader Market Scope
2D Barcode Reader Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific 2d barcode reader market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to 2d barcode reader market will help companies and investors design strategic landscapes.
Handheld was the largest segment with a revenue share of 59.59% in 2023. Horizon Databook has segmented the Asia Pacific 2d barcode reader market based on handheld, fixed covering the revenue growth of each sub-segment from 2018 to 2030.
The growth of 2D barcode reader demand can be attributed to the growing e-commerce, logistics, and warehouse industry in the Asia Pacific regional market. Further, the rising digitization, adoption of 5G, and growing government initiatives towards industry 4.0 for automation and digitization of industries are the key factors driving the demand for 2D barcode readers.
With the surge in logistics, manufacturing, and transportation activities across the region, the deployment of automated scanning and reading applications is constantly boosting the demand for 2D barcode readers as it offers seamless operational capabilities, reduces errors, reduces cost, and enhances transparency in the system are the key factors driving the demand for 2D barcode reader market in the Asia Pacific region.
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Target buyers of Asia Pacific 2d barcode reader market databook
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Our clientele includes a mix of 2d barcode reader market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific 2d barcode reader market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific 2d barcode reader market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific 2d barcode reader market size, by country, 2018-2030 (US$M)
Asia Pacific 2D Barcode Reader Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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