Latin America 2d Barcode Reader Market Size & Outlook
Latin America 2d barcode reader market, 2018-2030 (US$M)
Related Markets
Latin America 2d barcode reader market highlights
- The Latin America 2d barcode reader market generated a revenue of USD 331.9 million in 2023.
- The market is expected to grow at a CAGR of 10.2% 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, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 331.9 million |
| Market revenue in 2030 | USD 656.7 million |
| Growth rate | 10.2% (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, Latin America region accounted for 4.3% 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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Latin America 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 72.19% in 2023. Horizon Databook has segmented the Latin America 2d barcode reader market based on handheld, fixed covering the revenue growth of each sub-segment from 2018 to 2030.
In South America, the growing proliferation of online shopping and the rising popularity of social media platforms, particularly in countries, such as Brazil, are allowing consumers to purchase and return products at their convenience. These growing trends are driving the demand for automation in manufacturing facilities for better management of inventories and materials in the facilities.
The application of 2D barcodes helps businesses in keeping the right track of information related to the product, location, manufacturer, and other related specifications are some of the factors that are expected to create higher growth opportunities for the 2D barcode reader market in the South American region.
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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 Latin America 2d barcode reader market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America 2d barcode reader market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America 2d barcode reader market size, by country, 2018-2030 (US$M)
Latin America 2D Barcode Reader Market Outlook Share, 2023 & 2030 (US$M)
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