Global Automatic Identification and Data Capture (AIDC) Market to Record Protruding Growth with 118.7 billion USD in 2028

July 2022 | Report Format: Electronic (PDF)

Growing digitalization, combined with rising automation throughout sectors, is one of the primary reasons driving the automated identification and data capture industry forward. Furthermore, rising end-user knowledge of the benefits of modern AIDC solutions for data protection is propelling industry expansion. Financial organizations, for example, are using technologies like fingerprints and smart cards to increase the security of monetary operations. In accordance with this, the use of these technologies in the medical industry is expanding for greater data accessibility, reliable data capture, and increased operational effectiveness.

Additional growth-inducing elements include technology breakthroughs such as the creation of RFID devices. These gadgets, which include scanners and tags, may be employed in a variety of industries, including athletics, production, retail, entertainment, transportation, healthcare, and telematics. Additional factors, such as the introduction of favorable government programs encouraging the use of AIDC solutions, are projected to propel the industry even further. Furthermore, the propagation of the COVID-19 outbreak has hastened the expansion of total AIDC technology. Biometric technology, radio frequency (RFID), barcode, card readers, electromagnetic stripes, as well as computer vision are some of the key techniques covered by AIDC (OCR).

 APAC is expected to hold the greatest proportion of the AIDC industry. During the projected period, the AIDC industry in APAC is predicted to develop at the fastest CAGR. Several commerce and logistics organizations are extending their footprint in the area to leverage the rising spending ability of the upper income, which has resulted in the rise of the region's automated identity and data capture sector. Furthermore, the existence of many key players in the area, including Panasonic, Toshiba, SATO, Godex, and Optoelectronics, is anticipated to enhance the expansion of the APAC identity and tracking capture major.

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Automatic Identification and Data Capture (AIDC) Market Report Highlights

• Panasonic released an applications programmer interface (API) for facial recognition technologies to be deployed in Japan in November 2019. Utilizing a cloud-based platform, the API allows deeper learning-powered face recognition software. The API enables the incorporation of face recognition technologies into clients' mobile programs, webpages, and institutional access control systems.
• Mobis Parts Australia (MPAU), an Australian commercial supplier of motor vehicle components, equipment, tools, including gear, received its WT6000 portable computing and RS4000 ring scanner from Zebra Technologies (US) in January 2019. When contrasted to voice-only options, MPAU hopes to simplify its warehouse operations and reduce mistakes with Zebra's products.

AUTOMATIC IDENTIFICATION AND DATA CAPTURE (AIDC) MARKET SEGMENTATION

The research report published by Market Research Strategy contains industry segments, as below-

Automatic Identification and Data Capture (AIDC) Product Outlook (Revenue, USD Million, 2017 - 2028)

• Smart cards
• Heads-up displays
• RFID systems
• Biometric systems
• Magnetic stripe cards
• Google Glass
• Barcoding solutions
• Optical character recognition (OCR) systems
• Voice-directed WMS
• Wearables
• VR solutions

Automatic Identification and Data Capture (AIDC) Offering Outlook (Revenue, USD Million, 2017 - 2028)

• Software
• Hardware
• Services

Automatic Identification and Data Capture (AIDC) End-User Outlook (Revenue, USD Million, 2017 - 2028)

• Manufacturing
• Banking & Finance
• Energy & power
• Transportation & Logistics
• Retail
• Hospitality
• Healthcare
• Government
• Commercial

Automatic Identification and Data Capture (AIDC) Regional Outlook (Revenue, USD Million, 2017 - 2028)

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • U.K.
  • France
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
• Central & South America
  • Brazil
  • Argentina
• Middle East & Africa
  • Saudi Arabia
  • South Africa

List of Key Players- Automatic Identification and Data Capture (AIDC) Market

• Alien Technology
• Cipherlab Co., Ltd.
• Cisco Systems, Inc.
• Cognex Corporation
• Datalogic S.p.A
• Honeywell
• Honeywell International
• Impinj, Inc.
• JADAK
• NXP Semiconductors N.V.
• Panasonic Corporation
• SATO Europe GmbH
• Seiko Epson Corporation
• SICK AG
• Synaptics Incorporated
• Thales
• Toshiba
• Vishay Intertechnology
• Zebra Technologies

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