• US: +1 9176726599
  • Login

Automatic Identification and Data Capture (AIDC) Market Status (2017-2021) and Forecast Market Analysis, Regional Outlook, Segment Growth Potential, and Competitive Market Share Analysis, 2022-2028

Format: PDF | Pages: 334 | Report ID: MRS1169


Report Description

The global Automatic Identification and Data Capture (AIDC) market size is estimated at USD 83.4 billion in 2021, expanding at a CAGR of 10.7% from 2022 to 2028 to reach 118.7 billion USD in 2028.

Market Dynamics

The rising need to decrease human data collection and input mistakes, expanding regulatory incentives for using AIDC technologies, and the rising usage of AIDC technologies in the e-commerce industry are driving the expansion of identifying and data collection. Nevertheless, significant capital investment for establishing RFID and biometrics devices, as well as a lack of understanding about AIDC possibilities in emerging nations, may stymie industry expansion. The COVID-19 outbreak has had an influence on AIDC sales worldwide. Nevertheless, it has provided both possibilities and difficulties for the ecosystem's stakeholders. A rise in the incidence of illnesses and fatalities due to COVID-19 would cause all nations to boost their medical spending, which is predicted to benefit the development of the AIDC industry.

Governments in many nations frequently experience massive losses in taxes and customs due to faulty data gathering, human mistakes, or willful evasion. To address such concerns, governments throughout the world drafted and executed legislation to increase the usage of AIDC technology in various sectors. These laws and standards are intended to assist enterprises in ensuring improved customer visibility, improving operational efficiency, lowering operating costs through accurate data collection and reducing data input mistakes, and increasing customer happiness. In 2020, GS1 India, the Centre for Railways Information Systems,  and the Indian Business teamed up to build a new section in the AIDC industries in India especially tailored for the Indian Railways objectives.

Regional Insights

In numerous areas such as retail, industrial, transit & distribution, medical, and BFSI, the Asia-Pacific region is now seeing significant development in the scanner, RFID, and biometric technology. Whereas this development is primarily driven by increased consciousness and adaptation of AIDC gadgets, as well as increased government legislation and investments, especially in the retail, medical services, and production industry sectors, it adds to the technical advancement of many industry sectors in the area.

North America, among the most developed areas in regards to technology acceptance and development, will have the biggest market share, owing to factors such as huge expenditures in modernization, upgrades to cloud-based innovation applications, and greater use of novel smart devices.

Segment Dynamics

The Automatic Identification and Data Capture (AIDC) market is fragmented into the Product, Offering, and end-user segments. Based on the Product, the smart card segment is anticipated to dominate the market. By Offering, the software segment is projected to grow at the highest CAGR during the forecast period. By end-user, the healthcare segment is expected to hold the majority of the market share.

Competitive Insights

To increase their share of the AIDC industry, major companies have used product releases and innovations, accompanied by acquisitions and mergers, extensions, agreements, partnerships, alliances, and affiliations. For example, Cognex (US) released its In-Sight Explorer application with compatibility with the OPC Unified Architecture specification in December 2019. OPC UA, the industry's leading data-exchange standard for Industry 4.0, offers simplified communications and knowledge exchange among other vision devices as well as other factory computer assets in manufacturing automated processes.

The report begins with an overview of the Industry Chain structure, and describes the industry environment, then analyses the market size and forecast of Automatic Identification and Data Capture (AIDC) by Product, end-user, region, and Offering. In addition, this report introduces the market competition situation among the vendors, and the company profile, besides, market price analysis, and supply chain features are covered in this report.

Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.):

  • Alien Technology
  • 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

Product Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • 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

Offering Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

  • Software
  • Hardware
  • Services

End-User Coverage (Market Size & Forecast, Main Consumer Analysis, etc.):

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

Region Coverage (Regional Consumption, Demand & Forecast by Countries, etc.):

  • North America (U.S., and Canada)
  • Europe (Germany, U.K., France, Italy, Spain, etc.)
  • Asia-Pacific (China, India, Japan, Indonesia, Malaysia, Australia, South Korea, etc.)
  • South America (Brazil, Mexico, Argentina, etc.)
  • Middle East & Africa (Saudi Arabia, Kuwait, UAE, South Africa, etc.)

Frequently Asked Questions

The global Automatic Identification and Data Capture (AIDC) market size is estimated at USD 83.4 billion in 2021, expanding at a CAGR 10.7% from 2022-2028 to reach 118.7 billion USD in 2028.
North America captured the highest revenue in 2021 and is projected to continue its dominance during the study period.
The global Automatic Identification and Data Capture (AIDC) market size is expanding at a CAGR 10.7% from 2022-2028 to reach 118.7 billion USD in 2028.
Asia Pacific (especially China, and India) region is projected to grow at the fastest growth rate during the study period.
To increase their share of the AIDC industry, major companies have used product releases and innovations, accompanied by acquisitions and mergers, extensions, agreements, partnerships, alliances, and affiliations. For example, Cognex (US) released its In-Sight Explorer application with compatibility with the OPC Unified Architecture specification in December 2019. OPC UA, the industry's leading data-exchange standard for Industry 4.0, offers simplified communications and knowledge exchange among other vision devices as well as other factory computer assets in manufacturing automated processes.

Why Choose Market Research Strategy?

  Authenticated Data Sources

We utilize market analysis/information from verified authenticated data sources to scoop accurate research reports

  Express Delivery

We understand the urgency of our clients and their clients' in the competitive space thus, deliver the report in minimum turnaround

  Gain Instant Access

Without further ado, choose us and get instant access to reliable analysis to help you make the right business decisions.

  Our Pledge to You

We abide by the information security policy and adheres to keep your private and business information confidential and secure.

Copyright © 2022 Market Research Strategy, All rights reserved.