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The Asia Pacific Automatic Identification & Data Capture Market size would grow at a market growth of 11.7% CAGR during the forecast period. Automatic Identification & Data Capture system is used to identify and detect objects and data based on predetermined conditions.
The growth of the smart cards segment is due to its various application areas such as in identification, health cards, public transit, ATM cards, credit cards, fuel cards, and security tokens. Among all product categories, the market for biometric systems would grow at the highest CAGR during the forecast period. The ability to automatically identify a person based on physiological characteristics is the factor that drives the growth of biometric systems.
Based on the product type, the Automatic Identification & Data Capture market is segmented into Smart Cards, Barcodes & Magnetic Stripe Cards, RFID Products, Biometric Systems, and Optical Character Recognition (OCR) Systems. Based on the offering, the market is segmented into Hardware, Software and Services. The verticals covered under the report include Manufacturing, Transportation & Logistics, BFSI, Healthcare, Retail, Government and Others.
The countries included in the report are China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific. The market research report covers the analysis of key stake holders of the Asia Pacific Automatic Identification & Data Capture Market. Key companies profiled in the report include Datalogic S.P.A., Honeywell International, Inc., Zebra Technologies Corporation, Sick AG, Cognex Corporation, Toshiba Corporation, NEC Corporation, NXP Semiconductors N.V., Synaptics Incorporated, and Sato Holdings.