LAMEA 2D Barcode Reader Market By Product Type (Handheld and Fixed), By Application (Warehousing, Logistics, E-commerce, Factory Automation and Others), By Country, Growth Potential, Industry Analysis Report and Forecast, 2021 - 2027
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Market Report Description
The Latin America, Middle East and Africa 2D Barcode Reader Market would witness market growth of 8.8% CAGR during the forecast period (2021-2027). A scanner or a reader, a sensor, a decoder, and a cable are the primary elements of a 2D barcode reader. The image of a 2D barcode is captured by a scanner or a reader. A sensor in the barcode reader is used to detect the light.
This light is reflected back from a 2D barcode. The decoder translates the data which is obtained from the 2D barcode image and sends it to the computer through a cable. The Bluetooth or Wi-Fi network is used to transfer data in the case of a cordless barcode reader. The 2D barcode reader works on the principle of directing a beam of light across a 2-D barcode. The sensor of the device then detects and measures how much light is reflected. A reader or scanner converts this reflected light into a digital signal. The decoder converts this signal into meaningful data and forwards it to a computer.
As there is an increasing population in Africa along with the rapid urbanization and fast-growing consumer expenditure are expected to bring various opportunities in the Africa market. It is considered that the adoption of advanced technologies is the main focus of various industries in Africa. Barcode technology is increasingly used for automatic identification and scanning system in this region. The healthcare system is not very advanced in African countries as compared to other developed counties. There is a need to adopt some technology-related equipment and devices in the healthcare sector. Though, some private hospitals in Zambia and Lusaka use unique medical barcodes and 2D scanners and readers for patient admissions and in pharmacy. It is expected to increase the demand for such devices in this region.
Barcode technology is increasingly used for automatic identification and scanning system. Thus, it can potentially cut down the human errors. This device is very useful in the retail sector as it speeds up the checkout process and tracks the inventory in a warehouse. The barcode scanners have paved their way in a variety of business operations. These devices are helpful for businesses in conserving their resources, improving the real-time prominence of the products, enhancing the data entry process, and increasing employee productivity.
The Handheld market dominated the South Africa 2D Barcode Reader Market by Product Type 2020, thereby, achieving a market value of $67.7 million by 2027. The Fixed market is expected to witness highest CAGR of 10.9% during (2021 - 2027).
Based on Product Type, the market is segmented into Handheld and Fixed. Based on Application, the market is segmented into Warehousing, Logistics, E-commerce, Factory Automation and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global 2D Barcode Reader Market is Predict to reach $10.7 Billion by 2027, at a CAGR of 6.6%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Honeywell International, Inc., Omron Corporation, Sick AG, Zebra Technologies Corporation, Datalogic S.p.A. (Hydra S.p.A.), Cognex Corporation, Casio Computer Co., Ltd., Denso Corporation, Juniper Networks, Inc., and General Data Company, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Product Type
- Factory Automation
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Honeywell International, Inc.
- Omron Corporation
- Sick AG
- Zebra Technologies Corporation
- Datalogic S.p.A. (Hydra S.p.A.)
- Cognex Corporation
- Casio Computer Co., Ltd.
- Denso Corporation
- Juniper Networks, Inc.
- General Data Company, Inc.
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