Increasing penetration of Industry 4.0 has spurred the deployment of advanced technologies such as cyber-physical systems, cloud, robotics, artificial intelligence (AI), big data, and autonomous techniques across the manufacturing industry. This is helping manufacturing firms to ensure uninterrupted operations and curb the pressure on workers.
These insights are according to a new study on image based barcode reader market by ESOMAR-certified research and consulting firm Future Market Insights.
Moreover, adoption of Industry 4.0 has influenced manufacturing firms to increasingly turn to asset tracking and monitoring technologies to efficiently track and monitor asset locations and their status. Image based barcode readers are the core devices for such activities.
Key Takeaways of Image Based Barcode Reader
- Players to launch proprietary QR code scanner and reader apps that are compatible with Android and iOS
- Market in East Asia to witness meteoric growth, majorly represented by China
- Retail and commercial industry to remain the key revenue generator, capturing over 30% of market value
- Future QR codes expected to reduce error margins ranging between 7-30%
Request a Sample Report with Table of Contents and Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-11940
Rapid Advances in Sensor Technology to Augur Well for Market Growth
High-powered integrated torch (HPIT) image creation system, driven by high-speed liquid lens technology and time-of-flight (ToF) distance measurement, are making a measurable impact by allowing dynamic autofocus at frames per second (FPS). The most recent image based barcode readers come with HPIT feature for use cases including, high-rate tunnel sortation and warehouse handling in situations where product dimensions and packages can differ considerably, demanding the camera to swiftly adjust to various focal ranges.
The HPIT light offers superior illumination ability for fixed-position image based barcode readers. HPIT is perfect for hard to read barcodes, presentation scanning, and use cases that confront the challenge of shifts in working distances. The solution leverages high-rate autofocus technology, distance sensors to deliver top-quality 1D and 2D code image creation, and 16 programmable LED lights.
“QR codes have been around for a long time, though they often have been perceived as a mere tech solution in pursuit of a problem. However, as is the case with swarms of things in the new normal, the COVID-19 pandemic is providing new meaning to QR codes as an elegant enabler of contact-less commerce,” says analysts at FMI.
North America Takes the Lead, East Asia Reflects Potential Growth Avenues
North America has been a test bed for tech-enabled innovations and is characterized by a well-established digital ecosystem. The developed region continues to offer opportunities of growth and profitability to image based barcode reader manufacturers over the following decade. The US spearheads the regional market, where image based barcode readers are significantly used in retail sector for smooth shopping experience.
Moving, the market in East Asia is experiencing tremendous growth, owing to flourishing retail sphere and subsequent development in manufacturing projects that are accenting the need for automated warehouses and thus, triggering the demand for barcode readers. Adoption of 2D Image/ Code Scanning in warehousing activities as well as in shipping and logistics operations are benefitting enterprises in the form of smooth business operations management. Digitization of the retail market, especially in China, and India, is further opening door of opportunities for the image based barcode reader market.
To Know More About Image Based Barcode Reader Market:
A new market research report published by Future Market Insights (FMI) on the global image based barcode reader market report provides extensive insights into the market demand trends and analysis of opportunities over the forecast period. The report analyzes the image based barcode reader market through seven different segments – imaging type, product type, end use, technology, connectivity, sales channel, and region. The image based barcode reader market report also offers in-depth assessment of pricing by different key market dynamics, life cycle analysis, and technologies that are being deployed in the manufacturing of image based barcode readers and product adoption across several end-use industries
Image Based Barcode Readers to Herald an Era of Experiential Shopping
Image based barcode and QR code reading will continue to trend over the next 4-5 years. This can be attributed to the following reasons:
- Over its conventional first-generation barcodes, the new QR codes will have extremely reduced error margins ranging between 7%-30%. Further most codes will have the ability to restore or repair dirty data
- Holding capacities will see an uptick to at least 2000 characters of data that is encoded. This data can range from supply chain management figures, inventory stocks and mobile marketing sales figures
- Readability will become more precise and cutting edge with codes being read from a distance of more than 3 feet
- Machine efficiency will increase thus reducing costs incurred over maintenance
With an estimated 11 million households in US scanning bar codes and QR codes from a meagre 9 million scans in 2018, the future for image based bar code reading and QR code reading looks effervescent.
For information on the Research Approach used in the Report, Request Methodology@ https://www.futuremarketinsights.com/askus/rep-gb-11940
- 1D Image/ Code Scanning
- 2D Image/ Code Scanning
- Portable/Handheld Scanners
- Rugged Scanners
- PDA Scanners
- Smart Phones
- Automatic Readers
- Cordless Scanners
- Fixed-position Scanners
- Stationary Scanners
- Presentation Scanners
- Retail and Commercial
- General Manufacturing
- Health Care
- Logistics & Warehouse
- Commercial Aviation
- S mounted lens
- C mounted lens
- Autofocus / Liquid based lens
- PoE (Power over Ethernet)
- North America
- Latin America
- East Asia
- South Asia & Pacific
- Middle East & Africa