Global Automatic Identification and Data Capture Market Report and Forecast 2024-2032

Global Automatic Identification and Data Capture Market Size

The global automatic identification and data capture market size reached approximately USD 56.44 billion in 2023. The market is projected to grow at a CAGR of 12.0% between 2024 and 2032, reaching a value of around USD 156.89 billion by 2032.

Key Trends in the Market

Automatic identification and data capture (AIDC) refers to different technologies that are used to record information, without manual entry, from objects, individuals, images, or sounds. AIDC applications are available in various categories such as source identification and validation, tracking functionalities, and integration with other systems.

• The automatic Identification and data capture market growth  can be attributed to the rising integration of the Internet of things (IoT) in the AIDC. An increasing number of devices and sensors are now interconnected to provide real-time data that can be captured and processed using AIDC technologies. This integration enables businesses to make data-driven decisions, optimise operations, and enhance customer experiences.

• The proliferation of the e-commerce sector is another major factor enhancing the automatic identification and data capture market demand. Through the implementation of AIDC technologies, e-commerce business managers can easily carry out tasks such as the identification of items, data collection, and data entry into computer systems to enable efficient warehouse management.

• One of the major automatic identification and data capture market trends includes the integration of artificial intelligence and machine learning in AIDC solutions. The integration of these advanced technologies is likely to enhance the processing, storing, and managing of data. Moreover, the reduction of human interference is expected to improve the performance of AIDC in the coming years.

Automatic Identification and Data Capture Market Analysis

Based on the offering, the market is segmented into hardware, software, and services. The global automatic identification and data capture market segmentation, on the basis of product, includes RFID readers, barcode scanners, smart cards, optical character recognition devices, and biometric systems, among others.

The market, based on end use, is categorised into BFSI, retail, transportation and logistics, hospitality, healthcare, energy and power, government, and manufacturing, among others. The major regional markets for automatic identification and data capture are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on Porter’s five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global automatic identification and data capture market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments and expansion plans.

• Honeywell International Inc. 

• Thales Group

• Zebra Technologies Corp. 

• Bluebird Inc.

• Datalogic S.p.A.

• NEC Corporation 

• Getac Technology Corporation 

• TSC Auto ID Technology Co., Ltd.

• Others

Market Share by Offering

Software is likely to account for a significant portion of the global automatic identification and data capture market share. The growth of the segment is fuelled by innovations in automatic identification and data capture software by key players. AIDC solution providers are strategically broadening their marketing efforts to increase the visibility of their software offerings.

Within the banking sector, there is an increasing demand for automatic identification and data capture software for facilitating paperless transactions and empowering digitally connected bankers.

Market Share by End Use

According to the global automatic identification and data capture market analysis, the retail sector is expected to experience robust growth during the forecast period. Automatic identification and data capture technologies are a crucial part of retail stores as they allow efficient supply chain management and warehouse management. With the increasing urbanisation, the establishment of retail stores is likely to surge during the forecast period.

Competitive Landscape of Automatic Identification and Data Capture Industry

Honeywell International Inc. is an American multinational conglomerate, established in 1906. It is one of the Fortune 100 companies focused on manufacturing technologies. The company has divided its operations into four categories, including aerospace, building technologies, performance materials and technologies, and safety and productivity solutions.

Thales Group, commonly known as Thales, is a multinational company specialising in various areas of advanced technologies, primarily in the aerospace, defence, security, and transportation sectors. Founded in 1893 in France, Thales has grown into one of the world's largest and most prominent defence and technology companies.

Zebra Technologies Corp is a global technology company with a strong focus on delivering tracking and visibility solutions to businesses and organisations. Established in 1969 and based in Lincolnshire, Illinois, USA, Zebra Technologies has gained significant recognition in the realm of automatic identification and data capture (AIDC) technologies.

Other global automatic identification and data capture market players include Bluebird Inc., Datalogic S.p.A., NEC Corporation, Getac Technology Corporation, and TSC Auto ID Technology Co., Ltd., among others.

Key Highlights of the Report