Automatic Identification Data Capture Market Expansion: Analysing Key Players' Investments and Growth Opportunities from Isha's blog

The global Automatic Identification And Data Capture (AIDC) market size reached USD 39.92 Billion in 2020 and is expected to register a revenue CAGR of 14.6%, during the forecast period, according to latest analysis by Emergen Research. Major factors driving global AIDC market revenue growth include rising implementation of these solutions in the e-Commerce industry and rising use in smartphones. Rising adoption of automatic identification and data capture solutions in public transportation is another factor expected to augment revenue growth of the market going ahead. The Dallas Area Rapid Transit (DART), which is the largest municipal transit agency in North Texas, was an early adopter of biometric technology. In its trains, DART has installed facial recognition technology-basedcameras. Biometric systems are used in such cameras for a range of functions, and serve to monitor train capacity, medical emergencies, and lets authorities know whenever a specific individual is or individuals are on board. Other biometric uses include smart ID cards and smart ticketing to identify a person using face recognition in order to access public transportation systems, thereby enabling safer travelling and streamlining ticketing and passenger management processes.

The Global Automatic Identification Data Capture Market report provides full coverage of the companies’ data, including details about their production and manufacturing capacity, product portfolio, business overview, revenue, gross profit margins, sales network and distribution channel, financial standing, and market position. The report also studies business strategies and strategic alliances undertaken by companies to gain a robust footing in the market.

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Competitive Terrain:

The global Automatic Identification Data Capture industry is highly consolidated owing to the presence of renowned companies operating across several international and local segments of the market. These players dominate the industry in terms of their strong geographical reach and a large number of production facilities. The companies are intensely competitive against one another and excel in their individual technological capabilities, as well as product development, innovation, and product pricing strategies.

The leading market contenders listed in the report are:

Cognex Corporation, Zebra Technologies Corporation, Datalogic S.p.A., NXP Semiconductors N.V., Sick AG, Honeywell International Inc., Synaptics Inc., NEC Corporation, Seagull Scientific, Inc., Godex International Co Ltd

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Additional information offered by the report:

Along with a complete overview of the global Automatic Identification Data Capture market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
The report elaborates on the global Automatic Identification Data Capture market size and share governed by the major geographies.
It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
It further presents a detailed description of the company profiles of the key market contenders.

Segments Covered in this report are:

Offering Outlook (Revenue, USD Billion; 2018–2028)
- Hardware
- Software
- Services

Product Outlook (Revenue, USD Billion; 2018–2028)
- Printer & Recorder
  1. RFID Printers
  2. Smart Card Printers
  3. Label Printers
  4. Barcode Printers
  5. Magnetic Stripe Printers
- Scanners & Readers
  1. RFID Scanners
  2. Magnetic Stripe Readers
  3. Smart Card Readers
  4. Barcode Scanners
    1. Camera-based Scanners
    2. CCD Barcode Scanners
    3. Laser Barcode Scanners
  5. Smart Card Readers
  6. Optical Character Recognition (OCR)
- Biometric Scanners
  1. Finger Print Recognition
  2. Face Recognition
  3. IRIS Recognition
  4. Voice Recognition
- Others

Technology Outlook (Revenue, USD Billion; 2018–2028)
- Radio Frequency Identification (RFID)
- Optical Character Recognition (OCR)
- Biometrics
- Magnetic Strips
- Smart Cards
- Barcodes

Radical Highlights of the Automatic Identification Data Capture Market Report:

Comprehensive overview of the Automatic Identification Data Capture market along with analysis of the changing dynamics of the market
Growth Assessment of various market segments throughout the forecast period
Regional and global analysis of the market players, including their market share and global position
Growth strategies adopted by key market players to combat the impact of the COVID-19 pandemic on the market
Impact of the technological developments and R&D advancements on the Automatic Identification Data Capture market
Information about profit-making strategies and developmental strategies of major companies and manufacturers
Insightful information for the new entrants willing to enter the market
Details and insights about business expansion strategies, product launches, and other collaborations
The report incorporates advanced analytical tools such as SWOT analysis, Porter’s Five Forces Analysis, feasibility analysis, and investment return analysis

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