Industrial Scanners Market by Type (Mobile scanners, Handheld scanners, Ring scanners) by Technology (2D, 3D) by Application (Transportation and Logistics, Medical Use, Quality Assurance, Factory Automation, Others) - Global Industry Overview, Market Intelligence, Future Prospects And Competitive Analysis, 2016 - 2028

Industrial Scanners Market Analysis

The industrial scanners market consists of barcode technology- sensors and scanners-that continue flourishing due to industry 4.0. Some of the widely used scanners that make up the industrial scanners market are sheetfed, photo, portable, and flatbed scanners. Industrial scanners are used for several purposes, including factory automation, medical uses, logistics, and quality assurances.

The increase in wearable barcode scanners is creating ease for the manufacturing industry. As the importance of big data continues to grow, the demand for industrial scanners will flourish across nations.

industrial-scanners-market

Global Industrial Scanners market is expected to move forward at a lucrative CAGR of around 7.73% between 2022 and 2028. The revenue generated by the global Industrial Scanners market generated revenue of around USD 344.52 million in 2021 and further projected to cross market value of USD 605.38 million by the end of 2028. Whereas, the revenue generated opportunity offered by the global Industrial Scanners between 2022 and 2028 is expected to be whopping USD 3,451 million.          

Interesting Facts about Industrial Scanners Industry

  • S. is largest market for industrial scanners
  • Transportation & logistics is largest consumer of industrial scanners
  • UK, Germany, France and Italy dominate the demand for industrial scanners in Europe
  • China, South Korea and Japan held over two third share of industrial scanners market in Asia Pacific
  • 3D Industrial scanners are growing in adoption at a rapid pace  

Increasing Automation to Push Demand for Industrial Scanners 

Overall trends for the international industrial scanners market have high potentials. Even the pandemic contributed to enabling the sector to reach higher milestones. Globalization and digitalization are two vital drivers of the industrial scanners market worldwide. Impact of Covid’19 is a close third. Altogether, all three drivers are pushing the global market of industrial scanners to experience its all-time peak.

Industrial scanners are nothing new in the market. In recent years, the rising significance of big data has been noteworthy in securing information and managing large-scale productions. Adding to the mix, the pandemic and lockdowns across the globe caused preferences to shift towards online buying and online business.

Today, even small and local businesses have started offering services online. Business practices and e-commerce continue being centred on barcodes. The wearable barcode scanners continue expanding the industrial scanners sector due to their nimble efficiency and precision.

3D Industrial Scanners to Grow at Rapid Pace

Online operations mean heavy dependence on all kinds of 3D and 2D scanners that exist in the market. In addition, the fear of social interaction due to covid’19 has made individuals rely on the internet to do their work. As a result, businesses have started adapting to these behavioural changes by modifying their practices.

Besides, high competition due to globalization is stressing businesses to market and sell quality-assured commodities. That’s a vital factor in rising demands for industrial scanners to detect and reduce quality deficiencies and sell high-quality output to their consumers.

Frequent Updates in Technology Presents Challenge to Industrial Scanners

The industrial scanners industry is based on technology, and technology experiences an update every passing second. Because of this, the market for industrial scanners needs constant upgrades too. Several productions and applications are based on industrial scanners.

For instance, stakeholders in the entertainment industry need the best scanners for adding animation. Suppose they want to release a blockbuster movie- or a movie that earns them sufficient profits. In that case, they must use the best available industrial scanners to cater to their filming and animation requirements. 

While that may be feasible for more prominent manufacturers, smaller ones may be restrained because of their difficulty adapting to newer and better-equipped industrial scanners. 

Focus on Technological Advancement in Industrial Scanners

Datalogic, DENSO, EUROTECH, GE Measurement & Control, Honeywell, JIREH Industries, Microscan Systems, Olympus, TouchStar Technologies, ZIH and Others are some of the major players in global Industrial Scanners industry. Primary focus of these prominent players has been remained on offering technically advanced products that can be embedded into modern industrial automation process and provide an edge over competitors.

North America to Rule the Industrial Scanners Market

Industrial Scanners market is ruled by the strong demand from North America. U.S. is on the forefront in adopting advanced technologies to be deployed in any industry. In line with its reputation, the country also exhibits high demand for Industrial Scanners. Rapid pace of industrial automation, growth of industry 4.0, access to advanced technology and presence of key players triggered the demand for Industrial Scanners in U.S. While, Europe is holding second position backed by strong demand from Germany, UK and France. Collectively they accounted for over 50% share in Europe. While, China, Japan, Taiwan and South Korea have recorded over 80% share in total revenue generated by the Industrial Scanners industry in Asia Pacific. Latin America, Middle East and Africa on the other hand are facing limited penetration of Industrial Scanners and hence expected to be less attractive markets for growth of Industrial Scanners in the years to come.

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Frequently asked questions about global Industrial Scanners industry

Like other industries, Industrial Scanners market also suffered from COVID 19 pandemic which resulted into decline of over 10.07% in revenue generated in 2020

North America is the largest regional market with highest share in the total volume of Industrial Scanners consumed in 2021

Growing industrial automation to drive the demand for Industrial Scanners

Mobile Scanner segment dominated the Industrial Scanners market in 2021 with over 35% share

Transportation and Logistics segment was the largest application of Industrial Scanners in 2021 with over 30% share

Industrial Scanners Report Scope

Report Attribute Details
Market Value in 2021 USD 344.52 million
Market Value in 2028 USD 605.38 million
CAGR 7.73% between 2021 and 2028
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Published Date:  May 2022
Category:  Industrial Goods
Report ID:   60548
Report Format:   PDF
Pages:   190
Rating:    4.8 (38)
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