Automatic Identification and Data Capture (AIDC) Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 67.05 Billion |
| Market Size (2029) | USD 109.54 Billion |
| CAGR (2024 - 2029) | 10.30 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Automatic Identification and Data Capture (AIDC) Market Analysis
The Automatic Identification And Data Capture Market size is estimated at USD 67.05 billion in 2024, and is expected to reach USD 109.54 billion by 2029, growing at a CAGR of 10.30% during the forecast period (2024-2029).
- AIDC has become extremely valuable in today's digital economy, playing a crucial role in enabling the smooth exchange of information across different organizational boundaries. By allowing for real-time data collection and analysis, AIDC helps businesses adapt more swiftly to market shifts, improve resource management, and enhance customer service. In essence, AIDC is vital for saving time and ensuring the accuracy of digital data entry, ultimately leading to greater reliability.
- AIDC is a method that has been developed to gather external data such as voice recordings, images, and videos. A transducer is utilized by AIDC to convert and store data from the physical world into digital format. Furthermore, AIDC applications encompass tracking validation, interfaces, and identification. It is worth noting that there is a projected rise in the demand for smartphones in the future, which is anticipated to drive the growth of the automatic identification and data capture market. The global market for automatic identification and data capture is currently experiencing significant growth.
- Moreover, AIDC products, such as barcoding solutions, wearables, and RFID solutions, are essential in the e-commerce industry and warehouse management. The utilization of AIDC technology aids in automatically identifying items, accurately collecting data, and electronically inputting this information into computer systems. This technology also enhances productivity and operational efficiency by effectively monitoring inventory, accounts, human resources, and processes.
- The increasing demand for supply chain management in various industries is driving the need for identification and data capture technologies, such as barcodes, RFID tags, and QR codes, to enable real-time tracking and tracing. This, combined with the swift digitization and automation in industries, is a significant factor contributing to the market's growth worldwide.
- The global sales of AIDCs have been affected by the COVID-19 pandemic, but it has also presented opportunities and challenges for those involved in the industry. With healthcare services still operating worldwide, there is a continued demand for AIDC technology. To access the database of any system, individuals must pass both facial and fingerprint recognition. If one of the identification criteria is not met, access to the database might be denied. These enhanced security features provided by biometrics offer a potential for growth in the automatic identification and data capture market.
- Nevertheless, the significant expense associated with installation poses a major challenge for small and medium-sized enterprises looking to adopt automatic identification and data-capturing products. Installing products like smart cards requires the addition of one or two costly contactless point-of-sale terminals, which can be particularly burdensome for companies with limited capital resources.
Automatic Identification and Data Capture (AIDC) Market Trends
Barcodes Segment To Hold Significant Market Share
- Barcodes are one of the most widely recognized forms of AIDC technology. Barcodes are small images of lines and spaces that are attached to retail items, ID cards, and mail to distinguish a specific product number, person, or location. A barcode reader utilizes a laser beam to detect the thickness and variation of the lines and spaces. The reader then converts this information into digital data and transfers it to a computer for storage or further action. Moreover, the barcode reader utilizes a laser beam that is able to detect and interpret the thickness and variation of the lines and spaces.
- Barcodes play a critical role in enabling businesses to efficiently manage and access large amounts of data related to the products they are attached to. They are widely utilized in the healthcare industry, particularly in hospitals, to accurately identify patients and access important information such as medical history and medication allergies. In addition, barcodes are essential in various industries for documenting essential details, such as tracking rental cars, airline luggage, registered mail, and even hazardous materials like nuclear waste.
- Furthermore, the increasing popularity of cashless payments in Japan. The proportion of cashless transactions has shown growth, more than doubling in the past ten years. This surge can be attributed to the higher usage of credit cards, as well as the doubling in value of QR code and barcode payments from 2021 to 2023. According to Payments Japan, in 2023, the total value of QR code and barcode transactions at both physical and online stores in Japan reached approximately JPY 14.9 trillion (USD 94.22 billion). Barcode payment services have emerged as the second most preferred payment method, surpassing electronic money for the second consecutive year.
- Moreover, two-dimensional barcodes provide the capability to incorporate Web URLs, text, or other information in a format that can be read by a camera. This feature allows smartphone users to conveniently scan a 2D barcode and be directed to a corresponding Web page or other data contained within the code. As a result, users are relieved from the burden of having to remember or manually input URLs found on a product.
- Manufacturers are continuously improving advanced barcode scanners to enhance the adoption of their products. For example, Zebra's barcode scanners have been well-received in the market due to their advanced scanning capabilities, such as detecting damaged barcodes, and their durability in challenging work environments. Other manufacturers in the automatic identification and data capture (AIDC) market are following suit by implementing 24/7 ergonomics in their barcode scanners. Companies are prioritizing the integration of proprietary technologies in their scanners to stay ahead of the competition.
Asia-Pacific To Be The Fastest Growing Region
- The Asia-Pacific region has contributed significantly to the AIDC market. Retail and logistics companies are increasingly establishing a presence in the region to take advantage of the growing purchasing power of the middle class, which has, in turn, driven the growth of the automatic identification and data capture market in the area. Moreover, the notable presence of various market players like Toshiba, SATO, and other players in the region is expected to further boost the growth of the automatic identification and data capture market in APAC.
- The high share in the market can be credited to the growing awareness and widespread adoption of AIDC devices, as well as increased government legislative support and investments, especially in the retail, healthcare, and manufacturing sectors. The regional market is experiencing growth due to the widespread acceptance of advanced technology and technological advancements across various industries.
- The growth in the region is mainly attributed to the rising awareness and usage of AIDC devices, along with increased government support and investments, especially in the retail, healthcare, and manufacturing sectors. This growth is significantly contributing to the technological advancement of various industries in the area.
- The government's support and initiatives for the use of Radio Frequency Identification (RFID) technology in various industries, such as national ID cards and transportation, along with the increasing acceptance of RFID technology by private companies, have significantly contributed to the potential growth of the AIDC market.
- Moreover, according to Zebra Technologies reports, around 70% of warehouse decision-makers in India and the Asia-Pacific (APAC) region have expressed a desire to enhance efficiency through automation by 2024. Moreover, 58% of warehouse decision-makers are considering the implementation of radio frequency identification (RFID) technology by 2028. This decision is anticipated to improve inventory management and reduce occurrences of out-of-stock items. Such factors are likely to drive the growth of the market.
Automatic Identification And Data Capture (AIDC) Industry Overview
The Automatic Identification and Data Capture (AIDC) Market is fragmented and consists of several players. Companies in the market continuously try to increase their market presence by introducing new products, expanding their operations, or entering strategic mergers and acquisitions, partnerships, and collaborations. Some of the major players include Datalogic SpA, SICK AG, Honeywell International Inc., Zebra Technologies, Omron Corporation, and many more.
• May 2024: AVer announced the release of a new Optical Character Recognition (OCR) feature in its AVerTouch software, specifically designed to connect to AVer Visualisers via USB. With the option of a free trial or a lifetime license purchase, educators can easily convert graphical text, handwritten notes, diagrams, and other paper-based teaching materials into editable digital files. This will greatly enhance lesson preparation and help build a valuable digital resource library.
• February 2024: Symmetry Systems, a cutting-edge AI-powered data security company, announced the release of its advanced Optical Character Recognition (OCR) image analyzer. This innovative feature is designed to revolutionize the way businesses detect and protect critical images within a hybrid cloud environment, encompassing all unstructured data object stores such as OneDrive, Amazon S3, Google Cloud Storage, Azure Blob Storage, and Snowflake. This enhancement can identify confidential information embedded in different image formats and PDFs and is capable of recognizing over 100 languages.
Automatic Identification And Data Capture (AIDC) Market Leaders
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Datalogic S.p.A.
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SICK AG
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Honeywell International Inc.
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Zebra Technologies
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Omron Corporation
*Disclaimer: Major Players sorted in no particular order
Automatic Identification And Data Capture (AIDC) Market News
- February 2024: Tactile Technologies, a prominent provider of touch, auto-ID, and payment solutions, has announced a partnership with Unitech, a renowned leader in AIDC technologies. This collaboration is a major achievement for both companies as they strive to deliver cutting-edge solutions and exceptional service to customers in South Africa. Tactile Technologies provides personalized service and customized solutions through in-house repairs and support.
- January 2024: NEC, a leading biometrics developer and electronics company, has introduced a new facial recognition product that is able to gather vital signs from individuals simply by scanning their faces. NEC is currently concentrating on multimodal biometric authentication, which integrates face recognition and iris recognition for increased precision. According to Himaoka, the company is optimistic that facial recognition technology will extend beyond just access control applications to include usage in stores, transportation, and online identity verification.
Automatic Identification and Data Capture (AIDC) Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Industry Attractiveness - Porter's Five Forces Analysis
4.2.1 Bargaining Power of Buyers/Consumers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat of Substitute Products
4.2.4 Intensity of Competitive Rivalry
4.2.5 Threat of New Entrants
4.3 Impact of Macroeconomic Factors on the Market
4.4 Market Drivers
4.4.1 Increasing Use of Smartphones for QR Code Scanning and Image Recognition
4.4.2 Expansion of Retail Sector is Driving the AIDC Market
4.5 Market Restraints
4.5.1 High Cost Associated in Installation of AIDC Systems
5. MARKET SEGMENTATION
5.1 By Offering
5.1.1 Hardware
5.1.2 Software
5.1.3 Services
5.2 By Product
5.2.1 Smart Cards
5.2.2 Barcodes
5.2.3 RFID (Radio Frequency Identification)
5.2.4 Biometrics Systems
5.2.5 Optical Character Recognition (OCR)
5.2.6 Other Products
5.3 By End-user Industry
5.3.1 Manufacturing
5.3.2 Retail
5.3.3 Transportation & Logistics
5.3.4 Hospitality
5.3.5 BFSI
5.3.6 Healthcare
5.3.7 Government
5.3.8 Energy & Power
5.3.9 Others
5.4 By Geography***
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.2 Europe
5.4.2.1 United Kingdom
5.4.2.2 Germany
5.4.2.3 France
5.4.2.4 Spain
5.4.2.5 Italy
5.4.3 Asia
5.4.3.1 China
5.4.3.2 India
5.4.3.3 Japan
5.4.3.4 South Korea
5.4.3.5 Australia and New Zealand
5.4.4 Middle East and Africa
5.4.5 Latin America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Datalogic S.p.A.
6.1.2 SICK AG
6.1.3 Honeywell International Inc.
6.1.4 Zebra Technologies
6.1.5 Omron Corporation
6.1.6 Bluebird Inc.
6.1.7 NCR Corporation
6.1.8 Toshiba Corporation
6.1.9 SATO Holdings Corporation
6.1.10 Cognex Corporation
6.1.11 Alien Technology LLC
6.1.12 Avery Dennison Corporation
6.1.13 Zebex Industries Inc.
6.1.14 Axicon Auto ID Ltd.
6.1.15 Opticon Sensors Europe B.V.
6.1.16 Impinj Inc.
- *List Not Exhaustive
7. INVESTMENT ANALYSIS
8. FUTURE OF THE MARKET
Automatic Identification and Data Capture (AIDC) Industry Segmentation
Automatic identification and data capture (AIDC) is a process that involves scanning, identifying, capturing, analyzing, recording, and storing data from various sources, such as individuals, videos, pictures, or audio, without requiring manual input. AIDC systems are commonly utilized for asset management, inventory control, delivery tracking, document scanning, and security purposes.
The automatic identification and data capture (AIDC) market is segmented by offering (hardware, software, and services) by product (smart cards, barcodes, RFID (radio frequency identification), biometrics systems, optical character recognition (OCR), and other products), by end-user (manufacturing, retail, transportation and logistics, hospitality, BFSI, healthcare, government, energy and power, and others), by geography (North America, Europe, Asia-Pacific, and Rest of the World). The market sizes and forecasts are provided in terms of value (USD) for all the above segments.
| By Offering | |
| Hardware | |
| Software | |
| Services |
| By Product | |
| Smart Cards | |
| Barcodes | |
| RFID (Radio Frequency Identification) | |
| Biometrics Systems | |
| Optical Character Recognition (OCR) | |
| Other Products |
| By End-user Industry | |
| Manufacturing | |
| Retail | |
| Transportation & Logistics | |
| Hospitality | |
| BFSI | |
| Healthcare | |
| Government | |
| Energy & Power | |
| Others |
| By Geography*** | |||||||
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| Middle East and Africa | |||||||
| Latin America |
Automatic Identification and Data Capture (AIDC) Market Research FAQs
How big is the Automatic Identification And Data Capture Market?
The Automatic Identification And Data Capture Market size is expected to reach USD 67.05 billion in 2024 and grow at a CAGR of 10.30% to reach USD 109.54 billion by 2029.
What is the current Automatic Identification And Data Capture Market size?
In 2024, the Automatic Identification And Data Capture Market size is expected to reach USD 67.05 billion.
Who are the key players in Automatic Identification And Data Capture Market?
Datalogic S.p.A., SICK AG, Honeywell International Inc., Zebra Technologies and Omron Corporation are the major companies operating in the Automatic Identification And Data Capture Market.
Which is the fastest growing region in Automatic Identification And Data Capture Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Automatic Identification And Data Capture Market?
In 2024, the Asia Pacific accounts for the largest market share in Automatic Identification And Data Capture Market.
What years does this Automatic Identification And Data Capture Market cover, and what was the market size in 2023?
In 2023, the Automatic Identification And Data Capture Market size was estimated at USD 60.14 billion. The report covers the Automatic Identification And Data Capture Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Automatic Identification And Data Capture Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Automatic Identification and Data Capture (AIDC) Industry Report
Statistics for the 2024 Automatic Identification And Data Capture (AIDC) market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Automatic Identification And Data Capture (AIDC) analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
