Global Augmented & Virtual Reality Market 2018 by Key Vendors, Type and Application, Regions, Analysis by 2023

Prominent Market ResearchWoodridge, 2018 May (Press Release) – Global Automatic Identification & Data Capture Market was valued at USD 42.29 Billion in the year 2017. Global Automatic Identification & Data Capture Market is further estimated to grow at a CAGR of 9.94% from 2018 to reach USD 74.68 Billion by the year 2023. North America region holds the highest market share in 2017 and Asia-Pacific market is considered as the fastest growing market in the forecasted period. At country level, developed markets like U.S holds the highest market share in 2017 and it is projected to grow strongly in the coming years.

Bluebird Inc. (South Korea), Honeywell International Inc. (U.S.), TSC Auto Id Technology Co, Ltd., Datalogic S.p.A., Seagull Scientific, Inc., Allien Technologies Corporation, Avery Dennison Corporation, Axicon Auto ID Ltd., Toshiba Tec Corporation (japan) are some of the top manufacturer in the Automatic Identification & Data Capture market with Honeywell International Inc. holding the substantial market share because of its better global presence both at production and at an operational level. Rising research and development expenses to cater changing demand of end users, similarly growth strategies such as acquisition, merger and expansion of the distribution network were few techniques adopted by most of the Tier 1 and Tier 2 manufacturers in recent years.

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Key Market Players

Bluebird Inc.

Honeywell International Inc.

TSC Auto Id Technology Co, Ltd.

Datalogic S.p.A.

Seagull Scientific, Inc.

Allien Technologies Corporation

Avery Dennison Corporation

Axicon Auto ID Ltd.

Toshiba Tec Corporation

Zebra Technologies Corporation

Unitech Electronics Co. Ltd.

JADAK Tech

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Drivers:

Increasing Infrastructure and Security

Restraints:

Expensive Component

Opportunities:

Increasing demand for Healthcare sector

Challenges:

The processing and performance of data capture

Amongst various Product type, Biometrics Systems segment is expected to hold the highest market share because of the increasing security in various industries and other sectors during the forecast period.

On the other hand Healthcare segment for this market is expected to grow at the highest CAGR during year 2018-2023.

Key Benefits for Stakeholders

Automatic Identification & Data Capture Manufacturers, Distributors and Retailers

Research and Consulting organization

Technology Standards Organizations, Forums, Alliances and Associations

End use industries, Regulatory bodies.

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By Product

Barcode Printers

Market by Technology

Dot Matrix Printers

Laser Printers

Inkjet Printers

Thermal Printers

Market by Product Type

Hardware

Supplies

Software & Services

Barcode Verifiers

Barcode Scanners

Wand Barcode Scanners

Charge-Coupled Devices

Laser Scanners

Image Scanners

RFID

RFID Tags

RFID Systems

Magnetic Stripe Readers

Smart Card Readers

Biometric Systems

Optical Character Recognition (OCR)

Mobile Computers

By Vertical/Industry

Manufacturing

Retail

Transportation & Logistics

Banking and Financial

Healthcare

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By Application

Augmented Reality Applications:

-Aerospace & Defense

-Consumer

-Commercial

-Medical Verticals

-Others

Virtual Reality Applications:

-Commercial

-Consumer

-Medical

-Industrial

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