Two-dimensional Code Scanner Market Size, CAGR, Trends 2024-2030

Two-dimensional Code Scanner Introduction

The Global Market Overview of "Two-dimensional Code Scanner Market" offers a unique insight into key market trends shaping the industry world-wide and in the largest markets. Written by some of our most experienced analysts, the Global Industrial Reports are designed to provide key industry performance trends, demand drivers, trade, leading companies and future trends. The Two-dimensional Code Scanner market is expected to grow annually by 11.3% (CAGR 2024 - 2031).

A Two-dimensional (2D) Code Scanner is a device used to read and decode two-dimensional barcodes, such as QR codes. These scanners are more advanced than traditional one-dimensional barcode scanners as they can store and transmit more information in a smaller space.

The purpose of a 2D Code Scanner is to quickly and accurately read codes for inventory management, product tracking, and marketing purposes. It can also be used for mobile payments, ticketing, and access control.

The advantages of using a 2D Code Scanner include faster data transfer, increased data storage capacity, improved error correction, and better readability on various surfaces. Additionally, 2D codes can store URLs, text, and multimedia content, making them more versatile than traditional barcodes.

The growing demand for efficient data capture and enhanced customer experience is expected to drive the Two-dimensional Code Scanner Market, with an increase in adoption across various industries.

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Market Trends in the Two-dimensional Code Scanner Market

- Integration of AI and machine learning: Two-dimensional code scanners are incorporating AI and machine learning algorithms to improve scanning accuracy and speed.

- Increased demand for contactless scanning: Post-COVID-19, there is a growing preference for contactless transactions, driving the adoption of two-dimensional code scanners.

- Augmented reality (AR) integration: AR technology is being integrated into two-dimensional code scanners, allowing for enhanced user experiences and interactivity.

- Rising use of mobile devices for scanning: With the increasing use of smartphones and tablets, the use of mobile two-dimensional code scanners is on the rise.

- Industry disruptions from e-commerce and digital payments: The shift towards e-commerce and digital payments is driving the growth of the two-dimensional code scanner market as businesses look for efficient and secure ways to process transactions.

Market Segmentation

The Two-dimensional Code Scanner Market Analysis by types is segmented into:

• Stationary Reading
• Handheld Reading
• Others

Stationary Reading scanners are fixed in one location for continuous scanning of items passing by, Handheld Reading scanners are portable devices used to scan codes on various surfaces, while Other types may include mobile or embedded scanners. The diversity in scanner types meets the varying needs of businesses and consumers, ultimately boosting demand in the Two-dimensional Code Scanner market. Stationary scanners are ideal for high-traffic areas, Handheld scanners offer flexibility, and Other types cater to unique scanning needs, contributing to the overall growth of the market.

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The Two-dimensional Code Scanner Market Industry Research by Application is segmented into:

• Industrial
• Daily Use
• Others

Two-dimensional code scanners are widely used in industrial settings for inventory management, tracking products along the production line, and quality control. In daily use, they are used for mobile payments, ticket scanning, and access control. In other applications, they are used in healthcare for patient identification and tracking medical history. The fastest growing application segment in terms of revenue is in mobile payments, as more businesses adopt cashless payment methods and consumers increasingly use smartphones for transactions. Two-dimensional code scanners are used in these applications by quickly capturing and decoding data encoded in two-dimensional barcodes, providing efficiency and accuracy in various processes.

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Geographical Spread and Market Dynamics of the Two-dimensional Code Scanner Market

North America:

• United States


• Canada

Europe:

• Germany


• France


• U.K.


• Italy


• Russia

Asia-Pacific:

• China


• Japan


• South Korea


• India


• Australia


• China Taiwan


• Indonesia


• Thailand


• Malaysia

Latin America:

• Mexico


• Brazil


• Argentina Korea


• Colombia

Middle East & Africa:

• Turkey


• Saudi


• Arabia


• UAE


• Korea

The Two-dimensional Code Scanner market in North America is driven by the increasing adoption of advanced technologies in industries such as retail, healthcare, and manufacturing. In Europe, the market is fueled by the presence of major players such as Cognex and Keyence, who offer innovative solutions for barcode scanning. In Asia-Pacific, the market is dominated by China and Japan, with a growing demand for high-tech scanners in countries like India and South Korea. Latin America is witnessing a surge in the adoption of two-dimensional code scanners in countries such as Brazil and Mexico. The Middle East & Africa region is showing potential for growth due to the increasing focus on automation in industries. Key players such as Cilico, Honeywell, and Denso Adc are driving market growth through product innovation and strategic partnerships.

These key players are focusing on developing advanced scanner technologies to meet the increasing demand for efficient and accurate data capture solutions in various industries. The growth factors for these players include technological advancements, strategic partnerships, and expanding product portfolios to cater to the evolving needs of customers in different regions.

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Two-dimensional Code Scanner Market Growth Prospects and Market Forecast

The Two-dimensional Code Scanner Market is expected to witness a CAGR of around 6% during the forecast period, driven by the increasing adoption of digitalization and automation across various industries. Innovative growth drivers such as the integration of advanced technologies like Artificial Intelligence and Machine Learning in two-dimensional code scanners are expected to propel market growth. Additionally, the rising demand for contactless payment solutions and increasing focus on enhancing operational efficiency will further boost the market.

Innovative deployment strategies like the incorporation of cloud-based solutions and IoT-enabled scanners can significantly increase the growth prospects of the Two-dimensional Code Scanner Market. Furthermore, the growing trend of using mobile-based scanning applications and the development of compact, portable scanners for easy accessibility and convenience are expected to drive market growth. The increasing focus on enhancing data security and preventing counterfeiting through the use of encrypted two-dimensional codes will also contribute to market expansion. Overall, strategic investments in research and development to introduce more sophisticated and user-friendly two-dimensional code scanners will play a crucial role in driving market growth.

Two-dimensional Code Scanner Market: Competitive Intelligence

• Cognex
• Keyence
• Cilico
• Sanpo
• Honeywell
• RTscan
• Newland Auto-ID
• Riotec
• Godeland
• Denso Adc

Cognex is a leading player in the two-dimensional code scanner market, known for its innovative solutions and strong revenue figures. The company has a history of developing cutting-edge technology for industrial automation, leading to significant market growth prospects.

Keyence is another key player in the market, with a focus on high-quality products and customer satisfaction. The company has a strong presence in various industries and is known for its innovative market strategies that have contributed to its impressive revenue figures.

Honeywell is a well-established player in the two-dimensional code scanner market, with a long history of providing reliable solutions for a wide range of applications. The company's commitment to innovation and market growth prospects have helped it maintain a competitive edge in the industry.

- Cognex: Sales revenue of $ billion

- Keyence: Sales revenue of $4.5 billion

- Honeywell: Sales revenue of $32 billion

These companies have established themselves as key players in the two-dimensional code scanner market, with a strong track record of performance and innovative market strategies. Their market growth prospects remain strong, driven by a focus on customer satisfaction and technological advancements.

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