Indian barcode scanners and printers market stood at $ 44.7 million in 2018

The Indian barcode scanners and printers market stood at $ 44.7 million in 2018 and is projected to grow at a CAGR of 16.8% during 2019-2024 to reach $ 111.6 million by 2024, owing to huge adoption of barcode scanners and printers in transportation & logistics, manufacturing, retail and other sectors.

Moreover, government financial assistance to micro and small companies for the adoption of barcodes, enabling these companies to enhance their marketing competitiveness, is expected to boost the demand for barcode scanners and printers in India during forecast period. Additionally, favorable regulatory policies and technological advancements are expected to have a positive impact on the country's barcode scanners and printers market in coming years.

The Indian barcode scanners and printers market can be segmented based on type and end-user. In terms of type, the market can be bifurcated into scanners and printers. Printers segment lead the market in 2018 and is expected to dominate the market in coming years, owing to the huge demand in automotive & supply chain industries. Based on the end-user, logistics & supply chain acquired the majority share in 2018 and is likely to maintain its leading market position in coming years.