Barcode Scanner Market to Reach $16.84 Billion by 2030

The Global Barcode Scanner Market size is projected to be USD 16.84 Billion by 2030 growing at a CAGR of 8.4 % from 2023 to 2030, as per a recent report published by Cognitive Market Research. Expansion of manufacturing facilities, logistics, and e-commerce sectors provides a favorable environment for barcode scanners sales, which will boost market growth.

Within the next few years, most stores will be able to track inventory without error due to the effectiveness and operational efficiencies of barcode scanners.

The portable/handheld barcode scanner segment market forecast is expected to hold the highest share of the global market during the forecast period. Portable/handheld barcode scanners are in higher demand than stationary barcode scanners. The main reason behind this is the difference in calibration levels between the two scanners.

By technology, these segments include pen readers, laser scanners, charge-coupled device readers, camera-based readers, smartphone-based scanners, RFID readers, and many others. Barcode readers based on charge-coupled device readers are projected to dominate the global market for barcode scanners during the forecast years.

Among end users, it is segmented into retail & commercial, general manufacturing, healthcare, logistics & warehousing, commercial aviation, defense, and others. In terms of share, the logistics and warehousing segment dominates the global barcode scanners market, followed by retail and commercial. The logistics and warehousing segment are projected to grow at the highest CAGR during the forecast period mentioned above. The growth of this segment can be attributed to the increasing inclination of vendors and suppliers to use barcode scanners to manage the data of different products in their housewares.