Industrial Barcode Scanner Industry Trends 2023-2028: Industry 4.0 and Wearable Scanner Adoption Driving the Market

The global industrial barcode scanner market is projected to attain an estimated value of $8.3 billion by 2028, showcasing a robust compound annual growth rate (CAGR) of 8.1% from 2023 to 2028. The future of this market holds significant promise, marked by opportunities in various applications such as manufacturing, transportation and logistics, retail, and the food & beverage sector. The key drivers propelling market growth include the emergence of Industry 4.0, the increasing adoption of wearable barcode scanners, and the rising presence of multinational logistics service providers on a global scale.

In the competitive landscape of this market, companies vie based on product quality, driving major players to prioritize the expansion of manufacturing facilities, investments in research and development, infrastructural advancements, and capitalizing on integration opportunities across the value chain. These strategic measures empower industrial barcode scanner companies to cater to the growing demand, enhance competitive efficacy, innovate novel products and technologies, reduce production costs, and expand their customer base. Some prominent players in the industrial barcode scanner market include:

Handheld scanners are anticipated to experience the highest growth over the forecast period, driven by retailers' increasing adoption. These portable and user-friendly scanners enable the reading of product information such as price tags or labels during the purchasing process.
Manufacturing is expected to maintain its status as the largest segment due to widespread barcode scanner applications in factories for inventory monitoring, manufacturing status tracking, component location management, quality control data collection, and more.
North America is poised to remain the largest region, attributed to the presence of major OEM manufacturing bases and widespread barcode scanner adoption in sectors such as hospitality, entertainment, and warehousing.