The global automatic identification and data capture market size was US$ 43.1 billion in 2021. The global automatic identification and data capture market is forecast to grow to US$ 102.6 billion by 2030, registering a compound annual growth rate (CAGR) of 12.1% during the forecast period from 2022 to 2030.

Automatic data capture and identification systems recognize data, capture it, and store it in a computer without the need for human help. These data can be in the form of images, text, and sound. Data is collected quickly and accurately because the operation is automated.

Factors Influencing the Market

Several BFSI uses automatic identification and data capture systems like smart cards and biometrics to replace older traditional methods like paper-based papers or government-issued identification cards. Thus, it is propelling the growth of the overall automatic identification and data capture market.

The rising adoption of smart cards, magnetic stripe cards, and biometric devices will propel the automatic identification and data capture market forward during the study period.

The growing use of smartphones for image recognition and QR code scanning is likely to fuel the growth of the global automatic identification and data capture market. In addition, the rising adoption of AIDC solutions to eliminate human error will accelerate the growth of the automatic identification and data capture market during the study period.

The increasing number of partnerships between industry players will take the market forward during the study period. In May 2019, NXP Semiconductors and Identive Group Inc. joined hands. The partnership aims to unveil a new ultra-low-cost NFC inlay, which is developed for gaming, publishing, and retail end-user.

COVID-19 Impact Analysis

The COVID-19 pandemic has had a beneficial impact on the automatic identification and data capture market. Healthcare organizations began adopting these technologies to lower human work. In addition, the digitalization of every segment has fueled the growth of the global automatic identification and data capture market due to the COVID-19 pandemic.

Regional Analysis

Asia-Pacific is expected to hold the greatest market share in the global automatic identification and data capture market. The need for barcodes and biometrics devices is predicted to expand in numerous verticals, including healthcare, manufacturing, e-commerce, BFSI, and transportation and logistics. Thus, it will contribute to the growth of the Asia-Pacific automatic identification and data capture market.

Competitors in the Market

Cognex Corporation
Datalogic S.p.A.
Honeywell
NXP Semiconductors N.V.
Panasonic Corporation
SICK AG
Synaptics Incorporated
Thales
Toshiba
Zebra Technologies
Other Prominent Players
Market Segmentation

The global automatic identification and data capture market segmentation focuses on Offering, Product, Technology, Industry Vertical, and Region.

By Offering

Hardware
Solutions
Services
By Product

Scanner & Reader
Barcode Scanners
RFID Scanner
Smart Card Reader
Magnetic Stripe Reader
Optical Character Recognition (OCR)
Biometric Scanners
Printer & Recorder
Others
By Technology

Biometrics
Radio Frequency Identification (RFID)
Smart Cards
Optical Character Recognition (OCR)
Others
By Industry Vertical

BFSI
Manufacturing
Retail
Transportation & Logistics
Hospitality
Healthcare
Government
Others
By Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America