Market Overview:
The global commercial code reader market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for automated data collection and analysis across various industries. Additionally, the growing trend of Industry 4.0 is also expected to fuel the demand for commercial code readers in the coming years. Based on type, handheld commercial code readers are expected to dominate the market during the forecast period owing to their small size and low cost as compared with fixed readers. Based on application, payment applications are expected to hold a major share of this market during the forecast period owing to increased adoption of contactless payments across various regions worldwide.
Product Definition:
A Commercial Code Reader is an electronic device used to read commercial paper. The importance of a Commercial Code Reader is that it allows businesses to quickly and easily read the information on commercial paper, making it easier to process and manage.
Handheld:
Handheld code reader market is expected to grow at a CAGR of XX% from 2016 to 2024. The growth can be attributed to the increasing demand for handheld devices with features such as high portability, long battery life, and ease of use. These devices are used in various applications such as construction sites, warehouses & storage units among others where they help in accessing information about the stored products and their conditions.
Fixed:
Fixed is a technology that helps in capturing the data from an analog to digital form. It's used for converting continuous and non-linear motion into a series of discrete values. Fixed can be used with any device that needs to measure position, speed, or other parameters of an object.
The market size for code reader is expected to witness significant growth over the forecast period owing to increasing demand across various industry verticals such as manufacturing & construction, oil & gas.
Application Insights:
The others application segment accounted for the largest revenue share in 2017 and is projected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to an increase in demand for code readers from various industries such as healthcare, manufacturing, oil & gas and transportation among others.
The logistics application segment is expected to witness significant growth over the forecast period owing to an increase in supply chain attacks by organized crime networks resulting into increased adoption of these devices across warehouses and distribution centers globally. Furthermore, increasing investments by companies operating within the logistics industry such as UPS, DHL etc., are likely to boost product demand across various applications worldwide.
Regional Analysis:
North America dominated the global market in 2017. The growth of this region can be attributed to the presence of prominent players such as VeriFone Systems Inc.; Paypal, Inc.; and American Express Company. These companies are actively involved in promoting acceptance of these readers across various industries, which is further expected to drive regional growth over the forecast period.
Asia Pacific is anticipated to witness significant growth over the next eight years owing to increasing adoption by banks and financial institutions for processing foreign currency transactions and payment gateway services within their organizations. Furthermore, growing demand for mobile commerce across this region will also drive product demand during the forecast period.
Growth Factors:
- Increasing demand for automated code reading solutions in manufacturing and logistics industries to improve operational efficiency.
- Growing popularity of barcode and QR code scanning among consumers for product identification and tracking purposes.
- Proliferation of mobile devices with built-in cameras that can be used for commercial code reading applications.
- Development of new decoding algorithms that can read damaged or obscured codes more accurately.
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Code Reader Market Research Report
By Type
Handheld, Fixed
By Application
Payment, Logistics, Others
By Companies
Cognex, Keyence, Datalogic, Newland, Hikrobot, Omron, Baumer Holding AG, Zebra Technologies, HuaRay, Honeywell
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
240
Number of Tables & Figures
168
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Code Reader Market Report Segments:
The global Commercial Code Reader market is segmented on the basis of:
Types
Handheld, Fixed
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Payment, Logistics, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Cognex
- Keyence
- Datalogic
- Newland
- Hikrobot
- Omron
- Baumer Holding AG
- Zebra Technologies
- HuaRay
- Honeywell
Highlights of The Commercial Code Reader Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Handheld
- Fixed
- By Application:
- Payment
- Logistics
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Commercial Code Reader Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Commercial Code Reader is a software application that helps developers and business professionals read and understand the code of commercial software applications. It can help identify potential issues with the code, as well as suggest improvements.
Some of the major players in the commercial code reader market are Cognex, Keyence, Datalogic, Newland, Hikrobot, Omron, Baumer Holding AG, Zebra Technologies, HuaRay, Honeywell.
The commercial code reader market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Commercial Code Reader Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Commercial Code Reader Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Commercial Code Reader Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Commercial Code Reader Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Commercial Code Reader Market Size & Forecast, 2020-2028
4.5.1 Commercial Code Reader Market Size and Y-o-Y Growth
4.5.2 Commercial Code Reader Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Handheld
5.2.2 Fixed
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Payment
6.2.2 Logistics
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Commercial Code Reader Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Commercial Code Reader Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Handheld
9.6.2 Fixed
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Payment
9.10.2 Logistics
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Handheld
10.6.2 Fixed
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Payment
10.10.2 Logistics
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Handheld
11.6.2 Fixed
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Payment
11.10.2 Logistics
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Handheld
12.6.2 Fixed
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Payment
12.10.2 Logistics
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Handheld
13.6.2 Fixed
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Payment
13.10.2 Logistics
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Commercial Code Reader Market: Competitive Dashboard
14.2 Global Commercial Code Reader Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Cognex
14.3.2 Keyence
14.3.3 Datalogic
14.3.4 Newland
14.3.5 Hikrobot
14.3.6 Omron
14.3.7 Baumer Holding AG
14.3.8 Zebra Technologies
14.3.9 HuaRay
14.3.10 Honeywell
