Market Overview:
The global optical handheld readers market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for barcode and QR code scanning in various applications such as retail and wholesale, logistics and warehousing, industrial manufacturing, healthcare, and others. In addition, the growing trend of automation across different industries is also contributing to the growth of this market.
Product Definition:
Optical Handheld Readers are devices used to read text aloud. They are often used by people who have difficulty seeing, and they can also be helpful for people who are learning to read. Optical Handheld Readers can be purchased at most bookstores or online retailers.
Laser Readers:
Laser readers are electronic devices that use a laser beam to read the bar code symbol and capture the data. The technology is used in various applications such as automatic identification and data capturing. It helps in increasing productivity by reducing errors during reading of codes, which are generally done manually.
Linear Imager Readers:
Linear Imager (LI) is a tool that helps in capturing and analyzing the image data from optical handheld readers. It is mainly used for reading access cards or tags which are attached to an object. The main function of this tool is to capture the image data from these objects and then it can be analyzed by Optical Character Recognition (OCR).
Application Insights:
The retail and wholesale application segment accounted for the largest share of over 30.0% in 2017. The growth can be attributed to the increasing use of handheld readers for payment transactions at checkout counters, inventory management, and other functions at retail stores. Furthermore, optical handheld readers are used extensively across all major industries such as healthcare, logistics & warehousing, industrial manufacturing and hospitality among others to manage access control systems or open doors remotely from a distance.
The growing adoption of these devices by security personnel to ensure secure access throughout various facilities is also expected to drive their demand in the forthcoming years.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing investments in defense and security sector, growing adoption of barcode technology across various industries, and rising demand for high-precision imaging devices among retailers and warehouses. Moreover, presence of prominent players such as OCR Corporation; Omnifax Inc.; American Barcode; 3M Company; Honeywell International Inc.; Kistler Instrumente AG & Co., Ltd.; Carl Zeiss Meditec AGLIRA LLC; Optitech Europe BV; Cognex Corporation is also contributing toward growth of the regional market.
Asia Pacific is projected to emerge as a lucrative regional market during the same period owing to increasing government initiatives for implementation of advanced technologies such as handheld optical readers in emerging countries like China and India along with other Southeast Asian nations that are major manufacturing hubs for consumer electronics products including mobile phones, laptops/notebooks etc.).
Growth Factors:
- Increasing demand for handheld readers in the retail sector for price checking and inventory management.
- Proliferation of mobile devices and the increasing demand for miniaturized optical readers.
- The growing trend of self-service and do-it-yourself (DIY) in the industrial sector is expected to boost the demand for handheld optical readers.
- Rising number of barcode scanning applications in various industries such as healthcare, logistics, and manufacturing is anticipated to fuel the growth of this market during the forecast period.
Scope Of The Report
Report Attributes
Report Details
Report Title
Optical Handheld Readers Market Research Report
By Type
Laser Readers, Linear Imager Readers, 2D Imager Readers
By Application
Retail and Wholesale, Logistics and Warehousing, Industrial Manufacturing, Healthcare, Others
By Companies
Datalogic, Zebra Technologies, Honeywell, Siemens, Cognex, SICK, Newland, NCR, Denso Wave, Code, Microscan, Pepperl-fuchs, ScanCorporation, KEYENCE America, BarcodesInc, Unitech, Motorola, Opticon Sensors, MINDEO, Zebex, CipherLAB, Bluebird, Argox (SATO), SUNLUX IOT
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Optical Handheld Readers Market Report Segments:
The global Optical Handheld Readers market is segmented on the basis of:
Types
Laser Readers, Linear Imager Readers, 2D Imager Readers
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
Retail and Wholesale, Logistics and Warehousing, Industrial Manufacturing, Healthcare, 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:
- Datalogic
- Zebra Technologies
- Honeywell
- Siemens
- Cognex
- SICK
- Newland
- NCR
- Denso Wave
- Code
- Microscan
- Pepperl-fuchs
- ScanCorporation
- KEYENCE America
- BarcodesInc
- Unitech
- Motorola
- Opticon Sensors
- MINDEO
- Zebex
- CipherLAB
- Bluebird
- Argox (SATO)
- SUNLUX IOT
Highlights of The Optical Handheld Readers 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:
- Laser Readers
- Linear Imager Readers
- 2D Imager Readers
- By Application:
- Retail and Wholesale
- Logistics and Warehousing
- Industrial Manufacturing
- Healthcare
- 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 Optical Handheld Readers 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.
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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?
An optical handheld reader is a device that allows people to read text and images from printed material. They typically have a screen that displays the text or images, and an input mechanism for scanning the pages of a book, document, or other piece of paper.
Some of the key players operating in the optical handheld readers market are Datalogic, Zebra Technologies, Honeywell, Siemens, Cognex, SICK, Newland, NCR, Denso Wave, Code, Microscan, Pepperl-fuchs, ScanCorporation, KEYENCE America, BarcodesInc, Unitech, Motorola, Opticon Sensors, MINDEO, Zebex, CipherLAB, Bluebird, Argox (SATO), SUNLUX IOT.
The optical handheld readers market is expected to grow at a compound annual growth rate of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Optical Handheld Readers 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 Optical Handheld Readers Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Optical Handheld Readers 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 Optical Handheld Readers 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 Optical Handheld Readers Market Size & Forecast, 2018-2028 4.5.1 Optical Handheld Readers Market Size and Y-o-Y Growth 4.5.2 Optical Handheld Readers Market Absolute $ Opportunity
Chapter 5 Global Optical Handheld Readers 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 Optical Handheld Readers Market Size Forecast by Type
5.2.1 Laser Readers
5.2.2 Linear Imager Readers
5.2.3 2D Imager Readers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Optical Handheld Readers 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 Optical Handheld Readers Market Size Forecast by Applications
6.2.1 Retail and Wholesale
6.2.2 Logistics and Warehousing
6.2.3 Industrial Manufacturing
6.2.4 Healthcare
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Optical Handheld Readers 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 Optical Handheld Readers 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 Optical Handheld Readers Analysis and Forecast
9.1 Introduction
9.2 North America Optical Handheld Readers 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 Optical Handheld Readers Market Size Forecast by Type
9.6.1 Laser Readers
9.6.2 Linear Imager Readers
9.6.3 2D Imager Readers
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 Optical Handheld Readers Market Size Forecast by Applications
9.10.1 Retail and Wholesale
9.10.2 Logistics and Warehousing
9.10.3 Industrial Manufacturing
9.10.4 Healthcare
9.10.5 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 Optical Handheld Readers Analysis and Forecast
10.1 Introduction
10.2 Europe Optical Handheld Readers 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 Optical Handheld Readers Market Size Forecast by Type
10.6.1 Laser Readers
10.6.2 Linear Imager Readers
10.6.3 2D Imager Readers
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 Optical Handheld Readers Market Size Forecast by Applications
10.10.1 Retail and Wholesale
10.10.2 Logistics and Warehousing
10.10.3 Industrial Manufacturing
10.10.4 Healthcare
10.10.5 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 Optical Handheld Readers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Optical Handheld Readers 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 Optical Handheld Readers Market Size Forecast by Type
11.6.1 Laser Readers
11.6.2 Linear Imager Readers
11.6.3 2D Imager Readers
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 Optical Handheld Readers Market Size Forecast by Applications
11.10.1 Retail and Wholesale
11.10.2 Logistics and Warehousing
11.10.3 Industrial Manufacturing
11.10.4 Healthcare
11.10.5 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 Optical Handheld Readers Analysis and Forecast
12.1 Introduction
12.2 Latin America Optical Handheld Readers 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 Optical Handheld Readers Market Size Forecast by Type
12.6.1 Laser Readers
12.6.2 Linear Imager Readers
12.6.3 2D Imager Readers
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 Optical Handheld Readers Market Size Forecast by Applications
12.10.1 Retail and Wholesale
12.10.2 Logistics and Warehousing
12.10.3 Industrial Manufacturing
12.10.4 Healthcare
12.10.5 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) Optical Handheld Readers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Optical Handheld Readers 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) Optical Handheld Readers Market Size Forecast by Type
13.6.1 Laser Readers
13.6.2 Linear Imager Readers
13.6.3 2D Imager Readers
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) Optical Handheld Readers Market Size Forecast by Applications
13.10.1 Retail and Wholesale
13.10.2 Logistics and Warehousing
13.10.3 Industrial Manufacturing
13.10.4 Healthcare
13.10.5 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 Optical Handheld Readers Market: Competitive Dashboard
14.2 Global Optical Handheld Readers Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Datalogic
14.3.2 Zebra Technologies
14.3.3 Honeywell
14.3.4 Siemens
14.3.5 Cognex
14.3.6 SICK
14.3.7 Newland
14.3.8 NCR
14.3.9 Denso Wave
14.3.10 Code
14.3.11 Microscan
14.3.12 Pepperl-fuchs
14.3.13 ScanCorporation
14.3.14 KEYENCE America
14.3.15 BarcodesInc
14.3.16 Unitech
14.3.17 Motorola
14.3.18 Opticon Sensors
14.3.19 MINDEO
14.3.20 Zebex
14.3.21 CipherLAB
14.3.22 Bluebird
14.3.23 Argox (SATO)
14.3.24 SUNLUX IOT