PUBLISHER: Polaris Market Research | PRODUCT CODE: 1605887
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1605887
The global automatic identification and data capture market size is expected to reach USD 212.28 billion by 2034, according to a new study by Polaris Market Research. The report "Automatic Identification and Data Capture Market Size, Share, Trends, Industry Analysis Report: By Component (Hardware, Software, and Services), End User, and Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Segment Forecast, 2025-2034" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The automatic identification & data capture market refers to technologies that automate data collection processes, minimizing human error and enhancing operational efficiency. Key technologies in AIDC include barcodes, RFID, biometric systems, magnetic strips, and voice recognition tools. Automatic identification and data capture solutions are widely adopted across industries such as retail, healthcare, logistics, manufacturing, and government to track assets, manage inventory, streamline workflows, and ensure regulatory compliance.
The growing e-commerce sector, where technologies such as barcodes and RFID enable efficient inventory management and smooth order fulfillment, is driving demand for AIDC technologies. The global expansion of retail and logistics networks also necessitates AIDC solutions to maintain seamless operations and real-time visibility across supply chains. Additionally, government initiatives promoting smart cities and infrastructure development boost the demand for sensors and biometric systems for public safety, traffic management, and infrastructure maintenance.
The rise in regulatory compliance requirements in industries such as pharmaceuticals and food fuel demand for precise tracking and data capture technologies to meet safety and traceability standards. Meanwhile, the increasing adoption of Internet of Things (IoT) solutions across industries enhances the need for automated data capture to ensure real-time monitoring and reporting. The ongoing trend of digital transformation and automation within manufacturing and logistics is also contributing to market growth as businesses seek to improve operational efficiency and reduce human error.
By component, the hardware segment accounted for the largest revenue share in the automatic identification and data capture market in 2024 due to the high demand for barcode scanners, RFID readers, and biometric devices across industries such as retail, logistics, and healthcare for efficient data collection and operational management.
The retail segment, by end user, is expected to register the highest CAGR during the forecast period due to the increasing adoption of AIDC technologies such as smartcards, optical character recognition, and mobile scanners for efficient inventory management, seamless checkout processes, and enhanced customer experience across online and offline channels.
In 2024, North America accounted for the largest market share due to the widespread adoption of advanced technologies across industries such as retail, hospitality, healthcare, and others.
The Asia Pacific automatic identification & data capture market is expected to record the highest CAGR during the forecast period due to the rising adoption of e-commerce across retail sectors and the increasing use of AIDC technologies in manufacturing and logistics.
Cognex Corporation; Datalogic S.p.A.; Honeywell International Inc.; NEC Corporation; Nordic ID Oyj; Panasonic Holdings Corporation; Radley, LLC; SICK AG; Toshiba Tec Corporation; and Zebra Technologies Corp are among the global key market players.
Polaris Market Research has segmented the automatic identification and data capture market report on the basis of component, end user, and region: