PUBLISHER: TechSci Research | PRODUCT CODE: 1348598
PUBLISHER: TechSci Research | PRODUCT CODE: 1348598
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The India Barcode Scanner and Printer Market is anticipated to project a high CAGR in the forecast period. Barcode technology is being adopted in India at a robust pace, making the sector more appealing every day. The benefits-better inventory control, faster transaction processing, the ability to track raw materials and completed items, etc.-have enhanced the technology's acceptance among India's varied industries. Standardizing barcode usage guidelines, expanding organized retail, meeting rising demand from sectors like pharmaceuticals and logistics, utilizing barcode technology in significant government projects, etc., are other drivers promoting growth. Additionally, it is anticipated that during the forecast period, demand for barcode scanners and printers in India is expected to increase due to the government providing financial assistance to micro and small businesses to adopt barcodes, enabling these businesses to improve their marketing competitiveness. In the upcoming years, favourable regulatory frameworks and technology improvements are also anticipated to affect the nation's barcode scanners and printers' market in a positive way. The growing demand for barcode scanners and printers enhances the overall demand for India Barcode Scanner and Printer Market for 2025-2029.
By assembling innovations that are out of this world, the entrepreneurs in the barcode printer industry are giving barcode printer specifications a new edge. The printers are constantly being updated with cutting-edge thermal heating technology and other innovations. The products are further improved to make them easier to use and to provide special features that drive the growth of the India Barcode Scanner and Printer Market.
Market Overview | |
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Forecast Period | 2024-2028 |
Market Size 2022 | USD52.08 million |
Market Size 2028 | USD84.54 million |
CAGR | 8.41% |
Fastest Growing Segment | Logistics & Supply Chain |
Largest Market | South India |
Many firms worldwide are automating and simplifying their production processes to decrease waste and increase output efficiency. As a result, the use of barcodes has substantially expanded since each product or component in the assembly has a unique barcode that is regularly signed and recorded at each workstation. This, therefore, offers data on the development of the product. The need for barcode printers has increased due to the considerable reduction in manufacturing production time.
IT and fixed assets are present in every organization, from small startups to large global corporations. Employees are given computers, laptops, office supplies, and other items. If the company uses barcoding, the administration of these entities can be complicated. As a result, the efficiency at the time of the audit would rise. Large-scale enterprises frequently use this approach, but small-scale firms still need to adopt the uses of barcoding. In turn, this is anticipated to present market participants with good growth potential. Thus, rapid expansion drives the need for India Barcode Scanner and Printer Market all over India.
Barcodes can obtain necessary data, but new information cannot be added. Although it has more functionality, radio frequency identification (RFID) tags are comparable to barcodes in specific ways. For instance, a radio scanner that does not require a direct line of sight, as barcode scanners do, can only read data from RFID tags when they are present within the scanning radius. This technique has several benefits, especially in places like theme parks and hospitals where RFID tags on wristbands speed up the process of tagging everyone in question. RFID tags have many uses in logistical warehouses and production facilities, where every item is scanned. Therefore, increased RFID use is anticipated to restrict market expansion in the near term.
India Barcode Scanner and Printer Market is divided into type, application, regional distribution and competitive landscapes. Based on Type, the market is divided into Standalone and Integrated. Based on Application, the market is divided into retail & e-commerce, logistics & supply chain, automotive, healthcare, manufacturing, others, further the Standalone is divided into scanner and printer. The barcode scanners market is further divided into product type (Portable and Fixed Position) and scanner type (Laser Scanner, Smartphone based Scanner, Omni Directional Scanner and Others). The Barcode Printer Market is divided into Product Type (Portable and Fixed Position), Printer Technology (Thermal Transfer and Direct Thermal) and Resolution (Below 300 dpi, Between 301 & 600 dpi and Above 601 dpi).
Major market players in India Barcode Scanner and Printer Market are TSC Auto ID Technology Co., Ltd, Zebra Technologies India Private Limited, Postek Electronics Co., Ltd, TVS Electronics Limited, Sato Auto-ID India Private Limited, Toshiba India Private Limited, Bar Code India Limited and, Datasensor India Private Limited. To achieve good market growth, businesses that are active in the market employ organic tactics such product launches, mergers, and partnerships.
In this report, India Barcode Scanner and Printer Market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies present in India Barcode Scanner and Printer Market
India Barcode Scanner and Printer Market with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: