PUBLISHER: The Insight Partners | PRODUCT CODE: 1874067
PUBLISHER: The Insight Partners | PRODUCT CODE: 1874067
The automatic identification and data capture (AIDC) market is anticipated to grow from US$ 55.07 Billion in 2024 to US$ 128.39 Billion by 2031, reflecting a compound annual growth rate (CAGR) of 10.8% from 2031 to 2031. The expansion of the e-commerce sector and the increasing implementation of AIDC solutions across various industries are expected to be significant factors influencing market trends.
Analysis of the Automatic Identification and Data Capture Market
The enhanced accuracy, precision, and seamless functionality of AIDC solutions have facilitated their adoption across multiple sectors. The market is projected to expand due to several factors, including the rising demand to minimize manual data entry and errors, advancements in AIDC technology, and an increase in the deployment of advanced AIDC systems. The growing use of smartphone QR scanning and innovative, cost-effective solutions is likely to propel market growth. Furthermore, the demand for AIDC products is expected to be driven by the rapidly growing retail, consumer goods, and e-commerce industries.
Overview of the Automatic Identification and Data Capture Market
Automatic Identification and Data Capture (AIDC) encompasses a wide array of technologies that gather information from individuals, objects, images, or sounds without the need for manual data entry. AIDC systems are utilized for managing inventory, deliveries, assets, security, and documentation. These systems find applications in various sectors, including distribution, manufacturing, transportation, healthcare, government, and retail. AIDC applications are generally categorized into three main types: source identification and validation, tracking, and system interfaces.
Drivers and Opportunities in the Automatic Identification and Data Capture Market
Growth of the E-commerce Sector Supporting Market Development
Automatic identification and data capture products, such as wearables, RFID systems, and barcoding solutions, play a crucial role in warehouse management and the e-commerce industry. AIDC technology enhances the e-commerce sector by enabling automatic item identification, collecting accurate data, and electronically entering this information into computer systems. This technology ensures that processes, accounts, inventory, and human resources are effectively monitored, leading to improved productivity and operational efficiency. Common tools for data identification and capture include barcode scanners, handheld and fixed-position laser scanners, rugged tablets, and imagers.
Importance of AIDC Solutions in Logistics and Supply Chain
As market competition intensifies and industrial demands grow, the importance of material tracking and increased throughput has risen significantly. Industries require a systematic method for data collection and processing to streamline manufacturing and warehousing processes while minimizing errors. Market participants offer various solutions for material tracking, asset tracking, warehouse management, work-in-process tracking, and inventory management. For instance, Unipro Tech Solutions utilizes IoT and AIDC technologies in the logistics and supply chain sector to enable their staff to accurately pick, process, and track items.
Segmentation Analysis of the Automatic Identification and Data Capture Market
Key segments contributing to the analysis of the automatic identification and data capture market include offerings, products, and industry verticals.
Geographical Analysis of the Automatic Identification and Data Capture Market
The geographical scope of the automatic identification and data capture market report is divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South America/South & Central America.
In terms of revenue, North America held the largest share of the automatic identification and data capture market in 2024. The region's early adoption of technological solutions has contributed to its significant market share, which is further bolstered by the growth of the e-commerce industry and the demand for cost-effective, error-free data entry solutions.
Scope of the Automatic Identification and Data Capture Market Report
Recent Developments in the Automatic Identification and Data Capture Market
The Automatic Identification and Data Capture Market is assessed through qualitative and quantitative data collected from primary and secondary research, including key corporate publications, association data, and databases. Recent market developments include:
Coverage and Deliverables of the Automatic Identification and Data Capture Market Report
The report titled "Automatic Identification and Data Capture Market Size and Forecast (2021-2031)" provides a comprehensive analysis of the market, covering the following areas: