The automatic identification and data capture market was valued at USD 35.69 Billion in 2018 and is expected to reach USD 72.00 Billion by 2023, at a CAGR of 12.30% during the forecast period. Factors such as rising government regulations and growing opportunities from supply chain management and healthcare industries are expected to support the growth of players in the automatic identification & data capture market.

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Automatic identification and data capturing is a technique through which objects are automatically identified, data about them is collected, converted into a digital file, and then entered into the computer system, without any human intervention. This data may be in the form of images and sounds. A transducer is employed to convert the actual data into a digital file. The stored information is then analyzed by a computer and then cross-checked with the internal database to verify or provide authentication to enter a secured system and to store this data for future references.

By vertical, manufacturing to hold the largest share of automatic identification and data capture market by 2023.

The automatic identification and data capture market for the manufacturing vertical is expected to grow during the forecast period. Automatic identification and data capture products offer advantages such as enhanced efficiency and reduced operational costs to the manufacturers, which is the prominent factor for the increasing adoption of automatic identification and data capture products in this vertical.
By product, the smart cards segment is expected to hold the largest size of automatic identification and data capture market during the forecast period.

The leading position of smart cards, in terms of market size, can be attributed to its several application areas, including identification, health cards, public transit, ATM cards, credit cards, fuel cards, and security token, among others.
By offering hardware to hold the largest size of automatic identification and data capture market during the forecast period.

The leading position of the hardware segment, in terms of market size, can be attributed to the high requirement for different types of hardware components in several automatic identification and data capture products, including barcodes, magnetic stripe cards, smart cards, optical character recognition (OCR) systems, RFID products, and biometric systems.

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APAC to account for the largest size as well as the highest growth rate during the forecast period

The leading position of APAC can be due to the rapid expansion of retail and logistics companies, along with the presence of several automatic identification and data capture players in the region.
Key Market Players

Datalogic (Italy), Honeywell (US), Zebra Technologies (US), SICK AG (Germany), and Cognex (US)

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