This year marked the 50 year anniversary of Barcodes in the world & the barcode Scanner Market is expected to Reach New Heights in 2030 fueled by E-Commerce and Inventory Management Demands. Barcodes is also considered a pivotal tool of AIDC.
Automatic identification & data capture, i.e., AIDC is the technique of obtaining, recording, and converting data into a digital file. This digital file consists of images, audio and other digital data which can be directly entered into a computer without the requirement of human intervention. Some of the commonly used AIDC tools are barcode scanners, magnetic strips, smart cards, optical character recognition, biometric systems, and radio frequency identification systems. The tools perform activities that are used for asset and inventory management, security, and workflow management and hence simplify the workforce automation process.
The Global AIDC Market was valued at US$ 39.5 billion in 2021 and is expected to grow at a CAGR of 14.4% and will be valued US$ 80.7 billion in 2030
The application of AIDC is going to a gamechanger for various sectors like Retail, Manufacturing Transport & logistics, Banking and Financial & Healthcare. This AIDC tools also aids in bolstering the Track& Trace accuracy and eventually boost the operational efficiency.
So here are the Top 5 companies leveraging automation to spearhead in the Automatic Identification & Data Capture (AIDC) segment:-
Newland AIDC: Newland AIDC was founded in 1999 as a wholly-owned subsidiary of Newland Digital Technology ( Listed company, Stock code: 000997); with over 20 years of R&D in data capturing & enterprise mobility, Newland AIDC has become one of the leading companies in automatic identification and data capture industry.
Zebra Technologies: Zebra empowers organizations to thrive in the on-demand economy by making every front-line worker and asset at the edge visible, connected and fully optimized. With an ecosystem of more than 10,000 partners across more than 100 countries, Zebra serves customers of all sizes – including 94% of the Fortune 100 – with an award-winning portfolio of hardware, software, services and solutions that digitize and automate workflows.
Honeywell Automation: Honeywell Automation India Limited (HAIL) is a ~$350 million+ company listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). It was incorporated in India in 1984 and its registered office in Hadapsar, Pune. HAIL is a leader in providing integrated automation and software solutions, including process solutions and building solutions.
Cognex: The world’s leading provider of vision systems, software, sensors, and industrial barcode readers used in manufacturing automation. Cognex vision helps companies improve product quality, eliminate production errors, lower manufacturing costs, and exceed consumer expectations for high quality products at an affordable price.
Datalogic: It is a global technology leader in the automatic data capture and factory automation markets, specialized in the designing and production of barcodes mobile computers, radio-frequency identification, sensors for detection, measurement and safety, vision and laser marking systems.