Global Barcode Verifiers Market Insights Forecasts to 2033

• The Global Barcode Verifiers Market Size was Valued at USD 6.28 Billion in 2023
• The Market Size is Growing at a CAGR of 7.51% from 2023 to 2033
• The Worldwide Barcode Verifiers Market Size is Expected to Reach USD 12.96 Billion by 2033
• Asia Pacific is Expected to Grow the fastest during the forecast period.

The Global Barcode Verifiers Market Size is Anticipated to Exceed USD 12.96 Billion by 2033, Growing at a CAGR of 7.51% from 2023 to 2033.

Market Overview

Barcode verifiers are high-precision tools that facilitate the validation process of grading barcodes. These verifiers examine the print quality of barcodes from various viewpoints and provide numerical findings. The printing quality of a barcode is graded on a scale of 0.0 to 4.0. Higher quality is indicated by a grade that is closer to 4.0. Barcode verifiers utilize sophisticated algorithms, intuitive software, and superior optics to grade the quality of barcodes. This verification process minimizes additional expenses associated with product return and packaging-related wastes. Due, to the increased application of barcodes in various situations these verifiers play a significant role in the traceability of commodities. These verifiers maintain data precision and effective operations in sectors such as manufacturing, retailing, logistics, and healthcare. Barcode verifiers are becoming increasingly popular because they are highly reliable verification tools necessary for inspections.

Report Coverage

This research report categorizes the market for the global barcode verifiers market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global barcode verifiers market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global barcode verifiers market.

Driving Factors

Several driving factors will contribute to the growth of barcode verifiers in the global market. These verifiers consistently and accurately scan barcodes which reduces mistakes and misleads by maintaining the print quality and data integrity of barcodes. They act as a quality-control tool to identify various printing-related issues associated with the barcodes like incorrect sizing and poor contrast. They improve customer satisfaction by ensuring accurate orders are placed, speed up the process of product checkout, help in inventory tracking, and minimize product delays and shipping times. They ensure businesses run smoothly and provide reliable experience to customers which ultimately leads to market expansion and revenue growth.

Restraining Factors

Barcode verifiers require a high initial investment, especially for the advanced models since they utilize high-resolution cameras, specialized lightning, and advanced software that can act as a hindrance for new startups and small businesses. They also require regular maintenance and calibration to ensure they provide accurate scanning results. Barcode verifiers are not compatible with different sizes of barcodes and QR codes which limits their usage in the market.

Market Segmentation

The global barcode verifiers market share is classified into type, verification method, and application.

• The automatic barcode verifiers segment is expected to hold the largest share of the global barcode verifiers market during the forecast period.    

Based on the type, the global barcode verifiers market is divided into portable barcode verifiers and desktop barcode verifiers. Among these, the portable barcode verifier segment is expected to hold the largest share of the global barcode verifiers market during the forecast period. These barcode verifiers are less expensive since they require low maintenance and automate the verification process which reduces the operational expenses. These verifiers also have longer life-span since they are portable can be moved to a safe environment and do not require a specialized verification station due to their mobility.

• The automatic verifier segment is expected to grow at the fastest CAGR in the global barcode verifiers market during the forecast period.   

Based on the verification method, the global barcode verifiers market is divided into manual barcode verifiers and automatic barcode verifiers. Among these, the automatic verifier segment is expected to grow at the fastest CAGR in the global barcode verifiers market during the forecast period. These verifiers are highly efficient since they automate the verification process which reduces operating expenses and minimizes errors. They boost productivity and streamline businesses due to their faster verification speeds and their ability to operate without any breaks. Also, the advancements in barcode scanning and machine vision technologies have greatly improved the capabilities of automatic barcode verifiers.

• The quality control department segment is expected to grow at the fastest CAGR in the global barcode verifiers market during the forecast period.   

Based on the application, the global barcode verifiers market is divided into the packing printing industry, quality control department, and manufacturing & retailing industry. Among these, the quality control department segment is expected to grow at the fastest CAGR in the global barcode verifiers market during the forecast period. These verifiers play a key role in the quality control process of checking products for flaws, irregularities, and non-compliance as per the specifications. Due, to the high pressure to meet higher quality standards and comply with stringent regulations the demand for the demand for barcode verifiers will increase exponentially.

Regional Segment Analysis of the Global Barcode Verifiers Market

• North America (U.S., Canada, Mexico) 
• Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America) 
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

North America is anticipated to hold the largest share of the global barcode verifiers market over the predicted timeframe. The region’s extremely sophisticated technological infrastructure and the rapid expansion of the consumer goods sector in this region will boost the use of barcode verifiers in the retail industry. This region is at the center point for the availability of readily accessible high-speed internet and sophisticated communication networks and provides an atmosphere that encourages the acceptance of new technologies. As per the data provided by the US Department of Commerce retail e-commerce sales for the first quarter of 2024 account for USD 289.2 billion.

Asia Pacific is expected to grow at the fastest pace in the global barcode verifiers market during the forecast period. Due to the increased investment in infrastructure development and the booming E-commerce and retail sector barcode verifiers are gaining demand with each passing time. This region is heavily investing in various infrastructure developments like logistics, transportation, and retail networks. Also, the rising trend of online shopping in this region has greatly boosted the barcode verifier market. As per the data provided by the India Brand Equity Association India’s retail industry is projected to grow at 9% over 2019-2030, from US$ 779 billion in 2019 to US$ 1,407 billion by 2026 and more than US$ 1.8 trillion by 2030.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global barcode verifiers market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Cognex Corporation
• Keyence Corporation
• Axicon Auto ID Ltd
• RJS Technologies
• Webscan Inc.
• Stratix Corporation
• REA VERIFIER
• Microscan Systems, Inc.
• Datalogic S.p.A.
• OPTO Engineering
• Printronix Auto ID
• SICK AG
• Omron Microscan Systems, Inc.
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In November 2022, Axicon introduced the Axicon 7100-S, a verifier designed to read bigger barcodes often used on exterior boxes and pallet labels.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global barcode verifiers market based on the below-mentioned segments: 

Global Barcode Verifiers Market, By Type

• Portable Barcode Verifier 
• Desktop Barcode Verifier

Global Barcode Verifiers Market, By Verification Method

• Manual Barcode Verifiers
• Automatic Barcode Verifiers

Global Barcode Verifiers Market, By Application

• Packing Printing Industry
• Quality Control Department
• Manufacturing & Retailing Industry

Global Barcode Verifiers Market, Regional

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa