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The Indian Barcode Verifiers Market, Forecast to 2023 - Zebra Technologies, Honeywell, SATO, Argox, and TVS Electronics Account for More Than 75% Shares of the Market - ResearchAndMarkets.com

August 15, 2019 GMT

DUBLIN--(BUSINESS WIRE)--Aug 15, 2019--

The “Barcode Verifiers Market in India (2018-2023)” report has been added to ResearchAndMarkets.com’s offering.

Market insights:

The adoption rate of barcode verifiers in different industries - such as pharmaceuticals, logistics, healthcare, supply chain inventory, retail, and automotive - in India is expected to expand at an approximate rate of 33% in the next five years.

Based on technology, barcode verifiers can be segmented into barcode verifiers with camera-based readers, charge-coupled device readers, laser scanners, omnidirectional barcode scanners, pen type readers, radio-frequency identification (RFID) readers, and smartphone-based scanners.

Depending on the type, barcode verifiers are categorized into rugged barcode scanners and non-rugged barcode scanners. Out of the different types of barcode verifiers, rugged barcode scanners are the ones most widely used across various industries.

Among the major players, Zebra Technologies, Honeywell, SATO, Argox, and TVS Electronics acquired a share of more than 75% in the barcode verifiers market in India.

Export/import:

In India, both the export and import of barcode scanners have increased between FY 2014 and FY 2018, in terms of value and volume. The largest export destination of Indian barcode scanners is France. Value-wise, India has recorded the highest import of barcode scanners from China; volume-wise, the maximum number of barcode scanners have been imported from Taiwan.

Market trends:

Key growth driver of the market:

Currently, a number of industries, like retail, healthcare, aviation baggage, logistics and supply chain inventory, and automotive, use barcode verifiers for collating and computing the data which help them in inventory management and in keeping track of sales figures. This, in turn, is driving the growth of the barcode verifier market in India.

Key deterrents to the growth of the market:

Unreadable barcodes (owing to low contrast prints, and dead zone violation) can cause problems in the scanning process. Malfunctioning of verifiers and their inability to read the SKU codes of products result in stained seller-buyer relationships.

Key Topics Covered

Chapter 1: Executive summary

Chapter 2: Socio-economic indicators

Chapter 3: Barcode verifiers market in India

3.1. Barcode verifiers market - definition and structure

3.2. India barcode verifiers market - overview

Chapter 4: Trade analysis

4.1. Export

4.1.1. Value-wise

4.1.2. Volume-wise

4.1.3. Country-wise

4.2. Import

4.2.1. Value-wise

4.2.2. Volume-wise

4.3.3. Country-wise

Chapter 5: Key growth drivers of the market

Chapter 6: Key deterrents to the growth of the market

Chapter 7: Key market trends

Chapter 8: Competitive landscape

8.1. Bar Code India Limited

8.2. Bartronics India Limited

8.3. Honeywell Automation India Limited

8.4. Best IT World (India) Private Limited (iBall)

8.5. Intex Technologies India Limited

8.6. Pegasus Technologies Private Limited

8.7. SAto Argox India Private Limited

8.8. TVS Electronics Limited

For more information about this report visit https://www.researchandmarkets.com/r/z8tro6

View source version on businesswire.com:https://www.businesswire.com/news/home/20190815005520/en/

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KEYWORD: INDIA ASIA PACIFIC

INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY

SOURCE: Research and Markets

Copyright Business Wire 2019.

PUB: 08/15/2019 11:58 AM/DISC: 08/15/2019 11:58 AM

http://www.businesswire.com/news/home/20190815005520/en