Top 20: Automatic Data Capture Suppliers
Suppliers and users of scanners, printers and rugged mobile devices find themselves at the intersection of technological advances, increasing consumer demands and rising labor costs. The top players are finding ways to meet each challenge with minimal risk as the market landscape continues to shift.
|Download Article PDF|
Last year, the global market for automatic data capture solutions (ADC) used in factories, warehouses and logistics applications reached $6.242 billion in sales, according to Massachusetts-based VDC Research Group. Global figures, each ADC market segment and 14 of the Top 20 suppliers reported gains over last year, when dramatic fluctuations in currency exchange rates adversely impacted many of the reported revenues.
Still, the market in 2014 enjoyed a banner year that analysts did not expect to be replicated in 2015, according to Richa Gupta, senior analyst for AutoID and data capture at VDC Research. Following double-digit growth in the previous year, the combined revenues of the Top 20 still grew by another 2.6% in 2015.
The ADC market includes handheld and stationary bar code scanning and imaging devices, bar code printers and ruggedized mobile computing solutions for factories and warehouses. VDC’s figures do not include consumables associated with automatic data collection, such as bar code labels.
The 2015 global sales figures represent an increase of 4.6% from 2014’s comparable estimate of $5.9 billion, which had grown 3.8% from 2013. VDC data projects the market will post a compound annual growth rate (CAGR) of 3.5% through the next five years before reaching $7.4 billion in 2020. This includes a 4.8% CAGR for bar code scanners and printers, and a 1.7% CAGR for rugged mobile devices.
|SUBSCRIBERS: Click here to download PDF of the full article.|
Subscribe to Logistics Management Magazine!Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your entire logistics operation.
Start your FREE subscription today!
34th Annual Quest for Quality Awards: 2017 Awards Dinner Trucking Regulations: Washington U-Turns; States put hammer down View More From this Issue