At 5.1% CAGR, the Middle East & Africa 2D Barcode Reader Market is projected to be worth US$ 1,083.61 million by 2028, says The Business Market Insights

According to the Business Market Insights’ research, the Middle East & Africa 2D barcode reader market was valued at US$ 846.08 million in 2023 and is expected to reach US$ 1,083.61 million by 2028, registering a CAGR of 5.1% from 2023 to 2028. Rise in factory automation and rise in mergers and acquisitions are the critical factors attributed to the Middle East & Africa 2D barcode reader market expansion.

Factory automation is the implementation of technologies and machines to automate manufacturing processes in order to increase production output and reduce labor costs. It also helps improve the quality of the products by minimizing the risk of human error. Hence, market players are increasingly adopting factory automation. The automation in the factory will help increase the volume of the production units of the sensors. The facility consists of semi-robots and machinery. Such instances will encourage other market players to boost their production output by automating their facilities. Automated factories are increasingly using 2D barcode readers to enhance product tracking and identification. These readers provide accurate product information compared to manual product tracking. They further increase the speed of production output and track information about a product's manufacturing dates and batch number with the help of the product's unique code. This information helps the operator better manage the business processes with constant access to product’s real time information. Therefore, the rise in factory automation is expected to be a prominent trend in the market during the forecast period.

On the contrary, customer preference for self- checkout systems hurdles the growth of Middle East & Africa 2D barcode reader market.

Based on product type, the Middle East & Africa 2D barcode reader market is bifurcated into handheld and fixed. The handheld segment held 60.3 % market share in 2023, amassing 509.99 million. It is projected to garner US$ 669.13 million by 2028 to expand at 5.6 % CAGR during 2023–2028.

Based on application, the Middle East & Africa 2D barcode reader market is segmented into warehousing & logistics, pharmaceuticals, e-commerce & retail, and others. The warehousing & logistics segment held 33.3% market share in 2023, amassing US$ 281.54 million. It is projected to garner US$ 378.35 million by 2028 to expand at 6.1% CAGR during 2023–2028.

Based on country, the Middle East & Africa 2D barcode reader market has been categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa.  Our regional analysis states that the UAE captured 37.8% share in Middle East & Africa 2D barcode reader market in 2023. It was assessed at US$ 320.15 million in 2023 and is likely to hit US$ 422.61 million by 2028, exhibiting a CAGR of 5.7% during the forecast period.    

Key players dominating the Middle East & Africa 2D barcode reader market is Adesso Inc; Cognex Corp; Newland Auto-ID Tech Co Ltd; Honeywell International Inc; Keyence Corp; Omron Corp; DataLogic Spa; and Zebra Technologies Corp among others.   

• In March 2023, Cognex Adds Powerful Lighting to Newest DataMan 280 Series Barcode Reader for Enhanced Direct-Part Mark Code Reading
• In Sept 2020, Omron has introduced its V410-H handheld barcode reader family.

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