Automatic Identification and Data Capture (AIDC) Market: Introduction
Transparency Market Research delivers key insights on the global automatic identification and data capture (AIDC) market. In terms of revenue, the global automatic identification and data capture (AIDC) market is estimated to expand at a CAGR of 9.5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global automatic identification and data capture (AIDC) market.
The global automatic identification and data capture (AIDC) market is broadly impacted by several factors, such as increasing focus on asset tracking and asset management, rising investment in advance technology for real-time measurement, and increasing penetration of tracking technologies among various industries.
Government Initiatives for Adoption of Novel Technologies Fueling Market Growth
Various initiatives of government authorities are expected to fuel the growth of the automatic identification and data capture (AIDC) market during the forecast period. The Government of China is planning to implement RFID tags on vehicles in the country to reduce traffic congestions. The Ministry of Public Security, China, is expected to implement RFID reading devices on the side of roads to reduce traffic congestion and control pollution. North Mississippi Medical Center (NMMC), based in Mississippi, the U.S., implemented RAIN RFID tags and readers from Impinj, Inc. in its facility for efficient medication management.
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The medications are labeled with RFID tags that provide details such as expiration date, usage, and storage lot number of medications. NMMC has observed improved regulatory compliance and significant decline in manual errors. Thus, increasing government initiatives toward adoption of novel technologies is significantly driving the automatic identification and data capture market
Automatic Identification and Data Capture (AIDC) Market: Prominent Regions
North America is leading the automatic identification and data capture (AIDC). The automatic identification and data capture (AIDC) market in North America is expected to reach US$ 35,527.2 Mn by the end of year 2030, at a CAGR of 9.1% during the forecast period. The high demand from the North America retail industry specific to asset and goods tracking is a major factor driving the automatic identification and data capture (AIDC) market in this region.
Automatic Identification and Data Capture (AIDC) Market: Key Players
Key players operating in the global automatic identification and data capture (AIDC) market are Alien Technology, Cipherlab Co., Ltd., Cisco Systems, Inc.
