조사회사 : MarketsandMarkets (마켓츠앤마켓츠) 출판년월 : 2023년09월
Automated Storage and Retrieval System (ASRS) Market – Global Forecast to 2028
자동 창고 시스템 (ASRS) 시장 : 기능(보관, 유통, 조립), 유형(유닛 로드, 미니 로드, 수직 리프트 모듈, 캐러셀, 중간 부하), 수직(자동차, 식품 및 음료, 전자 상거래, 소매) – 2028년까지의 세계 예측
Automated Storage and Retrieval System Market by Function (Storage, Distribution, Assembly), Type (Unit Load, Mini Load, Vertical Lift Module, Carousel, Mid Load), Vertical (Automotive, Food & Beverages, E-Commerce, Retail) – Global Forecast to 2028
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| 구성 | 영문조사보고서 |
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Report Overview
The ASRS market is estimated to be worth USD 8.7 billion in 2023 and is projected to reach USD 12.7 billion by 2028, at a CAGR of 7.9% during the forecast period. The ASRS market is experiencing robust growth, primarily driven by the burgeoning demand in the e-commerce and automotive sectors. These industries, characterized by complex supply chains and rapid inventory turnover, require highly efficient and accurate storage and retrieval solutions. ASRS systems cater to this need by automating warehouse operations, reducing errors, and optimizing space utilization. Furthermore, the increased emphasis on inventory management and control, fueled by the need for cost reduction and improved customer service, has propelled the adoption of ASRS.
“Unit Load to hold the largest in ASRS market in 2022.”
A unit load ASRS is a storage-retrieval machine (SRM) or a crane designed to handle large machinery or equipment (i.e., pallets, gaylords, drums, racks, etc.) that typically weigh over 400 lbs. his system excels in optimizing space utilization by stacking pallets densely, reducing the need for manual labor, and minimizing errors in retrieval and storage processes. Additionally, unit load ASRS is known for its scalability, making it adaptable to a wide range of industries and storage requirements. Its ability to integrate seamlessly with warehouse management software and other automated systems further enhances its appeal in modern supply chain operations.
“Food & Beverages vertical to hold the largest share of ASRS market in 2022.”
The food & beverages vertical has undergone a significant evolution in recent years. The growing trend of consuming processed food and packaged eatables is driving the need for advanced manufacturing and warehousing solutions among manufacturers. In the food & beverages vertical, the time-to-market of finished products is significantly less due to the perishability of products. Technological advances in cold chain storage and transport and the growing acceptance of frozen foods among consumers are a few factors influencing the growth of the ASRS market.
“Europe to hold the largest market share of ASRS market in 2022.”
Europe has a well-established industrial and manufacturing sector, including automotive, aerospace, pharmaceuticals, and logistics, all of which benefit from the efficiency gains offered by ASRS technology. Additionally, European countries place a strong emphasis on sustainability and resource optimization, driving the adoption of ASRS systems to improve warehouse space utilization and reduce energy consumption. The region has an exceptionally high labor cost; therefore, manufacturers in European countries have been adopting automated solutions to reduce overall operational costs. Implementing these solutions helps manufacturers remain competitive by facilitating efficient management of overall warehousing operations. Furthermore, the region’s commitment to technological innovation and digitalization has spurred the growth of the ASRS market, making Europe a hub for advanced automation solutions in warehousing and logistics.
The break-up of the profiles of primary participants:
• By Company Type – Tier 1 – 45%, Tier 2 – 30%, and Tier 3 – 25%
• By Designation – C-level Executives – 35%, Directors – 45%, and Others – 20%
• By Region – North America – 30%, Europe – 25%, Asia Pacific – 35%, and Rest of the World – 10%
Major players in the ASRS market are Daifuku Co., Ltd (Japan), Murata Machinery, Ltd. (Japan), SSI SCHAEFER (Germany), TGW Logistics Group GmbH (Austria) and Kardex Holding AG (Switzerland).
Research Coverage
The report segments the ASRS market by type, vertical, and region. The report also comprehensively reviews drivers, restraints, opportunities, and challenges influencing market growth. The report also covers qualitative aspects in addition to the quantitative aspects of the market.
Reasons to buy the report:
The report will help the market leaders/new entrants with information on the closest approximate revenues for the overall ASRS market and related segments. This report will help stakeholders understand the competitive landscape and gain more insights to strengthen their position in the market and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, opportunities, and challenges.
The report provides insights on the following pointers:
• Analysis of key drivers (ASRS demand surges due to better space optimization and high labor costs, Growing adoption of ASRS in the e-commerce vertical, Higher emphasis on inventory management and control to fuel ASRS demand, and Rising demand for ASRS in the automotive vertical is driving the market), restraints (High installation and maintenance cost and Limited technical expertise for overseeing system operations are hindering the growth of the market), opportunities (Growing demand for cold chain systems in the Asia Pacific and Potential growth prospects in healthcare vertical), and challenges (Production and revenue losses attributed to unwanted faults and downtime and Rapid technology advancements are resulting as a risk for ASRS systems to become obsolete) influencing the growth of the ASRS market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities, and new product launches in the ASRS market.
• Market Development: Comprehensive information about lucrative markets – the report analyses the ASRS market across varied regions.
• Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the ASRS market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and product offerings of leading players like Daifuku Co., Ltd (Japan), Murata Machinery, Ltd. (Japan), SSI SCHAEFER (Germany), TGW Logistics Group GmbH (Austria) and Kardex Holding AG (Switzerland).
Table of Contents
1 INTRODUCTION 29
1.1 STUDY OBJECTIVES 29
1.2 MARKET DEFINITION 29
1.3 STUDY SCOPE 30
1.3.1 MARKETS COVERED 30
FIGURE 1 ASRS MARKET: SEGMENTATION 30
1.3.2 REGIONAL SCOPE 30
1.3.3 YEARS CONSIDERED 31
1.3.4 INCLUSIONS AND EXCLUSIONS 31
1.4 CURRENCY CONSIDERED 31
1.5 STAKEHOLDERS 31
1.6 SUMMARY OF CHANGES 32
1.7 RECESSION IMPACT 32
2 RESEARCH METHODOLOGY 33
2.1 RESEARCH DATA 33
FIGURE 2 ASRS MARKET: RESEARCH DESIGN 33
2.1.1 SECONDARY DATA 34
2.1.1.1 List of major secondary sources 34
2.1.1.2 Key data from secondary sources 35
2.1.2 PRIMARY DATA 35
2.1.2.1 Breakdown of primaries 35
2.1.2.2 Primary interviews with experts 36
2.1.2.3 Key data from primary sources 36
2.1.3 SECONDARY AND PRIMARY RESEARCH 37
2.1.3.1 Key industry insights 38
2.2 MARKET SIZE ESTIMATION 38
2.2.1 BOTTOM-UP APPROACH 39
2.2.1.1 Approach to arrive at market size using bottom-up analysis (demand side) 39
FIGURE 3 ASRS MARKET: BOTTOM-UP APPROACH 39
2.2.2 TOP-DOWN APPROACH 40
2.2.2.1 Approach to arrive at market size using top-down analysis (supply side) 40
FIGURE 4 ASRS MARKET: TOP-DOWN APPROACH 40
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY (SUPPLY SIDE): REVENUE GENERATED FROM SALES OF ASRS PRODUCTS/SOLUTIONS 41
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 42
FIGURE 6 DATA TRIANGULATION 42
2.4 RESEARCH ASSUMPTIONS 43
2.5 PARAMETERS CONSIDERED TO ANALYZE IMPACT OF RECESSION ON ASRS MARKET 43
2.6 RESEARCH LIMITATIONS 44
2.7 RISK ASSESSMENT 44
FIGURE 7 RISK ASSESSMENT OF RESEARCH STUDY 44
3 EXECUTIVE SUMMARY 45
FIGURE 8 GLOBAL ASRS MARKET, 2019−2028 (USD BILLION) 45
FIGURE 9 UNIT LOAD SEGMENT ACCOUNTED FOR LARGEST MARKET SHARE IN 2022 46
FIGURE 10 FOOD & BEVERAGES VERTICAL ACCOUNTED FOR LARGEST SHARE OF ASRS MARKET IN 2022 46
FIGURE 11 ASIA PACIFIC TO EXHIBIT HIGHEST CAGR IN ASRS MARKET FROM 2023 TO 2028 47
4 PREMIUM INSIGHTS 48
4.1 ASIA PACIFIC TO OFFER LUCRATIVE OPPORTUNITIES FOR PLAYERS IN ASRS MARKET 48
FIGURE 12 ATTRACTIVE GROWTH OPPORTUNITIES FOR PLAYERS IN ASRS MARKET 48
4.2 ASRS MARKET, BY TYPE 48
FIGURE 13 UNIT LOAD SEGMENT TO HOLD LARGEST MARKET SHARE THROUGHOUT FORECAST PERIOD 48
4.3 ASRS MARKET, BY VERTICAL 49
FIGURE 14 FOOD & BEVERAGES AND AUTOMOTIVE VERTICALS TO CAPTURE SUBSTANTIAL MARKET SIZE IN 2023 49
4.4 ASRS MARKET, BY COUNTRY 49
FIGURE 15 INDIA AND CHINA TO REGISTER SIGNIFICANTLY HIGH CAGR IN GLOBAL ASRS MARKET FROM 2023 TO 2028 49
5 MARKET OVERVIEW 50
5.1 INTRODUCTION 50
5.2 MARKET DYNAMICS 50
FIGURE 16 ASRS MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES 50
5.2.1 DRIVERS 51
5.2.1.1 Strong focus on efficient space utilization and cost saving 51
5.2.1.2 Increased adoption of ASRS in e-commerce sector 51
5.2.1.3 Heightened emphasis on achieving operational excellence through precise and efficient inventory management 51
5.2.1.4 Significant demand for ASRS from automakers 52
FIGURE 17 ASRS MARKET: IMPACT ANALYSIS OF DRIVERS 53
5.2.2 RESTRAINTS 53
5.2.2.1 High installation and maintenance costs 53
5.2.2.2 Requirement for technical experts to oversee system operations 54
FIGURE 18 ASRS MARKET: IMPACT ANALYSIS OF RESTRAINTS 54
5.2.3 OPPORTUNITIES 54
5.2.3.1 Growing demand for cold chain systems in Asia Pacific 54
5.2.3.2 Lucrative opportunities presented by thriving healthcare sector 55
FIGURE 19 ASRS MARKET: IMPACT ANALYSIS OF OPPORTUNITIES 55
5.2.4 CHALLENGES 56
5.2.4.1 Production and revenue losses due to unwanted faults and downtime 56
5.2.4.2 Designing flexible and scalable ASRS due to rapidly changing technology and customer requirements 56
FIGURE 20 ASRS MARKET: IMPACT ANALYSIS OF CHALLENGES 56
5.3 SUPPLY CHAIN ANALYSIS 57
FIGURE 21 ASRS SUPPLY CHAIN ANALYSIS 57
5.4 ECOSYSTEM MAPPING 58
FIGURE 22 ASRS ECOSYSTEM ANALYSIS 58
TABLE 1 ROLE OF PARTICIPANTS IN ASRS ECOSYSTEM 59
5.5 PRICING ANALYSIS 60
5.5.1 AVERAGE SELLING PRICE OF ASRS OFFERED BY KEY PLAYERS, BY TYPE 60
FIGURE 23 AVERAGE PROJECT COST OF DIFFERENT TYPES OF ASRS, BY COMPANY 60
TABLE 2 AVERAGE PROJECT COST OF ASRS BASED ON TYPE, BY COMPANY (USD) 60
5.5.2 AVERAGE SELLING PRICE TREND 61
TABLE 3 AVERAGE PROJECT COST OF ASRS, BY TYPE 61
TABLE 4 AVERAGE SELLING PRICE OF VERTICAL LIFT MODULE (VLM) BY REGION 61
FIGURE 24 AVERAGE PROJECT COST OF ASRS, 2019−2028 62
5.6 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 62
FIGURE 25 REVENUE SHIFT AND NEW REVENUE POCKETS FOR AUTOMATED STORAGE AND RETRIEVAL SYSTEM PROVIDERS 62
5.7 TECHNOLOGY ANALYSIS 63
5.7.1 INDUSTRY 4.0 63
5.7.2 5G 63
5.7.3 MACHINE LEARNING 63
5.7.4 ROBOTIC PROCESS AUTOMATION 64
5.7.5 PREDICTIVE ANALYTICS 64
5.7.6 DIGITAL TWIN MODEL BUILDER 64
5.7.7 VOICE RECOGNITION 64
5.8 PORTER’S FIVE FORCES ANALYSIS 64
FIGURE 26 ASRS MARKET: PORTER’S FIVE FORCES ANALYSIS 65
TABLE 5 ASRS MARKET: PORTER’S FIVE FORCES ANALYSIS 65
5.9 KEY STAKEHOLDERS AND BUYING CRITERIA 66
5.9.1 KEY STAKEHOLDERS IN BUYING PROCESS 66
FIGURE 27 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 VERTICALS 66
TABLE 6 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 VERTICALS (%) 66
5.9.2 BUYING CRITERIA 67
FIGURE 28 KEY BUYING CRITERIA FOR TOP 3 VERTICALS 67
TABLE 7 KEY BUYING CRITERIA FOR TOP 3 VERTICALS 67
5.10 CASE STUDY ANALYSIS 68
TABLE 8 DELIVERY OF HIGH-DENSITY SECURED ASRS TO MULTI-STORY FACILITY COMPRISING HIGH-VALUE OBJECTS 68
TABLE 9 DEPLOYMENT OF SCALABLE ASRS FROM ADDVERB TECHNOLOGIES TO INCREASE PRODUCTION CAPACITY OF FMCG PRODUCTS 68
TABLE 10 IMPLEMENTATION OF ASRS TO ENSURE ERROR-FREE PICKING AND ORDER FULFILLMENT APPLICATIONS 69
TABLE 11 ADOPTION OF ASRS BY REITAN DISTRIBUTION TO AUTOMATE PALLET STORAGE AND PICKING OPERATIONS 69
5.11 TRADE ANALYSIS 70
5.11.1 IMPORT SCENARIO 70
FIGURE 29 IMPORTS, BY KEY COUNTRY, 2018–2022 (USD MILLION) 70
5.11.2 EXPORT SCENARIO 71
FIGURE 30 EXPORTS, BY KEY COUNTRY, 2018–2022 (USD MILLION) 71
5.12 PATENT ANALYSIS 72
FIGURE 31 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS 72
TABLE 12 TOP 20 PATENT OWNERS (US) IN LAST 10 YEARS 72
FIGURE 32 NUMBER OF PATENTS GRANTED ANNUALLY FROM 2013 TO 2022 73
TABLE 13 LIST OF KEY PATENTS RELATED TO ASRS MARKET 73
5.13 KEY CONFERENCES AND EVENTS, 2023–2025 75
TABLE 14 ASRS MARKET: DETAILED LIST OF CONFERENCES AND EVENTS 75
5.14 REGULATORY LANDSCAPE 76
5.14.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS RELATED TO ASRS MARKET 76
TABLE 15 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 76
TABLE 16 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 77
TABLE 17 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 78
TABLE 18 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS 79
5.14.2 STANDARDS AND REGULATIONS RELATED TO ASRS SOLUTIONS 79
TABLE 19 NORTH AMERICA: SAFETY STANDARDS FOR ASRS MARKET 79
TABLE 20 EUROPE: SAFETY STANDARDS FOR ASRS MARKET 80
6 OFFERINGS AND EMERGING APPLICATIONS OF ASRS 81
6.1 INTRODUCTION 81
6.2 ASRS OFFERINGS 81
FIGURE 33 OFFERINGS IN ASRS MARKET 81
6.2.1 HARDWARE 81
6.2.2 SOFTWARE AND SERVICES 82
6.3 EMERGING APPLICATIONS OF ASRS 83
6.3.1 HEALTHCARE STORAGE AND LOGISTICS 83
6.3.2 LIBRARY AND LABORATORY INVENTORY MANAGEMENT IN ACADEMIC INSTITUTIONS 83
6.3.3 VERTICAL FARMING AND CROP MONITORING AND TRACING 84
6.3.4 ORDER FULFILLMENT AND SUPPLY CHAIN ENHANCEMENT IN FASHION AND APPAREL INDUSTRY 84
6.3.5 WASTE SORTING AND RECYCLING 84
7 FUNCTIONS OF ASRS 85
7.1 INTRODUCTION 85
FIGURE 34 FUNCTIONS OF ASRS 85
7.2 STORAGE 85
7.2.1 ABILITY TO USE MINIMUM SPACE TO STORE MAXIMUM INVENTORY IN ORGANIZED MANNER TO BOOST NEED FOR ASRS 85
7.3 ORDER PICKING 86
7.3.1 NEED FOR FASTER ORDER FULFILLMENT AND ACCURATE ORDER-PICKING PROCESS TO INCREASE DEMAND FOR ASRS 86
7.4 DISTRIBUTION 86
7.4.1 POTENTIAL TO EFFECTIVELY MANAGE INVENTORY AND DISTRIBUTION CHANNELS TO FUEL MARKET GROWTH 86
7.5 ASSEMBLY 87
7.5.1 RISING PREFERENCE FOR AUTOMATED ASSEMBLY LINES TO BOOST DEMAND FOR ASRS 87
7.6 KITTING 88
7.6.1 INCREASING DEMAND FOR CUSTOMIZED PRODUCTS TO DRIVE ADOPTION OF ASRS FOR KITTING 88
7.7 OTHERS 88
8 LATEST TRENDS IN WAREHOUSING IMPACTING MARKET 89
8.1 INTRODUCTION 89
8.2 MICRO FULFILLMENT CENTERS 89
8.2.1 SIGNIFICANT DEVELOPMENTS IN MICRO FULFILLMENT CENTERS 89
FIGURE 35 KEY ELEMENTS POWERING DEVELOPMENTS IN MFC SPACE 90
8.2.2 ADVANTAGES OF MFCS OVER CFCS 91
8.2.3 ECOSYSTEM OF MICRO FULFILLMENT CENTERS 92
FIGURE 36 ECOSYSTEM ANALYSIS 92
8.2.4 MAJOR COMPANIES LEADING TOWARD MICRO FULFILLMENT CENTERS 92
8.2.5 KEY TECHNOLOGIES INVOLVED IN MICRO FULFILLMENT CENTERS 93
FIGURE 37 KEY TECHNOLOGIES USED IN MICRO FULFILLMENT CENTERS 93
8.2.5.1 Cube storage 93
8.2.5.2 Autonomous mobile robots (AMRs) 94
8.2.5.3 Shuttle systems 94
8.2.5.4 Others 94
8.2.6 BRIEF INFORMATION ON INVESTMENTS IN MICRO FULFILLMENT TECHNOLOGY 95
TABLE 21 OVERVIEW OF RECENT MAJOR FUNDINGS FOR MFCS 96
8.2.7 MICRO FULFILLMENT CENTERS IN US 96
8.3 AUTONOMOUS MACHINES 97
8.4 DARK STORES 97
8.5 DATA ANALYTICS AND AI INTEGRATION INTO WAREHOUSING 98
8.6 CLOUD-BASED WAREHOUSING MANAGEMENT 98
8.7 ROBOTICS 98
9 DEPLOYMENT MODES AND SYSTEM COMPONENTS OF ASRS 99
9.1 INTRODUCTION 99
9.2 DEPLOYMENT MODES OF ASRS 99
9.2.1 STANDALONE 99
9.2.2 INTEGRATED 99
9.3 ASRS COMPONENTS 100
9.3.1 RACK STRUCTURE 100
9.3.2 CONTROL SYSTEM 100
9.3.3 RETRIEVAL SYSTEM 100
9.3.4 OTHERS 101
10 ASRS MARKET, BY TYPE 102
10.1 INTRODUCTION 103
FIGURE 38 ASRS MARKET, BY TYPE 103
FIGURE 39 UNIT LOAD SEGMENT TO HOLD LARGEST SHARE OF ASRS MARKET IN 2023 103
TABLE 22 ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION) 104
TABLE 23 ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION) 104
10.2 UNIT LOAD 105
10.2.1 INCREASING ADOPTION OF UNIT-LOAD ASRS TO RESOLVE OPERATIONAL AND PRODUCTIVITY ISSUES TO DRIVE MARKET 105
TABLE 24 UNIT LOAD: ASRS MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 106
TABLE 25 UNIT LOAD: ASRS MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 106
TABLE 26 UNIT LOAD: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION) 107
TABLE 27 UNIT LOAD: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION) 107
10.3 MINI LOAD 107
10.3.1 RISING DEPLOYMENT OF MINI-LOAD ASRS IN SPACE-CONSTRAINED FACILITIES TO FUEL MARKET GROWTH 107
TABLE 28 MINI LOAD: ASRS MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 108
TABLE 29 MINI LOAD: ASRS MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 109
TABLE 30 MINI LOAD: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION) 109
TABLE 31 MINI LOAD: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION) 109
10.4 VERTICAL LIFT MODULE (VLM) 110
10.4.1 GROWING IMPLEMENTATION OF VLMS IN ORDER PICKING, KITTING, AND INVENTORY STORAGE APPLICATIONS TO BOOST SEGMENTAL GROWTH 110
TABLE 32 VLM: ASRS MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 110
TABLE 33 VLM: ASRS MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 111
FIGURE 40 ASIA PACIFIC TO HOLD SIGNIFICANT SHARE OF ASRS MARKET FOR VERTICAL LIFT MODULES THROUGHOUT FORECAST PERIOD 111
TABLE 34 VLM: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION) 112
TABLE 35 VLM: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION) 112
10.5 CAROUSEL 112
10.5.1 VERTICAL CAROUSEL 112
10.5.1.1 Rising use of vertical carousel to save floor space to fuel segmental growth 112
10.5.2 HORIZONTAL CAROUSEL 113
10.5.2.1 Increasing adoption of horizontal carousel to ensure improved flexibility and high efficiency in item picking to support segmental growth 113
TABLE 36 CAROUSEL: ASRS MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 113
TABLE 37 CAROUSEL: ASRS MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 114
TABLE 38 CAROUSEL: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION) 114
TABLE 39 CAROUSEL: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION) 114
10.6 MID LOAD 115
10.6.1 ELEVATING DEMAND FOR MID-LOAD ASRS IN ASSEMBLY, HIGH-DENSITY STORAGE, AND ORDER FULFILLMENT APPLICATIONS TO CONTRIBUTE TO MARKET GROWTH 115
TABLE 40 MID LOAD: ASRS MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 115
TABLE 41 MID LOAD: ASRS MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 116
TABLE 42 MID LOAD: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION) 116
TABLE 43 MID LOAD: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION) 116
11 ASRS MARKET, BY VERTICAL 117
11.1 INTRODUCTION 118
FIGURE 41 ASRS MARKET, BY VERTICAL 118
FIGURE 42 FOOD & BEVERAGES VERTICAL TO LEAD ASRS MARKET IN 2023 119
TABLE 44 ASRS MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 119
TABLE 45 ASRS MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 120
11.2 AUTOMOTIVE 121
11.2.1 INCREASING ADOPTION OF ASRS BY AUTOMAKERS FOR RAW MATERIAL HANDLING AND MOVING GOODS TO MANUFACTURING UNITS AND WAREHOUSES 121
FIGURE 43 UNIT-LOAD ASRS TO HOLD LARGEST MARKET SHARE FOR AUTOMOTIVE VERTICAL THROUGHOUT FORECAST PERIOD 121
TABLE 46 AUTOMOTIVE: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION) 122
TABLE 47 AUTOMOTIVE: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION) 122
TABLE 48 AUTOMOTIVE: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION) 122
TABLE 49 AUTOMOTIVE: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION) 123
11.3 METALS & HEAVY MACHINERY 123
11.3.1 ELEVATING DEMAND FOR ASRS BY METAL AND HEAVY MACHINERY MAKERS TO FACILITATE INTRALOGISTICS MOVEMENT OF LARGE AND HEAVY COMPONENTS AND GOODS 123
TABLE 50 METALS & HEAVY MACHINERY: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION) 124
TABLE 51 METALS & HEAVY MACHINERY: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION) 124
TABLE 52 METALS & HEAVY MACHINERY: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION) 124
TABLE 53 METALS & HEAVY MACHINERY: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION) 125
11.4 FOOD & BEVERAGES 125
11.4.1 PRESSING NEED FOR EFFICIENT STORAGE, RETRIEVAL, AND TRANSPORTATION SOLUTIONS WITH RISING DEMAND FOR PROCESSED AND PACKAGED FOOD 125
TABLE 54 FOOD & BEVERAGES: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION) 126
TABLE 55 FOOD & BEVERAGES: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION) 126
TABLE 56 FOOD & BEVERAGES: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION) 126
TABLE 57 FOOD & BEVERAGES: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION) 127
11.5 CHEMICALS 127
11.5.1 INCREASING USE OF ASRS BY CHEMICAL COMPANIES TO REDUCE WORKFORCE AND MAXIMIZE SPACE UTILIZATION 127
TABLE 58 CHEMICALS: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION) 128
TABLE 59 CHEMICALS: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION) 128
TABLE 60 CHEMICALS: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION) 128
TABLE 61 CHEMICALS: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION) 129
11.6 HEALTHCARE 129
11.6.1 RISING USE OF ASRS BY DRUG MANUFACTURERS TO ADHERE TO SAFETY NORMS 129
TABLE 62 HEALTHCARE: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION) 130
TABLE 63 HEALTHCARE: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION) 130
TABLE 64 HEALTHCARE: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION) 130
TABLE 65 HEALTHCARE: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION) 131
11.7 SEMICONDUCTOR & ELECTRONICS 131
11.7.1 GROWING NEED FOR ASRS BY SEMICONDUCTOR AND ELECTRONICS MANUFACTURERS OWING TO HIGH ADOPTION OF AI AND IIOT TECHNOLOGIES 131
TABLE 66 SEMICONDUCTOR & ELECTRONICS: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION) 132
TABLE 67 SEMICONDUCTOR & ELECTRONICS: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION) 132
TABLE 68 SEMICONDUCTOR & ELECTRONICS: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION) 132
TABLE 69 SEMICONDUCTOR & ELECTRONICS: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION) 133
11.8 RETAIL 133
11.8.1 SURGING USE OF ASRS BY RETAIL COMPANIES FOR QUICKER AND ACCURATE ORDER PICKING, PACKING, AND SHIPPING PROCESSES 133
TABLE 70 RETAIL: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION) 134
TABLE 71 RETAIL: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION) 134
TABLE 72 RETAIL: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION) 134
TABLE 73 RETAIL: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION) 135
11.9 AVIATION 135
11.9.1 GROWING DEMAND FOR ASRS BY AIRCRAFT MANUFACTURERS TO STORE, HANDLE, AND TRACK AIRCRAFT COMPONENTS REQUIRED DURING ASSEMBLY 135
TABLE 74 AVIATION: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION) 136
TABLE 75 AVIATION: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION) 136
TABLE 76 AVIATION: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION) 136
TABLE 77 AVIATION: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION) 137
11.10 E-COMMERCE 137
11.10.1 INCREASING ADOPTION OF ASRS BY E-COMMERCE COMPANIES TO REDUCE DELIVERY TIME 137
FIGURE 44 VLM AND CAROUSEL SEGMENTS TO RECORD SIGNIFICANTLY HIGHER CAGRS IN ASRS MARKET FOR E-COMMERCE DURING FORECAST PERIOD 138
TABLE 78 E-COMMERCE: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION) 138
TABLE 79 E-COMMERCE: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION) 138
TABLE 80 E-COMMERCE: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION) 139
TABLE 81 E-COMMERCE: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION) 139
11.11 OTHER VERTICALS 139
TABLE 82 OTHER VERTICALS: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION) 140
TABLE 83 OTHER VERTICALS: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION) 140
TABLE 84 OTHER VERTICALS: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION) 140
TABLE 85 OTHER VERTICALS: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION) 141
12 ASRS MARKET, BY REGION 142
12.1 INTRODUCTION 143
FIGURE 45 ASRS MARKET IN CHINA TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD 143
TABLE 86 ASRS MARKET, BY REGION, 2019–2022 (USD MILLION) 143
TABLE 87 ASRS MARKET, BY REGION, 2023–2028 (USD MILLION) 144
12.2 NORTH AMERICA 144
12.2.1 NORTH AMERICA: RECESSION IMPACT 145
FIGURE 46 NORTH AMERICA: SNAPSHOT OF ASRS MARKET 145
TABLE 88 NORTH AMERICA: ASRS MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 146
TABLE 89 NORTH AMERICA: ASRS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 146
TABLE 90 NORTH AMERICA: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION) 146
TABLE 91 NORTH AMERICA: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION) 147
TABLE 92 NORTH AMERICA: ASRS MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 147
TABLE 93 NORTH AMERICA: ASRS MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 148
12.2.2 US 148
12.2.2.1 Substantial technological advancements in retail sector to accelerate demand for ASRS 148
12.2.3 CANADA 149
12.2.3.1 Booming manufacturing and automotive sectors to contribute to market growth 149
12.2.4 MEXICO 149
12.2.4.1 Rising preference for convenience foods and prepared meals to drive market 149
12.3 EUROPE 150
12.3.1 EUROPE: RECESSION IMPACT 150
FIGURE 47 EUROPE: SNAPSHOT OF ASRS MARKET 151
TABLE 94 EUROPE: ASRS MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 151
TABLE 95 EUROPE: ASRS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 152
TABLE 96 EUROPE: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION) 152
TABLE 97 EUROPE: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION) 152
TABLE 98 EUROPE: ASRS MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 153
TABLE 99 EUROPE: ASRS MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 153
12.3.2 GERMANY 154
12.3.2.1 High demand for ASRS from automotive sector to drive market 154
12.3.3 UK 154
12.3.3.1 Increasing adoption of ASRS by auto manufacturers and component providers to stimulate market growth 154
12.3.4 FRANCE 155
12.3.4.1 Strong industrial and manufacturing sector to boost ASRS demand 155
12.3.5 REST OF EUROPE 155
12.4 ASIA PACIFIC 155
12.4.1 ASIA PACIFIC: RECESSION IMPACT 156
FIGURE 48 ASIA PACIFIC: SNAPSHOT OF ASRS MARKET 156
TABLE 100 ASIA PACIFIC: ASRS MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 157
TABLE 101 ASIA PACIFIC: ASRS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 157
TABLE 102 ASIA PACIFIC: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION) 158
TABLE 103 ASIA PACIFIC: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION) 158
TABLE 104 ASIA PACIFIC: ASRS MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 158
TABLE 105 ASIA PACIFIC: ASRS MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 159
12.4.2 CHINA 159
12.4.2.1 Expanding automotive, electronics, and manufacturing verticals to create opportunities for ASRS suppliers 159
12.4.3 JAPAN 160
12.4.3.1 Thriving manufacturing sector to boost market growth 160
12.4.4 AUSTRALIA 160
12.4.4.1 Food & beverages and healthcare verticals to contribute to market growth 160
12.4.5 INDIA 161
12.4.5.1 Rapid industrial development to boost demand for ASRS 161
12.4.6 MALAYSIA 161
12.4.6.1 Growing use of ASRS in warehouses of e-commerce companies to fuel market growth 161
12.4.7 TAIWAN 161
12.4.7.1 Robust electronics & semiconductor industry to drive market 161
12.4.8 INDONESIA 162
12.4.8.1 Increasing demand for ASRS in retail and e-commerce sectors to accelerate market growth 162
12.4.9 SOUTH KOREA 162
12.4.9.1 Strong focus on providing high-quality semiconductors and electronic products to support adoption of ASRS 162
12.4.10 REST OF ASIA PACIFIC 163
12.5 ROW 163
12.5.1 ROW: RECESSION IMPACT 163
TABLE 106 ROW: ASRS MARKET, BY REGION, 2019–2022 (USD MILLION) 163
TABLE 107 ROW: ASRS MARKET, BY REGION, 2023–2028 (USD MILLION) 163
TABLE 108 ROW: ASRS MARKET, BY TYPE, 2019–2022 (USD MILLION) 164
TABLE 109 ROW: ASRS MARKET, BY TYPE, 2023–2028 (USD MILLION) 164
TABLE 110 ROW: ASRS MARKET, BY VERTICAL, 2019–2022 (USD MILLION) 164
TABLE 111 ROW: ASRS MARKET, BY VERTICAL, 2023–2028 (USD MILLION) 165
12.5.2 SOUTH AMERICA 165
12.5.2.1 Focus of food processing companies on automation to increase deployment of ASRS 165
12.5.3 MIDDLE EAST 165
TABLE 112 MIDDLE EAST: ASRS MARKET, BY COUNTRY, 2019–2022 (USD MILLION) 166
TABLE 113 MIDDLE EAST: ASRS MARKET, BY COUNTRY, 2023–2028 (USD MILLION) 166
12.5.3.1 Saudi Arabia 166
12.5.3.1.1 Growing aviation, automotive, and e-commerce sectors to drive market 166
12.5.3.2 UAE 167
12.5.3.2.1 Booming manufacturing sector to boost demand for ASRS 167
12.5.3.3 Rest of Middle East 167
12.5.4 AFRICA 167
12.5.4.1 Rising adoption of warehouse automation solutions to increase demand for ASRS 167
13 COMPETITIVE LANDSCAPE 168
13.1 OVERVIEW 168
13.2 STRATEGIES ADOPTED BY KEY PLAYERS 168
TABLE 114 OVERVIEW OF STRATEGIES DEPLOYED BY KEY ASRS MANUFACTURERS 168
13.3 REVENUE ANALYSIS OF TOP COMPANIES 170
FIGURE 49 FIVE-YEAR REVENUE ANALYSIS OF TOP PLAYERS IN ASRS MARKET 170
13.4 MARKET SHARE ANALYSIS 170
TABLE 115 ASRS MARKET SHARE ANALYSIS, 2022 171
FIGURE 50 ASRS MARKET: SHARE OF KEY PLAYERS 171
13.5 COMPANY EVALUATION MATRIX, 2022 173
13.5.1 STARS 173
13.5.2 EMERGING LEADERS 173
13.5.3 PERVASIVE PLAYERS 173
13.5.4 PARTICIPANTS 173
FIGURE 51 ASRS MARKET (GLOBAL) COMPANY EVALUATION MATRIX, 2022 174
13.5.5 ASRS MARKET: COMPANY FOOTPRINT 175
TABLE 116 COMPANY FOOTPRINT 175
TABLE 117 TYPE: COMPANY FOOTPRINT 176
TABLE 118 VERTICAL: COMPANY FOOTPRINT 177
TABLE 119 REGION: COMPANY FOOTPRINT 179
13.6 SMALL AND MEDIUM-SIZED ENTERPRISES (SMES) EVALUATION MATRIX, 2022 180
13.6.1 PROGRESSIVE COMPANIES 180
13.6.2 RESPONSIVE COMPANIES 180
13.6.3 DYNAMIC COMPANIES 180
13.6.4 STARTING BLOCKS 180
FIGURE 52 ASRS MARKET (GLOBAL) SMES EVALUATION MATRIX, 2022 181
13.6.5 COMPETITIVE BENCHMARKING 182
TABLE 120 ASRS MARKET: LIST OF KEY STARTUPS/SMES 182
TABLE 121 ASRS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES 183
13.7 COMPETITIVE SCENARIO 184
TABLE 122 ASRS MARKET: PRODUCT LAUNCHES, 2021−2023 184
TABLE 123 ASRS MARKET: DEALS, 2021–2023 186
TABLE 124 ASRS MARKET: OTHERS, 2021–2023 189
14 COMPANY PROFILES 196
(Business overview, Products offered, Recent Developments, MNM view)*
14.1 KEY PLAYERS 196
14.1.1 DAIFUKU CO., LTD. 196
TABLE 125 DAIFUKU CO., LTD.: COMPANY OVERVIEW 196
FIGURE 53 DAIFUKU CO., LTD.: COMPANY SNAPSHOT 197
TABLE 126 DAIFUKU CO., LTD.: PRODUCTS OFFERED 198
TABLE 127 DAIFUKU CO., LTD.: DEALS 198
TABLE 128 DAIFUKU CO., LTD.: OTHERS 198
14.1.2 MURATA MACHINERY, LTD. 200
TABLE 129 MURATA MACHINERY, LTD.: COMPANY OVERVIEW 200
TABLE 130 MURATA MACHINERY, LTD.: PRODUCTS OFFERED 200
TABLE 131 MURATA MACHINERY, LTD.: OTHERS 201
14.1.3 SSI SCHAEFER 202
TABLE 132 SSI SCHAEFER: COMPANY OVERVIEW 202
TABLE 133 SSI SCHAEFER: PRODUCTS OFFERED 202
TABLE 134 SSI SCHAEFER: OTHERS 203
14.1.4 TGW LOGISTICS GROUP GMBH 205
TABLE 135 TGW LOGISTICS GROUP GMBH: COMPANY OVERVIEW 205
TABLE 136 TGW LOGISTICS GROUP GMBH: PRODUCTS OFFERED 205
TABLE 137 TGW LOGISTICS GROUP GMBH: PRODUCT LAUNCHES 206
TABLE 138 TGW LOGISTICS GROUP GMBH: DEALS 206
TABLE 139 TGW LOGISTICS GROUP GMBH: OTHERS 207
14.1.5 KARDEX HOLDING AG 209
TABLE 140 KARDEX HOLDING AG: COMPANY OVERVIEW 209
FIGURE 54 KARDEX HOLDING AG: COMPANY SNAPSHOT 210
TABLE 141 KARDEX HOLDING AG: PRODUCTS OFFERED 211
TABLE 142 KARDEX HOLDING AG: PRODUCT LAUNCHES 211
TABLE 143 KARDEX HOLDING AG: OTHERS 212
14.1.6 BEUMER GROUP GMBH & CO. KG 214
TABLE 144 BEUMER GROUP GMBH & CO. KG: COMPANY OVERVIEW 214
TABLE 145 BEUMER GROUP GMBH & CO. KG: PRODUCTS OFFERED 214
TABLE 146 BEUMER GROUP GMBH & CO. KG: PRODUCT LAUNCHES 215
TABLE 147 BEUMER GROUP GMBH & CO. KG: DEALS 215
TABLE 148 BEUMER GROUP GMBH & CO. KG: OTHERS 216
14.1.7 HONEYWELL INTERNATIONAL INC. 217
TABLE 149 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEWS 217
FIGURE 55 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT 218
TABLE 150 HONEYWELL INTERNATIONAL INC.: PRODUCTS OFFERED 218
TABLE 151 HONEYWELL INTERNATIONAL INC.: PRODUCT LAUNCHES 219
14.1.8 KION GROUP AG 220
TABLE 152 KION GROUP AG: COMPANY OVERVIEW 220
FIGURE 56 KION GROUP AG: COMPANY SNAPSHOT 221
TABLE 153 KION GROUP AG: PRODUCTS OFFERED 222
TABLE 154 KION GROUP AG: PRODUCT LAUNCHES 222
TABLE 155 KION GROUP AG: OTHERS 223
14.1.9 KNAPP AG 224
TABLE 156 KNAPP AG: COMPANY OVERVIEW 224
TABLE 157 KNAPP AG: PRODUCTS OFFERED 224
TABLE 158 KNAPP AG: DEALS 225
TABLE 159 KNAPP AG: OTHERS 226
14.1.10 KUKA AG 227
TABLE 160 KUKA AG: COMPANY OVERVIEW 227
FIGURE 57 KUKA AG: COMPANY SNAPSHOT 228
TABLE 161 KUKA AG: PRODUCTS OFFERED 229
TABLE 162 KUKA AG: OTHERS 229
14.1.11 MECALUX, S.A. 231
TABLE 163 MECALUX, S.A.: COMPANY OVERVIEW 231
TABLE 164 MECALUX, S.A.: PRODUCTS OFFERED 231
TABLE 165 MECALUX, S.A.: OTHERS 232
14.1.12 SYSTEM LOGISTICS S.P.A. 233
TABLE 166 SYSTEM LOGISTICS S.P.A.: COMPANY OVERVIEW 233
TABLE 167 SYSTEM LOGISTICS S.P.A.: PRODUCTS OFFERED 233
TABLE 168 SYSTEM LOGISTICS S.P.A.: OTHERS 234
14.1.13 TOYOTA INDUSTRIES CORPORATION 235
TABLE 169 TOYOTA INDUSTRIES CORPORATION: COMPANY OVERVIEW 235
FIGURE 58 TOYOTA INDUSTRIES CORPORATION: COMPANY SNAPSHOT 236
TABLE 170 TOYOTA INDUSTRIES CORPORATION: PRODUCTS OFFERED 237
TABLE 171 TOYOTA INDUSTRIES CORPORATION: PRODUCT LAUNCHES 237
TABLE 172 TOYOTA INDUSTRIES CORPORATION: DEALS 237
TABLE 173 TOYOTA INDUSTRIES CORPORATION: OTHERS 238
14.1.14 IHI CORPORATION 239
TABLE 174 IHI CORPORATION: COMPANY OVERVIEW 239
FIGURE 59 IHI CORPORATION: COMPANY SNAPSHOT 240
TABLE 175 IHI CORPORATION: PRODUCTS OFFERED 240
TABLE 176 IHI CORPORATION: DEALS 241
14.2 OTHER PLAYERS 242
14.2.1 AUTOMATION LOGISTICS CORPORATION 242
TABLE 177 AUTOMATION LOGISTICS CORPORATION: COMPANY OVERVIEW 242
14.2.2 AUTOCRIB 242
TABLE 178 AUTOCRIB: COMPANY OVERVIEW 242
14.2.3 FERRETTO GROUP SPA 243
TABLE 179 FERRETTO GROUP SPA: COMPANY OVERVIEW 243
14.2.4 HÄNEL GMBH & CO. KG 244
TABLE 180 HÄNEL GMBH & CO. KG: COMPANY OVERVIEW 244
14.2.5 INVATA INTRALOGISTICS 244
TABLE 181 INVATA INTRALOGISTICS: COMPANY OVERVIEW 244
14.2.6 MIAS GMBH 245
TABLE 182 MIAS GMBH: COMPANY OVERVIEW 245
14.2.7 OCADO GROUP PLC 245
TABLE 183 OCADO GROUP PLC: COMPANY OVERVIEW 245
14.2.8 SENCORPWHITE, INC 246
TABLE 184 SENCORPWHITE, INC: COMPANY OVERVIEW 246
14.2.9 VIASTORE SYSTEMS GMBH 247
TABLE 185 VIASTORE SYSTEMS GMBH: COMPANY OVERVIEW 247
14.2.10 VIDMAR 247
TABLE 186 VIDMAR: COMPANY OVERVIEW 247
14.2.11 WESTFALIA TECHNOLOGIES, INC. 248
TABLE 187 WESTFALIA TECHNOLOGIES, INC.: COMPANY OVERVIEW 248
14.2.12 WITRON LOGISTIK + INFORMATIK GMBH 248
TABLE 188 WITRON LOGISTIK + INFORMATIK GMBH: COMPANY OVERVIEW 248
*Details on Business overview, Products offered, Recent Developments, MNM view might not be captured in case of unlisted companies.
15 ADJACENT MARKET 249
15.1 RFID MARKET 249
15.2 INTRODUCTION 249
FIGURE 60 RFID MARKET, BY OFFERING 250
FIGURE 61 TAGS SEGMENT TO DOMINATE RFID MARKET DURING FORECAST PERIOD 250
TABLE 189 RFID MARKET, BY OFFERING, 2018–2021 (USD MILLION) 251
TABLE 190 RFID MARKET, BY OFFERING, 2022–2030 (USD MILLION) 251
15.3 TAGS 251
15.3.1 USE OF TAGS TO IDENTIFY ASSETS OR PERSONS 251
15.4 READERS 252
15.4.1 FIXED READERS 252
15.4.1.1 Adoption of fixed readers due to their ruggedness and cost-efficiency 252
15.4.2 HANDHELD READERS 253
15.4.2.1 Implementation of handheld readers owing to their mobility 253
15.5 SOFTWARE & SERVICES 253
15.5.1 INCREASING ADOPTION OF DATA ANALYSIS AND CLOUD-BASED DATA STORAGE SOLUTIONS TO DRIVE DEMAND FOR SOFTWARE & SERVICES 253
16 APPENDIX 255
16.1 INSIGHTS FROM INDUSTRY EXPERTS 255
16.2 DISCUSSION GUIDE 256
16.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 258
16.4 CUSTOMIZATION OPTIONS 260
16.5 RELATED REPORTS 260
16.6 AUTHOR DETAILS 261
