Global Wireless Pick to Light Market Growth (Status and Outlook) 2019-2024

Source: https://www.researchbymarkets.com/report/global-wireless-pick-to-light-market-growth-status-and-outlook-2019-2024-311888.html

Pick to Light uses light devices mounted at item locations on flow rack, shelving, workstations or other storage media to guide operators to the correct product locations and quantities required to fill an order. Also commonly called pick-by-light or light-directed picking, in the right application Pick to Light systems increase pick rate productivity and order accuracy by reducing the walking and reading associated with paper-based or even other semi-automated picking approaches.

The key to Pick to Light is its simplicity. Operators scan a bar code license plate on a tote or shipping container to launch an order in their zone. Illuminated LEDs direct pickers to the right product location, and display the required unit quantity. After picking all pieces the operator confirms the completed activity, often by pressing a button on the device. They then proceed to the next illuminated location and repeat the process until all the necessary picks in their area are finished.

Pick to light includes indicators, sensors, light curtains, operator/maintenance interface (hmi), gateway, connection components, software and so on. And a pick to light system includes different numbers of hardware and software. So the price and the volume cannot be counted.

The growth of this market is propelled by the emergence of advanced automated warehouses, growth of the e-commerce industry, and globalization of supply chain network. Moreover, pick to light offers error-free and better productivity operations and enhanced labor utilization. The retail and e-commerce industry is expected to capture the largest share of the pick to light market owing to the requirement of fast and efficient distribution of goods in this industry.
Moreover, growing online shopping trend increases the use of pick to light systems in its warehouses for fast and accurate delivery of goods. Increasing competition among e-commerce companies has pushed them to offer same-day delivery and products at high discounts. Pick to light systems, along with other distribution center technologies, help expedite the order fulfillment process.

According to this study, over the next five years the Wireless Pick to Light market will register a 8.7% CAGR in terms of revenue, the global market size will reach US$ 146.4 million by 2024, from US$ 96.3 million in 2019. In particular, this report presents the global revenue market share of key companies in Wireless Pick to Light business, shared in Chapter 3.

This report presents a comprehensive overview, market shares and growth opportunities of Wireless Pick to Light market by product type, application, key companies and key regions.

This study considers the Wireless Pick to Light value generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019 in Section 2.3; and forecast to 2024 in section 10.7.
Manual
Auto Guided
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 10.8.
Assembly & Manufacturing
Retail & E-Commerce
Pharma & Cosmetics
Food & Beverages
Others

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Daifuku
Honeywell Intelligrated
Lightning Pick (Matthews International)
Aioi-Systems
Atop Technologies
Banner Engineering
Hans Turck GmbH
ULMA Handling Systems
KFI
Falcon Autotech
FasThink
Voodoo Robotics

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Wireless Pick to Light market size by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Wireless Pick to Light market by identifying its various subsegments.
Focuses on the key global Wireless Pick to Light players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Wireless Pick to Light with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Wireless Pick to Light submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

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