Pick to Light Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Pick to Light Market Introduction
Pick to light also known as the digital picking system is the light directed picking technology that offers an efficient and accurate method of picking, putting or sorting and assembling products, thereby, lowering the cost of labor. Pick to light uses light indicator mounted at item location on the workstation or other storage media in order to guide operators to the correct product location and quantity required to fill an order.
In a pick to light system, the employee or operator scans a barcode license plate attached to a shipping carton or tote, a reusable container for holding items. With a number of technological advances in warehouse system, pick to light system is gaining popularity as it leads to more efficient record keeping, improves productivity, and lowers labor cost.
Pick to light Market - Notable Developments
Founded in 1935, Murata Machinery is located in Japan. The company provides logistics systems and factory automation including automated storage and transportation systems. The company’s main products include steel metal machinery, textile machinery, communication equipment, and turning machines.
Established in 2001, Honeywell Intelligrated is located in the US. It is a software engineering and material handling automation company. The company provides solutions for e-commerce, retail, consumer packaged goods, wholesale, medical supply, food and beverages, and third party logistics. It designs, manufactures, and install automated material handling systems.
Founded in 1952, Knapp AG is located in Austria. The company manufactures and markets warehouse automation, material handling, and intralogistics systems for food, multichannel, e-commerce, cosmetic, office, media, pharmaceutical, and fashion industries. It also offers information technology, installation, aftercare, logistics, and other services.
Established in 1984, Aioi-Systems Co is located in Japan. The company designs, manufactures, and develops automatic measuring and control systems, computer software and hardware, logistics systems, security systems, and digital picking systems. It also offers various systems for supply chain distribution centers and manufacturing support solutions.
Some of the most prominent competitors operating in the competitive landscape of global pick to light market include –
Pick to Light Market Dynamics
Significant Growth in E-Commerce Industry to Drive Demand for Pick to Light
Pick to light system is gaining popularity in the e-commerce industry offering reliability, simplicity, and flexibility. Moreover, it also helps to pick more order with fewer errors in less time. Increasing demand for reliability and speed with rising number or orders is resulting in the use of pick to light system to prepare fast and accurate e-commerce orders while eliminating service errors.
With rise in number of internet users, e-commerce industry is also witnessing significant growth. This is leading to the development and adoption of advanced pick to light system with higher volume picking, flexible technology, real-time monitoring and predictive planning, integrating pick to light system with wide variety of technologies and hardware, easy to learn and intuitive pick to light technology leading to less training time.
Industrial Internet of Things Pick to Light Models Gaining Traction
Industrial Internet of Things (IIoT) integrated pick to light devices are being used by increasing number of warehouse, distribution, and cellular manufacturing assemblies. With IIoT, pick to light devices or system can provide real-time, accurate, picking data leading to immediate corrective actions on distribution center or plant floor. IIoT pick to light system also eliminates the chances of product miss-picks. Moreover, just one incorrect shipped order can affect entire margin of shipment, often the measures include reshipping which can be costly, hence, demand for IIoT pick to light models are being adopted as its offers real-time monitoring, thereby, avoiding miss-picks completely.
Manufacturers in the pick to light market are leveraging IIoT in order to provide next-gen of pick to light technology for warehouse. Moreover, wireless pick to light devices are being developed with easy integration with existing warehouse management system or the enterprise resource planning system.
Price Complexity and Large Capital Investment to Challenge Pick to Light Market Growth
Pick to light system generally require large initial capital investment and also require high maintenance cost for the long term. Furthermore, adding a new location, require more equipment leading to large capital investment. Moreover, for smaller companies to deploy pick to light system can be prohibitively expensive owing to the software licensing fees, and out of the box cost without including downtime for installation or cost to wire a warehouse.
High cost of pick to light is also one of the reasons that pick lights are hardly installed in entire distribution center or warehouse. Instead, pick lights are mostly installed in the fast moving lines or at the most frequent inventories.
Pick to Light Market Segmentation
Based on operation, the pick to light market is segmented into
Based on the power source, the pick to light market is segmented into
Based on the industry, the pick to light market is segmented into
The study presents a granular assessment and quantitative evaluation of:
The region-wise assessment includes market dynamics in:
The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.
The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:
Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.
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