New market research study by Technavio on the global
pick-to-light systems market projects the market to grow
at a CAGR of over 6% during the period 2019-2023. This research report
provides an in-depth analysis of the market in terms of revenue, top
drivers and emerging market trends. It also includes detailed insights
and forecasts for all the market segments across different geographies.
This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20190517005291/en/
Technavio has published a new market research report on the global pick-to-light systems market from 2019-2023. (Graphic: Business Wire)
Increased efficiency in warehouse operations
Pick-to-light systems aid in minimizing travel by employees in a
warehouse or distribution center to pick up products, which, in turn,
helps in enhancing the efficiency of warehouse operations. A
pick-to-light system guides employees to pick up the selected products
through its digital light display. This system also helps in improving
the picking accuracy rate and optimizes cluster and batch picking by
enabling the picking of multiple orders by employees in one pass through
the warehouse. Such advantages with the system are expected to lead to
an increase in demand for pick-to-light systems during the forecast
period.
Looking for more information on this market? Request
a free sample report
Technavio’s sample reports are free of charge and contain multiple
sections of the report including the market size and forecast, drivers,
challenges, trends, and more.
Integration of autonomous mobile robots (AMRs) with pick-to-light
systems
An AMR is a robot that can move through the warehouse or distribution
center without being supervised by an operator. Moreover, these AMRs are
connected with warehouse execution software (WES), which provides them
with the flexibility to create their own routes, to identify and avoid
obstacles, as well as to reroute them when necessary. Thus, it enables
AMRs to deal with the dynamic environment required for efficient order
fulfillment operations. The integration of an AMR with a pick-to-light
system aids in increasing the efficiency of order picking and enables
the picking of a large number of products at one time as well as faster
picking of products. Thus, the integration of autonomous mobile robots
(AMRs) with pick-to-light systems will drive the overall global market
during the forecast period.
According to a senior analyst at Technavio for electrical equipment,
“Currently, vendors are offering pick-to-light systems that can easily
be integrated with management software such as ERP and WMS. These
systems automatically update the management software in real-time with
regard to inventory data and enable enterprises to better manage their
manpower requirements as per the order volume. Thus, the various
benefits of integrating pick-to-light systems with different management
software are expected to drive market growth during the forecast period.”
Availability of radio frequency (RF) handheld scanners
RF handheld scanners are considered the most flexible technology and are
easier to deploy and less costly than pick-to-light systems, as a result
of which, they are gaining preference in warehouses and distribution
centers for picking orders. These devices consist of screens that
deliver important information directly to employees through
system-generated cycle count orders and also helps keep track of
shortfalls in inventories and the quantities picked. Thus, the increase
in the demand for RF handheld scanners will impact the demand for
pick-to-light systems, in turn, affecting the growth of the market in
focus during the forecast period.
Top players in the global pick-to-light systems market:
- Bastian Solutions Inc.
- Daifuku Co. Ltd.
- Kardex Group
- Matthews International Corp.
- SSI Schaefer Group
Some of the key topics covered in the global
pick-to-light systems market include:
Market Landscape
- Market ecosystem
- Market characteristics
- Market segmentation analysis
Market Sizing
- Market definition
- Market size and forecast
Five Forces Analysis
Market Segmentation
Geographical Segmentation
- Regional comparison
- Key leading countries
Market Drivers
Market Challenges
Market Trends
Vendor Landscape
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
About Technavio
Technavio
is a leading global technology research and advisory company. It
provides detailed market research reports that provide clients with
actionable insights to help them identify market opportunities and
design effective strategies to optimize their market position.
With over 500 specialized analysts, Technavio boasts of an extensive
report library comprising of over 10,000 reports, covering 800
technologies, spanning across 50 countries. Their client base consists
of enterprises of all sizes, including more than a hundred Fortune 500
companies. This growing client base relies on Technavio’s comprehensive
coverage, extensive research, and actionable market insights to identify
opportunities in existing and potential markets. Technavio helps
companies to assess their competitive position within changing market
scenarios.
If you are interested in more information, please contact our media team
at media@technavio.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190517005291/en/