Printers Market Overview
In the contemporary world of modern technology and digital transformation the electronics industry is growing exponentially. The technical innovation in the Printers market was marked with the introduction of wireless printers. Wireless printers have a wide range of applications in healthcare, IT, educational, and finance industry. The consistent growth in these industries is fueling the printers market. Additionally, the increased photography market has increased the demands for the laser printer. These demands are extensively coming from the developing economies such as India and Japan. Furthermore, the migration to wireless printers and the rising adaptions of all-in-one printers in multiple industries is expected to add revenues in the global printers market. Increased advantages such as the ability to print large formats with improved quality, clarity, and smoothness are advocating the growth in this market.
The consistent innovations in the printer technology has seen upgrades from dot-matrix, ink-jet, line printers, daisy-wheel printers, and drum printers to highly advance laser printer, LED printers, portable printers, and Wi-Fi enabled printers. With growing electronics industry, the printers market is expected to witness more significant innovations.
The information is based on a recent business intelligence report from Industry ARC, titled “Printers Market: by type (impact printers, non-impact printers& others); by production method (offset, web based, gravure, flexo & others); by application (chemical, education, medical, office solutions, interior designing & others); by geography - forecast (2018-2023).” Analysts at Industry ARC suggests that this market is projected to harness huge profits in the forecast period.
Browse through 152 slides and an in-depth TOC on “Printers Market (2018 - 2023)”
Printers Market Trends
- The latest trend taking over in the printer market comes from the textile industry. The fad of digitally printed textiles is highly trending among the youths of the world. These apparels are printed using the large format printers. Another wide application for large format printers comes from the printing of billboards and hoardings. The adamant advertising industry is expected keep employing these large format printers for printing massive sized printers.
- The booming engrossment of photography among citizens all across the world is employing a great number of wax printers. The photographs printed through the wax printer are extremely color balanced and sharp owing to the quality of the paper used. These printers are in trend among the photographers around the world.
- Several market leaders in the printer industry such as EPSON, HP and Canon among others are developing all-in-one printers. These printers come with lots of other compelling features such as safe keeping of documents and sending e-mails via them. These printers often come with Wi-Fi connection which enables consumers to print documents via the Internet using their smartphone, tablets or PC.
- Although, the Internet connection in printers is helping the consumers, it has some restraints attached to it as well. A recent article from Forbes acknowledged the incident of 50,000 hacked printers. This venture was carried out by a hacker pseudo named TheHackerGiraffe.
The printers market is growing owing to its wide range of application in various end-user industry such as medical, IT, and educational sector. The innovations in the electronic industry is responsible for the consistent growth in the printers market. This market is projected to witness considerate profit in the near future.
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Large Format Inkjet Printers Market: By Type (Flatbed Printers, Roll-To-Roll, and Hybrid Printers), By Technology (Inkjet Technology, & Laser Printers), By Print Width, By Print Material, By Ink Type, By End-User & By Region - Forecast(2018 - 2023)
Functional Printing Market: By Materials (Substrates, Ink, Conductors), By Technology (Ink-jet, Screen, Gravure printing), By Displays (RFID, Displays, ISS) - Forecast (2017-2022)
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