Worldwide Inkjet-Printing Market to Grow at 24.6 Percent Clip by 2023
Spurred by adoption for commercial production printing, industrial printing, and 3D-printing, market-research firm Research and Markets is forecasting “exceptional growth” for inkjet printing in the next few years.
According to the “Global Emerging InkJet Printing Market Insights, Opportunity, Analysis, Market Shares And Forecast 2017 – 2023”, the global emerging inkjet-printing technologies market is anticipated to rise with a CAGR (compound annual growth rate) of about 24.6 percent during the forecast years of 2016-2023. “Surging demand of high-resolution printing technologies is promoting strong growth in the market,” according to the firm.
Some other factors behind this growth include increasing applications of inkjet printing in textile industries, high investments in the development of novel applications of inkjet-printing technology, high demand for inkjet printers for manufacturing printed electronics, and surging use of advanced inkjet printers adopted for use for 3D printing.
The global emerging inkjet printing market has been segmented on the basis of applications and technology. First, the market has been segregated into product-decoration application, flavouring and fragrance application, life science and medical, chemical, 3D printing, energy and optics applications.
On the basis of inkjet printing technologies, the market has been segmented into drop-on-demand inkjet printing technology and continuous inkjet printing technology. Drop-on-demand inkjet printing is said to provide advanced printing solutions that includes high-resolution printing, decoration on two-dimensional and three- dimensional applications, and printing variable data information.
Moreover, as compared to continuous inkjet printers, Research and Markets says that drop-on demand inkjet printing “provides precise control of ink that can yield 600 to 2,400 or higher dpi” resolution. As a result, drop-on-demand inkjet-printing technology is said to be leading the market. Use of this technique in industrial and medical applications, such as case coding, metals, bags, drug discoveries ,and multiple automated microtitration and other applications, are said to be the prime factor contributing towards its growth.
Companies involved in inkjet printing include:
- Arrayit Corporation
- Biodot Inc.
- Bordeaux Inc.
- Canon Inc.
- Eoplex Inc.
- Fujifilm Dimatix Inc.
- HP Inc.
- Huntsman Pte Ltd.
- ITI Solar
- Jettable Ltd.
- Konica Minolta Lj Technologies Inc.
- Orbotech Ltd.
- Preco Inc.
- Seiko Epson
For more information about this report, visit Research and Markets here.