Mobile printers can be defined as printers which use wireless network connections, are portable and can be operated from anywhere, anytime. The global mobile printer market is poised to showcase an impressive CAGR of 17% and attain a valuation of USD 8,351.12 Mn over the forecast period of 2027-2023, asserts Market Research Future (MRFR) in an extensive study.
Convenience is the main selling proposition of mobile printers. Mobile printers can print anytime, anywhere from handheld devices without requiring print drivers. They facilitate seamless mobility which is a major advantage.
The proliferation of mobile phones, tablets and other smart devices with sophisticated features is among the principal factors driving the growth of the global Mobile Printer Market. The explosive growth of mobile applications which are capable of running
Adoption of mobile printers across various industry verticals also boosts the growth of the global mobile printers market. They can be utilized for an array of applications such as ticketing and labeling, printing barcodes, receipts, invoices to radio frequency identification (RFID) tags.
Availability in multiple designs to meet the needs of a variety of applications coupled with rapid advancements made in design and technology which results in new product launches fosters the growth of the global mobile printer market.
However, with growing digitization and advent of cloud computing, more information is being stored online and transferred via the internet which has led to a decline in the need for information to be printed for distribution and retention which might have a negative impact on the growth of the global mobile printer market.
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The prominent players in the mobile printer market are – Canon Inc. (Japan), Honeywell Scanning And Mobility (U.S.), Seiko Epson Corporation (Japan), Toshiba Tec Corporation (Japan), Zebra Technologies (U.S.), Hewlett-Packard (U.S.), Polaroid Corporation (U.S.), Brother Industries, Ltd., (Japan), Printek (U.S.), Star Micronics Co., Ltd. (Japan) Among Others.
The global mobile printer market has been segmented based on output, and end user.
- By output, the global mobile printer market has been segmented document, barcode labels, receipts, pictures, and others.
- By technology, the global mobile printing market has been segmented into Bluetooth, infrared data association, Wi-Fi, and others. The infrared data association segment is likely to be the largest segment. Infrared data association can be operated from a long distance, around 30 feet in omni-direction which makes it popular among consumers.
- By end user, the global mobile printing market has been segmented into corporate offices, retail, healthcare, residential, and others.
North America, Europe, Asia Pacific (APAC), and the Rest of the World (RoW) are the key markets for mobile printers.
North America accounts for the most significant share of the global mobile printer market. The growth of the North America mobile printer market can be attributed to sophisticated network infrastructure, digitization, and higher technology implementation in the region. The presence of leading players in the region coupled with a high adoption rate across various industry verticals is driving the growth of the market. Advancement in wireless technology is also fostering the growth of the market in North America.
The market is expected to showcase steady growth in Europe. Continuous investment in R&D supports the growth of the market.
Asia Pacific market is poised to exhibit tremendous growth and emerge as the fastest growing market for mobile printers. Improving IT landscape, an extension of the retail and logistics industry and booming e-commerce sector stimulate the market growth in APAC.
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