According to the recent research report by Market Research Future (MRFR), the global market is predicted to acquire significant market value of USD 8,350 million, at a moderate CAGR of 17% over the review period (2017-2023).
Drivers and Restraints
The proliferation of tablets, mobile phones, and other smart devices with advanced features is among the primary factors contributing to the remarkable growth of the global Mobile Printer Market. The seamless growth of mobile applications which are capable of running. The adoption of mobile printers across various industry verticals also enhances the growth of the global market for mobile printers. They can be utilized for an array of applications such as printing barcodes, ticketing, and labeling, receipts, invoices as well as radio frequency identification (RFID) tags. Availability in multiple designs to meet the needs of an array of applications coupled with rapid advancements made in design and technology, which lead to new product launches, fosters the growth of the global mobile printer market. Moreover, with the inventions of the mobile photo printer, wireless mobile printer, and other advanced variations, the market is touted to witness increased demand over the review period
However, with growing digitization and rising adoption of cloud computing, more information is being stored online and transferred via the internet which has led to a decrease in the need for information to be printed for distribution and retention which may 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 bifurcated based on output and end-user.
- Based on the output, the global mobile printer market has been segmented into documents, barcode labels, receipts, pictures, and others.
- on the basis of technology, the global mobile printing market has been segmented into infrared data association, Wi-Fi, Bluetooth, and others. The infrared data association segment is expected to grow as the largest segment.
- By the end-user, the global mobile printing market has been segmented into healthcare, corporate offices, residential, retail, and others.
North America, Asia Pacific (APAC), Europe, and the Rest of the World (RoW) are the key regional markets analyzed for mobile printers.
North America holds the most significant share of the global mobile printer market over the review period. The growth of the North American mobile printer market can be accredited to digitization, complex network infrastructure, and higher technology implementation in the region. Additionally, the presence of leading players in the region coupled with a high adoption rate across several industry verticals is fueling the growth of the market over the assessment period. Innovation in wireless technology is also fostering the growth of the market in North America.
The market is expected to showcase a steady growth in Europe. Constant investment in R&D supports the growth of the market.
Asia Pacific market is poised to exhibit considerable growth and emerge as the fastest-growing market for mobile printers. Improving the IT landscape, an extension of the retail and logistics industry, and the booming e-commerce sector stimulate market growth in APAC.
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