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Inkjet printers recreate a digital image on the paper and plastic substrates. They are non-contact printers and the image is printed by propelling droplets of ink through nozzles on various substrates. Ionized ink directed by magnetic plates are contained in the inkjet technology to spray ink on to the paper. Thus, they find their applications in printing in various end uses such as industrial, consumer, pharmaceutical, education, textile, and others. Innovations in the electronic systems industry make way for better and improved inkjet printers. The global inkjet printer market is experiencing a significant growth, and is anticipated to grow considerably in the next few years.
The global inkjet printer market is segmented on the basis of type, technology, end user, and region. Based on type, the inkjet printer market is divided into large format printer, industrial inkjet printer, multifunctional printer, textile printer, desktop printer, inkjet press, and others. In terms of technology, the market is categorized into UV inkjet, drop on demand, and continuous inkjet.
On the basis of end user, the market is divided into industrial, consumer, pharmaceutical, education, textile, and others. Geographically, the market is analyzed across several regions such as North America,
Europe, Asia-Pacific, and Latin America, Middle East & Africa (LAMEA).
Key players operating in the global inkjet printer industry include Pannier Corporation, HP Development Company, Brother Industries, Konica Minolta Inc., Videojet technologies Inc., Canon Singapore Pte. Ltd., Xerox Corporation, KEYENCE CORPORATION, Seiko Epson Corporation, Eastman Kodak, and Others. These companies have adopted several strategies such as product launches, partnerships, collaborations, mergers & acquisitions, and joint ventures to strengthen their foothold in the global market.
The major drivers that lead to the inkjet printer market growth are the increase in demand from various industries for better print quality and higher print resolution, and growth of the advertising industry. But, the availability of substitutes like laser printers and their features such as high operating speed, low running costs, high printing capacity and others hinder the market growth. Moreover, the advantages of inkjet printers such as light weight, compact size, less war-up time, easy setup process and low startup cost as compared to laser printers are expected to fuel the market growth.
The unveiling of several new products that comprise enhanced capabilities have been introduced by key market players. This helps them strengthen their market presence. MFC-J995DW and MFC-J995DW-XL, a new INKvestment series inkjet printer was launched by Brother Industries Ltd which is an electronic/electrical manufacturing company in the year 2018.
MFC-J995DW inkjet printers generally used for one year without ink replacement and the MFC-J995DW-XL inkjet printer can be used for two years without ink replacement of the printer. Moreover, these inkjet printers display the estimated remaining page counts and also monitor the ink usage which helped them flourish the inkjet printer market.
Initially the inkjet printers were used for marking and coding applications in packaging, but due to the advancements in the printing techniques, they find their applications in various industries. Several advancements have been made in the textile industry in printing procedures from block printing to the rotary screen-printing machine & dry heat transfer printing.
Moreover, the manufacturer can print different designs, colors, and patterns on the same fabric by using inkjet printer with digital printing due to the increased operating speed as compared to screen printing. Thus, leading to surge in the usage of inkjet printers in the textile industry.
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