Global Inkjet Heads Market 2017-2021
About Inkjet Heads
Inkjet printheads are integrated into the printers for color printing, black-and-white printing, and digital imaging. There are two types of printers - impact printers and non-impact printers. Impact printers, such as dot matrix printers, use an impact to create images and text on paper. Non-impact printers, such as inkjet and laser printers, create text and images on paper without a mechanical impact on the paper. A rapid surge in the number of Internet users worldwide has revolutionized the printing market. People across the globe have access to a vast amount of data.
Technavio’s analysts forecast the global inkjet heads market to grow at a CAGR of 1.46% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global inkjet heads market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Inkjet Heads Market 2017-2021
Technavio recognizes the following companies as the key players in the global inkjet heads market: Epson, FUJIFILM Holdings, HP Development Company, Konica Minolta Business Solutions, KYOCERA, Memjet, Ricoh, and Toshiba.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is rise in the demand for POD services. In the POD printing technology, the copies of a book or documents are not printed until the order is received. While publishing books on demand, publishers can print the books based on the order. This reduces the risk of inventory management, and the publisher can keep the cost of printing under control.”
According to the report, one driver in the market is increased demand for MFPs. The multifunctionality of MFPs is helping firms get the documents on and off the network without increasing the cost. Consumers in the printing industry are increasingly adopting multifunctional devices because of this attribute of MFPs. MFPs, as the name suggests, include printing, faxing, scanning, and photocopying. These devices are reliable, user-friendly, and efficient, and they provide better quality. There has been high penetration of MFPs among small offices and home office setups. Though MFPs do not offer high-quality prints, that are usually obtained in standalone printers, they serve various purposes.
Further, the report states that one challenge in the market is increasing green initiatives by the governments of developing countries. The market is witnessing a rise in the number of green initiatives by governments, especially in developing and emerging nations. For instance, the Indian government has taken the initiative to save paper in the railways sector. Previously, while making railway or bus reservations, consumers had to show printouts of the tickets they purchased. Similarly, in airports, passengers can just flash their e-mail containing the ticket instead of a printout. Consumers are now using their mobile devices (smartphones, phablets, and tablets) for the same purpose, eliminating the use of paper.
Epson, FUJIFILM Holdings, HP Development Company, Konica Minolta Business Solutions, KYOCERA, Memjet, Ricoh, and Toshiba.
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