Global MEMS Inkjet Heads Market 2018-2022
About MEMS Inkjet Heads
A MEMS inkjet head is an important component of inkjet printers, used for taking a black and white or color print or for digital imaging. The printhead controls the placement of the ink on the substrate and is therefore integral to a printer.
Technavio’s analysts forecast the global MEMS inkjet heads market is expected to grow to $998.75 mn. by 2018-2022.
Covered in this report
The report covers the present scenario and the growth prospects of the global MEMS inkjet heads market for 2018-2022. To calculate the market size, 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 MEMS Inkjet Heads Market 2018-2022
Technavio recognizes the following companies as the key players in the global MEMS inkjet heads market: Canon, FUJIFILM, FUNAI ELECTRIC, HP Development Company, and Seiko Epson.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing demand for digital printing. To improve the turnaround time and reduce the overall cost of printing, various stakeholders of the publishing industry are focusing on adopting digital printing over conventional printing methods including lithography, flexography, and others.”
According to the report, one driver in the market is increased demand for multi-functional printers. MFPs incorporate the functionality of multiple devices including printers, fax machines, scanners, and photocopiers. Furthermore, network document storage, authentication of network user’s credentials, and ability to run custom software are few additional features of MFPs allowing organizations to reduce costs substantially.
Further, the report states that one challenge in the market is emergence of digital substitution. Digital substitution has emerged as a direct substitution for printing. The increased penetration of the internet is impacting the global printing market negatively.
HP Development Company