Infinium Global Research has added a new report on Global Thermal Printing Market. The report covers the analysis of global as well as regional markets of Thermal Printing. Moreover, the report gives insights into the factors that affect the global as well as regional performance of the market in the short run and in the long run. According to report, the global thermal printing market is projected to grow at a CAGR of 4.5% over the forecast period of 2018-2024.
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Adoption of Thermal Printers in the Various Application to Boost the Thermal Printing Market
Thermal printing has several benefits such as Low maintenance cost, easy printing ability, faster speed that is creates the demand of thermal printing worldwide. The various industries are focusing on the Productivity Improvements that leads to rapidly growing adoption of Automatic Identification and Data Capture (AIDC) Technologies that helps to drives the thermal printer across the world. In addition, rising use of thermal printers for various printing applications and the growing use of wireless technologies for the mobile printers are likely to boost the market growth. The growing E-commerce industry anticipated to escalate the growth of thermal printers over the forecast period.
Barcodes are the important integral to various automate systems. The thermal printing is not effective for the barcodes printing as it gives the poor quality image that may hamper the market growth of thermal printing. Furthermore, adoption of thermal printing technology in various application such as retail, airline, banking, and entertainment and healthcare industry is rising rapidly is likely to boost the demand of thermal printing market. Moreover, the ongoing research for technological advance in thermal printing technology to improve the quality of image is likely to create more opportunities for the companies work in thermal imaging.
BIXOLON Launched New Economic and Compact 4-Inch Direct Thermal Desktop Label Printer
“In July 2018, BIXOLON Co., Ltd a leading global Mobile, Label and POS Printer manufacturer announced the launch of the new SRP-E770III economic 4-inch desktop Direct Thermal label printer. In addition, Providing reliable performance and compatibility, the SRP-E770III offers fast data processing and print speeds up to 5 ips (127mm/sec). Alongside a print resolution of 203 dpi to produce high quality printing text, graphics and 1D/2D barcodes. It is fully compatible with market-leading programming languages including SLCS, BPL-Z™ and BPL-E™. The SRP-E770III features BIXOLON’s Smart Switch programming language, allowing the printer to auto detect printer commands.”
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North America Dominates the Market of Thermal Printing
North America dominates the market of thermal printing owing to the vast use of thermal printing in various application such as retail, packaging, transportation, logistics applications and others. The Asia-pacific is the fastest growing region in the thermal printing market on account of increase adoption of thermal printers in various end-use industries
The other players in the thermal printing market are Epson, Bixolon, Fujitsu, SATO Holdings, Honeywell, Zebra Technologies, Toshiba TEC, TSC Auto ID, Brother International, and Star Micronics.