The latest report on Thermal Printing Market by Infinium Global Research gives complete coverage of the Thermal Printing Market by in terms of key trends, market size, forecast and CAGR growth over the period of 2018 to 2024. In addition, the study covers deep dive into key product and applications trends in the regional markets of Thermal Printing such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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Low Maintenance Cost, Easy Printing Ability, the Faster Speed that Creates the Demand for Thermal Printing Worldwide
The thermal printing is a digital printing process that is used to print the image on the paper by selectively heating the coated thermochromic paper or thermal paper. The paper used in thermal printing is coated with the material that changes its color when the heat is applied. In terms of quality, speed and technological advancements, the thermal printing (or printers) offer various benefits over the other printing technologies such as Offset, Letterpress and so on which increase its popularity among the consumers. The thermal printers operate on the combination of two different technologies direct thermal and thermal transfer. Thermal printers are faster and effective than the dot matrix printers, so nowadays they are used in various applications such as banking, airline, healthcare and so on.
Thermal printing has several benefits such as Low maintenance cost, easy printing ability, the faster speed that creates the demand for thermal printing worldwide. The various industries are focusing on the Productivity Improvements that leads to the 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 mobile printers are likely to boost the market growth. The growing E-commerce industry anticipated escalating the growth of thermal printers over the forecast period.
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Adoption of Thermal Printing Technology in Various Application Such as Retail, Airline, Banking, and Entertainment and Healthcare Industry
Barcodes are important integral to various automated systems. The thermal printing is not effective for barcodes printing as it gives the poor quality image that may hamper the market growth of thermal printing. Furthermore, the 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 the image is likely to create more opportunities for the companies to work in thermal imaging.
Geographically, 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 increasing adoption of thermal printers in various end-use industries.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the Thermal Printing.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2024.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.