London, 6 July 2015: Technavio, the independent tech-focused global research firm, has published a report on the global MEMS inkjet heads market 2015-2019, which is expected to grow at a CAGR of 1.7% during the forecast period of 2014-2019.
The rising demand for printers in the education, IT, and residential sectors propels the demand for inkjet heads in the market. High popularity of printers in these sectors can be attributed to its improved efficiency, enhanced quality, greater performance, and cost savings capabilities. Other factors like increased printer usage by entrepreneurs and hobbyists, and increasing outdoor advertising and promotional activities boost growth in this market.
“The shift from black and white print impressions to color print impressions has resulted in an increase in demand for high-speed continuous-feed inkjet printers. This in turn has boosted the growth of the global microelectromechanical systems (MEMS) inkjet heads market,” says Faisal Ghaus, Vice President of Technavio.
“The adoption of advanced technology in printing such as ultra-high volume inkjet printers is expected to reduce the average cost per color impression. This will increase the demand for MEMS inkjet heads during the forecast period.”
Key Market Drivers:
- Increase in Demand for Inkjet Printers.
- Increased Adoption of Printers by Hobbyists and Entrepreneurs.
- Increase in Outdoor Advertising and Promotional Activities.
- Declining ASP of Printers.
Key Market Trends:
- Increase in Demand for Color Prints.
- Increasing Demand for HD Printing.
- Increase in Green Initiatives.
Key Market Vendors:
- Canon Inc.
- Hewlett-Packard Co. (HP)
- Olivetti SpA
- Seiko Epson Corp.
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges, and trends featuring data on product segmentations, vendor shares, growth rate by revenue, and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
