According to the latest market research study by Technavio, the global LFPs market is expected to grow at a CAGR of close to 2% during the forecast period of 2017 to 2021.
This market research report by Technavio provides an in-depth analysis of the global LFPs market in terms of revenue and emerging market trends. The report also includes a competitive vendor analysis and forecasts for various market segments and all geographical regions.
Technavio research analysts categorize the market based on the technology
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The top three revenue contributing technology segments are discussed below
Global aqueous ink-based LFPs market: Technavio expects aqueous ink-based LFPs to continue to dominate the global wide format printer market during the forecast period. Aqueous printers are highly popular among consumers due to their high affordability and increased presence in the market.
“Several buyers are shifting toward aqueous ink LFPs from solvent ink LFPs to reduce the environmental hazards caused by solvents. Aqueous ink LFPs offer high standards of print quality with better efficiency compared with solvent inks,” says Chetan Mohan, a lead analyst at Technavio for research on embedded systems.
Several aqueous ink vendors such as Canon, EPSON, and HP have launched new systems for aqueous ink-based LFPs to improve resolution and increase speed. Moreover, they have designed a new ink formulation that can improve color quality and short-term outdoor durability. Aqueous ink-based LFPs are preferred for professional photography, short-term outdoor banners, and indoor and outdoor signage.
Global solvent ink-based LFPs market: The major factor driving growth of the solvent printer segment is the cost factor. Solvent ink LFPs are economical compared with aqueous and UV-cured LFPs. They are also fade-resistant and last longer. Solvent based ink LFPs are best suited for outdoor printing applications such as banners and vehicle graphics.
Global UV-cured ink-based LFPs market: UV ink printer have gained eminence in the market, and during the forecast period, it is expected that they will occupy a large market share when compared to solvent ink printers. The major advantage of UV printing ink when compared with other inks is that they dry as soon as they are cured.
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The top vendors operating in the global LFPS market are:
- Canon
- EPSON
- HP
- Mimaki
- Roland
The other prominent vendors in the market include Agfa Graphics, Konica Minolta, Kyocera, Lexmark, Mutoh, Ricoh, and Xerox.
A more detailed analysis is available in the Technavio market research report titled, ‘Global LFPs Market 2017-2021’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports
- Global POS Receipt Printers Market 2016-2020
- Global Printer Supplies Market 2016-2020
- Global Production Printer Market 2016-2020
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