Market Overview
Market Research Future (MRFR) in its extensive study on the mobile printer market 2020, reveals different forces that regulate the market dynamics. Along with it, the Impact of COVID 19 Outbreak on Mobile Printer Market is also mentioned. As per MRFR data, the mobile printer market is expected to thrive at 17% CAGR across the evaluation period 2027-2023. The mobile printer market value can touch USD 8,351.12 Mn by 2023. The increase in the demand for mobile printers due to the availability of cost effective and easily accessible wireless network connections anywhere and anytime can boost the expansion of the market through the review period. The convenience of mobile printers selling proposition can also support the expansion of the mobile printer market through the assessment period. The advantage of mobile printers to provide print anytime, and anywhere with handheld devices that require print drivers, along with seamless mobility underpins the growing demand and popularity of mobile printers. These can support the expansion of the mobile printer market through the review period. In addition, rapid ingression rate of mobile phones, and tablets among other smart devices that offer sophisticated features can promote the expansion of the mobile printer global market in the review period.
On the contrary, the mobile printer market expansion can be hindered by rise of digital solutions and cloud computing. A large amount of information is stored online and transfer of these data is done via the internet. This has led to decline in the need for printed information, which can restrain the expansion of the global mobile printer market through the review period.
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Key Players
The prominent players in the mobile printer market are – Canon Inc. (Japan), Honeywell Scanning And Mobility (U.S.), Seiko Epson Corporation (Japan), Toshiba Tec Corporation (Japan), Zebra Technologies (U.S.), Hewlett-Packard (U.S.), Polaroid Corporation (U.S.), Brother Industries, Ltd., (Japan), Printek (U.S.), Star Micronics Co., Ltd. (Japan) Among Others.
Segmentation
The segment analysis of the global mobile printer market is done by output, technology, and end user.
The output based segments of the global mobile printer market are barcode labels, receipts, pictures, and document and others.
The technology based segments of the global mobile printing market are Wi-Fi, Bluetooth, infrared data association, and others. The infrared data association segment can emerge as the largest segment of the market. The benefit of Infrared data mobile printer to operate remotely from 30 feet in Omni direction is responsible for the rise in its popularity among consumers. This can boost the expansion of the market through the review period.
The end user based segments of the global mobile printing market are retail, healthcare, residential, corporate offices, and others.
Regional Analysis
In APAC, the growing adoption of mobile printers in different industry can boost the rise of the mobile printer global market. The rise in application of mobile printer in printing barcodes, ticketing and labelling, receipts, and invoices to radio frequency identification (RFID) tags can support the expansion of the regional market. In addition, the increase in utility of RFID tags in the booming e-commerce segment of the region can impel the expansion of the market across the analysis period. In North America, the availability of mobile printer in multiple and effective designs that meet various applications requirements can prompt the expansion of the regional market. In EU, the rapid advancements in design and technology of mobile printer that allows the launch of new products can fosters the rise of Europe mobile printer market.
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