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Key takeaways from MEMS inkjet heads market study
- MEMS inkjet heads market size to increase by USD 123.42 million at over 2% CAGR between 2020 and 2025
- 1.92% year-over-year growth expected in 2023
- 40% market growth to originate in APAC during the forecast period
- Thermal inkjet heads segment accounted for maximum growth in the market in 2020
- Dominant vendors include Canon Inc., Eastman Kodak Co., FUJIFILM Holdings Corp., and others
MEMS inkjet heads Market: Growth Drivers and Restraints
The MEMS inkjet heads market is driven by increased demand for multifunction printers (MFPs). MFPs incorporate multiple functionalities such as printing, photocopying, faxing, and scanning. They also come with additional features such as secured network document storage, authentication of network user’s credentials, running custom software, advanced network scan destinations (FTP, WebDAV, e-mail, SMB, and NFS stores), and encryption for data transmission. The availability of such multiple features helps end-users reduce procurement expenditures and save significant operational costs. Also, it allows organizations in generating a smaller footprint by reducing electricity consumption. Many such benefits are increasing the demand for MFPs, which is driving the growth of the market.
“Although the growing adoption of UV-curable ink and global growth in the packaging industry will further boost the market growth, the emergence of digital substitution might reduce the growth opportunities for market players”, says an analyst at Technavio.
The MEMS inkjet heads market report answers questions such as:
- Is the market structure fragmented or concentrated?
- What was the market size in 2020 and the forecast of the MEMS inkjet heads market through 2025?
- Which are the best segment areas to invest in over the forecast period?
- What is the market share of dominant and strong vendors in the MEMS inkjet heads market?
- What are the latest trends and regulatory frameworks in the MEMS inkjet heads market?
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MEMS Inkjet Heads Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of over 2% |
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Market growth 2023-2025 |
USD 123.42 million |
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Market structure |
Concentrated |
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YoY growth (%) |
1.92 |
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Regional analysis |
APAC, North America, Europe, South America, and MEA |
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Performing market contribution |
APAC at 40% |
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Key consumer countries |
US, China, Germany, Japan, and South Korea (Republic of Korea) |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Canon Inc., Eastman Kodak Co., FUJIFILM Holdings Corp., FUNAI ELECTRIC Co. Ltd., HP Inc., Konica Minolta Inc., Koninklijke Philips NV, Memjet Holdings Ltd., Ricoh Co. Ltd., and Seiko Epson Corp. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period. |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Market Scope Table:
Table of Contents:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing… View our MEMS inkjet heads market snapshot to unlock TOC
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
