ALBANY, New York, May 13, 2020 /PRNewswire/ -- A recent report by Transparency Market Research states that global advanced printer market is projected to grow exponentially during the tenure of 2019 to 2027. The growth of the market is attributed to the pacing Industry 4.0 and development of various data oriented technologies in various business. Owing to the rapid development in printing industry the advancements in the industry is propelling the growth of global advanced printer market during the tenure of 2019 to 2027. As per the report by Transparency Market Research, the global advanced printer market is projected to experience ~3% CAGR during the forecast period of 2019 to 2027.
"Due to growing technological developments, printers are developing at rapid pace. Moreover, backed by Industry 4.0, printers are achieving intelligence which makes them optimum for printing complex structures. Additionally, the development of 3D printers is also a major development that is expected to boost the growth of global advanced printer market during the tenure of 2019 to 2027. Furthermore, the global advanced printer market is expected to reach to the value of ~US$ 230 Bn by the end of 2027" –Transparency Market Research.
Major Findings in Global Advanced Printer Market Study
The laser printers segment under the technology category is projected to hold the lion's share in the global advanced printer market
The connectivity category of the global advanced printer market is expected to be dominated by wireless printers segment.
The CAD & Technical printers segment shall dominate the application category of the global market for advanced printers.
The end-user category shall be dominated by industrial segment during the tenure of 2019 to 2027.
Explore the latest study on global advanced printer market under the title: Advanced Printer Market (Technology: Laser, Thermal, Inkjet, Dot Matrix, and Others; Connectivity: Wired and Wireless; Application: Apparel & Textile, Signage, Advertising & Décor, Office & Professional Applications, CAD & Technical Printing, Commercial & Publication Applications, and Others; and End User: Industrial, Commercial, and Residential) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 – 2027 at https://www.transparencymarketresearch.com/advanced-printer-market.html
Major Drivers Propelling the Growth of Global Advanced Printer Market
Growing Adoption of 3D Printers to Propel the Market's Growth
Over the period of time, 3D printers have become one of the most common tools in manufacturing construction industry. These printers can produce a component or a part in less time and highly under budget. This advantage has allowed the 3D printers to strongly penetrate the manufacturing business. Owing to this penetration, the global advanced printers market is expected to witness a substantial growth during the tenure of 2019 to 2027.
Growing Consumer Demand of Cost Efficient Printing Solutions Boost the Growth
The past decade has witnessed a tectonic shift toward sustainable and eco-friendly solutions and technologies within the industrial sector. The storyline remains the same within the advanced printers market wherein market players are increasingly leaning toward deploying environment products and solutions. In their bid to develop environment-friendly products, participants within the advanced printer market are closely investigating the possibilities of using different sustainable materials. Owing to this paradigm shift the global advanced printer market is expected to grow substantially during the tenure of 2019 to 2027.
Analyze Global Advanced Printer Market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea, Request a sample of the study.
Major Challenges that can impede the Growth of Global Advanced Printer Market
The major challenge that the global advanced printer market is facing is the outbreak of COVID-19 across the globe. The disease has led the people to confine themselves to their homes and all the manufacturing and construction has come to a halt. Owing to this outbreak, the demand for advanced printers has significantly dropped and may hamper the growth of global advanced printers market from 2019 to 2027.
Global Advanced Printer Market: Regional Analysis
North America is a leading region of the global advanced printer market. Growth of the market in the region can be attributed to presence of leading manufacturers in the region. The textile industry holds key importance in a country's economy, as it contributes significantly to the country's GDP. The U.S. and member countries of the European Union have prominent textile industries. This is the major factor that is helping North America to dominate the regional front of global advanced printer market during the forecast period of 2019 to 2027.
The global advanced printer market is highly progressive yet highly fragmented. The nature of the market is the result of presence of handful of prominent players. However, due to this the new players are unable to enter the global advanced printer market. To overcome this situation, the new players are merging and collaborating with the established players of global advanced printer market.
The global advanced printer market is segmented on the basis of:
Connected Home Devices Market – According to TMR's report, the connected homes devices market is expected to expand at a CAGR of ~ 12%. The growth of the market is driven by the rising penetration of next-gen technologies in devices that enable superior connectivity and performance enhancement.
Night Vision Device Market – Rising adoption and rapid improvement and upgrade of devices and weapons to be used by the defense personnel are expected to drive the global night vision device market during the forecast period. Encouragement from governments for using night vision devices for law enforcement is also driving the night vision device market.
Photomask Market – Integration of robotics is expected to be one of the key trends in the photomask market in the coming years. Increasing demand for smart home, smart infrastructure, smart cities, smart cars, etc., is driving Internet of Things (IoT) across various industries. This is resulting in the growing automation in the semiconductor industry, thereby driving the global market for photomask.
Flexible Display Market – The global flexible display market is slated to see a turbo-charged growth in the upcoming years. A report by Transparency Market Research, estimates the market will register a phenomenal CAGR of 33.5% from 2017 to 2025. Rising at this pace the market will likely become worth US$47.892 bn by 2025 from US$4.5 bn in 2016.
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About Transparency Market Research
Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
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