PUBLISHER: Orion Market Research | PRODUCT CODE: 1311860
PUBLISHER: Orion Market Research | PRODUCT CODE: 1311860
Title: Global Mobile Photo Printing Market Size, Share & Trends Analysis Report by Type (Desktop Type, and Handheld Type), by Connectivity (Wired, and Wireless), by Technology (Dye Sublimation, Inkjet, Laser, Thermal, and Zink) and by Distribution Channel (Online and Offline) Forecast Period (2023-2030).
The global mobile photo printing market is expected to grow at a CAGR of 8.8% during the forecast period. The market's growth is attributed to the growing demand for instant photo printing across the globe. Nowadays, consumer perception has changed as a result of the demand for instant photos and memories, that has contributed to the popularity of mobile phone printers. Instant photo printers are capable of producing high-quality photos at the same time with new and unique features. For instance, in October 2022, Fujifilm Holdings Corp, announced the launch of its Fujifilm Instax Square Link smartphone printer (Square Link). The latest addition to the popular series of Link smartphone printers, Square Link, creates Insta-square format instant prints at 1.5 times the size of its Instax mini counterparts. Square Link features a variety of new, unique features designed to encourage creativity, including AR (augmented reality) Print and Instax Connect, both of that allow instant photography and smartphone printing fans to individualize and share their images in brand new ways.
The mobile photo printer market is segmented based on type, connectivity, technology, and distribution channel. Based on type, the market is anticipated into desktop-type and handheld-type. By connectivity, the market is anticipated into wired and wireless. Based on technology, the market is anticipated into dye sublimation, inkjet, laser, thermal, and zink, and by distribution channel, the market is anticipated into online and offline. Among these segments, the inkjet sub-segment is anticipated to hold a significant market share owing to mobile photo printers' advanced printing and ink technologies, that create the best results for the company.
The wireless sub-segment is attributed to growing demand for personalized and creative printing across the globe. Personalized and creative printing are becoming more popular nowadays owing to the consumer demand. Mobile photo printers offer consumers improved print quality, customized filters, and frames, in addition to exceptional work efficiency and creativity. For instance, in January 2023, Kodak Moments announced the expansion of its partnership with multi-national retailer Carrefour in France. The companies launched a cross-channel photo website that's designed, operated, and managed entirely by Kodak Moments, with Carrefour's cooperation in co-branding and marketing.
The global mobile photo printer market is analyzed across key regions, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East and Africa, and Latin America). Among these, the Asia-Pacific region is projected to witness prominent growth over the forecast period, owing to the rising demand for pocket photo printers in countries such as China and India; additionally, disposable income is increasing, as is awareness of pocket photo printers.
The North America region is expected to hold a prominent share in the mobile photo printer market, Rapid advancements in portable photo printers, as well as technology and innovations, are attributed to the market's growth. For instance, in 2022, HPRT unveiled the portable photo printer CP2100 and the instant photo printer Z1. These printers offer a range of sizes from 6 inches to 2 inches and support both photo printing and instant photography. HPRT remains at the forefront, continuously developing new technologies and introducing new products. It's remarkable three-level leap from desktop to portable and from single functionality to diversity contributes positively to the development of the domestic photo printer industry.
The major companies serving the global mobile photo printer market include: Bay Photo Inc, Brothers International Pvt., Compress plc, Digitalab Ltd, Fujifilm Holdings Corp, and others. The market players are considerably contributing to market growth through the adoption of various strategies, including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in January 2023, Canon Inc launched the Program TC-20, its first desktop 4-colour pigment ink large format printer with A1+ capability. Keeping in mind the versatile needs of architects today, the sleek and compact TC-20 supports operations from small workspaces or home-bound offices while delivering vibrant, colorful, and quality output for big designs and blueprints.