Increasing adoption of ID cards in manufacturing sector leading to the growth of global ID card printers market

Increasing adoption of ID cards in manufacturing sector leading to the growth of global ID card printers market

Growth in the manufacturing sector is slowing down compared to the boom after the 2008 economic crisis; nevertheless, it is still growing steadily, albeit at a slower pace. Automation and streamlining of manufacturing processes are being adopted by a large number of manufacturing companies worldwide to reduce time and material wastage, thereby improving efficiency and output. The growth of the manufacturing industry is expected to rise, as there is a need for more advanced products and goods every day. The growth of the manufacturing sector in the global market is expected to create significant opportunities for the ID card printers over the forecast period. Additionally, the fabrication and manufacturing industry is estimated to witness a healthy CAGR over the forecast period and this in turn will propel the growth of the ID card printers market.

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ID cards with superior quality to support the growth of ID card printers

Retailers in the global market are pushing for bringing about better point of sale and printing experience in an effort to speed up the entire manufacturing process. This has resulted in ID card printer manufacturers to move towards thermal printing solutions in the global market. A dynamic shift has been observed in the purchasing pattern of consumers in the global market, and they have been observed to incline towards end users providing high level of customer satisfaction. Hence, large scale end use industries are focused towards updating their ID cards for their employees with the latest as well as cost effective products available in the market.

Low compatibility with different operating systems may hamper market growth

ID card printers are programed to operate on few user interface applications such as Windows and Linux; therefore, when an ID card printer is connected to a computer system that runs on these operating systems or any other operating system compatible with it, it functions smoothly. However, currently, with the number of computer operating systems increasing significantly, computer terminals adopted in various domains have different operating systems based on ease of usage and tasks necessary for the computer to carry out. This factor could prove to be a roadblock to growth of the ID card printers market because these are built and programed to be compatible with few operating systems owing to limitations of the memory system and programmable logic controllers inherent in such printers.

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Global ID card printers market analysis and forecast, by technology

As per the forecasts provided by Persistent Market Research, the direct-to-direct card printer segment in the technology category was estimated to be valued nearly US$ 1,750 Mn in 2017 and is anticipated to touch a valuation of nearly US$ 2,800 Mn in 2025, reflecting a CAGR of 6.1% during the period of assessment 2017-2025. The rewriteable segment in the technology category was estimated to be valued at nearly US$ 660 Mn in 2017 and is forecasted to reach a valuation of nearly US$ 950 Mn in 2025, displaying a CAGR of 4.5% during the period of forecast.

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