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Mobile Photo Printer Market Set to Surge Significantly During 2021-2031
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Companies are heavily investing in R&D to launch an exclusive collection of mobile photo printers under different brands. Manufacturers are expanding their product lines to meet the increasing demand for mobile photo printers. Moreover, strong product innovation among manufacturers with newer features in mobile photo printers is expected to boost the market during the forecast period.
Mobile Photo Printer Market: Key Segments
In terms of product, pocket photo printer is expected to hold major share during the forecast period. Pocket photo printers are lightweight, easy to carry, enable easy refilling with photo paper cartridges, offer excellent quality photos, and stylish. All these features are expected to increase the demand for pocket photo printers during the forecast period.
Based on connectivity, the wireless segment is expected to hold significant market share and expand at the fastest rate as compared to the wired segment during the forecast period. Wireless connectivity technologies such as Wi-Fi, Bluetooth, and NFC offer various advantages such as mobility, easy installation, less cost, and user support.
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In term of ink usage, the ink-based segment is likely to hold major market share in 2020. Moreover, the segment is likely to witness slower growth rate during the forecast period. Increasing demand for instant print images and advancements in next-generation technologies are anticipated to drive the ink-free segment during the forecast period.
In terms of print output, the color segment is projected to dominate the market. The scope of the label color printer market is expanding rapidly due to the growing usage of labels in various end-use industries.
Based on price range, companies are working on developing high quality products at a comparative lower cost to improve the market demand. The medium priced product segment is estimated to hold larger market share.
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In terms of application, the individual segment accounts for a significant share and is estimated to maintain its position during the forecast period. High standards of living is a key factor accelerating the growth of the mobile photo printer market during the forecast period. In addition, the expansion of the tourism industry has led to an increase in usage of instant cameras.
Online distribution channel is likely to be the most attractive segment of the mobile photo printer market during the forecast period due to the rising preference for online shopping.
Mobile Photo Printer Market: Prominent Regions
North America is anticipated to hold a major market share, followed by Europe. This is due to preference for premium brands by the population of these regions. The market in Asia Pacific is expected to grow at the fastest rate during the forecast period, due to the increasing penetration of smartphones and other devices. In addition, changing lifestyle as a result of the rise in disposable income is driving the market in the region.
As compared to other regions, the market in Middle East & Africa and South America is projected to witness slower growth during the forecast period.
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Mobile Photo Printer Market: Key Players
Key players operating in the global mobile photo printer market are Brother International LTD, Canon Inc., Fujifilm Holdings Corporation, HiTi Digital, Inc., LG Electronics Inc., Polaroid Corporation, The Eastman Kodak Company, The Hewlett-Packard Company, Seiko Epson Corporation, Sony Corporation, Samsung Electronics Ltd, and others.
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