Global thermal printhead market is expected to grow at a significant CAGR in the
upcoming period as the scope and its applications are rising enormously across
the globe. The thermal printhead is also termed, as direct thermal printing is
a digital printing process the latest technology that produces a printed image
by heating coated thermal paper or thermochromic paper. The heated area of
paper turns black by producing an image. The three major components of the
thermal printhead are spring, a thermal head, and the platen.
The factors that are
playing a major role in the growth of thermal printhead market are the rising
use of latest innovations, outstanding speed and picture quality, the rising
demand from the end-users, and increasing use of enhanced technology. However,
the high cost of raw materials may restrain overall market growth in the years
to come. Thermal printhead market is segmented based on type, product type,
application, and region.
Corner edge, line type,
true edge, and other types could be explored in the thermal printhead in the
forecast period. Thick film and thin film thermal printhead are the product
types that could be explored in the thermal printhead in the forecast period.
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The market may be categorized based on applications like
POS terminals, self-adhesive labels, plotting and recording, barcode/label
aspects, fax machine, ATM, handheld printers, and others could be explored in
the thermal printhead in the forecast period.
Globally, North America accounted for the substantial
market share of thermal printhead and is estimated to lead the overall market
in the years to come. The reason behind the overall market growth could be the
presence of key manufacturers in the region, the rising use of enhanced
technology for the latest innovations, and the rising demand for the thermal
printhead. The United States is a major consumer of the thermal printhead in
this region.
Europe and the Asia Pacific are also estimated to have a
positive influence on future growth. Europe is the second largest region with
significant market share. However, Asia Pacific is estimated to grow at the
highest CAGR in the forecast period. The developing countries like India and
China are the major consumers of the thermal printhead in this region.
The key players of the thermal printhead market are
Shandong Hualing, Toshiba Hokuto Electronics Co, Mitsubishi Electric, AOI
Electronics, Kyocera, Printronix, ROHM, Gulton, and Mitani Micro. These players
are concentrating on inorganic growth to sustain themselves amidst fierce
competition.
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