Thermal Printing Market Report, By Technology (Direct Thermal, Thermal Transfer), By Printer (PoS Pointer, Label and Tag Printer, RFID Printer), By End-use Industry (Transportation & Logistics, Retail, Healthcare, Manufacturing, and Others) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa).-

Published In : Jun 2023

Code : CMI3260

Pages :180

Formats :

Excel and PDF

Industry : Semiconductors

Regional Analysis

Global Thermal Printing Market - Regional Analysis

Figure 1. Global Thermal Printing Market Share (%), By Region, 2022

North America accounted for the largest share contributing towards the revenue of the Thermal Printing Market . An increase in R&D by various key companies to launch new innovative products in the market is the key reason for the increased demand. For instance, on October 4, 2021, FUJITSU COMPONENT LIMITED a global business that provides cutting-edge solutions to a wide range of sectors, including the automotive, telecommunications, healthcare, and industrial sectors, specializing in the design and production of electronic components, introduced a 3-inch high-speed thermal printer mechanism. The clients of this printer can easily satisfy their printing needs such as ticketing, labeling, tagging, and other needs. In addition, manufacturing and industrial, retail, transportation, logistics, healthcare, hospitality, and retail are the primary sectors in the region where thermal printers are utilized. There are several key players in the North American region that offer Thermal Printing Solutions. This helps the market for thermal printers in North America grow even more.

Asia Pacific accounted for the second largest share of generating revenue for the market. This is mainly due to the rising technological advancement in developing countries, like China and India. Major companies and BNCs (Multi National Companies) are investing in these countries which is driving the market revenue growth. In addition, high disposable income, rapid industrialization, and rapid expansion of the automotive, medical, and electronics industries is anticipated to boost regional market expansion.