MEMS Inkjet Heads Market Size, Share, Growth and Industry Analysis by Type (Continuous Inkjet, and, Random Inkjet) By Application (3D Printing, Packaging Printing, Building Material Printing, Textile Printing, Consumer & Office Printing, and, Others), Regional Insights, and Forecast To 2031

Updated On: 08 April 2024

MEMS Inkjet Heads Market REPORT OVERVIEW

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The global MEMS inkjet heads market size was USD 812 million in 2022 AND market is projected to touch USD 1087.64 million by 2031, exhibiting a CAGR of 3.3% during the forecast period.

MEMS inkjet heads are mainly used for the purpose of printing using inks. These are used in many large-scale industries. The product has a wide scope and is in high demand in the market recently.

There have been several developments and discoveries in this field. These discoveries have given rise to many growth opportunities. Highly advanced inkjet heads are the new and the latest trend in the market. New types of inkjet heads are being launched these days that have various applications in different fields. The newly introduced machines are technologically advance, much more efficient and very accurate. These are very robust and highly durable.

The inkjets are increasingly being adopted as an important component in multifunction printers. These machines incorporate multiple functionalities like faxing, scanning, photocopying, and, printing. the global MEMS inkjet heads have secured network document storage, running custom software and many other good features. This act as the factors driving the market growth.

COVID-19 impact: Decline in Printing Industry Reduced the Market Growth

COVID-19 was one such deadly disease that affected the entire world and all the industries. The inkjet heads industry also became a victim of the pandemic. During COVID-19 there were many restrictions and lockdowns that were imposed. This was one of the major reasons for the decrease in the market share.

These MEMS inkjet heads are directly dependent on the printing and coating industry. The fall of these industries brought down the MEMS inkjet heads market share. The disruption in the supply chain and the unavailability of raw materials was also a crucial reason for the downfall of the market. However, post the pandemic the market recovered quickly and is anticipated to grow well in the upcoming years.

LATEST TRENDS

"Highly Advanced MEMS Inkjet Heads to Increase the Market Growth"

Many creative and innovative changes are being witnessed in the above market recently. New types of inkjet heads are being launched these days that have various applications in different fields. The newly introduced machines are technologically advance, much more efficient and very accurate.

These machines allow easy film loading and easy operation. Apart from that they are also much durable and robust. Also, they are user friendly, budget friendly and very easy to fix.  All of this can be identified as the latest trend that have increased the market share.

MEMS Inkjet Heads Market SEGMENTATION

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• By Type:

The market can be divided on the basis of type into the following segments: Continuous Inkjet, and, Random Inkjet. The continuous inkjet segment is anticipated to dominate the market during the forecast period.

• By Application:

Classification based on application into the following segment: 3D Printing, Packaging Printing, Building Material, Printing, Textile Printing, Consumer & Office Printing, and, Others. The 3D printing segment is predicted to dominate the market during the research period.

DRIVING FACTORS

"Increasing Usage of MEMS Inkjet Heads in Multifunction Printers to Fasten the Market Growth"

The inkjet industry has seen a robust growth and expansion in the recent days especially after the pandemic period. Many reasons have contributed to this expansion. The major factor being the extensive use of these machines for commercial purpose. There has been a rising global demand for these machines recently.

The inkjets are increasingly being adopted as an important component in multifunction printers. These machines incorporate multiple functionalities like faxing, scanning, photocopying, and, printing. This factor has collectively driven the global MEMS inkjet heads market share.

"Growing Demand from the Packaging Industry to Propel Market Growth "

Apart from being used in the printing and coating industry these products also have increasing demand from other industries. This has been one of the major reasons for the growth of the market in the recent years.

One of the other markets that is extensively using this product is the packaging industry. This has increased the demand for the product drastically. Apart from this, the global MEMS inkjet heads have secured network document storage, running custom software and many other good features.  All of these factors are prone to bring vast growth opportunities for the market in the upcoming years.

RESTRAINING FACTOR

"High Cost of Inkjet Heads to Decrease the Market Growth"

These machines are very handy. They can be used very easily. They also help in the printing, coating as well as the packaging industry, however these machines are considered costly.

This can be considered as one of the major restraining factors for the global MEMS inkjet heads market growth. As a result, this product cannot be afforded by everyone, which decreases its demand as well as the market share. The post maintenance cost that is involved is also high and adds on to the overall expense of the product. Apart from this, the growth in the penetration of digital printing machines is also expected to deteriorate the market growth. This can be considered as a major factor restraining the industrial growth of the product.

MEMS Inkjet Heads Market Regional Insights

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"North America to Dominate Market Share in The Upcoming Years"

The region that predominantly dominates the market is North America. It holds the largest market share generating high revenue and profits. After North America Asia Pacific occupies the next position in the market share. North America accounts for more than one-fourth of the market.

Many reasons have contributed to the growth of the market in this region. The most important factor is the industrialization and technological advancement in the region.  The huge investments coming in from the key industry players has also made Asia Pacific the leading market.

Key Industry Players

"Leading Players adopt Acquisition Strategies to Stay Competitive "

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List of Market Players Profiled

• Canon (U.S.
• FUJIFILM (China)
• FUNAI ELECTRIC (China)
• HP Development   Company (U.S.)
• Seiko Epson (Japan)

Report Coverage

The report provides an insight into the industry from both the demand and supply sides. Further, it also gives information on the impact of COVID-19 on the market, the driving and the restraining factors along with the regional insights. Market dynamic forces during the forecast period have also been discussed for the better understanding of the market situations