LONDON--(BUSINESS WIRE)--The global mobile photo printer market size is poised to grow by USD 990.25 million during 2019-2023, according to a new report by Technavio. However, the market is expected to decelerate at a CAGR of over 8% during the forecast period.
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The market is driven by the availability of advanced features in smartphones. In addition, the growing demand for personalized photo products is expected to further boost the growth of the global mobile photo printer market.
Over the last few years, the penetration rate of smartphones has increased at a significant rate globally. With the growing penetration of smartphones, smartphone manufacturers are increasingly innovating to provide advanced features to consumers. As a result, modern smartphones are equipped with high screen resolutions and enhanced optics, which allows users to capture high-definition images. This is increasing the demand for mobile photo printers which can be used to print images from a smartphone.
The increase in the number of occasions to exchange products and the growing popularity of the gifting culture has led to an increased demand for customized photos. Customization of gifts through personalization, configuration, or on-demand printing adds value to general gifts and makes them unique. Thus, consumers are increasingly using mobile photo printers to print photos instantly from smartphones and use them to create customized photo gifts. Thus, the growing demand for personalized photo products will fuel the growth of the market during the forecast period.
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The report includes detailed profiles of the leading companies & prominent vendors of the market:
- Canon Inc.
- FUJIFILM Holdings Corp.
- HP Inc.
- Eastman Kodak Co.
- Polaroid Corp.
Market Segmentation by Distribution Channel:
The mobile photo printer market can be broadly categorized into the following segments:
Key Regions for the Mobile Photo Printer Market:
Featuring a breakdown of region-wise market shares until 2019.
- North America
- South America
Some of the key topics covered in the report include:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market size and forecast
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report
Related Reports on Consumer Discretionary are:
Portable Printer Market – Global Portable Printer Market by application (transportation and logistics, retail, manufacturing, healthcare, and others), technology (thermal, inkjet, and impact), and geography (the Americas, APAC, and EMEA).
POS Printer Market – Global POS Printer Market by product (thermal POS printer and impact POS printer) and geography (APAC, Europe, MEA, North America, and South America).
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