Development Status Of Global Thermal Printers

- Jan 08, 2020-

Development Status Of Global Thermal Printers In 2019: Electronic Payment Provides A New Market Space For Thermal Printing [Figure]

I. Overview of Thermal Printer Products

    (1) Working principle
    The working principle of a thermal printer is that a semiconductor heating element is installed on the print head. After the print head is heated and contacts the thermal printing paper, it can print the required pattern. The principle is similar to that of a thermal fax machine. The image is generated by heating and generating a chemical reaction in the film.
    This thermal printer chemical reaction is carried out at a certain temperature. High temperatures can accelerate this chemical reaction. When the temperature is lower than 60 ° C, it takes a long time for the paper to become dark, and when the temperature is 200 ° C, the reaction is completed in a few microseconds.

    (2) Development history
    Since the 1970s, various non-impact printing technologies such as laser, inkjet, and thermal printing have gradually appeared and gradually matured. The thermal recording method of the print head was first widely used in facsimile machines in the 1980s. Since then, thermal printer heads have quickly spread.
    After more than 40 years of development, the thermal print head technology has become increasingly mature. Thermal printing uses different physical and chemical methods to print characters, and is known for its low noise, fast printing, and high-quality output. With these advantages, thermal print heads are beginning to be widely used in various application fields of printers.

2. Development Status of Global Thermal Printer Industry

    With the increase of electronic informationization and automation, and the development of barcode recognition technology, the application range of thermal printers is also expanding. It has quickly changed documents from traditional office and home fax documents to commercial retail, industrial manufacturing, transportation, Expansion of emerging professional application areas such as logistics, finance, lottery and medical.
    The growth areas of thermal printers come from the growth of the global mPOS market and the payment terminal market, as well as the global financial POS, e-commerce logistics, and smartphone-related color photo printing markets.
    The global thermal printing market size (including printers and related consumables) increased from US $ 32.8 billion in 2014 to US $ 39.3 billion in 2018. It is expected that the global thermal printer market size will increase to US $ 40.9 billion in 2019 with a compound annual growth rate of 4.3 %.

Global thermal printer (including related consumables) market size, 2014-201920191219132346xscd_m

     According to the data from "Analysis of the Competitive Landscape of the Chinese Thermal Printer Industry and Investment Potential Research Report 2020-2026" released by Zhiyan Consulting, the single market size of thermal printers is expected to increase from USD 8.1 billion in 2014 to USD 9.4 billion in 2018 It is expected to increase to USD 9.6 billion in 2019, with a compound annual growth rate of 3.4%.

    Among them, the Asia-Pacific region is the world's largest thermal printing market. The market size in 2014 was approximately 11.3 billion U.S. dollars, accounting for 34% of the global share. It is estimated that by 2019, the global market share will reach 36.5%, with a compound annual growth rate of 5.6% , Higher than the global average growth rate, will still maintain the number one position in the world.

Single-scale statistics of global thermal printers, 2014-2019201912191323465ne1_m

3.the global thermal printer core product market

    In recent years, the Chinese market is still the fastest growing region with the largest growth potential for thermal printers. The informationization of various industries continues to improve and develop, and the requirements for work efficiency in various fields continue to increase. The high speed, high quality, low power consumption, high reliability, and environmental protection of thermal print heads have become the future trend.

4.Problems and trends facing the development of the global thermal printer industry

     In overseas markets, the introduction of electronic payment in India's banknote reform has brought about a surge in demand for financial payment equipment. It is expected that strong demand for millions of units will be maintained in the next few years. Russia's implementation of financial tax control reforms requires the replacement of new tax control equipment to drive Demand; With the application of smart phones, the demand for color photo printing represented by ZINK doubled in 2017 compared to the same period last year. The main models in this field are in the European, American, Japanese, and Korean markets and are expected to continue to grow rapidly.


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