According to a new report, published by KBV research, The Global Smartphone Photo Printers Market size is expected to reach $31.1 billion by 2031, rising at a market growth of 6.9% CAGR during the forecast period. In the year 2023, the market attained a volume of 2,27,015.9 thousand units, experiencing a growth of 14.0% (2020-2023).
The Ink-Free segment is experiencing a CAGR of 7.5% during (2024 - 2031). The ink-free printers utilize inkless printing technologies, such as ZINK (Zero Ink) or thermal printing. These printers offer a convenient and mess-free alternative to traditional inkjet printers, eliminating the need for ink cartridges or ribbons. The ink-free segment has gained traction among consumers due to instant printing.
The Individual segment is generating the highest revenue share in the Global Smartphone Photo Printers Market, By Application in 2023; thereby, achieving a market value of $21.2 billion by 2031. Individual consumers are a significant segment of this market, as they seek convenient ways to print and share their smartphone-captured memories. The smartphone photo printers market was experiencing growth due to the increasing popularity of mobile photography and the desire for tangible prints of digital images.
The Compact segment would witness a CAGR of 7.3% during (2024 - 2031). The compact printers that are smaller is size but slightly larger than pocket-sized printers. While they may not fit into a pocket as easily as pocket-sized printers, they are still designed to be portable and space-saving, making them suitable for users who prioritize a balance between portability and print quality. Compact smartphone photo printers offer a balance between portability, print quality, and convenience.
The Offline segment is leading the Global Smartphone Photo Printers Market, By Distribution Channel in 2023; thereby, achieving a market value of $19.8 billion by 2031. Offline distribution channels provide consumers with opportunities to experience products firsthand, receive in-person assistance, and make immediate purchases. Offline distribution channels complement online channels by providing consumers with tangible experiences and immediate access to products. They cater to different preferences and shopping habits, allowing consumers to choose the most convenient and suitable purchasing option based on their needs and preferences.
The Bluetooth segment would showcase a CAGR of 7.3% during (2024 - 2031). Bluetooth is a widely supported technology that is compatible with most smartphones, regardless of the operating system. This makes Bluetooth-enabled printers a versatile option for users with different types of smartphones. The Bluetooth offers users a convenient and versatile wireless printing solution, especially suited for portable and on-the-go printing needs.
Full Report: https://www.kbvresearch.com/smartphone-photo-printers-market/
The North America region dominated the Global Smartphone Photo Printers Market, By Region in 2023; thereby, achieving a market value of $11.3 billion by 2031. The Europe region is experiencing a CAGR of 6.8% during (2024 - 2031). Additionally, The Asia Pacific segment would register a CAGR of 7.5% during (2024 - 2031).
By Ink Usage (Volume, Thousand Units, USD Billion, 2020-2031)
By Application (Volume, Thousand Units, USD Billion, 2020-2031)
By Product (Volume, Thousand Units, USD Billion, 2020-2031)
By Distribution Channel (Volume, Thousand Units, USD Billion, 2020-2031)
By Connectivity (Volume, Thousand Units, USD Billion, 2020-2031)
By Geography (Volume, Thousand Units, USD Billion, 2020-2031)
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