The ID card printers market is poised for significant growth during the forecast period, driven by several key factors. Industries like banking, healthcare, education, and government are increasingly adopting ID card printers for staff identity, access control, and student identification, which is boosting market expansion.
Advancements in card printing technology play a crucial role in driving the market. Manufacturers are investing in plug-and-play drivers, enhancing usability and system compatibility for easy operation and integration within existing infrastructure.
The entry of new startups into the ID printing sector brings innovation and healthy competition, leading to further technological advancements and overall market growth.
Manufacturers are responding to consumer demands by developing lightweight, compact ID card printers suited for placement in office cabinets, catering to corporate, educational, and healthcare sectors. This opens up new business opportunities and expands the customer base.
To meet the demand for cutting-edge technology and user-friendly features, manufacturers are incorporating integrated notification systems and intuitive software for customization. These customer-centric features contribute to increased sales.
Furthermore, manufacturers are offering warranties with their products, providing reassurance and driving sales by boosting customer confidence in the reliability and durability of the printers.
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Key Takeaways from ID Card Printers Market
- Based on the product, the double-sided card printers segment is projected to expand 1.5 times the current market value during 2023-2033.
- By technology, the direct-to-card/dye sublimation technology segment is projected to register a CAGR of 4.4% during the forecast period.
- Based on end-user, government institutions and educational institutions segments collectively are estimated to hold around 61% of the market value share by the end of 2023.
- Currently, the U.S. holds around 75% share of the North America ID card printers market.
- China’s ID card printers market is projected to grow 1.7 times the current market value during the forecast period
- Top 5 companies held around 20-25% of the global ID card printers market in 2022.
“One can save time and money by using a direct-to-card printer that can create edge-to-edge color & complete cards in one printing procedure. Manufacturers are improving their quality by utilizing new technologies to suit consumer expectations to provide customers with trustworthy and flexible printing solutions” – Says an FMI analyst.
Government Institutions Creating a Lucrative Demand for the ID Card Printers
Government institutions as end users create a huge demand for ID card printers because they need to produce secure, high-quality ID cards for their employees and citizens. ID cards are used for a variety of purposes, such as access control, time and attendance tracking, and secure identification for government services.
By investing in high-quality ID card printers, government institutions can produce reliable and secure ID cards for their employees and citizens. Governments are aiming to issue unique identification cards and unique identification numbers to their citizens. In providing high-security ID cards, the resolution of a card is very important. An identity card should have a very high resolution so that it can be verified physically. Now the cards are available in 600 dpi, with an eco-friendly nature ID card personalization solution that includes the manufacturer’s “waste-less” lamination technology that significantly lowers card issuance costs.
Innovative waste-less lamination technology completely eliminates traditional carrier-film waste, offering a 40 percent savings in consumables costs. Overall, the issue of unique ID cards for the population by the government authority propels the demand for ID card printers.
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Who is Winning?
Key players operating in the global ID card printers market are Zebra Technologies Corporation, Evolis, HP Development Company, HID Global Corporation, Entrust Corporation, Kanematsu USA Inc. (Nisca & Swiftcolour), and Canon Inc. Also, some of the other noticeable players in the market include CIM USA, Magicard NEO, Seiko Epson Corporation, IDP Corp, DASCOM Americas Corporation, Matica Technologies AG, and others.
Market Benefits
- The study provides an in-depth analysis of the global ID card printers market along with the current trends and future estimations to elucidate the imminent investment pockets.
- The key market players along with their strategies are thoroughly analyzed to understand the competitive outlook of the industry.
- An extensive analysis of the market based on application assists in understanding the trends in the industry.
The report presents a quantitative analysis of the market from 2023 to 2033 to enable stakeholders to capitalize on the prevailing market opportunities.
ID Card Printers Industry by Category
By Product:
- Single-sided Card Printers
- Double-sided Card Printers
- High-performance Card Printers
- Standard Card Printers
By Technology:
- Reverse transfer
- Direct-to-Card/Dye sublimation
- Rewritable
- Encoding
By Sales Channel:
- Offline
- Online
By End User:
- Industrial/Manufacturing
- Banking
- Healthcare
- Government Institutions
- Educational Institutions
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Middle East and Africa (MEA)
- Oceania
About FMI
Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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