The global ID card printers market is expected to grow from US$ 116.9 Mn in 2023 to US$ 176.4 Mn by 2033. Overall demand for automatic printers is anticipated to rise at 4.2% CAGR between 2023 and 2033.
The integration of ID card printers has empowered end-use industries to diminish reliance on external printing agencies, granting them complete control over the design and production of ID cards, badges, and related printed materials. These printers offer user-friendly interfaces, making them accessible for various applications, and provide a seamless solution for producing high-quality cards and badges in-house. The convenience and autonomy afforded by ID card printers contribute to enhanced operational efficiency and a more streamlined approach to identity card management within diverse sectors.
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Manufacturers in the ID card printers industry are making investments in technologies that allow machines to have plug-and-play drivers. Additionally, a number of startups are entering the ID printing sector, which is promoting market expansion.
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Growing application of ID card printers across industrial, banking, educational institutions, healthcare, and banking sectors along with increasing demand for unique ID cards and continuous advancements in card printing technology is a key factor driving the global market forward.
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.
Key Takeaways from ID Card Printers Market
- Based on product, the double-sided card printers segment is projected to expand 1.5 times the current market value during 2023-2033.
- By technology, 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.
Key Players:
- Zebra Technologies Corporation
- Evolis
- HP Development Company
- HID Global Corporation
- Entrust Corporation
- Kanematsu USA Inc. (Nisca & Swiftcolour)
- CIM USA
- Magicard NEO
- Seiko Epson Corporation
- IDP Corp
- DASCOM Americas Corporation
- Canon Inc.
- ID Tech Solutions Pvt. Ltd.
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Market Segmentation:
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
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