A recent study conducted by Future Market Insights expects the global UV LED printers market to be valued at USD 405 in 2023 and USD 925 million by 2033. From 2023 to 2033, market forecasts indicate the market is expected to expand at a CAGR of 8.6%. With LED UV technology’s drying process, most high-quality printing jobs can now be turned around within 40 minutes and maintain quality without sacrificing speed.
UV LED printing machines prevent ink from sinking into materials and produce much sharper colors. The colors appear more vibrant and brighter, allowing them to provide a better visual experience. As a result, the option of ink set off – the transfer of ink from one sheet to the next has been eliminated. Due to the absence of a sealing coat, the original characteristics are maintained. The machine doesn’t need anti-set off powder spray to print, so there are no blemishes or marks on finished products.
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Compared to traditional printing technology, UV LED printing uses less energy. With instant on/off functionality, CO2 emissions are reduced due to reductions in standby consumption. LED UV printing technology is not limited to a particular application, unlike other print technologies. In addition to newsletters and magazines, it is also ideal for stationery and catalogs. In addition, it can print on a variety of materials and stocks.
Key Takeaways from the Market Study:
- The UV LED printers market is expected to witness an absolute dollar growth of USD 520 million.
- By 2033, UV LED printer revenues in the United States are expected to reach USD 298 million.
- According to forecasts, the large format market is projected to increase by 8.5% CAGR by 2033.
- UV LED printer services are expected to become the dominant technology in North America by 2033, generating a 41.3% market share.
- In the United Kingdom, UV LED printers are forecast to grow at a CAGR of 7.8% by 2033.
- According to forecasts, the UV LED printers market in Japan to grow at a CAGR of 8% between 2023 and 2033.
- The industrial sector is projected to grow at an 8.4% CAGR by 2033.
“Growing innovations and new technologies are expected to grow demand for UV LED printers in the market. Increasing demand for sustainable devices and techniques is expected to drive UV LED printers market demand,” says an analyst at Future Market Insights.
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Key Market Players
- Fujifilm
- Domino Digital Printing
- Agfa Graphics
- HP
- Canon
- EPSON
- KINGT
- MIMAKI
- JHF
- Durst
- EFI
- Techwin
Key Market Developments:
- In March 2023, VMGS (Visual Marketing and Graphic Services) equipped its workshop with a Mimaki UJV55-320 UV LED printer, Kongsberg X24 Edge digital cutting table, and a Graphtec FC 9000-160 cutting plotter from CMYUK. CMYUK has also purchased from Mimaki a Mimaki UCJV150-160 UV LED laser printer with a built-in cutter, which has been used in conjunction with the Mimaki JFX200-2513EX flatbed.
- In May 2023, energy curing steadily gained popularity among printers over the years. The instant cure capabilities were originally provided by ultraviolet (UV) and electron beam (EB) inks. UV and EB inks have become increasingly popular due to their environmental benefits and energy savings, and UV LEDs are one of the fastest-growing segments. A variety of curing options are available with Flint Group’s EkoCure UV LED inks, including standard mercury lamps or UV LEDs. The EkoCure ANCORA F2 food label and packaging solution is also designed with dual-curing technology.
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More Valuable Insights Available:
Future Market Insights offers an unbiased analysis of the global UV LED printers market, providing historical data for 2018 to 2022 and forecast statistics from 2023 to 2033.
To understand opportunities in the UV LED printers market, the market is segmented on the basis of product (small & medium format and large format), and application (industrial, commercial & signage, and others) across five major regions (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa).
UV LED Printers Market Segmentation:
By Product:
- Small & Medium Format
- Large Formats
By Application:
- Industrial
- Commercial & Signage
- Others
By Region:
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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