What is Global ID Card& Credit Card Printers Market?
The Global ID Card & Credit Card Printers Market is a sector that focuses on the production and distribution of printers specifically designed for printing ID cards and credit cards. These printers are not your everyday household printers; they are specialized devices that have the capability to print on plastic cards. The market encompasses various manufacturers, distributors, and service providers who cater to the demand for these printers worldwide. The need for these printers is prevalent in various sectors such as banking, corporate, government, and educational institutions, among others. The market's value is determined by the demand for these printers, the technology they use, their efficiency, and their cost. The global market for these printers is continually evolving, with manufacturers striving to innovate and produce more efficient and cost-effective printers.
Dye Sub Printers, Inkjet Printers, Retransfer Printers in the Global ID Card& Credit Card Printers Market:
Dye Sub Printers, Inkjet Printers, and Retransfer Printers are the three main types of printers used in the Global ID Card & Credit Card Printers Market. Dye Sub Printers, also known as dye-sublimation printers, use a printing process that utilizes heat to transfer dye onto materials such as a plastic card. This type of printer is known for its ability to produce high-quality images with excellent color depth. Inkjet Printers, on the other hand, use a type of computer printing that recreates a digital image by propelling droplets of ink onto plastic cards. These printers are popular for their affordability and versatility. Lastly, Retransfer Printers are a type of card printer that prints images onto a film that is then thermally bonded to the card. This printing method allows for full-color, over-the-edge printing, and high-quality images. Each of these printers has its own set of advantages and is used based on the specific requirements of the job.
Enterprise, School, Government, Commercial in the Global ID Card& Credit Card Printers Market:
The Global ID Card & Credit Card Printers Market finds its usage in various areas such as Enterprises, Schools, Government, and Commercial sectors. Enterprises use these printers for creating employee ID cards, access cards, and visitor badges. Schools use them for printing student and staff ID cards, library cards, and even meal cards. Government agencies use these printers for creating various types of identification cards, driving licenses, and more. The commercial sector uses these printers for printing credit and debit cards, gift cards, loyalty cards, and membership cards. The usage of these printers in these sectors not only provides a secure and efficient way of identification but also helps in streamlining various processes.
Global ID Card& Credit Card Printers Market Outlook:
Looking at the market outlook for the Global ID Card & Credit Card Printers Market, it was valued at US$ 807 million in 2023. The market is expected to grow and reach a value of US$ 977.9 million by 2030. This growth is expected to occur at a Compound Annual Growth Rate (CAGR) of 2.7% during the forecast period from 2024 to 2030. This growth can be attributed to the increasing demand for these printers in various sectors and the continuous technological advancements in this field. The market's growth is also influenced by factors such as the increasing need for secure identification methods and the growing trend of cashless transactions.
| Report Metric | Details |
| Report Name | ID Card& Credit Card Printers Market |
| Accounted market size in 2023 | US$ 807 million |
| Forecasted market size in 2030 | US$ 977.9 million |
| CAGR | 2.7% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Production by Region |
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| Consumption by Region |
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| By Company | Zebra, Entrust Datacard, HID Global, Evolis, Nisca, NBS Technologies, Magicard, Swiftcolor, Matica Technologies |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
