Connect with us

Technology

Smartphone Photo Printers Market to Reach $37.0 Billion Globally by 2032 at 7.1% CAGR: Allied Market Research

Published

on

The increasing consumer demand for on-the-go, tangible photo printing solutions and the emergence of cost-effective & efficient printing technologies are projected to drive the global smartphone photo printers market’s growth during the forecast period. The North America region is predicted to witness prominent growth by 2032.

WILMINGTON, Delaware, June 5, 2024 /PRNewswire/ — Allied Market Research has recently published a report, titled, “Smartphone Photo Printers Market Size, Share, Competitive Landscape and Trend Analysis Report by Application, by Product, by Distribution Channel, by Connectivity, by Ink Usage : Global Opportunity Analysis and Industry Forecast, 2023-2032.” According to the report, The global smartphone photo printers market was valued at $18.8 billion in 2022, and is projected to reach $37 billion by 2032, growing at a CAGR of 7.1% from 2023 to 2032.

Download Sample Pages of Research Overview: https://www.alliedmarketresearch.com/request-sample/A296252 

Prime Determinants of Growth

The rising consumer demand for on-the-go, tangible photo printing solutions, growing popularity of social media platforms, and the increasing demand for mobile printers in warehouse operations are the factors expected to drive the growth of the global smartphone photo printers market in the forecast period from 2023 to 2032. However, the high cost of ink cartridges and the rising dominance of digital photo sharing may hamper the market growth in the coming future. On the contrary, the advancements in cost-effective & efficient printing technologies and the growing demand for advanced tablets & smartphones are expected to offer remunerative opportunities for the expansion of the smartphone photo printers market during the forecast period.

Report Coverage & Details:

Report Coverage

Details

Forecast Period

2023–2032

Base Year

2022

Market Size in 2022

$18.8 billion

Market Size in 2032

$37 billion

CAGR

7.1 %

No. of Pages in Report

310

Segments covered

Ink Usage, Product, Application, Distribution Channel, Connectivity, and Region

Drivers

Rising consumer demand for on-the-go, tangible photo printing solutions

Increasing demand for mobile printers in warehouse operations

Growing popularity of social networking platforms

Opportunities

Emergence of cost-effective & efficient printing technologies

Robust demand for advanced tablets and smartphones

Restraints

High costs of ink cartridges

Ink Usage: Ink-based Sub-segment to Witness Significant Growth by 2032

The ink-based sub-segment accounted for the largest global smartphone photo printers market share of 62.3% in 2022 and is expected to hold major share by 2032. This is mainly because innovations in inkjet technology have significantly contributed to the growth by enabling high-quality prints with vivid colors and intricate details, meeting the demands of consumers for superior print quality. Besides, ink-based printers offer versatility in photo paper compatibility, providing users with a broader range of options and enhancing their appeal. Further, the cost-effectiveness of ink-based printing makes these printers accessible to a wider consumer base, ensuring sustained market growth.

Procure Complete Report (310 Pages PDF with Insights, Charts, Tables, and Figures): https://bit.ly/3VC2jNb

Product: Compact Sub-segment to be Most Dominant During the Forecast Period

The compact sub-segment accounted for the largest market share of 50.1% in 2022 and is expected to hold its dominant position by 2032. This sub-segment is predicted to grow at the highest CAGR of 8.2% during the forecast period. This is mainly owing to the increasing popularity of smartphone photography and the rising demand for rapid smartphone printing solutions. Besides, technological advancements have resulted in the creation of pocket-sized photo printers that are lightweight, tiny, and of excellent quality. Moreover, the usage of sustainable and eco-friendly materials, as well as the incorporation of AR technologies is driving the sub-segment’s growth.

Application: Individual Sub-segment Dominated in 2022

The individual sub-segment accounted for the largest global smartphone photo printers market share of 56.2% in 2022 and is expected to witness significant growth during the forecast period. One of the primary reasons for this dominance is the strong desire among individuals for personalized and tangible memories, making compact printers appealing for on-the-go photo prints. In addition, the convenience of transforming digital images into physical prints resonates strongly with technology users seeking immediate ways to share and preserve their digital photos, driving the demand within the individual sub-segment.

Distribution Channel: Offline Sub-segment to Hold Maximum Share by 2032

The offline sub-segment accounted for the largest market share of 60.2% in 2022 and is expected to continue to dominate in terms of market share during the forecast period. The offline distribution channel plays a pivotal role in driving market growth by offering a tangible and attractive shopping experience, allowing customers to interact hands-on with products. In addition, the offline sub-segment addresses the preferences of customers who seek a personalized and direct purchasing approach, contributing significantly to market growth and highlighting the enduring significance of physical retail presence in the smartphone photo printer industry.

Connectivity: Wi-Fi Sub-segment to Flourish Immensely During the Forecast Period

The Wi-Fi sub-segment accounted for the largest market share of 43.1% in 2022 and grow at the highest CAGR of 8.3% during the forecast period. This dominance is mainly because Wi-Fi enabled printers offer unparalleled convenience by providing wireless connectivity, eliminating the need for cables. Besides, seamless communication with smartphones and tablets enhances the on-the-go printing experience, catering to users’ increasing demand for hassle-free solutions. Furthermore, the Wi-Fi’s adaptability across various devices ensures a broader user base can effortlessly print photos directly from their mobile devices, driving market accessibility and expansion.

Region: North America Market to Hold Major Market Share by 2032

The smartphone photo printers market in the North America region accounted for the largest share of 40.6% in 2022 and is predicted to continue to hold major market share by 2032. This growth is mainly owing to the region’s high smartphone penetration rate and tech-savvy consumer base, which boosts the demand for on-the-go photo printing solutions. In addition, advancements in printing technologies and the integration of wireless connectivity cater to the preferences of North American consumers, making smartphone photo printers increasingly popular.

Want to Access the Statistical Data and Graphs, Key Players’ Strategies: https://www.alliedmarketresearch.com/purchase-enquiry/A296252 

Leading Players in the Smartphone Photo Printers Market:

LG ElectronicsFUJIFILM Holdings CorporationPolaroid CorporationSeiko Epson CorporationEastman Kodak CompanyBrother International CorporationSony CorporationCanon Inc.The Hewlett-Packard CompanyHiTi Digital, Inc.

The report provides a detailed analysis of the key players of the global smartphone photo printers market. These players have adopted different strategies, such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain their dominance in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Similar Reports We Have on Consumer Goods Industry:

Wireless Mobile Photo Printer Market Opportunity Analysis and Industry Forecast, 2023-2032Photo Merchandising Market Opportunity Analysis and Industry Forecast, 2023-2032Instant Camera’s Consumable (photo film and photo paper) Market Opportunity Analysis and Industry Forecast, 2023-2032Professional Printers Market Opportunity Analysis and Industry Forecast, 2023-2032Nail Art Printer Market Opportunity Analysis and Industry Forecast, 2023-2032

About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
United States
1209 Orange Street,
Corporation Trust Center,
Wilmington, New Castle,
Delaware 19801 USA.
Int’l: +1-503-894-6022
Toll Free: +1-800-792-5285
Fax: +1-800-792-5285
help@alliedmarketresearch.com
Web: www.alliedmarketresearch.com
Allied Market Research Blog: https://blog.alliedmarketresearch.com 
Follow Us on | Facebook | LinkedIn | YouTube |

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg

 

View original content:https://www.prnewswire.com/news-releases/smartphone-photo-printers-market-to-reach-37-0-billion-globally-by-2032-at-7-1-cagr-allied-market-research-302164478.html

SOURCE Allied Market Research

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

MEMS Drive: Paving the Way for Super-High Image Resolution

Published

on

By

TAIPEI, Dec. 26, 2024 /PRNewswire/ — Fabless chip firm MEMS Drive Hong Kong Ltd manufactures cutting-edge MEMS actuators targeted at mobile imaging in portable electronics. The company uses its proprietary MEMS design and process to allow CMOS sensors to achieve swift and precise ‘SensorShift’ and is the first semiconductor company to implement 5-axis stabilization in mobile cameras.

“With edge computing capabilities steadily advancing, MEMS Drive utilizes precise movement matching algorithms and artificial intelligence [AI] to derive multiple image-enhancing features besides just stabilization, such as super-resolution and improving identification capabilities,” says Colin Kwan, CEO and President of MEMS Drive during an interview with EE Times Asia. “MEMS SensorShift-driven image sensors overturn traditional voice coil motors [VCMs], and could be applied to mobile phones, sports cameras, wearable tech, surveillance, autonomous vehicles, robotic vision and other products, bringing unlimited possibilities to the future of imaging systems.”

It is for these reasons that the company won an Innovation Award and Best Sensor of the Year award for its piezo technology-enabled autofocus actuator and optical image stabilizer (OIS) actuator at EE Awards Asia 2024. Now in its fourth year, EE Awards Asia honors some of the best products, companies, and leaders making a difference every day in Asia’s electronics industry.

The MEMS autofocus (AF) actuator is a piezoelectric multi-morphic thin film actuator that can move at Z-axis and tip-tilt directions to achieve a 3-axis compensation. The MEMS devices are designed to be based on standard silicon fabrication processes, thereby enabling good scalability and ease of handling, testing, and packaging.

According to Colin, this sensor-based technology offers multiple advantages. “It provides 3-axis image adjustments as compared to 1-axis counterparts on lens-based AF systems; it also moves three times faster and 10 times more precise by detecting positions of less than a pixel, compared to 3-5µm on lens-based AF,” he explains. “And finally, by not using a motor to move the lens around, it consumes up to 50 times less power and avoids heating problems that could affect the image’s quality.”

Meanwhile, its OIS, known as SensorShift, is said to be the world’s smallest MEMS OIS actuator. It provides a 5-axis OIS solution to improve clarity and achieve stable and precise image.

“All vibrations in pitch, yaw, roll, translational X, and translational Y can be compensated with a single MEMS chip,” says Colin. “Due to its high precision and fast response in active movement, we can achieve another application called super resolution. By shifting the imager 1 pixel or half a pixel in different directions, capturing the image at each position, and then merging and processing those images, we can get a 4X or even higher-resolution image.”

Colin notes that compared to traditional lens-based OIS, MEMS Drive’s MEMS OIS is a sensor shift solution that provides superior stabilization performance with multiple advantages, including a 10ms fast response, just 4mW of power consumption, sub-pixel precision, and high image resolution in low light and video without blur.

“Powered by our patented electrical conductive flexure [ECF] technology, the MEMS Drive actuator provides consistent, durable performance,” says Colin. “With over 2.5 billion test cycles completed in continuous operation, these innovations are crucial for ensuring the highest standards in automotive applications and safety.”

MEMS Drive’s technology is suitable for smartphones, automotive, wearable technologies such as AR/VR camera systems, sports cameras, smart city applications, and robotic vision.

In this video interview, Colin also talks about his outlook for the semiconductor and electronics manufacturing industry over the next year, upcoming challenges amid the increasingly complex designs and architectures, and the new opportunities in the market.

For more information about MEMS Drive Hong Kong Limited and its innovative solutions, please visit: memsdrive.com
Youtube / Bilibili : MEMSDrive
LinkedIn: MEMS Drive

View original content to download multimedia:https://www.prnewswire.com/news-releases/mems-drive-paving-the-way-for-super-high-image-resolution-302338882.html

SOURCE EE Times Asia

Continue Reading

Technology

Nodepay Raises $7M Total Funding To Power AI Growth with Real-Time Data Infrastructure

Published

on

By

SINGAPORE, Dec. 27, 2024 /PRNewswire/ — Nodepay, a decentralized AI platform transforming unused internet bandwidth into real-time data pipelines for AI training, today announced it has raised a second round of funding, bringing its total to $7 million.

The latest funding round welcomed new strategic investors IDG Capital ($23 Billion AUM), Mythos, Elevate Ventures, IBC, Optic Capital, Funders.VC, Matthew Tan (Etherscan founder) and Yusho Liu (CoinHako Co-founder & CEO) as notable angels. They join an impressive roster of previous backers that includes Animoca Brands, Mirana, OKX Ventures, JUMP Crypto, Tokenbay Capital and more.

Nodepay’s network taps into a global community of users running privacy-protected nodes. By sharing their spare internet bandwidth, these participants earn rewards for creating a real-time data source that improves AI inference with accurate, timely information—an approach known as Retrieval Augmented Generation (RAG).

Darren Nguyen, co-founder of Nodepay commented: “Our mission is to develop solutions that create tangible value for both AI developers and its end users. We give contributors a share in the AI ecosystem they help fundamentally build.”

Nodepay’s infrastructure platform integrates real-time data retrieval, a Web3-focused decentralized answer engine, reinforcement learning for more accurate model output, and gamified human verification. Together, these components combine to create a fair, collaborative, and innovative AI ecosystem.

Eric Le, investment director of IDG Capital, said, “The team at Nodepay is democratizing the AI economy by providing a platform that allows users to share directly in the value they create. We’re proud to support their vision of making AI more accessible and beneficial to all.”

With this funding, Nodepay will continue to commercialize its infrastructure to benefit both its community and partner AI labs. As it prepares to launch on Solana, Nodepay stands ready to lead the next era of decentralized AI development and training.

Already serving over 1.5 million active users worldwide, Nodepay continues to expand its reach, solidifying its role as a leader in the integration of AI and blockchain technology. Users can expect further updates and new announcements through their social channels and official website.

About Nodepay
Nodepay is a decentralized AI platform dedicated to democratizing AI training through real-time data retrieval. By turning idle internet bandwidth into a valuable resource, Nodepay fuels the next generation of AI models and stands at the forefront of AI decentralization.

Photo – https://mma.prnewswire.com/media/2587832/7M_Raised_Funds.jpg

Logo – https://mma.prnewswire.com/media/2587833/1080x1080_Black___Nodepay_2_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/nodepay-raises-7m-total-funding-to-power-ai-growth-with-real-time-data-infrastructure-302339478.html

Continue Reading

Technology

Plume Network Partners with Maseer to Tokenize $200M of Carbon Allowances

Published

on

By

NEW YORK, Dec. 26, 2024 /PRNewswire/ — Plume Network is proud to announce a strategic partnership with Maseer, an Abu Dhabi based tokenization platform, to bring $200M in Carbon Allowances exclusively on-chain to Plume. Built on Plume’s Real-World Asset Finance (RWAfi) ecosystem, Maseer will offer a tokenized solution to one of the fastest-growing alternative asset classes: compliance carbon.

Empowering Climate Action Through Compliance Carbon Tokenization

Compliance carbon has been one of the fastest growing alternative asset classes given increased regulatory and business scrutiny on emissions. The S&P Global Carbon Credit Index, which tracks the most liquid segment of the tradable carbon credit futures markets, has seen a 15.68% annualized return over the past five years. The value of these markets reached nearly one trillion USD in 2023.

The partnership with Plume Network allows Maseer to bring fully collateralized carbon products on-chain, where they will be fully compatible with Web3’s potent DeFi sector. DeFi integration vastly enhances compliance carbon markets with superior liquidity solutions and greater access to a global body of investors, broader market demand, and new yield sources.

“We are excited to partner with Plume to bring carbon allowances on chain. Plume is uniquely positioned to bring this vision to fruition because they are the only chain purpose built for RWAs. They’ve raised the bar with their tokenization engine, infrastructure tooling, and ecosystem network effects. We believe Plume is on the bleeding edge of on-chain adoption of RWAs,” said Bradley Allgood, CEO of Maseer.

“Energy transition is an asset category that we have been increasingly focused on at Plume because of growing demand for climate action, both from a government and corporate sustainability perspective. Volumes for the global carbon credit market are forecasted to grow at a 39% CAGR from 2024 to 2033,” said Teddy Pornprinya, Chief Business Officer and Co-Founder at Plume Network.

What are carbon allowances?

Compliance carbon allowances trade under cap-and-trade programs known as Emissions Trading Systems (ETS). These systems create transparent, liquid markets that are government-mandated and regulated. As of April 1, 2024, approximately 18 percent of global greenhouse gas emissions are covered by emissions trading systems (ETS). Carbon allowances are distinct from project-based carbon offsets and offer a market-based approach to regulating a region’s emissions, with mandatory participation for specified industries. Carbon allowance supply is managed by government agencies and adjusted primarily through an annually declining cap. 

About Plume
Plume is the first fully integrated L1 modular blockchain focused on RWAfi, offering a composable, EVM-compatible environment for onboarding and managing diverse real-world assets. With 180+ projects on its private devnet, Plume provides an end-to-end tokenization engine and a network of financial infrastructure partners, simplifying asset onboarding and enabling seamless DeFi integration for RWAs. Learn more at https://www.plumenetwork.xyz/ or contact press@plumenetwork.xyz

About Maseer
Maseer operates out of Abu Dhabi Global Market (ADGM), the world’s leading Special Economic Zone (SEZ) for digital asset innovation. Maseer is led by Tokenization and Free Zone Veteran Bradley Allgood and is focused on the design of bringing real world assets on chain to be fully interoperable with DeFi. Maseer has developed strategic relationships with Sovereign Nations and Large Enterprises to identify the highest quality real world assets around the world.

View original content to download multimedia:https://www.prnewswire.com/news-releases/plume-network-partners-with-maseer-to-tokenize-200m-of-carbon-allowances-302339461.html

SOURCE Plume Network

Continue Reading

Trending