The need to thwart fraudulent activities is predicted to shape the Microprinting Market in 2020. The silicon, wafer and fabrication reports are formed by Market Research Future, which covers market alternatives for progress. A USD 751.8 million income potential, is expected to be displayed with a CAGR of 5.91%.
The counterfeiting of currencies, documents, and cheques are rising at an alarming rate globally, and this is estimated to play out in favour of microprinting industry. The government organizations are implementing the use of microprinting in a major way, and this is predicted to enhance the microprinting market share in the impending period. The intensive use of microprinting in currency is likely further to create scope for further innovation in the microprinting market.
Competitive Analysis
The vital competitors functioning and adding to the progress of the microprinting market are Videojet Technologies, Inc. (US), Hewlett-Packard Company (US), Brady Corporation (US), Domino Printing Sciences PLC (UK), Printegra (US), Gallas Label & Decal (US), Xerox Corporation (US), Matica Technologies AG (Germany), Team NiSCA (US), Ricoh Company Ltd. (Japan), Diagramm Halbach GMBH (Germany). Source Technologies (US), SAFEChecks (US), Control Print Ltd. (India), Saueressig GmbH Co KG (Germany), and Data Carte Concepts (Canada) to name a few.
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Segmental Analysis
The segmental assessment of the microprinting market is conducted on the basis of ink type, substrate type, application and region.
Based on the ink types, the microprinting market has been segmented into special inks, magnetic inks, infrared ink marking, UV invisible inks, micro-embossing, and others.
On the basis of substrate type, the microprinting market has been segmented into paper, plastic, and metal.
The application-based segmentation of the microprinting market comprises of packaging, healthcare, corporate, defense, consumer electronics, BFSI, government, education, and others.
Based on the regions, the microprinting market is segmented into the Middle East, Africa, North America, Europe, Asia Pacific, and Latin America.
Detailed Regional Analysis
The regional scrutiny of microprinting market has been conducted for the Middle East, Africa, North America, Europe, Asia Pacific, and Latin America.
Between the regions profiled, the regional market of the Asia Pacific is projected to govern the microprinting market. The widespread adoption of microprinting technology in nations such as Japan and India is directing to the advance of the microprinting market. The microprinting technology is chiefly being applied to consumer electronics packaging for printing product material. China is the prime producer and supplier of consumer electronics is generating huge prospects for the progress of microprinting market. The North American region is also projected to see upheaval demand for microprinting technology due to the demand from the packaging and BFSI sectors.
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