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Global Microprinting Industry Sales, Revenue, Gross Margin, Market Share by Top Companies

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Market Synopsis

Microprinting Market is expected to grow from USD 541.2 million in 2018 to USD 751.8 million by 2024, at a CAGR of 5.91% during the forecast period.

Microprinting is one of the important technologies that is used to prevent fraudulent activities such as the forging of documents, currencies, and cheques. Microprinting is the printing of characters in extremely fine size which cannot be read with the naked eye. Documents with microprinted characters cannot be copied, as when these characters are printed, they would appear as a series of dots or a solid line. Government organizations use microprinting to avoid counterfeiting. For instance, the United States Department of the Treasury uses microprinting in three areas of its check. The most common application of microprinting is in currency as it requires the highest level of counterfeiting deterrence. Microprinting is also used on miniaturized electronic components, high-end personal care products, and wires and cables which require product traceability.

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The various government standards and regulations for upgrading security for currency and certificates are fueling the growth of the microprinting market. Furthermore, the development of innovative microprinting techniques along with cost-effective technologies has improved its applications in different industry verticals; these factors are expected to boost the growth of the microprinting market.

The substrate type segment has been further segmented into plastic, paper, and metal. The paper segment dominates the microprinting market and is expected to continue its dominance throughout the forecast period. The application segment has been divided into BFSI, government, packaging, healthcare, consumer electronics, education, corporate, defense, and others. The banking and finance sector dominated the microprinting market in 2018 and is expected to contribute a significant revenue share to the market during the forecast period. The government segment is likely to register a high CAGR during the forecast.

Key players

The key players in the microprinting market are identified across all the major regions based on their country of origin, presence across different regions, recent key developments, product diversification, and industry expertise. Some of them are Xerox Corporation (US), Videojet Technologies, Inc. (US), Matica Technologies AG (Germany), Team NiSCA (US), Ricoh Company Ltd. (Japan), Saueressig GmbH Co KG (Germany), Hewlett-Packard Company (US), Brady Corporation (US), Printegra (US), Gallas Label & Decal (US), and Diagramm Halbach GMBH (Germany). These players contribute a major share in the growth of microprinting market.

Apart from the top key players, there are other local and regional players that contribute to the market growth. These include Source Technologies (US), SAFEChecks (US), Domino Printing Sciences PLC (UK), Control Print Ltd. (India), and Data Carte Concepts (Canada).

segmentation

By ink type, the market has been segmented into micro-embossing, special inks, magnetic inks, UV invisible inks, infrared ink marking, and others. The magnetic ink segment is expected to dominate the microprinting market during the forecast period. Its increasing utilization in the banking and finance sector to prevent counterfeiting. The micro-embossing segment is expected to grow at the highest CAGR during the forecast period.

By substrate type, the market has been segmented into plastic, paper, and metal. The paper segment dominates the microprinting market and is expected to continue its dominance throughout the forecast period. This is due to its rising application in currencies and cheques by banks. The plastic segment is expected to grow at a significant pace during the forecast period.

By application, the microprinting market has been segmented into BFSI, government, packaging, healthcare, consumer electronics, education, corporate, defense, and others. The banking and finance sector dominated the microprinting market in 2018 and is expected to contribute a significant revenue share to the market during the forecast period. The government segment is likely to register a high CAGR during the forecast period owing to microprinting application in licenses and identity cards.

Regional analysis

The global market for microprinting is estimated to grow at a significant pace during the forecast period from 2019 to 2024. The geographic analysis of microprinting market has been conducted for North America, Europe, Asia-Pacific, and the rest of the world (including the Middle East, Africa, and Latin America). Among the aforementioned regions, Asia-Pacific is expected to dominate the microprinting market. The wide adoption of microprinting technology in countries such as China, Japan, and India is leading to the growth of the market. Microprinting technology is largely being applied to consumer electronics packaging for printing product information. China being the largest manufacturer and exporter of consumer electronics is creating immense opportunities for the growth of microprinting market. North America is also expected to witness huge demand for microprinting technology owing to the demand from the BFSI and packaging sectors.

TABLE OF CONTENTS

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.3 Research Objectives

2.4 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

Continued…

LIST OF TABLES

Table 1 Global MLCC Market, By Region, 2019–2024

Table 2 North America: MLCC Market, By Country, 2019–2024

Table 3 Europe: MLCC Market, By Country, 2019–2024

Continued…

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LIST OF FIGURES

FIGURE 1 Global MLCC Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis Of Global MLCC Market

Continued…

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