The market for digital phase shifters is anticipated to reach US$ 9.8 Bn by the end of 2028, growing quickly between 2022 and 2028 at a CAGR of 65.4 percent.
| Market Statistics | Details |
| H1,2021 (A) | 26.5% |
| H1,2022 Projected (P) | 26.8% |
| H1,2022 Outlook (O) | 25.0% |
| BPS Change : H1,2022 (O) – H1,2022 (P) | (-) 180 ↓ |
| BPS Change : H1,2022 (O) – H1,2021 (A) | (-) 150 ↓ |
A major factor that is anticipated to fuel the growth of the global market for digital phase shifters over the coming years is the bolstering demand for these devices across a variety of end-use industries, including telecommunication, aerospace and defence, weather forecast, mobile, mobile broadband, Internet, satellite, and fixed broadband.
In addition, over the following ten years, market growth is anticipated to be boosted by ongoing developments in information technology.
The latest trends in the photo printing and merchandise market include Ecommerce companies focusing on offering online photo printing services and a majority of manufacturers focusing on introducing photo printing kiosk with enhanced connectivity features. While these trends are likely to uplift the market scenario slightly, the overall growth of the photo printing and merchandise market will reportedly remain sluggish throughout the projection period.
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Photo printing currently accounts for a major share of the total market revenue, owing to continued popularity of printed photographs among consumers. However, it is most likely that the photo printing segment will lose its market share to merchandise printing, predominantly attributed to bolstering demand for merchandise printing products such as mugs, pillows, cushions, photo books, and others. By the end of 2028, the revenue contribution through merchandise printing to the global photo printing and merchandise market value is anticipated to reach around 25%. The report projects merchandise segment to witness a steady CAGR of 4.4% over 2018-2028.
Furthermore, digital printing is expected to take over the film printing module, whereas mobile printing mode is foreseen to win a major market share over desktop printing. The market progression in this direct has been attributed to rapid digitalization that has been evidently impacting the industries worldwide, since the past decade. Regional analysis of the global photo printing and merchandise market reveals continued dominance of North America with more than 27% share of the market value. Decent growth prospects have been estimated for the market, in North America and Western Europe.
As indicated by the competition landscape assessment provided in the report, the tier 1 companies currently account for a majority revenue share of around 45%, followed by the share of around 40% contributed by tier 3 companies participating in the global market for photo printing and merchandise. The tier 2 players are responsible for generating nearly 15% share of the total market revenue. Key players are increasingly focusing on the growing demand for merchandise products and innovation in the photo printing technology.
The report highlights a few key developments in the market, including a recent launch of a process-free technology portfolio by the Eastman Kodak Company, which has been named as ‘KODAK SONORA UV Process Free Plate.’ This plate is capable of delivering longer run lengths (up to 30,000 impressions) compared to any other process-free plate, and offers a range of benefits of UV technology, flexibility, high print quality, and faster drying times. With this technology, the company has introduced a range of new applications, delivering more efficient, faster, and more sustainable results.
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Key Segments Covered
By Mode of Printing
- Desktop
- Mobile
By Module
- Film Printing
- Digital Printing
By Product Type
- Photo Printing
- Merchandise Printing
By Distribution Channel
- Instant Kiosk
- Over the counter
- Retail
- Online
Key Regions covered
- North America
- U.S.
- Canada
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- SEA and other APAC
- India
- Australia & New Zealand
- ASEAN
- Rest of APEJ
- China
- Western Europe
- Germany
- France
- U.K.
- Spain
- Italy
- BENELUX
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- Japan
- Middle East & Africa
- GCC Countries
- Northern Africa
- South Africa
- Rest of MEA
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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