The size of the global ID card printers market is anticipated to increase from US$ 116.9 Mn in 2023 to US$ 176.4 Mn by 2033. Between 2023 and 2033, the overall demand for automatic printers is projected to increase at a 4.2% CAGR.
A major driver propelling the global market ahead is the expanding use of ID card printers in the industrial, financial, educational, healthcare, and banking sectors, combined with rising demand for distinctive ID cards and ongoing improvements in card printing technology.
Manufacturers in the ID card printer sector are investing in the development of plug-and-play drivers for their products. The ID printing industry is also seeing an influx of entrepreneurs, which is encouraging market growth.
Manufacturers are creating machines that are small, low-profile, and light. The need for printers that can be installed in office cabinets is rising as a result, creating new business prospects in the corporate, educational, and healthcare sectors.
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Modern technology, such as that with integrated alerting systems and user-friendly software, is preferred by users. Drag-and-drop layouts are offered by several printers so that predetermined templates can be altered. To boost sales, manufacturers are adding guarantees in their goods. Utilising user-friendly software functions in small printers, they are opening up business potential.
Key Takeaways from ID Card Printers Market
- Based on product, the double-sided card printers segment is projected to expand 1.5 times the current market value during 2023-2033.
- By technology, direct-to-card/dye sublimation technology segment is projected to register a CAGR of 4.4% during the forecast period.
- Based on end user, government institutions and educational institutions segments collectively are estimated to hold around 61% of the market value share by the end of 2023.
- Currently, the U.S. holds around 75% share of the North America ID card printers market.
- China’s ID card printers market is projected to grow 1.7 times the current market value during the forecast period
- Top 5 companies held around 20-25% of the global ID card printers market in 2022.
“One can save time and money by using a direct-to-card printer that can create edge-to-edge color & complete cards in one printing procedure. Manufacturers are improving their quality by utilizing new technologies to suit consumer expectations to provide customers with trustworthy and flexible printing solutions” – Says an FMI analyst.
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Government Institutions Creating a Lucrative Demand for the ID Card Printers
Government institutions as end users create a huge demand for ID card printers because they need to produce secure, high-quality ID cards for their employees and citizens. ID cards are used for a variety of purposes, such as access control, time and attendance tracking, and secure identification for government services.
By investing in high-quality ID card printers, government institutions can produce reliable and secure ID cards for their employees and citizens. Governments are aiming to issue unique identification cards and unique identification numbers to their citizens. In providing high-security ID cards, the resolution of a card is very important. An identity card should have a very high resolution so that it can be verified physically. Now the cards are available in 600 dpi, with an eco-friendly nature ID card personalization solution that includes the manufacturer’s “waste-less” lamination technology that significantly lowers card issuance costs.
Innovative waste-less lamination technology completely eliminates traditional carrier-film waste, offering a 40 percent savings in consumables costs. Overall, the issue of unique ID cards for the population by the government authority propels the demand for ID card printers.
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Who is Winning?
Key players operating in the global ID card printers market are Zebra Technologies Corporation, Evolis, HP Development Company, HID Global Corporation, Entrust Corporation, Kanematsu USA Inc. (Nisca & Swiftcolour), and Canon Inc. Also, some of the other noticeable players in the market include CIM USA, Magicard NEO, Seiko Epson Corporation, IDP Corp, DASCOM Americas Corporation, Matica Technologies AG, and others.
ID Card Printers Industry by Category
By Product:
- Single-sided Card Printers
- Double-sided Card Printers
- High-performance Card Printers
- Standard Card Printers
By Technology:
- Reverse transfer
- Direct-to-Card/Dye sublimation
- Rewritable
- Encoding
By Sales Channel:
- Offline
- Online
By End User:
- Industrial/Manufacturing
- Banking
- Healthcare
- Government Institutions
- Educational Institutions
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Middle East and Africa (MEA)
- Oceania
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