Thermal Printheads Market Analysis

Application (Mobile, Receipt, Barcode, Photo, Card Printers)

In terms of application, barcode segment is estimated to hold 35% share of the global thermal printhead market by 2036. The growth of this segment can be attributed to the increasing use of digital payments and payments through barcodes and QR codes. The reach of QR codes increased by nearly 96% between 2018 and 2020. The survey of participants in the US and UK found that about 47% of people supported their use of QR code. Additionally, in developing countries, the share of digital payments has increased from nearly 35% in 2014 to 57% in 2021. Additionally, two-thirds of adults worldwide are now making or receive digital payments.

Product Type (Thick Film Printhead, Thin Film Printhead)

Thermal printhead market from the thick film print head is estimated to hold 60% of the revenue share by the end of the forecast period. The component of the thermal printing system which uses infrared heat to transfer images and messages from one surface to another is a thick film thermal printer head. POS terminals, ticketing machines, self-checkout systems, and other display applications are its main applications. The thickness of the film depends upon the temperature range that can be printed on the substrate in which it is mounted.

Our in-depth analysis of the global thermal printhead market includes the following segments: