The global Thermal Printhead market is extremely competitive and comprise various global and regional players who accounted for robust market share in 2020. The printhead module of a printer is responsible for transferring data or images onto media such as paper. It is driven by a precise stepper motor, which moves teeth belt, allowing printhead module to drop ink onto paper or fabric one drop at a time.
Some of the key companies operating in the global Thermal Printhead market include: Kyocera, ROHM, Shandong Hualing (SHEC), Toshiba Hokut, AOI Electronics, Alps Electric, Mitani Micronics, and Others.
These market players are various strategies such as mergers and acquisitions, collaborations, joint ventures, collaborations, partnerships and research and development investments to strengthen their market position and expand their product base.
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Rapidly growing commercial and industrial sectors, rising concerns about data breaching in multinational companies, corporates, hospitals, rising demand for ICT services in various sectors such as healthcare and pharmaceuticals, IT, financial services and hospitals are some of the key factors boosting growth of the global Thermal Printhead market revenue growth. In addition, increasing R&D investments and rising focus on developing more secure products are supporting market growth.
Geographically, North America is expected to account for robust revenue share between 2021 and 2028 owing to factors such as rising concerns about data leakage and security, presence of key players and increasing adoption of advanced solutions.
Opportunities For Players Operating In The Global Thermal Printhead Market:
Focus on developing machinery and equipment that are available at lower cost and need for more advanced designs and saves time at the same are factors expected to continue to open up lucrative business opportunities for major players and new entrants in market. Furthermore, rise in emergence of field of automation and various innovations in market can create opportunities for many players to dominate market.
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