At 4.3% CAGR, South & Central America Industrial Inkjet Printers Market is Projected to be worth US$ 325.44 million by 2031, says Business Market Insights

According to Business Market Insights’ research, the South & Central America industrial inkjet printers market was valued at US$ 231.52 million in 2023 and is expected to reach US$ 325.44 million by 2031, registering a CAGR of 4.3% from 2023 to 2031. Introduction to industry 4.0 and technological advancements in industrial inkjet printers are among the critical factors attributed to drive the South & Central America industrial inkjet printers market growth.

In recent years, Industry 4.0 has been rapidly changing the global manufacturing landscape, introducing an era of digital transformation and smart production. For analysis and real-time monitoring of printing processes, technologies such as artificial intelligence (AI), machine learning (ML), the Internet of Things (IoT), and robotics are being integrated into industrial inkjet printers. As IoT-enabled inkjet printers connect to a network of devices, data flows effortlessly across the production line. AI algorithms process this data, which enhances the capabilities of inkjet printers and enables them to operate in a digital ecosystem. The integration of Industry 4.0 and inkjet printing signifies a significant shift from traditional, isolated printing processes to a fully digitized, integrated approach. Industry 4.0 technologies can optimize and automate printing processes, which leads to faster production rates. IoT-enabled printers are equipped with sensors and data collection capabilities. These printers offer improved precision in inkjet printing. These smart inkjet printers can adapt ink usage to the substrate, which produces higher-quality prints. Various companies are offering inkjet printers integrated with different technologies. For example, Canada's MapleJet demonstrates the potent benefits of integrating IoT and the Industrial Internet of Things (IIoT) with industrial inkjet printing with its product—the Hx Nitro industrial inkjet printer. Similarly, a UK-based firm, Cyan Tec, represents the nexus between inkjet printing and robotics, showcasing the way Industry 4.0 transforms the printing landscape. CyanTec offers an external link solution, offering scope for efficient load/unload, mechanized product handling, and precision printing. Thus, the introduction of Industry 4.0 is expected to act as a key trend in the industrial inkjet printers market in the coming years

On the flip side, availability of various alternatives hampers the growth of South & Central America industrial inkjet printers market.

By type, the South & Central America industrial inkjet printers market is bifurcated into continuous inkjet and drop on demand inkjet. The drop on demand inkjet segment held 61.9% share of South & Central America industrial inkjet printers market share in 2023, amassing US$ 143.37 million. It is projected to garner US$ 179.54 million by 2031 to register 2.9% CAGR during 2023–2031.

In terms of industry, the South & Central America industrial inkjet printers market is segmented into food & beverages, pharmaceutical, cosmetic & personal care, electronics & semiconductors, textiles, automotive, advertisement & publishing, and others. The food & beverages segment held 21.4% share of South & Central America industrial inkjet printers market share in 2023, amassing US$ 49.45 million. It is projected to garner US$ 76.61 million by 2031 to register 5.6% CAGR during 2023–2031.

Based on country, the South & Central America industrial inkjet printers market is categorized into Brazil, Argentina, and the Rest of South and Central America. Our regional analysis states that Brazil captured 54.0% share of South & Central America industrial inkjet printers market in 2023. It was assessed at US$ 125.01 million in 2023 and is likely to hit US$ 180.95 million by 2031, registering a CAGR of 4.7% during 2023–2031.

Key players operating in the South & Central America industrial inkjet printers market are Brother Industries Ltd; Canon Inc; CTC Japan Inc; Docod Precision Group Limited; FUJIFILM Holdings America Corporation; Hitachi Industrial Equipment & Solutions America, LLC; HP Development Company L.P; Industrial Inkjet Ltd.; InkJet, Inc; KYOCERA Corporation; Lexmark International Inc; Linx Printing Technologies; Markem-Imaje; Pannier Corporation; REA Elektronik GmbH; Seiko Epson Corp; Squid Ink Manufacturing; Videojet Technologies Inc; Weber Marking Systems GmbH; and Xerox Corporation; among others.

• April 2024: Canon announced the launch of the ProStream 2000, a new series of web-fed inkjet presses for business communications print service providers looking for an attractive cost/performance ratio for applications on media up to 150 gsm and on uncoated papers.

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