Large Format Printer Market Posts Strong Growth in 2018 Q1
May 21, 2018 | IDCEstimated reading time: 2 minutes
The large format printer (LFP) market in India grew 11.7% quarter-on-quarter and 38.5% year on year in Q1 2018, with shipments reaching at 2,954 units, according to the IDC Asia/Pacific Quarterly Large Format Printer Tracker, 2018Q1.
Shipments in the large format CAD/Technical printer market segment grew 17.7% quarter-on-quarter and 55.2% year-on-year, driven by strong growth in single-pass CAD inkjet printers in the large format aqueous-based printer segment. On the other hand, shipments on the graphics side were up by 7.6% quarter-on-quarter and 28.3% year-on-year. Though solvent printers dominate the total graphics market but aqueous, UV and Latex were key driver of this growth.
Segment Highlights – CAD:
Demonetization, GSTs and RERA have affected the real estate market in 2017. As market is stabilizing in 2018 and further government has announced various infrastructure projects, this has fueled shipment of CAD printers in India. HP remained market leader with unit market share of 68.5%, followed by Canon and Epson.
Segment Highlights – Graphics:
Though solvent market dominates the graphics market in India by capsizing over 40% share in the market because of their low acquisition and running cost, however during the quarter high end Aqueous and UV market helped the overall graphics market to grow. While Aqueous market posted quarter-on-quarter growth of 72.8% and year-on-year growth of 227.5%, on the other hand UV market posted quarter-on-quarter growth of 48.9% and year-on-year growth of 84.2%. Among other offerings aqueous/dye-sublimation market posted strong year-on-year growth but declined sequentially.
In terms of vendors’ ranking Epson remained overall market leader in graphics segment, followed by HP. Among local vendors Colorjet maintained its market leader position followed by Astrojet and Monotech. Colorjet is also leader in UV segment followed by Monotech and Fujifim.
“With the growing environmental concerns, new media and increasing applications graphics market in India is moving towards environment friendly products even if they are priced high. This quarter witnessed more installation of UV and other high end LFPs as compare to previous quarters.”, says Pankaj Chawla, Research Manager, IPDS, IDC.
About IDC Trackers
IDC Tracker products provide accurate and timely market size, company share, and forecasts for hundreds of technology markets from more than 100 countries around the globe. Using proprietary tools and research processes, IDC's Trackers are updated on a semiannual, quarterly, and monthly basis. Tracker results are delivered to clients in user-friendly excel deliverables and on-line query tools. The IDC Tracker Charts app allows users to view data charts from the most recent IDC Tracker products on their iPhone and iPad.
About IDC
International Data Corporation (IDC) is the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets. With more than 1,100 analysts worldwide, IDC offers global, regional, and local expertise on technology and industry opportunities and trends in over 110 countries. IDC's analysis and insight helps IT professionals, business executives, and the investment community to make fact-based technology decisions and to achieve their key business objectives. Founded in 1964, IDC is a subsidiary of IDG, the world's leading technology media, research, and events company. To learn more about IDC, please click here.
Suggested Items
Altair Joins £5.8M PIVOT Project to Revolutionize Sustainable Vehicle Manufacturing
09/27/2024 | AltairAltair, a global leader in computational intelligence, has announced its involvement in the £5.8 million Performance Integrated Vehicle Optimization Technology (PIVOT) project, supported by Innovate UK and the Advanced Propulsion Centre (APC).
Amphenol Trackwise to Exhibit at electronica 2024
09/27/2024 | Amphenol TrackwiseAmphenol Trackwise Designs ltd will be exhibiting their weight and space saving, patented manufacturing process, Improved Harness Technology™ (IHT) at Electronica 2024, Munich from 12-15 November.
RTX's Raytheon completes first AN/TPY-2 radar for the Kingdom of Saudi Arabia
09/27/2024 | RTXRaytheon, an RTX business, has delivered the first AN/TPY-2 radar for the Kingdom of Saudi Arabia. The AN/TPY-2 is a missile defense radar that can detect, track and discriminate ballistic missiles in multiple phases of flight.
Welcome Day: AT&S Trains 21 New Apprentices for the High-tech Industry
09/26/2024 | AT&SNine apprentices started their training at AT&S in 2021. Since then, the Styrian company, one of the world’s leading manufacturers of IC substrates and high-end printed circuit boards, has intensified its apprenticeship training.
Renesas Leads ADAS Innovation with Power-Efficient 4th-Generation R-Car Automotive SoCs
09/24/2024 | RenesasRenesas Electronics Corporation (TSE:6723), a premier supplier of advanced semiconductor solutions, expanded its popular R-Car Family of system-on-chips (SoCs) for entry-level Advanced Driver Assistance Systems (ADAS).