By coupling versatility to economy, inkjet printing is expected to grow substantially over the next 3-5 years.
Inkjet technology allows printing onto a huge variety of surfaces including glass, plastics, ceramics and metals. Results are increasingly high profile, ranging from printed hoardings on the side of buildings to printed graphics on truck and bus bodies.
Inkjet also enables faster response times and lower set up costs than traditional printing systems, providing a key advantage in effecting low volume, variable print runs at a lower price.
UV curing shares inkjet’s upward trajectory.
Inkjet printers using UV are expected to increase share within the overall inkjet market as ink developers recognise benefits in instant drying, lower operating costs, reduced space utilisation and improved quality without odour or the presence of residual solvents.
The inkjet printing market is split between narrow and wide format. Narrow format printers are generally home or office printers printing A4 and A3 paper sizes. Wide format printers are capable of printing materials from over 24 ins. wide and are typically used by commercial and industrial customers.
Integration Technology Ltd (ITL) is currently focused on wide format printers.
The fastest growing market segment, its total expenditure is estimated to increase by over 17% per annum over the next 3 years. Meanwhile, the hardware segment of the market – most relevant to ITL – is also forecast to grow at around 10% per annum over the same period.