Smartphone Photo Printers Market is segmented By Ink Usage (Ink-free, Ink-usage), By Application (Individual, Commercial), By Product (Pocket, Compact....
Market Size in USD
CAGR9.2%
Study Period | 2024 - 2031 |
Base Year of Estimation | 2023 |
CAGR | 9.2% |
Market Concentration | High |
Major Players | Sony Corporation, LG Electronics, Polaroid Corporation, Eastman Kodak Company, Canon Inc. |
The Global Smartphone Photo Printers Market is estimated to be valued at USD 20.1 Bn in 2024 and is expected to reach USD 37.2 Bn by 2031, growing at a compound annual growth rate (CAGR) of 9.2% from 2024 to 2031.
The market has been witnessing significant growth in recent years due to rising smartphone penetration globally and increasing social media usage. Younger consumers today are more inclined towards accessing and sharing digital images through their smartphones. This has propelled the demand for smartphone photo printers that enable easy and quick printing of photos from smartphones. Additionally, osngoing technological advancements like wireless connectivity options and portable designs have made these printers more convenient to use. While home printing needs have declined with digitization, smartphone photo printers are emerging as a popular option for printing and sharing photos on the go. The market players are expected to further drive the penetration of these printers through effective marketing campaigns and product innovation.