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Based on the offering, the market is segmented into printers and services. In 2023, the printers segment dominated the industry with a share of over 50%.
Based on connectivity, the drylab photo printing market is divided into wired and wireless. The wireless segment is anticipated to register a CAGR of over 6% from 2024 & 2032.
Asia Pacific dominated the drylab photo printing market with a CAGR of over 6% between 2024 to 2032. The region is witnessing robust growth in the technology segment with the proliferation of smartphones, digital cameras, and social media platforms, digital photography has become increasingly popular across the region. This surge in digital photography has created a higher demand for printing services to transform digital images into physical prints and photo products.
For instance, in August 2023, Canon Inc. announced its latest line of printers designed to empower both home users and creators with advanced features and exceptional performance. The PIXMA TS7770 and TS7770A combine a range of powerful capabilities including an intuitive operation panel with smart lighting, auto duplex printing, seamless Wi-Fi connectivity, and versatile media handling to cater to the diverse needs of modern users.
The wireless connectivity segment generated a decent revenue in 2023 and is anticipated to register over 6% CAGR from 2024 and 2032, driven by technological advancements and changing consumer preferences.
Drylab photo printing industry was valued at over USD 250 million in 2023 and is anticipated to grow at a CAGR of over 5% between 2024 and 2032, driven by the growing adoption of digital photography.
Asia Pacific industry is expected to grow at over 6% CAGR between 2024 to 2032, driven by the presence of a well-established packaging industry, a growing focus on sustainability, and technological advancements.
Seiko Epson Corporation, Fujifilm Corporation, Canon Inc., Dai Nippon Printing Co. Ltd., Kodak Alaris Inc., Noritsu Precision Co. Ltd., Hiti Digital, Inc. are some of the major industry contenders.