Market and Technology Trends
Inkjet Printheads: Dispensing Technologies & Market Landscape 2019
By Yole Intelligence —
Piezo printheads are accelerating commercial and industrial printing growth.
- MEMS and conventional printhead - market forecast
- Biodispensing introduction - technology and applications
- Focus on the thin-film PZT supply chain
- Functional inks and suppliers
Glossary and definitions 2
Report scope 6
Executive summary 11
- Report scope
- Historical perspective
- What’s new
Market forecast 55
- Printhead market forecast, in units and value
- Printhead market dynamics, by application
- MEMS printhead penetration (MEMS vs. conventional technologies)
- Disposable vs. permanent printheads
Market trends 68
- Market segmentation (consumer, office printing, graphics – large format, document printing, textile printing, ceramic & decor, packaging, 3D printing, functional printing)
- Technology requirements, per application
- Economic requirements, per application
- Market drivers
Player ecosystem and supply chain 125
- Player ecosystem
- Player market share
- Business model analysis
Technology trends 134
- Technology description (thermal – piezoelectric; MEMS – conventional)
- Focus on thin-film piezoelectric technology
- Recirculation ink printheads
- Trends and product roadmap
- Manufacturing processes
Focus on biodispensing 173
Conclusions – what’s next? 191
Yole Développement presentation 195
THE PRINTHEAD MARKET SEES HUGE INVESTMENTS AND NEW NAME
In the past three years, we have seen several major investments and significant changes amongst inkjet printhead players, in what once was a mature market. OEM printhead makers are in fierce competition to access the new business opportunities available through the use of inkjet printheads. From thermal to piezo printheads, conventional to MEMS technologies, and consumer to industrial printing, major drivers are reshaping the printhead industry and expanding OEM manufacturers’ product portfolios.
With ¥20B (about $190M) invested in new factories, Epson is now ready to expand its PrecisionCore technology and its related printhead portfolio to serve the professional market, based on its latest MEMS piezoelectric development. The first products were shipped in spring 2019 from Epson’s new cleanroom and fully automated assembly lines. Konica Minolta, in the race to invest in MEMS technology, acquired Panasonic’s printhead assets in mid-2018, and will benefit from the company’s latest thin-film piezoelectric development, preparing the next generation of printheads to serve industrial printing markets like textile, packaging, and functional printing.
The biodispensing market is also taking shape, beginning with Cellink acquiring Cytena for around €30M (about $33M). With this acquisition, Cellink, a 3D bioprinting tool provider, aims to penetrate the pharmaceutical market with single-cell technology platform from Cytena. Also, a surprise has arrived in the form of RealFast Print Technology (Suzhou Ruifa), a subsidiary of Anoky Group. Similar to MEMJET’s emergence about a decade ago, this new OEM printhead manufacturer revealed in late-2018 the availability of its thermal MEMS printhead, while also having developed piezo printheads. In this report, discover the printhead market’s latest developments, including how Epson’s expansion strategy will impact the industry, and how new players can enter this highly competitive market.
$3.3B REVENUE EXPECTED IN 2024, WITH A TWO-TIER DEVELOPING INDUSTRY
With $3.3B revenue expected in 2024 (CAGR2018-2024= +4.7%) industrial printing is fuelling printhead market growth with 13.2% CAGR yearover- year (YoY) for the same period. Changes in end-user needs, customization, and point-of-need requirements are motivating the industrial market, fostering digital printing with a huge interest in inkjet technology. Piezoelectric ejection printheads are dominant in industrial printing applications, with more than 85% of printhead shipments based on conventional technologies (non-MEMS based printheads). On the other hand, the consumer market is expected to continue decreasing (despite a small rebound from HP in 2018), due partially to its ink loyalty program. A YoY decrease of 1.1% for consumer and office printing is forecast until 2024, mostly because of the consumer applications that are not fully offset by office printing, despite the launch of full-page-width printhead module-based printers from the three top players: HP, Canon, and Epson. HP still leads the consumer and office printing market with 32% market share, but for everyone else the cake is shrinking.
This report highlights the main market trends for printhead devices, from consumer to functional printing, and through graphics, industrial, and 3D inkjet printing. Yole Développement also describes the evolution of the MEMS and conventional printhead markets, and provides 2018 – 2024 penetration rates for the main applications.
TECHNOLOGY MATURATION IS ACCELERATING NEW MARKET OPPORTUNITIES
From graphic printing with colour-ink ejection, printheads are becoming increasingly like manufacturing tools. Gaining in maturity and quality, printheads enable the ejection of specialty inks with pigments or titanium dioxide, challenging white-based inks, and functional inks like conductive metal inks and dielectric inks. Moreover, the growth opportunities in industrial markets for packaging applications, printed electronics, display, and biodispensing are contributing substantially to technology improvement. In fact, high-resolution printing for improved image quality has caused most piezoelectric printhead players serving industrial markets to expand their product portfolio with MEMS printheads, using thin-film PZT technologies. Fujifilm Dimatix, Xaar, and Océ-Canon are already paving the way for MEMS thin-film piezo printheads, while Ricoh and Konica Minolta (through the Panasonic acquisition) will follow soon after with new MEMS heads. Thin-film PZT deposition is a real challenge, one that requires considerable experience. Some MEMS foundries are supporting certain OEM printhead makers to subcontract this particular manufacturing step, while other players are internalizing MEMS production.
This report describes and focuses on MEMS piezo thin-film technology – specifically, its player ecosystem (with material providers), MEMS foundries, and OEM MEMS printhead makets. This report also discusses how conventional printhead makers are still innovating in this area, i.e. Kyocera improving its bulk PZT technology.
New challenges are appearing, along with new market opportunities: recirculation ink printheads to avoid clogging, single-pass printhead modules to increase productivity, thermal-based biodispensing tools using bio-liquids, and more. There is no doubt about it: inkjet printheads have a very bright future.
3D Systems, Applied Materials, Arrayjet, Bosch, Brother, Canon, Cellenion, Cellink, Ceramtec, Cytena, CTS, EFI, EOS, EPSON, Evatec, Fuji Ceramics, FujiFilm Dimatix, Funai, HP, IBM, Kateeva, Kodak, Konica Minolta, Kyocera, Lexmark, Makerbot, Mcor Technologies, Markem Imaje, Meggitt, MEMJET, Microjet, Mimaki, MIT, Mitsubishi Materials, NGK-NTK – Spark Plugs, Obducat, Océ (Canon Group), Panasonic, Pelikan, Philips Innovation Services, PI, Ricoh, Rohm Semiconductor, Roland, Samsung, SCIENION AG, Screen, Seiko Instruments, Silex Microsystems, Silicon Sensing Systems, Solmates, Sony, SPTS, STMicroelectronics, Stratasys, Suss Microtec, Suzhou RealFast Print Technology, Texas Instruments, Toshiba Tec, Trident ITW, TSMC, Ulvac Products, Umicore, Videojet, XAAR, Xerox, and many more…
Key features of the report
- 2018 - 2024 printhead device market forecast in Munits and in $M, split by printhead type and application
- Market trends, by technology and printhead type: thermal vs. piezoelectric printheads, single-pass vs. scanning modules, permanent vs. disposable devices
- Market trends, by application: consumer, graphic printing, industrial printing (textiles, ceramic and decoration, label and packaging, printed electronics, document printing, and more)
- Technology trends, with a focus on thin-film PZT for piezo printheads and recirculation inks
- Printhead market ecosystem, supply chain, and evolution of printingindustry business models, highlighting the key players
- Biodispensing focus, including description of players and dispensing technology
Objectives of the report
- Provide data on printhead market evolution from 2018 - 2024, with breakdowns by technology, ejection type, and applications
- Clarify the different market segments and applications
- Offer a clear understanding of each market segment’s trends, drivers, and issues
- Deliver key information on MEMS printhead players
- Discuss technology trends for printhead devices, from conventional to MEMS-based technologies
- Highlight changes in the ecosystem’s supply chain organization
- Focus on the trends in bioprinting/biodispensing