Published by Persistence MarketResearch
Posted on October 12, 2021
4 min readLast updated: January 29, 2026
The ID card printers market is expected to grow at a 4.2% CAGR from 2021 to 2031, driven by demand in banking and healthcare sectors.
Global ID card printer sales are set to be valued at close to US$ 4.4 Bn in 2021, with a balanced long-term projection, according to latest insights by Persistence Market Research. The report estimates the market to expand at over 4% CAGR from 2021 to 2031.
Growing need for easily identification and security of people in sectors such as banking, healthcare, governmental offices, and educational institutions is set to steer market growth. Rapid technological advancements are also projected to complement market growth over the coming years.
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Demand for ID card printers waned in 2020 due to the COVID-19 pandemic. Growing demand for retransfer card printers and direct-to direct card printers in end-use segments such as educational institution, banking, healthcare, etc., is expected to drive the market substantially. South Asia Pacific, East Asia, and Europe are major markets for the ID card printers.
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Key Takeaways from Market Study
“Upsurge in generation and renewal of new ID cards from banks, educational institutions, governmental offices, and healthcare in recent years is expected to provide a stimulant aggrandizement to ID card printer sales,” says a Persistence Market Research analyst.
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Competitive Landscape
The market is moderately consolidated with key players accounting for 35% to 30% market share. These players are likely to invest in new technology developments and expansion of their networks in order to maintain their market shares.
Some of the key players in this industry are Zebra Technologies Corporation, HP Inc., Quadient (Neopost SA), Entrust Corporation, HID Global Corporation, Valid USA, Kanematsu USA, Matica Technologies, Evolis, and MagiCARD Ltd.
Find More Valuable Insights
The research report analyzes demand for ID card printers. The global market has been analyzed with the COVID-19 impact, various macroeconomic factors, market trends & market background.
As per Persistence Market Research’s research scope, the market has been analyzed on the basis of product, communication interface, technology, sales channels, end user, and region. The report provides qualitative and quantitative information on various players in this market. This report also tracks the market by both, supply side and demand side.
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The post The ID Card Printers Market to have innovation-based clout in its armor at a CAGR of 4.2% from 2021 to 2031 appeared first on Lake Shore Gazette.
The article discusses the growth and trends in the ID card printers market from 2021 to 2031.
Banking, healthcare, governmental offices, and educational institutions are key sectors driving demand.
The COVID-19 pandemic caused a temporary decline in demand for ID card printers in 2020.
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