The increasing demand for large-format printing in textile, advertising, and packaging industries and the rising adoption of UV curable inks in outdoor advertising, CAD, and technical printing applications drives the growth in the signage and graphic art market, According to a source from Research and Markets, the large-format printing market is expected to grow from USD 8.37 billion in 2017 to USD 10.59 billion by 2023, at a CAGR of 4.00 percent between 2017 and 2023. The growing demand for large-format printing in the textile, advertising, and packaging industries is driving the large format printer market. Major restraining factors for the growth of large-format printer market include high initial investments and operating costs.
Raster image processor (RIP) software offering for large format printer is the fastest-growing segment. It helps in effective processing of files, which makes large format printers work faster and more consistently, which is very important for printing on different materials such as plastics, textiles and others. With a dedicated RIP programme, which is capable of processing larger files, the print management tasks become much easier; it enables people to multi-task, thereby increasing process efficiency. The market for ink-based (inkjet) printer technology is expected to grow at the highest rate during 2017 and 2023.
