Zebra Technologies US and SATO Holdings Japan are leading players in Thermal Printing Market
Thermal printing is a process in which heat is used to produce an image or print on the paper. This technology does not make use of ink or toner, unlike many other printing forms, but mostly depends on thermal papers for producing images. The thermal printing market is expected to grow from USD 43.2 billion in 2020 to USD 53.5 billion by 2025; it is expected to grow at a CAGR of 4.4% during the forecast period. Retail, transportation & logistics, manufacturing & industrial, and healthcare & hospitality are the key applications, which dominate the thermal printing market and also contribute significantly to its growth.