It’s foto flame for graphs, which is fine for low end price points.
Washburn did about 22 hand painted SS100 Frankensteins with plans to change over to a sticker graphic around 50 mark, which never happened due to their reasons.
I could see it replacing veneers on imports if per unit cost is low enough. Some of the veneers are so pathetically thin they might as well have used a photo instead.
I have had guitars like that that were printed on. I did not watch the detail of these specifically, just saw everything they were showing, and clicked out. Not my thing.
I remember there was a company who did "skins" in the late 90's early 2000 ... didn't take off then, won't take off now. But I would 100% put one on a guitar