Market Research Report
3D Printing Market Report, By Printer Type, By Software, By Technology, By Application, By Vertical, and Geography - Analysis, Share, Trends, Size, & Forecast From 2020 - 2026
|Published by||AnalystView Market Insights||Product code||930127|
|Published||Content info||208 Pages
Delivery time: 2-3 business days
|3D Printing Market Report, By Printer Type, By Software, By Technology, By Application, By Vertical, and Geography - Analysis, Share, Trends, Size, & Forecast From 2020 - 2026|
|Published: March 1, 2020||Content info: 208 Pages||
3D Printing Market was valued at USD 11.62 billion by 2018, growing with 12.6% CAGR during the forecast period, 2020-2026.
3D Printing (3DP), also known as additive manufacturing, involves adding layers to materials, using 3D printers and programs, to create objects that point to 3D files. Market growth is expected to result in strong R&D of 3D printing and increased demand for key models in the defense, healthcare, automotive, aerospace, and other industries. However, common misconceptions about the prototyping process among SMEs can impair the adoption of this technology to some extent.
Types of Printer Segment Takeaway
The industrial printer market is expected to continue to dominate due to widespread usage in industries such as aerospace, electronics, automotive, and defense and health. However, the usage of desktop printers was only made by small companies. But this segment has gained popularity among domestic and household applications, which will boost the demand for this segment. Moreover, many educational centers are making use of desktop printers for research and training purposes.
Existing 3D printers on the market include digital light processing (DLP), fused deposition modeling (FDM), laminated object manufacturing (LOM), direct metal laser sintering (DMLS), electron beam melting (EBM), inkjet printing, laser metal deposition (LMD), polyjet/multijet printing (MJP), stereolithography (SLA), selective laser sintering (SLS).
Currently, FDM is leading in the market as it is widely used in sectors like automotive, aerospace, consumer goods, and others. It plays a pivotal role in the production of complex parts whose design is quite sophisticated by using traditional methods. This segment has grabbed 46% of the market as compared to other 3D printing technologies.
Based on the software, the market is divided into inspection, design, scanning, and printer software. The design software works as a mediator between the printer's hardware and the object which is to be printed. This segment is expected to get a good start in the coming years.
The scanning software is also expected to take a leading edge in the market. This growth is because of its capability to retain the scanned images regardless of their shape and size. Because of the increase in the adoption rate, the segment is anticipated to witness exponential growth during the forecast period.
Prototyping has registered the highest growth in 2017 and is expected to maintain the same dominance during the forecast period. Many industries like aerospace, automotive, and defense are adopting prototyping for designing and development of complex systems. 3D printing has made it possible to get prototypes by using computer-aided design (CAD). This allows companies to get control over wastage happens during prototype transitions and also allows them to cut down operational costs. It also caters to pocket-friendly prototypes for meeting the consumers' requirements regarding accuracy, smoothness, and structure of products.
The 3D printing market is divided into desktop and industrial printing. Desktop 3DP comprises fashion, educational purpose, objects, jewelry, food, dental, and others. The three-dimensional industrial printing consists of aerospace, vehicles, healthcare, security, electronics, energy, power, and more. Consumer electronics shafts, health, and automobiles are expected to contribute significantly to growth in the forecast period due to the effective dependence of various manufacturing processes.
Owing to applications in the sector of healthcare, industrial, aerospace, and consumer product, North America is expected to boom in the upcoming years. U.S. and Canada are known for the early adoption of 3D printing. There are various product launches and acquisitions in this region, which are making use of 3D printing. The major reason which is resulting in an increase in investment is the evolution of new technologies for reaching the untouched market in the manufacturing segment.
Key Vendor Takeaway
Key players include: Voxeljet AG, Tiertime, Stratasys Ltd., Shapeways, Inc., Proto Labs, Inc., Organovo Holdings Inc., Materialise NV, Optomec, Inc., Made In Space, HP Inc., GmbH, GE Additive, ExOne, EOS (Electro-Optical Systems, EnvisionTec, Inc., Dassault Systemes, Canon, Inc., Autodesk, Inc., Arcam AB, 3DCeram, and 3D Systems, Inc. In April 2019, 3D systems officially declared the opening of their Advanced Additive Manufacturing center in Italy. From the past 1.5 years, they spent many million dollars in the expansion of their manufacturing capacity to satisfy the needs of customers.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year - 2015 to 2018
Base Year - 2019
Estimated Year - 2020
Projected Year - 2026
Traders, Distributors, and Suppliers
Government and Regional Agencies
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
MARKET, BY PRINTER TYPE
MARKET, BY TECHNOLOGY
Fuse Deposition Modeling
Selective Laser Sintering
Direct Metal Laser Sintering
Electron Beam Melting
Laser Metal Deposition
Digital Light Processing
Laminated Object Manufacturing
MARKET, BY SOFTWARE
MARKET, BY APPLICATION
MARKET, BY VERTICAL
Aerospace & Defense
Powder & Energy
MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of LATAM
Middle East and Africa
United Arab Emirates
Rest of MEA