PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1144147
PUBLISHER: Stratistics Market Research Consulting | PRODUCT CODE: 1144147
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According to Stratistics MRC, the Global Selective Laser Sintering Equipment Market is accounted for $0.73 billion in 2022 and is expected to reach $2.66 billion by 2028 growing at a CAGR of 23.89% during the forecast period. A three-dimensional solid model is created using the powder bed fusion technique and a type of 3D printing called selective laser sintering (SLS). Small grains of elastomer and nylon materials are hardened and joined together into layers in a three-dimensional structure using a powerful laser in the SLS process. A powder bed is added as needed after the laser beam in SLS equipment obtains the model's precise coordinates from a CAD layout. Once the layer is complete, the surface is once more powdered, and this process is continued until the model is finished.
According to Stockholm International Peace Research Institute (SIPRI), the United States led the ranking of countries with maximum military spending in 2021, with 801 USD billion dedicated to the military, which was 38 percent of the global military expenditure of USD 2.1 trillion. According to the US Census Bureau, it is expected that the revenue of aerospace products and parts manufacturing in the United States will amount to about USD 264.4 billion by 2024.
Increasing Demand in Healthcare Sector
Prototypes are being created for usage in a variety of sectors using a wide range of 3D printing technologies, such as powder bed fusion machines, laser-curing procedures, and filament-based fused deposition modelling (FDM), which produces fully dense metal and plastic components. SLS and DMLS, two of these technologies, can lower costs through quicker manufacturing, less tooling costs and work in progress, less waste, and parts that are still strong despite being lightweight. As a result, the usage of SLS technology is assisting businesses from the aerospace to the automotive industries globally in lowering their manufacturing costs and shortening their time to market.
Difficulties in using SLS printing software
SLS printing relies heavily on the product design software. Computer-aided design (CAD) software is most frequently utilised, and it displays a virtual 3D representation of the product. Layer by layer, a high-power laser melts nylon particles in the SLS technology-based 3D printing process, which needs CAD data, to produce a solid, useful object with exceptional mechanical qualities. To begin processing, 3D CAD data is first transformed into an STL file. The utilisation of these software solutions is challenging for many manufacturers or end-user businesses because they lack the skills necessary for using 3D printing software. As a result, many manufacturers are forced to rely on outside SLS printing service providers for their unique production part needs which leads to a design issue.
Emerging applications in manufacturing sector
SLS is a patented technique that has been around for a while. Technology has advanced significantly, and SLS-based machinery has developed. In the last three years, there has also been an improvement and expansion in the industrial use of SLS equipment. There have been numerous developments in printing technology, printing materials, labour skill sets, and printers themselves. The demand for metal-based SLS equipment is also anticipated to increase in the near future. This is because the aerospace and medical device industries are increasingly using metal-based printers. SLS equipment is anticipated to be utilised in the medical device or healthcare sector for the 3D printing of surgical instruments. the market for making vehicles, such as passenger cars and commercial vehicles.
Complex operation and high risk associated with SLS equipment
The printing process depends on a number of diverse and potent components that make up SLS equipment. Along with various minor parts, major components include material feed, recoater, laser, part piston, overflow bin, and build chamber. The laser is the most important part of the SLS apparatus. To print materials, the machinery needs powerful lasers, typically solid or gas. In order to print items utilising either nylon or metal as the basis material, SLS equipment primarily uses CO2 gas lasers and fibre solid lasers. The powder is heated to just below or exactly at the melting point of the material as the laser scans a cross-section of the 3D model. The construction platform is covered with a brand-new layer of powder as the feeder bed rises. The process is then repeated for the following layer, and so on, until the model has fully developed.
A three-dimensional solid model is created using the powder bed fusion technique and a type of 3D printing called selective laser sintering (SLS). Small grains of elastomer and nylon materials are hardened and joined together into layers in a three-dimensional structure using a powerful laser in the SLS process. A powder bed is added as needed after the laser beam in SLS equipment obtains the model's precise coordinates from a CAD layout. Once the layer is complete, the surface is once more powdered, and this process is continued until the model is finished.
The metal segment is expected to be the largest during the forecast period
The metal segment is estimated to have a lucrative growth, due to an increase in the demand for SLS machinery for functional and prototype since it can create parts with excellent mechanical qualities and a high level of detail. SLS equipment is more applicable to a wider range of application fields because it doesn't require support for constructing objects like other 3D printing technologies do. Metal-based SLS equipment is anticipated to experience increased adoption globally in the upcoming years due to the significant demand for complex, precise, and sophisticated designs in the aerospace and aeronautics, as well as the healthcare industries (for medical devices and surgical instruments).
The consumer goods segment is expected to have the highest CAGR during the forecast period
The consumer goods segment is anticipated to witness the fastest CAGR growth during the forecast period, due to the equipment being widely used in the prototyping and functional prototyping of consumer electronic devices, such as creating prototypes for GPS products, designing perfume bottles, washing machines and dishwasher exterior bodies, designing mobile phone accessories like phone cases and connectivity cables, designing toys, designing mixer grinders, designing bicycles, designing parts of consumer electronic devices, and designing audio and visual products SLS equipment is available from major suppliers like EOS, 3D Systems, Farsoon, and Ricoh and is frequently utilised in the consumer goods sector.
Region with highest share:
Asia Pacific is projected to hold the largest market share during the forecast period owing to the increased popularity across a number of industries, including consumer products, healthcare, automotive, aerospace, and jewellery. Additionally, developing as a manufacturing powerhouse for the healthcare and automotive sectors and rapid urbanization, dominance on consumer electronics manufacturing are other factors boosting Laser Sintering Equipment demand in the area.
Region with highest CAGR:
North America is projected to have the highest CAGR over the forecast period, owing to the region's widespread adoption of technology across a wide range of businesses and the region's accelerating technical breakthroughs. An increased emphasis on innovations across numerous industries in North America is the key factor driving demand. Because the area has a reputation for being a leader in innovation, there is a significant demand for prototypes. To support the region's continued market supremacy, there is a comparatively large investment in R&D for new and emerging technologies.
Key players in the market
Some of the key players profiled in the Selective Laser Sintering Equipment Market include Farsoon, Red Rock, EOS GmbH, Formlabs, Sinterit, Dynamical Tools, Z Rapid Tech, Natural Robotics, Sharebot, Shaanxi Hengtong, Sintratec AG, 3D Systems, Prodways, Aerosint, XYZPrinting and Sintratec.
In June 2018, Prodways launched ProMaker LD-3, a compact 3D printer, which will enable to produce professional-grade prototypes and compact designs.
In June 2018, 3D Systems launched DMP Flex 100 and DMP Dental 100 3D printers for entry-level metal 3D printing and dental applications.
In June 2018, EOS introduced FORMIGA P 110 for industrial 3D printing with Polymers which offers increased productivity of up to 20 percent, along with more homogeneous part quality.
In April 2018, EOS launched P 810 polymer industrial 3D printer specifically designed to process the new high-performance, ALM material HT-23.
Laser Types Covered:
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