Future Market Insights, Dubai: Global
3D printing market
is set to witness seven-fold expansion, with revenues projected to see a
double-digit CAGR during 2019-2029. As projected by a new report of Future
Market Insights (FMI), leading market players are investing in adoption of vat
polymerization and selective laser sintering processes in a bid to reduce
processing time and achieve greater accuracy.
“Manufacturers operating in the automotive, aerospace,
manufacturing, and healthcare industries are actively procuring 3D printing
technologies. Demand will further increase with rise in the adoption of smart
products, leading to the introduction of complex designed solutions,” states the FMI report.
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3D Printing Market: Key Findings
filament fabrication technology continues to be a trend in production of prototypes
and end-use parts.
- Entry level
3D printers are recording high deployment owing to better technical awareness
and affordable pricing.
extrusion remains preferred technology; vat polymerization and selective laser
sintering will emerge highly lucrative.
regions will remain at the forefront of 3D printing market; Eastern Europe and
Latin America display strong growth potential.
3D Printing Market: Key Driving Factors
adoption of 3D printing in architecture and aerospace will propel market growth.
- The integration
of Artificial Intelligence (AI) with 3D printing systems is enabling flexibility
and precision, thereby fueling demand.
developmental costs and quick turnaround time remain major market growth
- The trend of
customization will be a strong factor driving the growth of 3D printing market.
Market – Key Restraints
- High costs associated
with 3D printing and inadequacy of skilled workmanship remain key impediments to
restrictions associated with select materials will limit the growth of 3D
Landscape of 3D printing Market
Some of the key players in the global 3D printing landscape that
are covered in this study include, but are not limited to, 3D Systems,
VoxeljetAG, Arcam AB, Ponoko Ltd., Autodesk Inc., Organovo Holdings Inc., and The
ExOne Company. Leading manufacturers are focused on using partnerships and
collaborations with regional players and raw material suppliers. Manufacturers
are also pushing to bring in tech advancements, while cutting prices to enhance
accessibility of 3D printing services.
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3D Printing Market Taxonomy
|Entry-level||Material Extrusion||Automotive||North America|
|Hobbyist||Material Extrusion||Aerospace||Latin America|
|Enthusiast||Selective Laser Sintering||Industrial/Business||Western Europe|
|Professional||Material Jetting||Consumer Electronics||Eastern Europe|
|Industrial||Binder Jetting||Medical||Asia Pacific excluding Japan|
|Others||Research and Academia||Japan|
|Government/Military||Middle East & Africa|
More About the Report
This Future Market Insights study of 300 pages offers actionable insights on the 3D printing market. The market analysis is based on level (entry-level, hobbyist, enthusiast, professional, and industrial), technology (material extrusion, vat polymerization, selective laser sintering, material jetting, binder jetting, and others), vertical (automotive, aerospace, industrial/business, consumer electronics, medical, research & academia, government/military, architecture, and others) across seven regions (Latin America, North America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and MEA).
Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and take critical decisions with confidence and clarity amidst breakneck competition.
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