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Industrial 3D Printing Market (Offering - Printers, Materials, Software, and Services; Technology - Stereo Lithography, Fuse Deposition Modeling, Selective Laser Sintering, Direct Metal Laser Sintering, PolyJet Printing, Inkjet Printing, Electron Beam Melting, and Others; Application Industry - Automotive, Aerospace & Defense, Healthcare, Consumer Electronics, Power & Energy, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : December, 2020

  • Rep Id : ICT01269

  • Category : Electronics, ICT and Semiconductors

  • Status : Published

A recent report published by Infinium Global Research on industrial 3D printing market provides in-depth analysis of segments and sub-segments in the global as well as regional industrial 3D printing market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional industrial 3D printing market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of global industrial 3D printing market. According to the report, the global industrial 3D printing market is projected to grow at a CAGR of 20.4% over the forecast period of 2020-2026.

 

Market Insight

The evolution of 3D printing technology has seen rapid development as numerous companies adopting this technology. The applications and use cases vary across industries, but broadly include tooling aids, visual and functional prototypes and even end parts. Companies are beginning to find ways to create new business models and opportunities as increasing the potential applications for 3D printing. Additive manufacturing or 3D printing has the potential to democratize the production of goods, from food to medical supplies, to great coral reefs. 3D printing machines could make their way into businesses, homes, disaster sites, and even outer space in the future. the use of rising technologies such as artificial intelligence (AI) and Internet of Things (IoT) networked sensors is benefitting that monitor 3D printing processes closely to help augment speed and reliability.

 

Companies across industries, from automotive to consumer goods are becoming aware of the advantages 3D printing offers for production. According to the 2019 State of 3D Printing report by Sculpteo’s, 51% of companies are vigorously using 3D printing for production. Furthermore, 3D printing is already playing a huge role in the dental industry, producing crowns, surgical guides, and the majority of dental aligner molds. 3D printing technology has the potential to become the foremost technology in this sector. There are rising numbers of use-cases and self-evident business benefits showing that additives can be used as an ordinary manufacturing technology. Several industries such as healthcare, automotive and aerospace, and defense have been experiencing impactful fabrication and business transformations within key areas of their business given the maturation of 3D printing technologies and material supply-chains. For instance, with additive manufacturing permit designers, interior aircraft parts like ducting, vents, and airflow systems are created. It helps to trim weight, conform to tight cabin interiors, and decrease the number of components in assemblies. Additionally, it offers design freedom to experiment with more efficient and effective part shapes, with fewer potential points of failure. These provide manufacturers more elasticity in creating their products all while observance of pace with contracting production cycles. However, the lack of standardization in 3D printing is restraining market growth. The current concern over the spread of coronavirus is expected to have a negative impact on the industrial 3D printing market. The unending COVID-19 epidemic has horribly affected the electronics and semiconductor industry with manufacturing operations conditionally suspended across major manufacturing hubs. It is leading to a generous slowdown in production. Several key players have deferred their manufacturing operations in countries such as China, India, South Korea, and Europe.

 

Among the geographies, the North America region is expected to hold the largest share in the global industrial 3D printing market owing to technological development in the region. Further, factors such as the increasing number of construction of buildings coupled with the adoption of superior technology and rising research and development activities have fueled the growth of the industrial 3D printing market in the North American region. Furthermore, the Asia Pacific region is expected to witness high growth during the forecast period owing to the increasing usage of 3D printing in China and India. High population, rapid industrialization, and urbanization followed by growth in concern for environmental pollution and human health is anticipated to boost the market demand for industrial 3D printing in the Asia Pacific region.

 

Segment Covered

The report on global industrial 3D printing market covers segments such as offering, technology, and application industry. On the basis of offering, the sub-markets include printers, materials, software, and services. On the basis of technology, the sub-markets include stereo lithography, fuse deposition modeling, selective laser sintering, direct metal laser sintering, polyJet printing, inkjet printing, electron beam melting, and others. On the basis of application industry, the sub-markets include automotive, aerospace & defense, healthcare, consumer electronics, power & energy, and others.

 

Companies Profiled:

The report provides profiles of the companies in the market such as SLM Solutions NA, Inc., Stratasys Ltd, Autodesk Inc., Materialise NV, Arcam AB, New Valence Robotics Corporation, 3D Systems, Inc., Eos GmbH, and Envisiontec, Inc.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of industrial 3D printing market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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