Information and Communication Technology Industrial 3D Printing Market is projected to grow up to 21.01% CAGR during the forecastin...


Industrial 3D Printing Market is projected to grow up to 21.01% CAGR during the forecasting period 2021-2027.

The industrial 3D printing market is one of the largest and is expected to gain the most market share in the overall 3D printing industry over the forecast period, necessitating significant investments in technology, new materials, channel partnerships, and vertical integration across the value chain. The industrial sector is being propelled by current mass customisation trends, the internet of things (IoT), and an upcoming administrative initiative to introduce 3D printing into the manufacturing sector.Officials from the aerospace and automotive industries have begun to incorporate dynamic 3D printing capabilities to produce customised designs with high technological value. These segments capture incentives related to distinctive propositional new product launches in targeted niche segments, as well as aligned skimming expense charge benefits, in a sequential manner. From 2021 through 2027, the research projects revenue growth at the global, regional, and country levels, as well as an analysis of the newest industry trends and prospects in each sub-segment. The global 3D printing market research has been split for this study based on offering, method, technology, application, and geography.

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Key Driving Factors: Increase in application in healthcare

The healthcare industry is largely concerned with lowering costs, increasing quality, and becoming more patient-centered. Bio-printing research can create human-sized bones, cartilage, and muscles, and 3D printing technology has enabled a more patient-centric approach in this sector by permitting customisation of prosthetics and dentistry.

Opportunities:

Industry 4.0 relies heavily on 3D printers. While 3D printers have been on the market since the 1980s, economically successful 3D printing has only been possible in the recent decade as a result of a number of start-ups becoming key market participants. Today, 3D printing technology is reaching a point where businesses are beginning to experience large, practical benefits for themselves and their consumers. Leading companies and consultants throughout the world are investing heavily in 3D printing expertise and capabilities in order to advise and join their clients in the Industry 4.0 wave, which will transform supply chains, product portability, and manufacturing.

This report offers the major market player’s profiles, such as  Stratasys (Israel/US), 3D Systems (US), Materialise (Belgium), EOS (Germany), GE Additive (US), ExOne (US), voxeljet (Germany), SLM Solutions (Germany), EnvisionTEC (Germany), and HP (US)

Based on Application:  One of the most essential applications of industrial 3D printing is prototyping. Prototyping allows for the verification of designs and their validity. It's a crucial phase that's usually taken before developing the final product, and it's usually accomplished with the use of 3D printing. The prototyping process is greatly simplified by additive manufacturing. Prototyping is commonly used in a variety of industries, including automotive, aerospace and defence, healthcare, education, research, and others.Several companies are also investigating the applicability of 3D prototyping for the manufacturing of tools, heavy equipment, and machinery.

The Industrial 3D Printing Market report has been categorized as below

By Offering

  • Printers

  • Materials

  • Software

  • Services

By Process

  • Material Extrusion

  • Material Jetting

  • Binder Jetting

  • Sheet Lamination

  • Vat Photopolymerization

  • Powder Bed Fusion

  • Direct Energy Deposition

By Technology

  • Stereolithography

  • Fused Deposition Modelling

  • Selective Laser Sintering

  • Direct Metal Laser Sintering

  • Polyjet Printing

  • Inkjet Printing

  • Electron Beam Melting

  • Laser Metal Deposition

  • Digital Light Projection

  • Laminated Object Manufacturing

  • Others

By Application

  • Prototyping

  • Manufacturing

By Region

  • North America

  •  Europe

  • Asia Pacific

  • Rest of World

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Published Date : July-2021