3D Printing Market by Technology (SLA, FDM, SLS, EBM, DLP, and Others), by Component (Hardware, Software, and Services), by End User (Automotive, Healthcare, Industrial, Consumer electronics, Aerospace & defense, and others) - Global Opportunity Analysis and Industry Forecast, 2020 - 2030
Industry: Semiconductor & Electronics | Publish Date: 27-Nov-2024 | No of Pages: 333 | No. of Tables: 182 | No. of Figures: 152 | Format: PDF | Report Code : SE1
Market Definition
The global 3D Printing Market size valued to USD 12.96 billion in 2019; is expected a hike of USD 107.52 billion by 2030, witnessing a CAGR of 21.2% from 2020-2030.
3D printing is an additive manufacturing technique that builds a three-dimensional object from Computer Aided Design model, by adding layers of the preferred material; shaping them into accurate shapes with precise geometries, in-order to obtain perfectly finished three-dimensional products. Materials used in the manufacturing process include various types of polymers, ceramics, vivid varieties of metals, silicon, and many more.
Market Dynamics and Trends
The global 3D printing market is on a spur with tremendous technological advancements taking place. Also, wide application of the 3D printers and next-gen infrastructures, shall raise the growth chart of the market in the forecast period. Besides, increased demand of customized products is anticipated to fuel-up the market in the forecast period.
However, high cost of 3D printing and lack of skilled labor may impede the market growth. But, at the same time, high accuracy, perfect precision, reduced error with reduction in the manufacturing cost, shall enhance the 3D printing market growth during the forecast period. Other market dynamics like; Cumulative increase of 3D printing applications in the construction industry, health-care industry, fashion industry, followed by innovations and R&D’s, are expected to create numerous opportunities in the global market over the forecast period.
Market Segmentations and Scope of the Study
The global 3D printing market report has been analyzed based on component, technology, end user and geography. Based on component, the market is fragmented into Software, Services and Hardware. Based on technology, the market is divided into SLA, FDM, SLS, EBM, DLP, and Others. Based on end user, the market is divided into Automotive, Healthcare, Industrial, Consumer electronics, Aerospace & defense, and others. Geographic breakdown and analysis of each of the previously mentioned segments include regions comprising North America, Europe, Asia-Pacific, and RoW.
Geographical Analysis
Currently, North America holds the major market share owing to its advanced technology and advanced infrastructure. Besides, increased demand of customized products with high disposable income shall definitely support the growth of additive manufacturing market. The emerging economies, specifically the Asia Pacific region shall witness a significant growth in the market size, with gradual increase in market share owing to its wide application in various industry verticals. Benefits like high efficiency, time-saving, cost-saving and reduced errors shall considerably augment the market growth in the upcoming years.
Competitive Landscape
The highly competitive 3D printing industry engrosses various market players. Some of the major market players are Arcam AB, 3D Systems, Stratasys Ltd, Autodesk, Inc., Hoganas AB, The ExOne Company, Organovo Holdings, Inc., Optomec, Inc., Voxeljet AG and Ponoko Limited among others. The past endeavors and futuristic advancements, sum-up to comprehend the overall market growth. The 3D market size is growing vehemently from the past few years.
For instance, in October 2019, one of the key players of the global 3D printing market, 3D Systems and Antleron announced a collaboration, with an objective to play a pivotal role in advancing and accelerating breakthroughs in the biomedical industry. Where, Antleron is a renowned healthcare expertise for leadership and innovation in the development of regenerative products and personalized patient care. The major industry players – 3D Systems and Antleron, collaborated to support Antleron’s development of bioprinting solutions utilizing 3D Systems’ printing technologies.
The Massachusetts 3D printing Unicorn Formlabs has continued its crusade into the dental industry, by announcing a partnership with BEGO company, a German manufacturer of prosthodontics and dental implants, in February 2020. This partnership leads to instant 3D printed crowns for patients, reduced production costs, faster turnaround time, and improved patient care. The material design shall benefit the patients with less discoloration of crowns, lower aging rates, lower plaque accumulation, and higher comfort because of minimal temperature sensitivity. Through this collaboration, the two companies intend to bring both temporary and permanent 3D printed crowns and bridges to the dental market.
Key Benefits
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The 3D printing market report provides a quantitative analysis of the current market trend and the market forecast for the years 2020-2030, that can help in identifying the prevailing market opportunities to capitalize on.
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The study comprises a deep dive analysis of the 3D printing market, including current and future trends, that can help in depicting the big-shot investment pockets in the market.
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The report provides detailed information related to key drivers, restraints, opportunities, and their impact on the global market.
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The report incorporates a competitive analysis of the market players along with their market share in the global market.
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The study elaborates SWOT analysis and Porters Five Forces model.
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Value chain analysis in the market study provides a clear picture of the stakeholders’ roles in the market.
3D Printing Market Key Segments
By Technology
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SLA
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FDM
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SLS
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EBM
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DLP
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Others
By Component
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Hardware
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Software
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Services
By End User
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Automotive
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Healthcare
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Industrial
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Consumer Electronics
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Aerospace & Defense
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Others
By Geography
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North America
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U.S.
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Canada
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Mexico
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Europe
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UK
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Germany
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France
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Netherlands
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Norway
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Rest of Europe
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Asia-Pacific
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China
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India
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Japan
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South Korea
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Rest of Asia-Pacific
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RoW
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Latin America
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Middle East
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Africa
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Key Players:
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Arcam AB
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3D Systems
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Stratasys Ltd
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Autodesk, Inc.
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Hoganas AB
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The ExOne Company
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Organovo Holdings, Inc.
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Optomec, Inc.
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Voxeljet AG
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Ponoko Limited
Report Scope and Segmentation
|
Parameters |
Details |
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Analysis Period |
2019–2030 |
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Base Year Considered |
2020 |
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Forecast Period |
2020–2030 |
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Market Size Estimation |
Billion (USD) |
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Market Segmentation |
By Technology (Fused Deposition Modelling, Selective Laser Sintering, Stereolithography, Digital Light Processing, Electron Beam Melting, Others) By Component (Hardware, Services, Software) By End User (Aerospace & Defense, Industrial, Automotive, Consumer Electronics, Healthcare, Other End User) |
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Geographical Segmentation |
North America (U.S., Canada, Mexico) Europe (UK, Germany, Netherlands, Norway, France, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Rest of APAC), Rest of the World (Latin America, Middle East, Africa) |
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Companies Profiled |
Arcam AB, 3D Systems, Stratasys Ltd, Autodesk, Inc., Hoganas AB, The ExOne Company, Organovo Holdings, Inc., Optomec, Inc., Voxeljet AG and Ponoko Limited. |
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