The Market has been evolving as a technique to create 3D models and prototypes, in many industries, namely, automotive, aerospace, healthcare, and consumer products- in order to investigate the possibility of completing a project in lesser time and with few resources. However, in the last two decades, 3D printing has made a radical shift from rapid prototyping to rapid manufacturing”, mainly, because of its advantages over traditional manufacturing practices such as injection molding, CNC machining, and vacuum casting. These advantages include innovative designing, high adaptability levels, less time to market, and less tooling requirements. 3D printing manufacturing is also found to be quicker and less expensive. The ability of 3D printing to print almost any geometry with a variety of materials makes this technology a preferred choice, especially, in those markets which are characterized by high individualization, low volume, and high value; such as aerospace and healthcare. The major driving factors that support the exponential growth of the market include - the development of new and improved technologies, financial support from governments, large application areas, rapid product development at a low cost, and ease in development of custom products.
In this report, the global market is segmented on the basis of technology, material, application, and geography. The technology segment comprises of Stereo lithography (SLA), Laser Sintering, Electron Beam Melting (EBM), Fused Disposition Modeling (FDM), Laminated Object manufacturing (LOM), Three Dimensional Inkjet printing (3DP), and other proprietary technologies. The global market by material comprises polymers, metals/alloys, and others (ceramics, sand, and paper). The application segment includes aerospace industry, automotive consumer products, healthcare, government and defense, industrial/business machines, education & research, and others (arts, architecture). Health care and aerospace are the two fastest growing application areas for this market. The stringent requirements such as light weight and accurate & precise design requirements for airplanes parts are the major driving factors behind the growth of 3D printing in the aerospace industry, over traditional manufacturing methods. However, the increasing medical procedures’ volumes due to the growing population, rising income levels, low labor costs, and increasing health awareness are responsible for the tremendous growth of 3D printing in healthcare sector, as well.
The market is also categorized into four major geographic regions, namely Americas, Europe, Asia-Pacific, and Rest of the World. Developing economies such as China and India provide tremendous growth opportunities for the market manufacturing technologies, majorly, due to the rise in lifestyle and general income levels. For instance, China is aggressively taking initiatives such as huge investment and government funding in R&D, to promote 3D printing technology as a manufacturing technique.
This report also presents a detailed overview of the overall market by enveloping all the major market segments with a detailed qualitative analysis at each and every aspect of the segmentation. All the numbers are forecast from 2013 till 2020, to give a glimpse of the possible revenue potential in this market within this period.
The competitive landscape segment in the report covers all the key growth strategies of several major players as well as startups in the global market; including 3D Systems (U.S.), Stratasys (U.S.), Renishaw (U.K.), EnvisionTEC (Germany), Optomec (U.S.), SLM Solutions (Germany), LayerWise (Belgium), ExOne (U.S.), EOS GmbH (Germany), Organovo Holdings (U.S.), and Arcam (Sweden), among others.
Scope of the report
This research report categorizes the market based on various applications, technology, materials, and geography; it also covers the revenue foretold from 2013 to 2020. It describes the demand for 3D printing technology in various regions. The report describes the applications mapping in the market with respect to the growth potential.
On the basis of the applications
It is used for various applications such as in the automotive, aerospace, consumer, healthcare, government & defense, industrial, and education and research sectors.
On the basis of the Technologies
In this research report, the market technology is segregated into Stereo lithography (SLA), Laser Sintering, Electron Beam Melting (EBM), Fused Disposition Modeling (FDM), Laminated Object manufacturing (LOM), Three Dimensional Inkjet printing (3DP), and the likes.
On the basis of the Materials
The materials used in 3D Printer are polymers, metals & alloys, powder, and others. The ‘metals’ based 3D printing technology holds the future prospect of the market.
On the basis of the geographical regions
Geographical analysis covers Americas, Europe, Asia-Pacific, and ROW. In accordance with this report, the Americas, currently, leads the market. European region is the fastest growing market, and it is believed that it will surpass Americas in the near future.
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