3D Printing Market By Technology (PolyJet, Stereolithography, FDM, EBM, SLS & Other), Application (Electronics & Consumer Products, Healthcare, Automotive, Industrial, Aerospace, Construction, Defense & Other), End-User (Commercial, Personal) - Growth, Share, Opportunities & Competitive Analysis, 2016 - 2023

3D printing, also called as additive manufacturing refers to a process used for making three-dimensional solid objects using a 3D digital model. As the name suggests, this is achieved by using additive processes whereinthe desired object is created by placing successive layers of the raw material. Unlike traditional manufacturing, there is no drilling, cutting, welding involved in the process. This makes 3D printing clean, fast and efficient manufacturing process with minimal wastage of raw materials. 3D printing technology has found application across various sectors such as automotive, healthcare, construction, jewelry and others. Some of the most popular technologies used in 3D printing include polyjet, fused deposition modeling (FDM), selective laser sintering (SLS) andstereolithography (SLA) among others.

The most significant factor fueling the market growth is the high precision and efficiency of 3D printing process over traditional manufacturing. Since the manufacturing process is based upon a digital model, the products are easier to customize and manufacture. Additionally, 3D printing enables optimum use of material thereby reducing the overall raw material loss. 

Considering the strong potential of 3D printing, various global tech giants are heavily investing upon the technology through acquisition of other players in the market. Subsequently, the 3D printing market is estimated to register exponential growth worldwide in the coming years. Nevertheless, major factor hindering the market growth is the high initial cost especially in the case of individual user. The software tools required for operating 3D printing too are costly making the overall manufacturing process inflated. In addition, 3D printing requires skilled labor which becomes a challenge for the industry growth.

The report titled “Global3D Printing Market- Growth, Share, Opportunities and Competitive Analysis, 2016 – 2023” offers strategic insights into the global 3D printing market along with the market size and estimates for the duration 2014 to 2023. The said research study covers in-depth analysis of multiple market segments based on technology types, applications and cross-sectional study across different geographies. The study covers the comparative analysis of different segments for the years 2015&2023. The report also provides a prolific view on market dynamics such as market drivers, restraints and opportunities.

In order to help strategic decision makers, the report also includes competitive profiling of the leading 3D printer manufacturers, their SCOT (Strength, Challenges, Opportunities and Weaknesses) analysis, market positioning and key developments. Some of the major players profiled in the report are 3D Systems, Inc., Stratasys Ltd., Materialise NV, Shapeways B.V.,Arcam AB, Solidscape, Inc.,Optomec, Inc. and others. Other in-depth analysis provided in the report includes:

• Current and future market trends to justify the forthcoming attractive markets within the 3D printing industry
• Market fuelers, market impediments, and their impact on the market growth
  In-depth competitive environment analysis
• Trailing 2-Year market size data (2014 – 2015)
• SRC (Segment-Region-Country) Analysis
•  

Overall, the research study provides a holistic view of the global 3D printing market, offering market size and estimates for the period from 2016 to 2023, keeping in mind the above mentioned factors.

On the basis of application, the 3D printing market is segmented into following categories:

• Electronics and Consumer Products
• Healthcare
• Automotive
• Industrial
• Aerospace
• Construction
• Defense
• Others

As of 2014, the global 3D printing market is dominated by the electronics and consumer products segment. The segment comprises various mobile device antennas, circuit boards, sensor structures and other consumer products. 3D printing is highly helpful in producing high precision products with critical dimensions. With the rising miniaturization of electronic products, it becomes difficult to manufacture components of electronic devices using traditional processes. As a result, 3D printing is expected to continue witnessing strong growth within the electronics and consumer products segment.

The healthcare segment is expected to register the highest growth in the overall 3D printing market in the coming years. 3D printing is considered among the most dynamics and revolutionizing technologies used in the medical sector. The technology can be used for making prosthetics and precise medical devices. This is expected greatly revolutionize the medical treatment in the coming years. Thus, the 3D printing technology holds huge potential in the healthcare sector and is expected to witness high adoption in the near future.

The global 3D printing market is segmented, based on the technology, into following categories

• PolyJet
• Stereolithography (SL)
• Fused Deposition Modelling (FDM)
• Electron Beam Melting
• Selective Laser Sintering (SLS)
• Others

The 3D printing market comprises large number of technologies for different applications. PolyJet, stereolithography(SL), fused deposition modelling (FDM), electron beam melting andselective laser sintering (SLS) are among the most popular technologies used for 3D printing. Amongst these, polyjet 3D printing segment accounts for the largest share, in terms of revenue, in the global 3D printing market. The PolyJet technology segment is followed by the FDM technology.

PolyJet technology offers high precision and smooth surfaces on the finished product. Another significant advantage offered by the PolyJet printing technology is that a number of materials can be used for a single prototype. Moreover, PolyJet 3D printing is faster as compared to various other technologies. As a result, the segment is estimated to retain its dominant position in the market throughout the forecast period.

The global 3D printing market has been segmented, on the basis of geographical regions, as per following regions and countries:

• North America
  • U.S.
  • Rest of North America
• Europe
  • EU7
  • CIS
  • Rest of Europe
• Asia Pacific
  • Japan
  • China
  • South Asia
  • Australasia
  • Rest of Asia Pacific
• Middle East & Africa (MEA)
  • GCC countries
  • North Africa
  • Southern Africa
  • Rest of MEA
• Latin America
  • Brazi
  • Mexico
  • Rest of Latin America

As of 2014, the 3D printing market worldwide is dominated by the North America region. The North America segment contributes to more than one third of the total revenue generated worldwide, as of 2014. The region experience strong penetration of 3D printing technology across various applications. Additionally, the region enjoys presence of large number of players thereby supporting the market growth.

The Asia Pacific region is expected to register the highest growth in the coming years. The market growth here is mainly supported by China and Japan having strong adoption rate of 3D printing technology. Further, the Middle East & Africa region too is estimated to witness strong growth in the coming years. The growth is majorly expected from the GCC countries segment.