#3d printing market

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3d Printing Market In-Depth Analysis and Forecast 2024 - 2030

The global 3D printing market size is expected to reach USD 88,281.2 million by 2030, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 23.5% from 2024 to 2030.  3D Printing (3DP) is also referred to as Additive Manufacturing (AM) as it involves successive addition of layers of materials in various 2D shapes using an additive process. These layered 2D shapes build upon one another to form a three-dimensional object. The process is different from the subtractive method of production, which begins with a block of material and the unnecessary material is ground out to obtain the desired object.

3D printing is widely adopted in the industrial sector owing to the growing need for enhanced product manufacturing and a shorter time to market. The industrial vertical happens to be the most significant adopter of the 3D printing technology, eventually leading to the largest market share of 3D printers for industrial applications over the forecast period. Additive manufacturing is anticipated to evolve over the forecast period.

Gather more insights about the market drivers, restrains and growth of the 3d Printing Market

Detailed Segmentation:

Market Concentration & Characteristics

The 3D Printing Market growth stage is high. The 3D printing market has witnessed a significant degree of innovation, marked by continuous advancements in 3D printing materials market, printing technologies, and the expansion of applications across diverse industries. Ongoing research and development efforts have led to the introduction of more sophisticated and efficient 3D printers, enabling the production of complex and functional objects with improved speed and precision. The dynamic landscape reflects a continuous quest for innovation, with 3D printing increasingly positioned as a transformative technology driving advancements in manufacturing and design processes.

Printer Type Insights

The industrial printer segment led the market and accounted for more than 76.0% share of the global revenue in 2023. Based on the printer type, the industry has been further segmented into industrial and desktop 3D printers. The large share of industrial 3D printers can be attributed to the extensive adoption of industrial printers in heavy industries, such as automotive, electronics, aerospace and defense, and healthcare. Prototyping, designing, and tooling are some of the most common industrial applications across these industry verticals.

Technology Insights

The stereolithography segment led the market and accounted for more than a 10.0% share of the global revenue in 2023. Based on technology, segmentation has been divided into stereolithography, fuse deposition modeling (FDM), direct metal laser sintering (DMLS), selective laser sintering (SLS), inkjet, polyjet, laser metal deposition, electron beam melting (EBM), digital light processing, laminated object manufacturing, and others.

Software Insight

The design software segment led the market and accounted for more than 36% share of the global revenue in 2023. It is expected to continue dominating the market during the forecast period. Based on software, the 3DP industry has been segmented into design software, inspection software, printer software, and scanning software. Design software is used for constructing the designs of the object to be printed, particularly in automotive, aerospace and defense, and construction and engineering verticals. Design software acts as a bridge between the objects to be printed and the printer’s hardware.

Application Insight

The prototyping segment led the market and accounted for more than 54% share of the global revenue in 2023. Based on application, the industry has been segmented further into prototyping, tooling, and functional parts. Prototyping segment accounted for the largest share in 2023 owing to an extensive adoption of the prototyping process across several industry verticals. The automotive, aerospace and defense verticals mainly use prototyping to design and develop parts, components, and complex systems precisely.

Vertical Insight

The automotive segment led the market and accounted for more than 23% share of the global revenue in 2023. Based on vertical, the industry has been segmented into separate verticals for desktop and industrial 3D printing. The verticals considered for desktop 3DP comprise educational purposes, fashion, jewelry, objects, dental, food, and others. The verticals considered for industrial 3DP comprise automotive, aerospace and defense, healthcare, consumer electronics, industrial, power and energy, and others.

Material Insight

The metal segment led the market for 3D printing and accounted for more than 54% share of the global revenue in 2023. Moreover, the metal segment is anticipated to maintain its lead during the forecast period and is expected to expand at the highest CAGR during the forecast period. Based on material, the industry has been segmented further into polymer, metal, and ceramic.

Component Insight

The hardware segment led the market and accounted for more than 63% share of the global revenue in 2023. The hardware segment has benefitted significantly from the growing necessity of rapid prototyping and advanced manufacturing practices. The growth of the hardware segment is primarily attributed to various factors such as rapid industrialization, increasing penetration of consumer electronic products, developing civil infrastructure, rapid urbanization, and optimized labor costs.

Regional Insight

North America led the market and accounted for more than 33% share of the global revenue in 2023. This can be attributed to the extensive adoption of additive manufacturing in the region. North American countries, such as the U.S. and Canada, have been among the prominent and early adopters of these technologies in various manufacturing processes. Europe happens to be the largest region in terms of its geographical footprint. It is home to several additive manufacturing industry players with strong technical expertise in additive manufacturing processes. Hence, the European market emerged as the second-largest regional market in 2023.

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

• The global accelerated processing unit market size was estimated at USD 13.85 billion in 2023 and is projected to grow at a CAGR of 17.5% from 2024 to 2030.

• The global centralized refrigeration systems market size was estimated at USD 29.87 billion in 2023 and is projected to grow at a CAGR of 5.0% from 2024 to 2030. 

Key Companies & Market Share Insights

Some of the key players operating in the market include 3D Systems, Inc. and Materialise among others.

• 3D Systems, Inc. is the U.S.-based technology company. The company is involved in the development of Desktop 3D printing products and services such as 3D printers, materials, software, 3D scanners and virtual surgical simulators and haptic design tools. Additionally, the company serves its customers with 3D solutions to manufacture and design complex and unique parts, produce parts locally to reduce the lead time, and eliminate expensive tooling, among others. The company caters to numerous industries and verticals such as aerospace & defense, automotive, healthcare, educational, durable goods, and entertainment.

• Materialise is a Belgium-based technology company operating in the additive manufacturing industry. The company is actively involved in the field of Desktop 3D printing to develop a broad range of software solutions, Desktop 3D printing services, and engineering. The company primarily caters to the industries such as healthcare, aerospace, automotive, consumer goods, and art & design.

Key 3D Printing Companies:

• 3D Systems, Inc.

• 3DCeram

• Arcam AB

• Autodesk, Inc.

• Canon, Inc.

• Dassault Systemes

• EnvisionTec, Inc.

• EOS (Electro Optical Systems) GmbH

• ExOne

• GE Additive

• HP Inc.

• madeinspace.us

3D Printing Market Segmentation

Grand View Research has segmented the global 3D printing market based on component, printer type, technology, software, application, vertical, material, and region: 

3D Printing Component Outlook (Revenue, USD Million, 2017 - 2030)

• Hardware

• Software

• Services

3D Printing Printer Type Outlook (Revenue, USD Million, 2017 - 2030)

• Desktop 3D Printer

• Industrial 3D Printer

3D Printing Technology Outlook (Revenue, USD Million, 2017 - 2030)

• Stereolithography

• Fuse Deposition Modelling

• Selective Laser Sintering

• Direct Metal Laser Sintering

• Polyjet Printing

• Inkjet printing

• Electron Beam Melting

• Laser Metal Deposition

• Digital Light Processing

• Laminated Object Manufacturing

• Others

3D Printing Software Outlook (Revenue, USD Million, 2017 - 2030)

• Design Software

• Inspection Software

• Printer Software

• Scanning Software

3D Printing Application Outlook (Revenue, USD Million, 2017 - 2030)

• Prototyping

• Tooling

• Functional Parts

3D Printing Vertical Outlook (Revenue, USD Million, 2017 - 2030)

• Industrial 3D Printing

o Automotive

o Aerospace & Defense

o Healthcare

o Consumer Electronics

o Power & Energy

o Others

• Desktop 3D Printing

o Educational Purpose

o Fashion & Jewelry

o Objects

o Dental

o Food

o Others

3D Printing Material Outlook (Revenue, USD Million, 2017 - 2030)

• Polymer

• Metal

• Ceramic

3D Printing Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o U.K.

o Germany

o France

o Italy

o Spain

• Asia Pacific

o China

o Japan

o India

o South Korea

o Australia

o Singapore

• South America

o Brazil

• Middle East and Africa (MEA)

o KSA

o UAE

o South Africa

Order a free sample PDF of the 3d Printing Market Intelligence Study, published by Grand View Research.

Recent Developments

• In March 2023, 3D Systems, Inc. announced the launch of NextDent Cast and NextDent Base, two new printing materials, and NextDent LCD1, a printing platform. The materials are designed to enhance material properties, and the printing platform is an easy-to-use small-format printer. With these launches, the company aimed to aid its customers in accelerating additive manufacturing adoption.

• In November 2023, Autodesk Inc. announced the launch of Autodesk AI. This new technology is available in Autodesk products and is designed to provide customers with generative capabilities and intelligent assistance. With the launch of this new technology in Autodesk products, the company aimed to minimize errors by automating repetitive tasks and the needs of its customers.

• In February 2022, Dassault Systèmes has announced a strategic partnership with Cadence Design Systems, Inc. to provide integrated solutions for the development of high-performance electronic systems to enterprise customers in a variety of vertical markets, such as high tech, industrial equipment, and transportation and mobility, aerospace and defense, and healthcare.

[mohankunmars]

3D Printing Market - Forecast(2024 - 2030)

3D printing market is estimated to surpass $118.0 billion by 2030 growing at an estimated CAGR of more than 20.5% from 2024 to 2030. The market is majorly driven by important characteristics i.e. increasing number of government investments in 3D printing projects, ease in production, customizable products and reduction in manufacturing cost. 

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Revolutionizing Tomorrow: Unveiling Trends and Growth in the Dynamic 3D Printing Market

Explore the limitless possibilities of the 3D Printing Market with our in-depth analysis of trends, innovations, and market dynamics. From groundbreaking applications to industry disruptions, stay ahead of the curve in the ever-evolving world of 3D printing. Witness the transformative power of additive manufacturing shaping the future of production and design.

Fetch Sample PDF for 3D Printing Segment-Specific Revenues and Shares, Download a Free Report Sample

Welcome to the forefront of innovation, where layers of possibility converge in the 3D Printing Market. This comprehensive guide unfolds the intricate layers of additive manufacturing, delving into the latest trends, transformative applications, and the dynamic landscape defining the future of production and design.

[chandupalle]

The global 3D printing market size in terms of revenue was estimated to be worth USD 15.0 billion in 2023 and is poised to reach USD 34.5 billion by 2028, growing at a CAGR of 18.1% from 2023 to 2028.

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3d Printing Market Size, Share, Growth and Industry Trends 2024 - 2030

The global 3D printing market size was valued at USD 20.37 billion in 2023 and is expected to register a CAGR of 23.5% from 2024 to 2030. The aggressive research & development in three-dimensional printing and the growing demand for prot otyping applications from various industry verticals, particularly healthcare, automotive, and aerospace & defense, are expected to drive the growth of the market.

The use of 3D printing in industrial applications is usually referred to as additive manufacturing (AM). Additive manufacturing involves a layer-by-layer addition of material to form an object, referring to a three-dimensional file, with the help of software and a 3-dimensional printer. A relevant 3D printing technology is selected from the available set of technologies to implement the process. The last step involves the deployment of this process across different industry verticals based on the necessity.

The deployment includes providing installation services, offering consultation solutions, and customer support, as well as handling aspects related to copyrights, licensing, and patenting. 3D printing is benefiting manufacturers in terms of prototyping, designing of the structure and end products, modeling, and time to market. As a result, the production expenses have been reduced considerably, and the manufacturers are in a position to offer better products at reasonable prices. As a result of these benefits, the demand for 3D printers is expected to be triggered more in the coming years.

Gather more insights about the market drivers, restrains and growth of the 3d Printing Market

3D Printing Market Report Highlights

• 3D printing technology is gaining traction owing to the ability of the technology to offer accurate and rapid prototyping and optimize the time to market. Increasing adoption of 3D printers in the healthcare, automotive, and consumer electronics verticals is likely to drive the market significantly

• The prototyping segment led the market and accounted for more than 54% share of the global revenue in 2023 owing to extensive adoption of the prototyping process across several industry verticals

• The metal segment led the market for 3D printing and accounted for more than 54% share of the global revenue in 2023. This is attributed to the increasing demand for metal 3D printing from industrial verticals such as automotive and aerospace and defense

• The desktop 3D printer type segment, which has been segmented further into educational purpose, fashion and jewelry, objects, dental, food, and others, is expected to adopt the 3D printing technique aggressively over the forecast period

• Demand for desktop 3D printers is expected to increase over the forecast period as 3D printing is gaining popularity among hobbyists for domestic, household, and personal usage, as well as in the education sector for training purposes

• The Asia Pacific market, which is emerging as a manufacturing hub for several industry verticals, is expected to grow significantly as the continued urbanization triggers the need for infrastructure and prompts the automotive, consumer electronics, aerospace and defense, and healthcare verticals to adopt 3D printing, particularly in countries including China, Japan, and South Korea

Browse through Grand View Research's Next Generation Technologies Industry Research Reports.

• The global accelerated processing unit market size was estimated at USD 13.85 billion in 2023 and is projected to grow at a CAGR of 17.5% from 2024 to 2030.

• The global centralized refrigeration systems market size was estimated at USD 29.87 billion in 2023 and is projected to grow at a CAGR of 5.0% from 2024 to 2030. 

3D Printing Market Segmentation

Grand View Research has segmented the global 3D printing market based on component, printer type, technology, software, application, vertical, material, and region: 

3D Printing Component Outlook (Revenue, USD Million, 2017 - 2030)

• Hardware

• Software

• Services

3D Printing Printer Type Outlook (Revenue, USD Million, 2017 - 2030)

• Desktop 3D Printer

• Industrial 3D Printer

3D Printing Technology Outlook (Revenue, USD Million, 2017 - 2030)

• Stereolithography

• Fuse Deposition Modelling

• Selective Laser Sintering

• Direct Metal Laser Sintering

• Polyjet Printing

• Inkjet printing

• Electron Beam Melting

• Laser Metal Deposition

• Digital Light Processing

• Laminated Object Manufacturing

• Others

3D Printing Software Outlook (Revenue, USD Million, 2017 - 2030)

• Design Software

• Inspection Software

• Printer Software

• Scanning Software

3D Printing Application Outlook (Revenue, USD Million, 2017 - 2030)

• Prototyping

• Tooling

• Functional Parts

3D Printing Vertical Outlook (Revenue, USD Million, 2017 - 2030)

• Industrial 3D Printing

o Automotive

o Aerospace & Defense

o Healthcare

o Consumer Electronics

o Power & Energy

o Others

• Desktop 3D Printing

o Educational Purpose

o Fashion & Jewelry

o Objects

o Dental

o Food

o Others

3D Printing Material Outlook (Revenue, USD Million, 2017 - 2030)

• Polymer

• Metal

• Ceramic

3D Printing Regional Outlook (Revenue, USD Million, 2017 - 2030)

• North America

o U.S.

o Canada

o Mexico

• Europe

o U.K.

o Germany

o France

o Italy

o Spain

• Asia Pacific

o China

o Japan

o India

o South Korea

o Australia

o Singapore

• South America

o Brazil

• Middle East and Africa (MEA)

o KSA

o UAE

o South Africa

Order a free sample PDF of the 3d Printing Market Intelligence Study, published by Grand View Research.

[anna743453]

Nanomaterials: Revolutionizing 3D Printing

The global 3D printing materials market size attained a value of approximately USD 2.31 billion in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 26.9%, reaching a value of around USD 19.62 billion by 2032. 🚀

Nanomaterials in 3D Printing: A Miniature Revolution When it comes to 3D printing, we often think about the printers themselves and the objects they create. But what about the materials that make it all possible? Nanomaterials, as tiny as they sound, are playing a monumental role in the 3D printing industry, and in this post, we're diving deep into their world.

Advancements in Nanomaterials Nanomaterials are making waves with their remarkable properties. From enhanced mechanical strength to improved thermal and electrical conductivity, these materials are pushing the boundaries of what's possible in 3D printing. We'll explore some of the latest advancements and how they're changing industries.

Applications Beyond Imagination But what are these nanomaterials being used for? The answer might surprise you. Aerospace, automotive, healthcare, and even environmental initiatives are benefiting from the incredible versatility of nanomaterial-infused 3D prints. We'll uncover some jaw-dropping applications that are already changing the game.

Challenges and the Road Ahead Of course, it's not all smooth sailing. Working with nanomaterials presents its own set of challenges, from safety concerns to regulatory hurdles. We'll discuss these challenges and also peer into the crystal ball to see what the future holds for this groundbreaking technology.

Conclusion The 3D printing materials market is undergoing a revolution, thanks to the tiny but mighty nanomaterials. With their impressive properties and a wide range of applications, they're reshaping industries and sparking innovation. As the market continues to grow at an astonishing rate, we'll be here to keep you updated on the latest developments.

Stay tuned for more insights into the fascinating world of nanomaterials and 3D printing! 🌟

[research-reports-blogs]

The global 3D printing market is projected to achieve a market worth of approximately US$ 27.7 billion by 2023. This growth is anticipated to continue at a remarkable CAGR of 21% from 2023 to 2033. Consequently, the 3D printing sector is forecasted to be valued at around US$ 186.4 billion by the end of 2033.

According to FMI reports, the market is estimated to accelerate at a robust pace as a result of the active three-dimensional printing R&D along with that the rising preference for prototype applications from different industrial verticals is bound to accelerate growth in the market.

[aviationanddefence]

Global defense 3D printing market report

It makes sense that the largest armies in the world have spent hundreds of millions on research and development related to 3D printing. Control over the supply chain is more important in the military business than in any other. It is strategically crucial to shift manufacturing closer to the action since it is costly and time-consuming to ship replacement parts from machine tooling hubs abroad. Because the armed services have long recognised the promise of additive manufacturing, they have utilized 3D printers in the field from the US to Australia.

Presently, soldiers, tanks, submarines, and essential aircraft engines all have 3D printed parts. Since there aren't enough specialized The design process is accelerated by additive manufacturing since less specialized tools are required. In traditional manufacturing, the process of creating the equipment required to produce prototypes and final items might take many months. The defense sector can thus employ the technology to reduce the time required for product development. In traditional manufacturing, the process of creating the equipment required to produce prototypes and final items might take many months. Consequently, the defense industry can use this technology to reduce the time required for product development.

Principal elements influencing defense Growth of the 3D Printing Market:

Defense personnel may now create customized equipment parts and spares on the job site, whenever they need them, thanks to 3D printing technology. This accelerates the market's growth for the Global defense 3D printing market report. They are no longer waiting for last-minute reinforcements on the front lines. The right part can be delivered at the right time thanks to military 3D printing. which opens the door for the defense 3D printing sector to expand. This will boost the growth of the defense 3D printing industry by helping with the manufacturing of specialized components and spare parts, on-site production, on-demand production on the battlefield, and emergency circumstances in challenging terrain.

Factors affecting the size of the defense 3D printing market:

Combat vehicles with monolithic hulls are not new, and research has shown that they can continue to be more durable despite being lighter. These trends relate to the defense 3D printing sector. But standard machine tooling processes are neither economical nor appropriate for producing such large, intricate models in large quantities. However, with the advent of additive manufacturing and the Jointless Hull Programme, defense 3D printing market trends may soon become standard for US combat vehicles. With this level of additive printing technology, it is possible to build combat and support vehicles in three dimensions, increase their impact resistance, and make them lighter and more reasonably priced.

Market Analysis and Forecast for Defence 3D Printing:

projection for the defense 3D printing market New procurement operations will be driven by rising defense spending. Analysis of the defense 3D printing market and procurement will be influenced by the geopolitical landscape that currently exists in Asia Pacific and Europe. Cross-border aggression will lead to increasing procurement of a wide range of platforms, requiring regular replacement of spare parts, according to a defense 3D printing industry analysis.

Analysis of the Defence 3D Printing Market for Recent Advancements:

According to defense 3D printing industry reports, one of the largest battleships in the U.S. Navy now has a 3D printer installed, allowing the crew to quickly make drone replacement parts. The company expects to use additive manufacturing technology to reduce the need to stock replacement components, especially when a ship is at sea, and save time and money. It believes that in the future, 3D printers might be fitted as standard equipment on every battleship. The amphibious assault ship USS Essex is one of the biggest vessels in the navy. The ship was designed to carry Marines into combat. It is 831 feet long and weighs an incredible 40,000 tonnes when fully loaded.