#printed electronics market

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Understanding the Key Drivers of Printed Electronics Market and Future Prospects

The global printed electronics market was valued at USD 8.66 billion in 2021 and is projected to grow at a robust compound annual growth rate (CAGR) of 22.3% during the forecast period. This impressive growth can be attributed to the increasing adoption of printed electronic products across various industries, driven by their ability to be integrated into a wide array of dynamic and innovative applications. Notably, sectors such as the Internet of Things (IoT) and consumer electronics are seeing rapid expansion, which has significantly contributed to the demand for printed electronics.

One of the primary factors fueling this growth is the rising penetration of IoT devices. As IoT becomes more ubiquitous, it opens up numerous opportunities for the deployment of printed electronics in a variety of IoT devices, including smart sensors, wearable electronics, and connected products. This broadens the scope of printed electronics, providing a wider range of applications within IoT ecosystems. Furthermore, printed electronics are increasingly being used in consumer electronics, offering unique advantages such as low production costs, higher efficiency, and low power consumption—all of which are essential for the next generation of smart devices.

Another key trend driving the adoption of printed electronics is the growing demand for advanced display technologies, such as Organic Light Emitting Diode (OLED) displays. OLEDs, known for their superior performance and energy efficiency, are increasingly being incorporated into products like smartphones, televisions, and wearable devices. Printed electronics play a crucial role in reducing the production costs of OLED displays, which makes this technology more accessible to manufacturers and ultimately lowers the cost of end products for consumers. Similarly, printed RFID (Radio Frequency Identification) devices are gaining traction due to their affordability, small form factor, and efficient performance, further expanding the applications for printed electronics.

Gather more insights about the market drivers, restrains and growth of the Printed Electronics Market

Regional Insights

The growth of the inkjet printing segment can be largely attributed to the unique advantages of inkjet technology, which includes its compact design, flexibility in printing, and low material consumption. Inkjet technology is characterized by its ability to directly direct ink onto a substrate, ensuring minimal wastage and low initial setup costs. This technology is highly versatile, making it suitable for a variety of applications ranging from prototyping to large-scale industrial production. Since inkjet printing uses minimal ink and produces less material waste, it is a cost-effective solution for many industries, especially in terms of energy efficiency and resource optimization. Additionally, inkjet technology is adaptable, allowing for flexible integration into different stages of the production process, further enhancing its value for manufacturers.

Asia Pacific Market Insights

The Asia Pacific (APAC) region led the global market in 2021, accounting for over 45.00% of the total revenue share. This dominant market share is primarily due to the growing adoption of printed electronics technology in consumer electronics applications. The APAC region is home to some of the largest electronics manufacturing hubs, such as China, South Korea, and Japan, which contribute significantly to the market's expansion. In particular, China plays a key role in the production of consumer electronics, solidifying its position as a major driver of the market. The increasing demand for smart devices, IoT products, and wearable electronics in the region has created a high demand for printed electronics, which are essential for the production of flexible, lightweight, and energy-efficient devices.

Looking forward, the Asia Pacific market is expected to retain its dominant position and grow at the fastest CAGR during the forecast period. This is driven by the rapid development of the electronics manufacturing sector in the region, as well as the continuous technological innovations within the printed electronics space. The region's robust infrastructure and high-tech manufacturing capabilities provide a solid foundation for the adoption of printed electronics across industries such as consumer electronics, automotive, and healthcare. Additionally, the region's proactive approach to research and development (R&D) further contributes to its market leadership.

North America and Europe Market Insights

While Asia Pacific dominates the global printed electronics market, North America and Europe are also expected to see steady growth in the coming years. The growth in these regions is mainly driven by increasing investments in R&D, as well as the growing adoption of printed electronics in diverse industrial applications, such as photovoltaic cells, lighting, and RFID devices.

• In North America, the demand for printed electronics is expanding due to the region's focus on technological advancements and the adoption of innovative solutions. The rise of smart building technologies, solar power applications, and wearable electronics in the U.S. and Canada is significantly driving the demand for printed electronics in these countries.

• In Europe, the market is benefiting from the increasing adoption of eco-friendly technologies, sustainability initiatives, and the growing popularity of consumer electronics. Europe is home to a strong base of technology-driven companies that are keen to adopt cutting-edge solutions like printed electronics. Furthermore, the region's high investments in smart manufacturing and industrial automation are expected to contribute to the steady growth of printed electronics in the coming years.

Browse through Grand View Research's  Electronic Devices Industry Research Reports.

• The global broadcast switchers market size was valued at USD 2.39 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2030. 

• The global inspection camera system market size was valued at USD 390.0 million in 2024 and is expected to grow at a CAGR of 11.2% from 2025 to 2030. 

Key Companies & Market Share Insights

Key companies operating in the printed electronics market are focused on expanding their presence across various regions to meet the growing demand from consumers. Many of these companies are targeting emerging markets to broaden their customer base, often through strategic partnerships, acquisitions, and market expansions. To stay competitive in this rapidly evolving market, companies are investing heavily in research and development (R&D), aiming to create innovative products and enhanced printing capabilities. This focus on continuous innovation allows them to maintain a competitive edge in the market.

An example of such a strategic move is E Ink Holdings Inc., which, in April 2021, entered into an agreement with DATA MODUL, a company specializing in touch, display, and embedded monitor solutions. Through this partnership, E Ink Holdings expanded its reach in the U.S. and European markets, particularly focusing on the increasing demand for e-paper and electronic display technologies. Such collaborations highlight the trend of companies leveraging strategic agreements to enhance their market positioning and gain a competitive advantage in the growing printed electronics space.

Some of the prominent players operating in the global printed electronics market are:

• BASF SE

• DuPont

• Molex, Inc.

• PARC, a Xerox company

• E-Ink Holdings, Inc.

• Thin Film Electronics ASA

Order a free sample PDF of the Printed Electronics Market Intelligence Study, published by Grand View Research.

[aadeshmmr]

The size of the printed electronics market was estimated at US$ 11.49 billion in 2022, and it is anticipated that total income from printed electronics will increase by 17.3% between 2023 and 2029 to reach US$ 35.12 billion.

[chandupalle]

The global printed electronics market in terms of revenue was estimated to be worth USD 9.9 billion in 2021 and is poised to reach USD 23.0 billion by 2026, growing at a CAGR of 18.3% from 2023 to 2028.

[writerblogs]

Printed Electronics Market is Booming Owing to Advancements in Materials and Printing Technologies

The global Printed Electronics Market is estimated to be valued at USD 9.9 billion in 2021 and is expected to exhibit a CAGR of 18.3% over the forecast period (2023-2028), as highlighted in a new report published by Coherent Market Insights.

A) Market Overview:

The printed electronics market is experiencing significant growth due to advancements in materials and printing technologies. Printed electronics offer several advantages such as low-cost manufacturing, flexibility, and the ability to create lightweight and compact devices. This has led to their widespread adoption in various industries including consumer electronics, healthcare, automotive, and aerospace. Despite the numerous benefits, the market faces challenges such as the limited lifespan of printed electronics and the need for high-level expertise in manufacturing processes.

B) Market Key Trends:

One key trend driving the growth of the printed electronics market is the increasing demand for flexible displays. With the rising popularity of wearable devices and smartphones with curved screens, there is a growing need for flexible and bendable displays. Printed electronics enable the production of flexible displays by using flexible substrates and conductive materials. For example, companies like Xerox Corporation and PARC are developing innovative solutions for flexible displays using printed electronics technology.

C) Segment Analysis:

The Printed Electronics Market is segmented based on application and printing technology. Consumer electronics segment dominates the market, owing to the increasing adoption of printed electronics in devices such as smartphones, tablets, and televisions. Within the consumer electronics segment, the display application holds the largest market share due to the growing demand for high-resolution and energy-efficient displays. For instance, companies like E-Ink Holdings Inc. are leveraging printed electronics technology to produce electronic paper displays (EPDs) used in e-readers and electronic shelf labels.

D) Key Takeaways:

- The global printed electronics market is expected to witness high growth, exhibiting a CAGR of 18.3% over the forecast period, due to increasing demand for flexible displays, especially in the consumer electronics segment.

- Asia Pacific is the fastest growing and dominating region in the printed electronics market, driven by the presence of major electronics manufacturers and the growing demand for printed electronic components in countries like China, Japan, and South Korea.

- Key players operating in the global printed electronics market include Ensurge Micropower ASA, T+ink, Inc., NovaCentrix, Optomec Inc., Xerox Corporation, E. I. du Pont de Nemours and Company, Vorbeck Materials Corporation, Inc., Intrinsiq Materials, Inc., BASF SE, E-Ink Holdings Inc., Molex.Inc, and PARC.

As the printed electronics market continues to grow, advancements in materials and printing technologies will further expand its application areas. The market is expected to witness increased investments in research and development activities to overcome the existing challenges and improve the lifespan of printed electronics. With its potential to revolutionize various industries, printed electronics hold a promising future.

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Printed Electronics Market Segmented On The Basis Of Material, Technology, Device, Region And Forecast To 2030: Grand View Research Inc.

San Francisco, 2 May 2023: The Report Printed Electronics Market Size, Share & Trends Analysis Report By Material (Substrate, Ink), By Technology (Inkjet, Screen), By Device (Displays, RFID), By Region (Asia Pacific, Europe), And Segment Forecasts, 2022 – 2030 The global printed electronics market size is projected to reach USD 52.58 billion by 2030, registering a CAGR of 22.3% over the forecast…

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PCBs: The Shift from Wire Wrap and Point-to-Point Construction to Automated Manufacturing

Printed Circuit Boards (PCBs) have revolutionized the electronics industry by replacing earlier methods of circuit construction such as wire wrap and point-to-point wiring, both of which were once popular but have now become rarely used due to the growing demand for efficiency, precision, and automation.

Wire Wrap and Point-to-Point Construction: A Historical Overview

In the early days of electronic devices, wire wrap and point-to-point construction were the dominant methods for assembling circuits. Wire wrap involved wrapping a thin wire around a post at each connection point, while point-to-point wiring involved manually connecting components with individual wires. Both methods were labor-intensive and prone to errors, making them less suitable for complex circuits.

While these techniques worked for early applications, they struggled to keep pace with the rapid development of modern electronics, especially as devices grew smaller and more complex. The manual nature of both wire wrap and point-to-point methods meant that they were time-consuming, required skilled labor, and were prone to inconsistency.

The Evolution to PCBs

The advent of PCBs marked a significant departure from these earlier methods. A PCB is a flat board made of non-conductive material, typically fiberglass or composite epoxy, onto which conductive pathways are etched or printed. These pathways, known as traces, connect different electronic components, such as resistors, capacitors, and integrated circuits, without the need for manual wiring.

PCBs offer numerous advantages over wire wrap and point-to-point construction:

Compact Design: PCBs allow for compact and organized circuit layouts, making them ideal for modern electronics where space is a premium.

Reduced Complexity: By eliminating the need for individual wires, PCBs simplify the layout of complex circuits.

Enhanced Durability: The soldered connections on a PCB are more reliable and durable than hand-wrapped or manually connected wires.

Scalability: PCBs are easily scalable for mass production, unlike manual methods that require individual attention to each connection point.

Design Challenges and Automation in PCB Manufacturing

Although PCBs offer many advantages, their design requires careful planning. Unlike wire wrap and point-to-point methods, where connections can be made on-the-fly, PCBs must be carefully designed before they can be manufactured. The layout of a PCB involves placing components and designing the traces that connect them, a process that can be intricate and time-consuming.

To address these challenges, Electronic Design Automation (EDA) software plays a critical role in modern PCB design. EDA tools automate many of the tasks involved in laying out a circuit, including optimizing the placement of components and routing the traces to avoid errors such as short circuits or excessive electromagnetic interference (EMI). These tools not only speed up the design process but also ensure that the resulting board meets the necessary electrical and mechanical requirements.

Automation in PCB Manufacturing and Assembly

Once the design is finalized, PCB manufacturing and assembly can be fully automated. Automated systems can produce large volumes of PCBs with extreme precision, which is essential for industries like consumer electronics, aerospace, and telecommunications.

Manufacturing: Automated machines create PCBs by etching conductive traces onto the board, drilling holes for component leads, and applying solder masks. These processes are highly efficient and scalable for mass production.

Assembly: Surface-mount technology (SMT) and through-hole technology (THT) are commonly used in automated assembly processes. Robotic arms place components onto the board with precision, followed by soldering processes that create strong electrical connections.

Conclusion

While wire wrap and point-to-point construction were once popular techniques for assembling circuits, the advent of PCBs has made these methods largely obsolete. PCBs require additional design effort, but the rewards in terms of automation, reliability, and scalability make them the preferred choice for modern electronics. With the help of electronic design automation software and automated manufacturing processes, PCBs have become the foundation of the modern electronics industry, enabling the rapid production of complex devices with high precision and efficiency.

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Exploring the Future of Printed Electronics Market: Innovations and Trends

The global printed electronics market was valued at USD 8.66 billion in 2021 and is projected to grow at a compound annual growth rate (CAGR) of 22.3% over the forecast period. This rapid growth is driven by the increasing adoption of printed electronic products across diverse applications. Printed electronics are gaining significant traction due to their versatility and ability to be integrated into various dynamic application areas, particularly within the Internet of Things (IoT) and consumer electronics. The expansion of IoT technologies is providing considerable growth opportunities for printed electronics, as it widens the scope of their applications, especially in sectors such as healthcare, automotive, smart homes, and industrial automation.

A significant driver of this market is the rising demand for advanced OLED displays and printed RFID devices. These technologies, which are integral to modern electronic systems, are increasingly relying on printed electronics because of their advantages, including low production costs, higher efficiency, and low power consumption. As the demand for energy-efficient, high-performance electronic products grows, printed electronics technologies provide a compelling solution for both manufacturers and consumers alike. These technologies are not only more cost-effective compared to traditional electronics manufacturing but also support sustainability by reducing material waste and energy consumption during production.

Gather more insights about the market drivers, restrains and growth of the Printed Electronics Market

Material Insights

The printed electronics market is broadly segmented into two main categories: inks and substrates. Among these, the inks segment accounted for the largest share of more than 78.00% of the market in 2021. This dominant share is expected to continue, with the inks segment predicted to grow at the fastest rate during the forecast period. The significant adoption of printed electronics technology across various industries is driving the extensive use of inks. These inks are essential for printing electronic components onto substrates, and their applications span a wide range of industrial sectors, including automotive, consumer electronics, wearable devices, packaging, and healthcare.

The versatility of printed inks, particularly in terms of conductivity, transparency, and adhesion to different surfaces, makes them an ideal solution for numerous applications. As the technology continues to evolve, the demand for specialized inks with improved properties (e.g., increased conductivity, flexibility, and printability) is expected to further drive the growth of the inks segment. Moreover, the ongoing advancements in ink formulations are enabling the production of high-performance printed electronics that are lighter, thinner, and more efficient, which is particularly important in sectors like wearable technology and smart packaging.

The substrates segment, which is the second major component in the printed electronics market, is expected to experience the second-fastest growth rate over the forecast period. Substrates are the foundational material onto which electronic components are printed, and their choice plays a critical role in the overall performance and cost-efficiency of the printed electronics. Flexible substrates, in particular, have gained significant traction due to their ability to enable the production of mechanically flexible circuits. These flexible substrates are used in applications ranging from wearable devices to flexible displays and smart packaging. Flexible substrates also help to lower production costs, as they are typically cheaper than traditional rigid materials and allow for more versatile manufacturing techniques.

The inkjet and screen-printing methods are commonly used to print onto rigid substrates like glass and silicon, while mass-printing methods (such as gravure printing and offset printing) are employed for printing onto flexible substrates such as foils and paper. Among the most widely used materials for flexible substrates is Polyethylene Terephthalate (PET), which is preferred due to its low cost and high temperature stability. PET's properties make it ideal for use in a variety of printed electronic applications, as it can withstand the heat generated during the printing process while remaining durable and cost-effective. This flexibility, coupled with its robustness, positions PET as a key material in the printed electronics market.

As the industry continues to innovate, new materials are being explored for use as substrates, including bio-based polymers and smart materials, which further expand the range of applications for printed electronics. These developments offer exciting potential for future applications in areas like healthcare sensors, wearable technology, and automotive electronics.

Order a free sample PDF of the Printed Electronics Market Intelligence Study, published by Grand View Research.

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The United States printed electronics market size is projected to exhibit a growth rate (CAGR) of 16.60% during 2024-2032. 

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Automotive 3D Printing Market - Forecast(2024 - 2030)

Automotive 3D Printing Market Overview

Automotive 3D printing market is expected to reach $1.8 billion by 2026 at a CAGR of 11.1% during the forecast period 2021-2026, owing to increasing research and development activities and innovations which is strengthening the automotive industry worldwide. Similarly, with a huge capital investment in automotive technology, several manufacturers are focusing on light weight vehicles to decrease the fuel consumption and low emission. Among all the R&D activities, 3D printing in automotive has come up with a rapid pace and gaining attention in the global automotive industry for rapid prototyping. According to the Chinese Passenger Car Association (CPCA), demand for electric car is growing progressively. This is due to the rising development of lightweight automobile parts utilizing 3D automobile printing technologies. The Chinese Government has rendered the development of additive manufacturing technologies a priority in the region. International companies are urged to create subsidiaries, although some domestic companies are also driven by government policies. Collaboration with other industry leader companies to incorporate various technology such as stereo lithography, selectrive laser sintering and digital light processing into their manufacturing process and create innovative product innovations would help them achieve strategic edge over their competitors.

Automotive 3D Printing Market Report Coverage

The report: “Automotive 3D Printing Market – Forecast (2021-2026)”, by IndustryARC covers an in-depth analysis of the following segments of the Automotive 3D Printing market

By Material: Metals, Polymer, Others (Ceramic and Glass) By Technology: Stereolithography, Selective Laser Sintering, Electron Beam Melting (EBM), Fused Disposition Modeling, Laminated Object Manufacturing, Three Dimensional Inject Printing, Others By Application: Prototyping & Tooling, Manufacturing Complex Components, Research, Development & Innovation, Others By Geography: North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle east and Africa)

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Key Takeaways

Automotive 3D printing in North America is growing at significant rate owing to the stringent governmental regulations regarding automobiles and auto parts are regulated through the National Highway Traffic Safety Administration (NHTSA) and the U.S Environmental Protection Agency (EPA). 

The exceptional growth prospects of the electric vehicles market is a major growth factor for the 3D printing automotive market owing to its importance in electric vehicles. 

The automotive OEMs are partnering with the leading 3D printing companies like Stratatsys, Shining 3D, SLM Solutions are largely concentrating on the technologies like stereo lithography, fused deposition modeling, and Laser sintering.

Automotive 3D Printing top 10 companies include Stratasys Inc., 3D System, Materialise NV, Renishaw PLC, SLM Solutions, ExOne, Envisiontec Inc., EOS,   Arcam AB, Autodesk, Inc., among others.

Automotive 3D Printing Market Segment Analysis - By Application

Manufacturing complex components is growing at a highest CAGR of 12.1% in the forecast period. Complex components with internal cavities require multiple subcomponents held together by a variety of processes in the standard subtractive manufacturing process. As 3D printing is in nature an additive, it can create identical parts as single objects, allowing for less inspections and improved efficiency in the workflow. With Additive Manufacturing, designs with complex geometries only distribute build material where conformity with automotive performance standards is strategically necessary. 3D-printed pieces often weigh less than half of the weight of their cast or machined counterparts. A single click away from the mouse dramatically attenuates the design process with on-the-fly alterations. Moreover, early adopters used one-of-a-kind printed prototypes for wind tunnel testing in the automotive industry. In addition additive Manufacturing processes provide cost-effective alternatives to traditional automotive component manufacturing, especially complex and unique parts. Further additive manufacturing helps companies to create complex designs that require fewer parts for these components to be produced. As a result, companies may reduce the assembly time and also experience a decrease in quality problems. Delphi, an Irish tier 1 supplier to the automotive industry, used a metal 3D printing method known as Selective Laser Melting to produce a single piece aluminium diesel pump. With this, the company achieved a remarkable reduction in the number of parts available for the pump, thereby avoiding a few post-processing steps and simplifying the assembly process. The end result was a finished product of higher quality as it reduced the low-time fluid and is less vulnerable to leakage, with lower manufacturing costs. Hence these factors are analysed to drive the market in the forecast period 2020-2025.

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Automotive 3D Printing Market Segment Analysis - By Technology

Selective Laser Sintering (SLS) in automotive 3D Printing is growing at a CAGR of 13.5% in the forecast period. Selective Laser Sintering is an additive manufacturing or 3d printing technology that can be used for processing many types of materials such as polymers, metals, ceramics, and composites to create complex parts. It's areas of applications include automotive, aerospace tooling, biomedical as well as architecture. In addition SLS technology based 3d printing helps in building much stronger and durable prototypes than other technologies, thus causing its demands over applications ranging from low volume production to rapid prototyping of automotive parts and components. Such factors have been helping this technology towards boosting its growth in the 3d printing automotive market in the forecast period. Moreover, this technology has been considered to be one of the fastest as well as widely used 3d printing  process due to it scalability of printing multiple automotive parts simultaneously, thus maximizing the build space for the auto manufacturers.  Due to this, auto manufacturers are able to build high amount of parts and fixtures within less time intervals, thus boosting their productivity standards. Since this technology has been helping in reducing additional costs for automakers, many major automotive companies have been highly shifting towards adopting selective laser sintering 3d printing for building vehicle parts more easily along with cost efficiency. As a part of this, recently FAW-Volkswagen Automotive Co. Ltd, a joint venture between FAW Group, Volkswagen and Audi revealed about producing prototypes for more than 5,000 parts a year deploying laser sintering technology. Further deployment of 3d printing technology across the automotive industry helped in reducing the overhead operational costs along with speeding up the design iteration process, thus driving its demands in the automotive sector in the forecast period 2021-2026.

Automotive 3D Printing Market Segment Analysis- By Geography

Automotive 3D printing in North America is growing at significant rate of 12.2% CAGR through 2026 owing to the stringent governmental regulations regarding automobiles and auto parts are regulated through the National Highway Traffic Safety Administration (NHTSA) and the U.S Environmental Protection Agency (EPA).  Such regulations are related to improve the vehicle safety standards as well as reduce the vehicle emissions. Such factors have been creating high deployments of electric vehicles in the country, in order to comply with such laws, thereby boosting the market growth of 3d printing technology. Moreover, rising growth of automobiles has caused the various automakers to shift towards advanced technologies in order to increase mass production of vehicles more efficiently within lesser time intervals along with reducing fuel consumption. As a part of this, one of the major U.S auto manufacturer, General Motors had invested in Autodesk’s software with 3d printing in effort to produce lighter vehicle parts through mass reduction and parts consolidation. Deploying of such lighter auto parts eventually helps in cutting the high fuel consumption costs for the customers, thus driving the automobiles demands. Such initiatives have been helping in boosting the growth of 3d printing in automotive market in the forecast period 2021-2026.

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Automotive 3D Printing Market Drivers

Impressive Growth of Electric Vehicles 

The market for electric vehicles is growing all across the globe, however, the electric vehicle market growth in China is quite significant. The exceptional growth prospects of the electric vehicles market is a major growth factor for the 3D printing automotive market owing to its growing importance in electric vehicles. 3D printing is seen as a solution by the OEMs in the global market. The automotive OEMs are partnering with the leading 3D printing companies like Stratatsys, Shining 3D, SLM Solutions are largely concentrating on the technologies like stereo lithography, fused deposition modeling, and Laser sintering. These technologies have high experience on the creating cost effective and composite parts that aid to improve the efficiency of the vehicles. 

Growing Investments in 3D printing or additive manufacturing 

Global 3D Printing Automotive Market is gaining traction due to the huge funds towards research and development of manufacturing technologies and materials. New manufacturing processes are being deployed to satisfy the increasing demand of consumers. The automotive companies are poised to lead the technological transformation in manufacturing. In April 2018, BMW invested $12m in a new additive manufacturing campus, Located Munich, Germany. BMW states that it is already using additive manufacturing to make prototype components in Shenyang (China) and Rayong (Thailand). Going forward, it plans to integrate additive manufacturing more fully into the local production structure of China and allow small production runs for customizable components. The HP and Guangdong companies have disclosed a new production-grade Additive Manufacturing centre in Dali, Foshan China. The venture in 10 HP Multi Jet Fusion 3D printing systems and is HP’s largest deployment of production-grade 3D printing in the Asia Pacific. Chinese State-Owned Enterprises (SOE) and Privately Owned Enterprises (POEs) together have planned to operate in China by establishing joint ventures involving foreign. The JVs in particular have an advantage in leveraging their global platform in creating vehicles, particularly for the Chinese market.

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Automotive 3D Printing Market Challenges

Low speed Production

Additive manufacturing is facing speed of production challenges, which limits mass production potential. Advances are being made in additive manufacturing processes such that companies can create reliably unique parts and mass produce them and create custom parts for individual markets. The additive manufacturing technique is a game changer in industries where higher production costs are outweighed by the additional value generated by the manufacturing technique. However, the automotive industry is a high volume industry that requires great production speeds to make profits. The low production speeds of the additive manufacturing technique is seen a major impediment for wider adoption of the manufacturing technique in the automotive industry. In an attempt to tackle this challenge, high speed additive manufacturing has become an important area of research.

Automotive 3D Printing Market Landscape

Technology launches, acquisitions, Expansions, Partnerships and R&D activities are key strategies adopted by players in the automotive 3D printing market. In 2019, the market of automotive 3D printing industry outlook has been fragmented by several companies.  Automotive 3D Printing top 10 companies include Stratasys Inc., 3D System, Materialise NV, Renishaw PLC, SLM Solutions, ExOne, Envisiontec Inc., EOS,   Arcam AB, Autodesk, Inc., among others.

Acquisitions/Technology Launches

In 2020 Rimac launched the Rimac Design Challenge. The winning design was the Rimac Scalatan, a spectacular concept by Max Schneider which offered a unique window into what our world and the transport industry could look like in 2080. The car comes with an aerodynamic carbon-nanotube graphene outer surface that sits on top of a generative-design chassis made from 3D printed titanium graphite.

In June 2019, In order to make the benefit of advertised fuels available to widely valued consumers around the world, HPCL has figured out the solution by offering aftermarket fuel performance enhancing additives in compact small pouches. Vinner Petrol Plus and Vinner Diesel Plus will be available on the market in different sizes of pouches.