how big is the 3d printing market

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How big is the 3D printing market?

The global 3D printing market was calculated to be USD 12.4 billion in 2020 and is estimated to reach USD 41.7 billion by 2026. Currently, the trend within the 3D printing applications is shifting from prototyping to functional part manufacturing in various verticals, like automotive, medical, aerospace, and trade goods.

Is 3D printing the next big thing?

Yes, 3D printing is the next big thing. Yes, I would argue that in fact 3D printing is the next big thing. 3D printing has been gaining traction, especially in the art world, and is an impressive feat that I feel will become more prominent over time. 3D printing is the future of printing, and it is an impressive future when it comes to printing.

What’s the largest 3D printer?

Concept Laser X Line 2000R – Largest 3D printer in the world Company based: Germany Price: request a quote Build volume: 800 x 400 x 500 mm

Is 3D printing an emerging market?

The emerging economies such as China, India, UAE, Brazil and South Africa are investing substantially on the 3D printing technology. Among the emerging nations, China holds lions share in the 3D printing technology.

What is the market for 3D printing?

The global 3D printing market size was valued at USD 13.78 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 21.0% from 2021 to 2028. Globally, 2.1 million units of 3D printers were shipped in 2020 and the shipments are expected to reach 15.3 million units by 2028. The aggressive R&D in three-dimensional printing (3DP) and the growing demand for prototyping applications from various industry verticals, particularly healthcare, automotive, and aerospace and defense, are expected to drive market growth. The industrial application of 3DP is referred to as Additive Manufacturing (AM) as it 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 necessity.

Why is prototyping important in automotive?

The automotive and aerospace and defense verticals particularly use prototyping to design and develop parts, components, and complex systems precisely. Prototyping allows manufacturers to achieve higher accuracy and develop reliable end products. Hence, the prototyping segment is expected to continue dominating the market over the forecast period.

What is the 3D printing industry?

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. Hence, the design software holds the largest share in 2020 and is expected to continue dominating the market over the forecast period.

What is the prototyping segment?

The prototyping segment led the market and accounted for more than 55% share of the global revenue in 2020. Based on application, the industry has been segmented further into prototyping, tooling, and functional parts. The prototyping segment accounted for the largest share in 2020 owing to extensive adoption of the prototyping process across several industry verticals.

What is functional part?

Functional parts include smaller joints and other metallic hardware connecting components. The accuracy and precise sizing of these functional parts are of paramount importance while developing machinery and systems. The functional parts segment is expected to expand at a significant CAGR of 21.5% from 2021 to 2028 in line with the increasing demand for designing and building functional parts.

Why are industrial printers so popular?

The higher share of industrial 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. Extensive adoption of 3D printing for prototyping, designing, and tooling are contributing to the growing demand from the industrial sector. Hence, the industrial printers segment is expected to continue dominating over the forecast period.

Why is scanning software needed?

This ability to store the scanned images of the objects irrespective of their size or dimensions for 3-dimensional printing of these objects whenever necessary is expected to drive the growth of the scanner software segment over the forecast period.

What is the demand for SLS printing?

With space exploration witnessing a paradigm shift, the demand for SLS printing is expected to mount, with an increasing number of countries gearing up to launch satellites. In addition to that, SLS is also increasingly used in sports vehicles and electric cars.

What is the market for 3D printing?

The 3D printing market was valued at USD 13.7 billion in 2020, and it is expected to reach a value of USD 63.46 billion by 2026, at a CAGR of 29.48% over the forecast period (2021 – 2026). 3D Printing, also known as additive manufacturing, is a technology that creates objects, as it offers a plethora of opportunities in the production, design, and performance of novel architectural forms, construction systems, and materials. It is an innovative, faster, and more agile method of product development and production.

What is SLM Solutions partnership?

May 2021 – SLM Solutions announced a partnership with Solukon for depowdering systems; this partnership allows SLM Solution to utilize Solukon’s flagship machines for different post-processing parts produced in the additive manufacturing processes.

What has increased the availability of additive manufacturing?

Further, the decreased prices of additive manufacturing-based machines and growing expertise and awareness have increased this technology’s availability. Newer and advanced fused deposition modeling methods have enabled the use of diverse materials, thereby boosting widespread adoption across various industries over recent years.

What is additive manufacturing?

Additive manufacturing, also known as 3D Printing, is an automated process used to create rapid prototypes and functional end-use parts. It takes virtual designs from computer-aided design (CAD) software and transforms them into thin, virtual, horizontal layer-wise cross-sections until the model is complete. The 3D printing market’s scope categorizes the various technology used in 3D Printing, ranging from SLA, FDM, SLS, DLM, EBM, etc. The study also categorizes an in-depth study of multiple applications of 3D Printing across various end-user industries, such as automotive, aerospace, and defense, healthcare, construction, and architecture. The categorization is also done based on the material type used, like, metals, plastics, and ceramics, among others.

What is SLS resin?

SLS utilizes 12 powder nylon for raw material as a substitute to the photosensitive resin used in stereolithography. Companies and research organizations worldwide have been identified to take advantage of this material and technology to tackle concerns, such as the brittle nature of the resin when exposed to sunlight.

What are the factors that drive 3D printing?

Fitness trackers and smart apparel are also expected to be driving factors for 3D printing technology in the United States. It is estimated that around 19% of the broadband households had a wearable fitness device. Also, changing consumer preferences and a rising need for customization have bought about a need to create a flexible band and electronics systems that could be realized using 3D printing technology, thereby driving its growth.

What is additive manufacturing?

This technology enables electric vehicle manufacturers to produce lightweight automotive parts such as batteries, engines, and other components. Additive manufacturing has helped manufacturers to speed up electric vehicle manufacturing and is expected to gain traction during the forecast period.

What is additive processing in healthcare?

Additive processing in the healthcare industry helps create artificial tissues and muscles that mimic normal human tissues that can be used in substitution operations. These skills are anticipated to lead to vertical acceptance of 3DP in healthcare and the sector’s development.

What is the market size of 3D printing?

The global industrial 3D printing market size was USD 10.41 billion in 2019 and is projected to reach USD 54.96 billion by 2027, exhibiting a CAGR of 23.5% during the forecast period. The global market is expected to witness exponential growth during the forecast period mainly because of the high adoption of 3D printed materials by numerous …

What is DMLS used for?

DMLS technology incorporates pressure and heat to manufacture parts. DMLS is used to build complicated systems for equipment and machinery components in sectors such as the aerospace and automotive industries.

What is the biggest market share in 2020?

Due to a widespread acceptance of the prototyping process across various vertical industries, the prototyping segment represented the largest market share in 2020. Prototyping helps businesses to achieve greater precision and produce consistent end products. 3D printing or AM helps manufacture 3D computer-aided design (CAD) models and prototypes.

What is the production segment expected to witness?

The production segment is expected to witness strong growth during the forecast period . While manufacturers are shifting their traditional manufacturing units towards advanced manufacturing processes, the adoption of this technology to produce complex and low-volume parts is expected to grow during the forecast period.

Why is 3D printing important?

Aerospace and defense, consumer electronics, and healthcare among others are key adopters of the technology and are looking for innovative ways to automate manufacturing processes. Automotive, aerospace, and defense companies are heavily adopting 3D printed solutions to foster manufacturing processes and reduce costs . In the automotive and defense industry, technology is used to manufacture lightweight electronic components. While the dental application is one of the largest applications of industrial 3D printing technology in the healthcare industry, technology has been highly adopted by medical professionals to create tissues, prosthetics, and medical implants. Thus, with end-user verticals leaning towards advanced technologies to smoothen manufacturing processes, industrial 3D printing will be at the forefront among all.

What is the market for 3D printing?

The worldwide market for 3D printing products and services was valued at around 12.6 billion U.S. dollars in 2020. The industry is expected to grow at a compound annual growth rate of some 17 percent between 2020 and 2023. General Electric has the most 3D printing patents in the United States.

What is the growth rate of 3D printing?

The industry is expected to grow at a compound annual growth rate of some 17 percent between 2020 and 2023. General Electric has the most 3D printing patents in the United States.

Is 3D printing faster than printing?

Printing metals are generally more expensive, such as copper, for example; metals use heavier and more precious materials. This application is generally a slower process and the machinery itself is more expensive. As more businesses begin to have their own printers, printing software will grow faster than printing services .

Will 3D printing become 100 percent of the manufacturing market?

With all the improvements of recent years, it might be asked why 3D printing is growing at “only” 12 percent or so per year. If 3D printers are now that useful in making final parts, why wouldn’t growth be higher still? And will 3D printing ever become the only way things are made?

What is additive manufacturing?

We think of ‘additive manufacturing’ as the scaled application of 3D printing technology. Deloitte is helping clients adopt—and adapt to—this game-changing driver of Industry 4.0. Our goal is to help customers accelerate product design, speed production, create more flexible supply chains, and optimize the manufacturing lifecycle. Learn how additive manufacturing can transform your organization.

How much will 3D printing sales be in 2020?

Deloitte Global predicts that sales related to 3D printing (also known as additive manufacturing) by large public companies—including enterprise 3D printers, materials, and services—will surpass US$2.7 billion in 2019 and top US$3 billion in 2020. (For context, the global manufacturing sector’s revenue as a whole totals roughly US$12 trillion annually. 1) This part of the 3D printing industry will grow at about 12.5 percent in each of those years, more than double its growth rate just a few years ago (figure 1).

How to integrate 3D printing into manufacturing?

To achieve this, organizations need a digital thread that incorporates 3D printing as well as any forming and subtractive technologies they may also use. Companies can examine how they collect, store, and use data in their current manufacturing practices, and then consider if they are storing and using the information coming from the factory floor as effectively as they could. In this way, they can architect a more efficient DTAM. It is easy to imagine scenarios in which all three manufacturing techniques would be used, but these activities would likely need to be supported by a digital backbone (thread) that cuts across the entire manufacturing process.

What is the digital thread in 3D printing?

The “digital thread,” a single seamless strand of data that stretches from the initial design to the finished part, is key to optimizing 3D printing’s production capability. 12 Deloitte calls this the “digital thread for additive manufacturing,” or DTAM.

Why is 3D printing important?

3D printing is experiencing this inflection point likely because companies across multiple industries are increasingly using it for more than just rapid prototyping. 3D printers today are capable of printing a greater variety of materials (which mainly means more metal printing and less plastic printing, although plastic will likely still predominate); they print objects faster than they used to, and they can print larger objects (build volume). A steady stream of new entrants is expanding the market. 3D printing is considered “an essential ingredient” in Industry 4.0, 2 the marriage of advanced production and operations techniques with smart digital technologies that is being heralded as the “Fourth Industrial Revolution.”

What should a company focus on when developing a 3D printer?

Determine where the company should focus: product development, supply chain optimization, or both. Once manufacturers have taken stock of their current capabilities and where they would like to sit within the 3D-printing framework depicted in figure 2, they can begin to develop a roadmap for building and implementing a DTAM or an approach to 3D printing in general. Critically, this should tie to the business case: The emphasis should be on driving business outcomes, not merely building capabilities.

What is extrusion 3D printing?

Extrusion 3D printing is also known as Fused Deposition Modeling, which is one of the additive manufacturing techniques used for prototyping, modeling, and production applications. The extrusion-based method is majorly used for on-site construction. It allows the usage of traditional construction materials such as geopolymer, concrete, cement, clay, and plaster.

What is BIM in construction?

The market is projected to register growth owing to the rising adoption of Building Information Modeling (BIM). The BIM provides a knowledge resource and collaborative platform for engineers, construction professionals, architects, and other stakeholders for efficient execution in designing, planning, and managing various construction decisions. Furthermore, the growing construction sector in emerging countries, increasing emphasis on eco-friendly construction practices, and the need for affordable housing solutions are expected to drive the market growth over the forecast period.

What is Skanska collaboration?

For instance, in May 2020, Skanska, a construction engineering company, announced its collaboration with Loughborough University of the U.K. This collaboration was aimed to accelerate the use of 3D printing technology in the country’s construction sector.

What are the key players in 3D printing?

The key players operating in the 3D printing construction are increasing their footprints across different geographies and entering new untapped marketplaces in emerging countries to expand their customer base and strengthen their geographic presence. The companies are focusing on innovative product development to cater to the growing demand. For instance, in December 2017, Yingchuang Building Technique completed a 3D printed bus stop, the first of its kind, in Jinshan Garden, China. The bus stop was made using recycled waste material.

How does the government encourage innovation?

Additionally, governments are also encouraging innovation through developments across public infrastructure and legislation, which can facilitate the increased adoption of 3D printing. Thus, the growing government efforts to promote 3D printing are accentuating the market growth.

Why is green construction important?

The rise in the adoption of green construction projects is one of the major factors fueling the market growth. Building construction businesses are increasingly adopting 3D printing and green construction methods to reduce construction costs and build energy-efficient buildings. Green construction refers to the practice of using sustainable construction processes and building materials to create buildings posing a negligible environmental impact. According to the World Green Building Trends Survey 2018, around 47% of the surveyed businesses planned that they would build about 60% of their construction projects using green technology by 2021.

Why are 3D printers so expensive?

The materials used in commercial and industrial 3D printers are expensive compared to those used in traditional construction processes. Additionally, factors such as material constraints, limitations of the machinery, and concerns related to intellectual property rights also hinder market growth to a certain extent.

What is SLM in 3D printing?

Selective Laser Melting (SLM) technology led the market and accounted for more than 24.0% share of the global revenue in 2019. Although the advantages and ease of operations associated with the SLM technology are encouraging the adoption of this technology, advances in technology and aggressive research and development activities undertaken by the industry experts and researchers are opening opportunities for several other efficient and reliable technologies. Other technologies used for metal 3D printing include Selective Laser Sintering (SLS), Direct Metal Laser Sintering (DMLS), Inkjet printing, Electron Beam Melting (EBM), Laser Metal Deposition (LMD), Laminated Object Manufacturing (LOM), and Electron-beam Freeform Fabrication (EBF3).

What is the prototyping segment?

The prototyping segment led the market and accounted for more than 55.0% share of the global revenue in 2019 owing to extensive adoption of the prototyping process across several industry verticals. The automotive and aerospace and defense verticals particularly use prototyping to design and develop parts, components, and complex systems precisely. Prototyping allows manufacturers to achieve higher accuracy and develop reliable end products. Hence, the prototyping segment is expected to continue dominating the market over the forecast period.

What is the market for metal 3D printing?

The global metal 3D printing market size was valued at USD 3.0 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 19.2% from 2020 to 2027. Globally, 13.8 thousand units of metal 3D printers were shipped in 2019 and the shipments are expected to reach 180 thousand units by 2027. The metal 3D printing is one such market that has benefitted significantly from the growing necessity of rapid prototyping and advanced manufacturing practices. The industry is poised to witness unprecedented growth over the forecast period owing to the rising application of additive manufacturing in various industry verticals. The global industrial printer market is increasingly advancing towards consolidation to stay ahead of the competition. A substantial growth factor for this market is increasing innovation, which is leading to several benefits through the adoption of metal 3D printing across heavy industry applications.

What is the automotive segment?

The automotive segment led the market and accounted for more than 16.0% share of the global revenue in 2019. Other verticals include aerospace and defense, healthcare, consumer electronics, industrial, power, and energy, among others. The aerospace and defense, healthcare, and automotive verticals are anticipated to contribute significantly toward the growth of the metal 3D printing over the forecast period owing to the active adoption of technology in various production processes associated with these verticals.

What is functional part?

Functional parts include smaller joints and other metallic hardware connecting components. The accuracy and precise sizing of these functional parts are of paramount importance while developing machinery and systems. The functional parts segment is expected to expand at a significant CAGR of 24.1% from 2021 to 2028 in line with the increasing demand for designing and building functional parts.

Why is metal 3D printing important?

The market is poised to witness high demand arising prominently from the healthcare, automotive, and aerospace and defense sectors. Growing advancements in the healthcare sector so as to curb physical disabilities and ensure healthy living are influencing the sector to flourish and adopt new innovative methodologies, such as 3D printing.

Which country is the largest market for additive manufacturing?

North America dominated the market and accounted for over 35.0% share of global revenue in 2019 owing to the extensive adoption of additive manufacturing in the region. North American countries, such as the U.S. and Canada, have been one of the prominent and early adopters of these technologies in various manufacturing processes. The regional market is offering lucrative opportunities for metal 3D printing in different applications. Europe happens to be the largest region in terms of its geographical footprint. It is home to several additive manufacturing industry players, which hold strong technical expertise in additive manufacturing processes. Hence, the European regional market happens to be the second largest.

What is ExOne 3D printer?

ExOne specializes in manufacturing 3D printing machines for customers across various industries. It also produces 3D printed products to specification for industrial customers. ExOne 3D printers utilize binder jetting technology, fusing powder particles of materials like metal or sand into molds, cores, and other products.

What is a faros?

The company’s products include coordinate measuring machines, laser trackers and projectors, mappers, scanners, and software. FARO also serves the aerospace, automotive, and power generation industries.

What is 3D printing?

The manufacturing process known as 3D printing is one of the most promising and rapidly developing technologies with applications across a multitude of industries. 3D printing involves the additive layering of thin sheets of material that are fused together to create a physical product from a digital design.

When was Proto Labs founded?

Proto Labs was founded in 1999 with a focus on building automated solutions to develop plastic and metal parts used in the manufacturing process. The company expanded to launch an industrial-grade 3D printing service that allowed developers and engineers to move prototypes into the production process.

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