DUBLIN, April 13, 2023 /PRNewswire/ — The “3D Printing Market By Component, By Printer Type, By Technology, By Application, By Material, and By Region Forecast to 2030” report has been added to ResearchAndMarkets.com’s offering.
3D printing has a significant market share USD 12.65 billion It is projected that revenue compound annual growth rates (CAGRs) will reach 22.6% in 2021.
There are many factors that have contributed to the growth of this market, including the growing demand for 3D printing in construction, medical implants and underwater printing, and the adoption advanced technologies such Industry 4.0 and smart factories, robotics and Machine Learning (ML).
The development of medical 3D printer technology has made a huge impact in the medical sector. It has provided new tools and therapeutic techniques that provide a greater level of comfort and customized care for patients. 3D imaging techniques such as MRI and X-Ray CT allow for the creation of patient-specific models that can be used to 3D print. This allows for a better understanding and application of pathological and anatomical features in a clinical setting.
These models can be used to practice implantation and other surgical procedures. Medical device companies can also use 3D printing for rapid development and testing of drug delivery devices like injectors and inhalers. 3D printing also allows the creation of novel geometries, such as trabecular lactices, that encourage bone growth on a particular implant.
The process of 3D printing (also known as additive manufacturing) involves layering materials using a digital file called Computer-Aided Design. You can use different types of metals, ceramics, and polymers for 3D printing. This allows you to create complex designs that are difficult to make using traditional methods.
Another factor contributing to the market’s growth is the rising demand for 3D printing in dental technology. Because of their speed and accuracy, desktop dental 3D printing is used in many dental offices worldwide.
Dental 3D printing is a way for dentists create customized designs for a variety of products, including dental prosthetics and dental implants. These are vital in restoring the dental structure.
3D printers can make dental appliances faster, with less labor and lower costs than manual methods. The market is growing because dental laboratories combine oral scanning, 3D printing, CAD/CAM design, and CAD/CAM to create crowns, bridges and stone models.
Market Dynamics
3D printing is in high demand in the automotive industry
The automotive industry is seeing a rise in 3D printing demand, especially for lightweight components. Desktop 3D printers allow engineers and designers to use this technology in-house. Certain plastic materials, such as polypropylene, are widely used for dashboard components, airflow, modified fluid systems, and other applications. Market revenue is growing because of the increasing demand for 3D printers in the automotive industry. The most popular items printed are fixtures, prototypes, and cradles that require rigidity and strength.
A number of factors are driving the 3D printing market, including lower errors, easier development and lower development costs. It also allows for intricate custom designs to be created. This has allowed consumers to design products to meet their individual needs such as shoes or toys. This has helped drive further revenue growth.
Professional 3D printers have the ability to print high-performance thermoplastics with Continuous Fibre Reinforcement. This has opened up new aerospace applications for additive manufacturing. Professional 3D printers can print larger parts faster. These factors are all driving 3D printing revenue growth.
3D printing can pose potential dangers
There are many risks involved in 3D printing. This depends on the printer used and the materials used. Powdered printing materials can be irritated and inhaled. Printers that use lasers may have different hazards than those that melt materials at high temperatures. There are many risks associated with 3D printing. For example, the release of toxic chemicals and particles can pose a health risk to anyone who comes in contact with them via skin or inhalation. Also, 3D printing at large scale is expensive and can hinder the market’s growth.
These are the Key Takeaways
Component Outlook
There are three types of 3D printing market: hardware, software and services based upon components. Software is expected to account for a large revenue share during the forecast period. 3D printing software makes it easy to create 3D objects. It converts 3D modeling data into data that a 3D Printer can understand. 3D printing is often done using slicer software. This software divides a 3D model in pieces that the printer can use to build the object.
3D printing software is driving market revenue growth in makerspaces and creative studios which use 3D printers. 3D software works on the mathematical concept geometry. Each 3D element is assigned a component, X, Y, and Z. The variety of tasks 3D software can perform, including layout, animation, rendering, modelling, and modeling, is driving this segment’s market growth.
Type of Outlook Printer
According to printer type, the 3D printing market can be divided into industrial printers and desktop printers. The desktop 3D printer market is expected to see significant revenue growth over the forecast period. The desktop 3D printer is compact and can build items from scratch. It can also be used on a standard desk.
They are small and portable, making them great for small workstations. Market revenue growth is also driven in part by 75% of desktop 3D printing machines being used for business purposes, and 25% used for gaming or entertainment. The compact desktop 3D Printer converts computer design data to physical models. This is fast, accurate, and easy.
Technology Outlook
Stereo lithography, Fuse Deposition Modelling, (FDM), Selective Laser Sintering, (SLS), Direct Metal Laser Sintering, (DMLS), inkjet printing and electron beam melting (EBM), digital light processing, laminated object manufacture, and other segments of the 3D printing market are all available.
Fuse Deposition Modifying (FDM) accounted to a significant revenue share for 2021. FDM 3D printing (also known as additive manufacturing) is a technique that makes parts layer-by-layer using thermoplastic polymers. It uses filaments and selectively deposits melted material along a specific route.
FDM/FFF 3D printing is gaining popularity because of its ease of use. This segment is driving increased market revenues. FDM 3D printing allows firms to streamline their manufacturing processes and produce finished products in less time than traditional methods.
Application Outlook
Prototyping, tooling and functional parts are the segments of the 3D printing market. These segments are based on their application. The prototyping market is expected to see significant revenue growth over the forecast period. Rapid prototyping is a method that uses 3D printing to make models of products and then modify it to meet the final design. Prototyping can be a useful tool in many industries as it allows for iterations to achieve the desired outcome. This is helping drive market revenue growth.
Material Outlook
The market segmentation of 3D printing is polymer, metal and ceramic based on materials. Over the forecast period, significant revenue growth is expected for the metal segment. Metal 3D printers are capable of creating complex parts from generatively designed structures to unique cooling channels. They can also create strong and reliable parts that can be used in challenging situations. Metal components can be printed to enable organizations to be more responsive and flexible. A metal 3D printer is possible
We cover the following key topics:
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Chapter 3.
Chapter 4. 3D Printing Market Segmentation & Impact Analysis
4.1. 3D Printing Market Segmentation Analysis
4.2. Industrial Outlook
4.2.1. 4.2.1.
4.2.2. Market drivers’ analysis
4.2.2.1. Growing prototyping, product innovation, and time to market
4.2.2.2. 3D printing: Increasing the benefits
4.2.2.3. Increased government investment in 3D printing projects
4.2.2.4. Rising demand for 3D printing in construction, medical implants, and underwater printing
4.2.3. Analyse of market restraints
4.2.3.1. High material cost and limited availability
4.2.3.2. 4.2.3.2.
4.2.3.3. 3D printing can pose dangers
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Analysis of the Competitive Metric Space
4.8. Trend Analysis of Price
4.9. Customer Mapping
4.10. 4.10.
4.11. Global Recession Influence
Chapter 5. 3D Printing Market By Component Insights & Trends
5.1. Component Dynamics & Market Share, 2022 & 2030
5.2. Hardware
5.3. Software
5.3.1. 5.3.1.
5.3.2. Market forecasts and estimates by region, 2019 – 2030 (USD billion)
5.3.3. Design Software
5.3.4. Inspection Software
5.3.5. Printer Software
5.3.6. Scanning Software
5.4. Services
Chapter 6. 3D Printing Market By Printer Type Insights & Trends
6.1. Printer Type Dynamics & Market Share, 2022 & 2030
6.2. Desktop 3D Printer
6.3. Industrial Printer
Chapter 7. 3D Printing Market By Technology Insights & Trends
7.1. Technology Dynamics & Market Share, 2022 & 2030
7.2. Stereolithography
7.3. Fuse Deposition Modelling (FDM)
7.4. 7.4.
7.5. Direct Metal Laser Sintering
7.6. Polyjet Printing
7.7. Inkjet Printing
7.8. Electron Beam Melting (EBM)
7.9. Laser Metal Deposition
7.10. Digital Light Processing
7.11. Laminated Object Manufacturing
7.12. 7.12.
Chapter 8. 3D Printing Market By Application Insights & Trends
8.1. Application Dynamics & Market Share, 2022 & 2030
8.2. Prototyping
8.3. Tooling
8.4. 8.4.
Chapter 9. 3D Printing Market By Material Insights & Trends
9.1. Material Dynamics & Market Share, 2022 & 2030
9.2. 9.2.
9.3. Metal
9.4. Ceramic
Chapter 10. Chapter 10.
Chapter 11. Competitive Landscape
Chapter 12. Chapter 12. Company Profiles
Companies Mentioned
- Markforged Inc.
- 3DCeram.
- Autodesk Inc.
- Canon Inc.
- Dassault Systemes
- Envisiontec US LLC.
- Zygo Corporation
- ExOne
- GENERALELECTRIC
- Materialise.
For more information about this report visit https://www.researchandmarkets.com/r/mz0vjf
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