BIS Research actively engages in producing comprehensive reports on various research fields revolving around 3D Printing, mainly comprising: Additive Manufacturing research, 3D printing Material Market, Metal Market, and Powder Market analyses. The reports present various kinds of detailed insights on each of the following components, as compiled by the team of analysts at BIS Research.
The increased usage of 3D printing, or Additive Manufacturing, in various industries such as aerospace, automotive, medical and healthcare sectors has proven to be a boon towards achieving a positive growth trajectory in the market.
In 2017, the global 3D printing market for automotive and aerospace industry in terms of value was valued at $3.07 billion, which is expected to reach $9.36 billion by 2023 with a Compound Annual Growth Rate (CAGR) of 17.86% during the forecast period 2018-2023.
The global 3D printing software and services market is estimated to register a CAGR of 25.2% between 2017 and 2021. This growth in the market is attributed to the increasing demand from various end use application verticals such as healthcare industry, consumer industry, automotive industry, fashion & aesthetics industry, aerospace & defense industry, education industry and architecture industry, among others.
The global 3D printing plastic and photopolymer materials market is estimated to reach $1865.4 million by 2023. This is driven by a number of factors such as their cost effectiveness as compared to metals, reliable properties, government initiatives and rising investments for R&D, advancement in technologies and product development, ease of availability of materials, accurate printing speeds, lower labor costs and high demand in the end-use industry.
In 2015, the global 3D bio printer market generated total market size of $148.5 million and the market is estimated to multiply extensively and reach $581.8 million by 2022. The main reason for this increase is the growing need of 3D bioprinting technology in pharmaceutical industry, universities, research labs, hospitals, clinics and other essential areas.
The global desktop 3D printer market is estimated to reach more than $2.35 billion in terms of revenue and around 2.6 million units in terms of sales volume by 2022. A constant governmental support, decreasing costs, and growing demand of desktop 3D printers from various consumer sectors are some of the key reasons responsible for the rapid growth of this market.
The U.S. generated the maximum amount of revenue in the year 2015 in the global 3D printing materials market among all the countries; whereas, Japan and China have the maximum potential to grow in the forecast period. If the industry has the prospects of growing with the same pace, it will cross $1.52 billion in total market by the end of forecast period 2022.
The non-metal 3D printing market is estimated to reach more than $9.28 billion by 2022 at a CAGR of 28.9% through the forecast period (2016-2022). The market has been tracked along the lines of its components, application areas, and geography.
3D Printing technology in India is revolutionizing the conventional manufacturing industry, owing to its huge advantages. The technology allows printing with suitable range of materials in lesser time. The conventional methods which are used to develop models, prototypes or direct parts usually are costlier and time consuming. Heavily weighted components which are usually manufactured by conventional methods can now be 3D printed with lighter materials.
The study involves segmentation of 3D printing healthcare industry based on technology, end-point application, various applicable materials, and geography. The market potential of 3D printing in healthcare industry has been analyzed on the basis of aforementioned segments.
The proliferation of 3D printing technology at an industrial level can be attributed to the growing advancement in the arena of metal 3D printing. The process of metal 3D printing is now paving its way into the mainstream manufacturing industry. Owing to the gradual developments occurring in the field of technology as a whole, metal 3D printing is now proving to be an indispensable part of the manufacturing sector.