Pune, Oct. 30, 2020 (GLOBE NEWSWIRE) -- The global 3D printing market size is slated to reach USD 51.77 billion by 2026, surging at a CAGR of 25.8% during the forecast period. Rising application of 3D printing technology in healthcare is set to gain prominence as a key growth driver for this market in the forthcoming years. According to a study published in the medical journal ‘Quantitative Imaging in Medicine and Surgery’, 3D printing has attained popularity in the medical field owing to its wide-ranging applications, such as in orthopedics and tumor imaging. The technology has enabled medical professionals to create patient-specific body parts and organs using data from CT and MRI scans. For instance, the US National Institutes of Health reported that 3D-printed accurately replicated anatomical structures for treating aortic dissection and aortic aneurysm using CT scans of patients. Thus, the healthcare industry stands to benefit from the increasing advancements in 3D printing solutions.
Click here to get the short-term and long-term impact of COVID-19 on this Market.
Please visit: https://www.fortunebusinessinsights.com/industry-reports/3d-printing-market-101902
Fortune Business Insights™ states in its report, titled “3D Printing Market Size, Share & Industry Analysis, By Component (Hardware, Software, and Services), By Technology (Fused Deposition Modeling (FDM), Selective Laser Sintering (SLS), Stereolithography (SLA), Direct Metal Laser Sintering (DMLS/SLM), PolyJet, Multi Jet Fusion (MJF), Digital Light Processing (DLP), Binder Jetting, Electron Beam Melting (EBM), Continuous Liquid Interface Production (CLIP/CDLP), Selective Deposition Lamination (SDL), and Laminated Object Manufacturing (LOM)), By Applications (Prototyping, Production, Proof of Concept, and Others), By End-User (Automotive, Aerospace and Defense, Healthcare, Architecture and Construction, Consumer Products, Education, and Others) and Regional Forecast, 2019-2026”, that the value of this market stood at USD 8.58 billion in 2018.
Request a Sample Copy of the Global Market Research Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/3d-printing-market-101902
The report also contains:
- An elaborative overview of the general industry outlook;
- SWOT analysis of the market through a comprehensive analysis of its drivers, trends, and restraints;
- Meticulous segmentation of the market and a piece-meal study of the individual segments; and
- In-depth evaluation of the regional and competitive dynamics shaping the market in the given time period.
Enhanced Productivity Benefits to Boost Additive Manufacturing Market Growth
3D printing technology carries a variety of benefits for manufacturers. For example, on account of its accuracy in printing different items, 3D printing tools are being heavily utilized in primary production stages to identify defects and thereby increase the overall quality and performance of the final product. Furthermore, 3D-printed products can be more easily modified than conventionally manufactured objects, accelerating the 3D printing solutions market revenue. Lastly, this technology allows manufacturers to customize and personalize products as per the customer’s choice, which is likely to govern the 3D printing market trends in the near future.
Ask for Customization: https://www.fortunebusinessinsights.com/enquiry/customization/3d-printing-market-101902
North America to Have a Tight Grip on the Market; Asia-Pacific to Grow at Breakneck Speed
North America, boasting a market size of 3.39 billion in 2018, is poised to dominate the 3D printing market share in the forecast period. Increasing investment in advanced manufacturing technologies, presence of major players, and a stable economy is propelling the additive manufacturing market revenue in North America.
The market in Asia-Pacific is projected to showcase fastest growth among the regions owing to government promotion of new-age technologies in manufacturing and rising demand for customized products. In the Middle East and Africa, growth is expected to be steady as the uptake of modern software solutions in manufacturing picks up pace.
Rising Focus on R&D Activities to Characterize Market Competition
The 3D printing market analysis reveals that key players in this market are intensely focused on elevating their R&D capacities to develop innovative products for different industries and consolidate their position.
Key Industry Developments:
- October 2019: California-based Made in Space announced that it will launch its Plastic Recycler towards the International Space Station (ISS) in November 2019. The product will convert the plastic waste generated by the 3D printer on the ISS into feedstock for the company’s 3D printer, Additive Manufacturing Facility.
- March 2019: Optomec Inc. exhibited its path-breaking Aerosol Jet systems which will enable 3D printing of electronic goods on structural metals such as aluminum and stainless steel. More importantly, the system would reduce costs by up to 75% compared to conventional heater attachments.
Have any Query? Speak to Analyst at: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/3d-printing-market-101902
Top Players Covered in the 3D Printing Market Report:
- 3D Systems Inc.
- Arcam EBM
- Autodesk Inc.
- Envisiontec Inc.
- ExOne
- Hoganas AB
- Made in Space Inc.
- Materialise
- Optomec Inc.
- Ponoko Inc.
- Stratasys Ltd.
- Voxeljet AG
Major Table of Contents:
- Introduction
- Definition, By Segment
- Research Approach
- Sources
- Executive Summary
- Market Dynamics
- Drivers, Restraints and Opportunities
- Emerging Trends
- Key Insights
- Macro and Micro Economic Indicators
- Consolidated SWOT Analysis of Key Players
- Global 3D Printing Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Size Estimates and Forecasts
- By Component (Value)
- Hardware
- Software
- Services
- By Technology (Value)
- Fused Deposition Modeling (FDM)
- Selective Laser Sintering (SLS)
- Stereolithography (SLA)
- Direct Metal Laser Sintering (DMLS/SLM)
- Polyjet
- Multi Jet Fusion (MJF)
- Direct Light Projection (DLP)
- Binder Jetting
- Electron Beam Melting (EBM)
- Continuous Liquid Interface Production (CLIP/CDLP)
- Selective Deposition Lamination (SDL)
- Laminated Object Manufacturing (LOM)
- By Application (Value)
- Prototyping
- Production
- Proof of Concept
- Others
- By End-User (Value)
- Automotive
- Aerospace and Defense
- Healthcare
- Architecture and Construction
- Consumer Products
- Education
- Others
- By Region (Value)
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
- By Component (Value)
TOC Continued......!
Quick Buy – 3D Printing Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/101902
Have a Look at Related Research Insights:
Internet of Things (IoT) Security Market Size, Share & COVID-19 Impact Analysis, By Component (Software, and Services), By Enterprise Size (SMEs, and Large Enterprises), By Deployment (Cloud and On-Premise), By Product Type (Network Security, Endpoint Security, Application Security, Cloud Security, and Others), By Application (Smart Homes, Smart Manufacturing, Connected Logistics, and Others), By End-use Industry, and Regional Forecast, 2020-2027
Digital Signature Market Size, Share & COVID-19 Impact Analysis, By Component (Software, Hardware, and Services), By Deployment (Cloud, and On-Premises), By Enterprise Size (Large Enterprises and Small & Medium Enterprises), By Industry (BFSI, IT and Telecommunications, Government, Healthcare & Life Science, Education, Retail, Real Estate, and Others), and Regional Forecast, 2020-2027
Video Conferencing Market Size, Share & COVID-19 Impact Analysis, By Component (Solution and Services), By Conference Type (Telepresence, Integrated, Desktop, and Service-based Video Conferencing System), By Deployment (Cloud, On-premises), By Enterprises Size (Small and Medium Enterprises (SMEs), Large Enterprises), By Application (Small Rooms, Huddle Rooms, Middle Rooms, and Large Rooms), and Regional Forecast, 2020-2027
Team Collaboration Software Market Size, Share & COVID-19 Impact Analysis, By Component (Solution, Services), By Deployment (Cloud, On-Premises), By Enterprise Size (SMEs, Large Enterprises), By End-User (Banking, Financial Services and Insurance (BFSI), IT and Telecommunications, Manufacturing, Retail and Consumer Goods, Healthcare, Transportation and Logistics, Education, Others), and Regional Forecast, 2020-2027
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We therefore offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US: +1-424-253-0390
UK: +44-2071-939123
APAC: +91-744-740-1245
Email:
sales@fortunebusinessinsights.com
Fortune Business Insights™
LinkedIn |
Twitter |
Blogs
Read Press Release: https://www.fortunebusinessinsights.com/press-release/3d-printing-market-9479
