Global 3D printing market is estimated to be worth $17.5 Bn in 2021 and is projected to grow at a CAGR of 21% between 2021 to 2031.
The market is predicted to increase due to strong R&D in three-dimensional printing (3D Printing) and rising demand for prototype applications from several industrial verticals, including healthcare, automotive, and aerospace and military. Because it involves the layer-by-layer addition of material to construct an object referring to a three-dimensional file with the use of software and a 3-dimensional printer, the industrial application of 3D Printing is referred to as additive manufacturing.
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Segmentation:
By Product
- Plastics
- Ceramics
- Metals
By End User
- Electronics & Consumer Products
- Automotive
- Medical
- Industrial
- Education
- Aerospace
By Type
- ABS Filament
- PLA Filament
- PVA Filament
- PET Filament
Key Players:
- 3D Systems Corporation
- Arkema S.A.
- HP Inc
- Proto Labs Inc.
- SABIC
- Stratasys Ltd.
- LPW Technology Ltd.
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Furthermore, technical breakthroughs such as artificial intelligence (AI) and machine learning (ML) are accelerating the adoption of 3D printing machines since these technologies enable automated printing for more efficient production.
It’s also used in the fashion sector to manufacture jewelry and clothing that’s made of nylon. Furthermore, 3D printing is used in the healthcare industry to create customized hearing aid shells, braces, and tooth implants. Biological materials such as bone, skin, and cartilage are now being used in the fabrication of prosthetic components, and businesses are investing in research and development.
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