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Global 3D Printing Market To See 23% CAGR to 2020 Says a Research Report Available at ReportsnReports.com
DALLAS, July 28, 2014 /PRNewswire-iReach/ -- The global 3D printing market is segmented on the basis of technology, material, application, and geography. The technology segment comprises of Stereo lithography (SLA), Laser Sintering, Electron Beam Melting (EBM), Fused Disposition Modeling (FDM), Laminated Object manufacturing (LOM), Three Dimensional Inkjet printing (3DP), and other proprietary technologies. The global 3D printing market by material comprises polymers, metals/alloys, and others (ceramics, sand, and paper).
The application segment includes aerospace industry, automotive consumer products, healthcare, government and defense, industrial/business machines, education & research, and others (arts, architecture). Health care and aerospace are the two fastest growing application areas for 3D printing. The stringent requirements such as light weight and accurate & precise design requirements for airplanes parts are the major driving factors behind the growth of 3D printing in the aerospace industry, over traditional manufacturing methods. However, the increasing medical procedures' volumes due to the growing population, rising income levels, low labor costs, and increasing health awareness are responsible for the tremendous growth of 3D printing in healthcare sector, as well. Complete report is available at http://www.reportsnreports.com/reports/270520-3d-printing-market-by-technology-sla-sls-ebm-fdm-ebm-lom-3dp-materials-polymers-metal-application-aerospace-automotive-consumer-healthcare-government-defense-geography-americas-europe-apac-row-2013-2020-.html .
3D printing has been evolving as a technique to create 3D models and prototypes, in many industries, namely, automotive, aerospace, healthcare, and consumer products- in order to investigate the possibility of completing a project in lesser time and with few resources. However, in the last two decades, 3D printing has made a radical shift from rapid prototyping to rapid manufacturing, mainly, because of its advantages over traditional manufacturing practices such as injection molding, CNC machining, and vacuum casting. These advantages include innovative designing, high adaptability levels, less time to market, and less tooling requirements.
The ability of 3D printing to print almost any geometry with a variety of materials makes this technology a preferred choice, especially, in those markets which are characterized by high individualization, low volume, and high value; such as aerospace and healthcare. The major driving factors that support the exponential growth of 3D printing include the development of new and improved technologies, financial support from governments, large application areas, rapid product development at a low cost, and ease in development of custom products.
The competitive landscape segment in the report covers all the key growth strategies of several major players as well as startups in the global 3D printing market; including 3D Systems, 3T Rpd, Arcam Ab, Autodesk, Concept Laser, Envisiontec Gmbh, Eos, Esma, Exone, Gpi Prototype& Manufacturing Services Inc, Hoganas Ab, Layerwise, Luxexcel, Materialise Nv, Mcor Technologies Ltd, Microtec Gesellschaft Fr Mikrotechnologie Mbh, Optomec Inc, Organovo Holdings, Ponoko, Stratasys, Inc and Voxeljet Ag. Order a copy of this report at www.reportsnreports.com/Purchase.aspx?name=270520 .
This report also presents a detailed overview of the overall 3D printing market by enveloping all the major market segments with a detailed qualitative analysis at each and every aspect of the segmentation. All the numbers are forecast from 2013 till 2020, to give a glimpse of the possible revenue potential in this market within this period. Priced at US$4650 for a single user PDF, a discount on this research report can be requested at http://www.reportsnreports.com/contacts/discount.aspx?name=270520 .
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Explore more reports on semiconductor and electronics at www.reportsnreports.com/market-research/semiconductor-and-electronics/ .
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