Selective Laser Market Size & Analysis – Forecasts To 2025
The selective laser market is projected to grow at a high CAGR on account of growing demand for 3D printing across various industries. New product and prototype development is expected to boost the demand for selective laser sintering. One of the many advantages of using SLS is that it enables rapid production of several pieces at one time. The use of a powder bed is anticipated to deliver quality products.
The use of selective laser in rapid prototyping is considered very profitable for companies engaged in new product development as prototype building helps reduce cost of product development, time to market, and also designs can be optimized for small volume manufacturing.
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Selective Laser Market: Material Insights
On the basis of material, the selective laser market is segmented polymers, metals & alloys, and ceramics. The polymers segment is anticipated to occupy the largest share in the market. Some of the polymers used in the selective laser sintering are polyamide, polyamide aluminum-filled, polyamide glass-filled, rubberlike thermoplastic polyurethane, and polyamide flame-retardant. The metals & alloy market is the second largest segment. The demand for metals and alloys is projected to increase tremendously on account of its increasing use in aerospace, military, healthcare, automotive, and consumer electronics.
Selective Laser Market: Application Insights
On the basis of application, the selective laser market is segmented into aerospace, electronics, automotive, healthcare, defense, education & research, and others. The aerospace segment is expected to occupy the largest share of the market.
The increasing demand for developing prototypes in the aerospace & defense industry such as components, unmanned aerial vehicles parts, and military hardware are projected to propel market demand. The selective laser is also widely used in bone & joint replacement, training aids, and medical implants.
Selective Laser Market: Regional Insights
North America is anticipated to occupy the largest share in 2016. The demand for selective laser in North America is projected to grow on account of increasing investments made in the aerospace, defense, and healthcare sector. Increasing research & development activities undertaken across the verticals is projected to positively influence market growth.
Rapid industrialization and increasing manufacturing activities in the Asia Pacific region are projected to positively influence the demand for the selective laser. Investments in the aerospace & defense and electronics & semiconductor sector are projected to augment market demand in countries such as China, India, and Japan.
Selective Laser Market: End-Use Landscape
The end-use landscape entails a list of current and prospective consumers prevailing across the regions. This section provides company addresses, contact details, products, and regional presence of companies who are purchasing or are likely to purchase intelligent completion over the coming years. Some leading consumers of this market are The Boeing Company, Airbus, Lockheed Martin Corporation and General Dynamics Corporation among others.
Selective Laser Market: Vendor Landscape
The report contains a chapter dedicated to vendors operating in the market, covering raw material manufactures, equipment developers, manufacturers, and distributors. The report provides these insights on a regional level. This section of the report entails contact details, experience, products manufactured/supplied, and geographical presence of companies.
Selective Laser Market Share & Competitor Analysis
Some of the important companies in the selective laser market are 3D Systems, EOS GmbH, Farsoon Technologies, Huake 3D Technology Co. Ltd., Prodways Group, Sharebot, Sinterit, and Sintratec among others. In May 2018, Sinterit launched the Lisa 2 a follow up to its flagship desktop selective laser sintering (SLS) machine.
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