Software For 3D Printers Market is expected to reach USD 89.12 billion by 2032 ,Segments Analysis by Top Key Players :Zbrush, Sylvain Huet, Materialise, Maxon, Autodesk, 3D Systems, Ultimaker, EOS, Stratasys, Tinkercad, ExOne, Hot-world GmbH & Co. KG, Das

The global 3D printing market size is expected to reach USD 89.12 billion by 2032 according to a new report by MR Accuracy Reports The market is expected to expand at a CAGR of 21.1% from 2022 to 2032. 3D Printing (3DP) is also referred to as Additive Manufacturing (AM) as it involves successive addition of layers of materials in various 2D shapes using an additive process. These layered 2D shapes build upon one another to form a three-dimensional object. The process is different from the subtractive method of production, which begins with a block of material and the unnecessary material is ground out to obtain the desired object.

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Key Industry Insights & Findings from the report:

3D printing technology is gaining traction owing to the ability of the technology to offer accurate and rapid prototyping and optimize the time to market. Increasing adoption of 3D printers in the healthcare, automotive, and consumer electronics verticals is likely to drive the market significantly.
The prototyping application segment dominated the market in 2021 and is expected to maintain its lead over the forecast period.
The metal material segment led the market in 2021 and is expected to maintain its lead over the forecast period. This is attributed to the increasing demand for metal 3D printing from industrial verticals such as automotive and aerospace and defense.
The desktop 3D printer type segment, which has been segmented further into educational purpose, fashion and jewelry, objects, dental, food, and others, is expected to adopt the 3D printing technique aggressively over the forecast period.
Demand for desktop 3D printers is expected to increase over the forecast period as 3D printing is gaining popularity among hobbyists for domestic, household, and personal usage, as well as in the education sector for training purposes.
The Asia Pacific market, which is emerging as a manufacturing hub for several industry verticals, is expected to grow significantly as the continued urbanization triggers the need for infrastructure and prompts the automotive, consumer electronics, aerospace and defense, and healthcare verticals to adopt 3D printing, particularly in countries including China, Japan, and South Korea.

Some of the Major Key players profiled in the study are Zbrush, Sylvain Huet, Materialise, Maxon, Autodesk, 3D Systems, Ultimaker, EOS, Stratasys, Tinkercad, ExOne, Hot-world GmbH & Co. KG, Dassault Systemes, Protolabs, Voxeljet, Siemens, Zortrax, PTC, Prodways Group

Due to the COVID-19 pandemic, according to World Bank statistics, global GDP has shrunk by about 3.5% in 2020.

T3D printing technology happens to be a capital-intensive technology. At the same time, manufacturers are holding on to their misconception about prototyping, rather than realizing the advantages associated with 3D printing. Moreover, the market lacks the standard process controls and a skilled workforce required for 3D printing. These are some of the factors that are expected to restrain the market growth. However, government initiatives aimed at increasing awareness and promoting the benefits of adopting 3D printers are expected to help in countering the market restraints.

3D Printing Market Segmentation

Grand View Research has segmented the global 3D printing market based on component, printer type, technology, software, application, vertical, material, and region:

3D Printing Market - Component Outlook (Revenue, USD Million, 2017 - 2030)

Hardware
Software
Services
3D Printing Market - Printer Type Outlook (Revenue, USD Million, 2017 - 2030)

Desktop 3D Printer
Industrial 3D Printer
3D Printing Market - Technology Outlook (Revenue, USD Million, 2017 - 2030)

Stereolithography
Fuse Deposition Modelling
Selective Laser Sintering
Direct Metal Laser Sintering
Polyjet Printing
Inkjet printing
Electron Beam Melting
Laser Metal Deposition
Digital Light Processing
Laminated Object Manufacturing
Others
3D Printing Market - Software Outlook (Revenue, USD Million, 2017 - 2030)

Design Software
Inspection Software
Printer Software
Scanning Software
3D Printing Market - Application Outlook (Revenue, USD Million, 2017 - 2030)

Prototyping
Tooling
Functional Parts
3D Printing Market - Vertical Outlook (Revenue, USD Million, 2017 - 2030)

Industrial 3D Printing
Automotive
Aerospace & Defense
Healthcare
Consumer Electronics
Industrial
Power & Energy
Others
Desktop 3D Printing
Educational Purpose
Fashion & Jewelry
Objects
Dental
Food
Others
3D Printing Market - Material Outlook (Revenue, USD Million, 2017 - 2030)

Polymer
Metal
Ceramic

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Demand from Manufacturing Sectors, Development of Individualized 3D Printing Products, Government Initiatives, and R&D Investments Drives the Global Market

The market for three-dimensional printing-related software and services is expanding due to the growing use of technology across various industries. As a result of the market's evolution in the industry, automation is becoming increasingly common in manufacturing sectors. Manufacturing firms will increase their investment in this area because it lowers costs by reducing the need for labor and because it can produce goods close to home. The ability to create complex designs, quick manufacturing, and shorter development times and costs contribute to the product's current market demand.

3D printing can help manufacture final products in many end-use verticals. Professional environments benefit monetarily and operationally from this technology's improved efficiency and cost-effectiveness. Customers gravitate toward individualized, cost-effective products and solutions, and automation is growing in many business sectors. 3D Printing is widely used in industry to improve product manufacturing and reduce time to market. The industrial sector has shown the most interest in adopting 3D printing technology, resulting in the largest market share for industrial 3D printers over the forecast period. During the forecast period, additive manufacturing will advance.

Growing Easy-to-use Software Create Tremendous Opportunities

Increasing 3D printing in the aerospace industry to produce vehicle bodies, seats, engine parts, and rotor blades drives the aerospace segment of the 3D printing software and services market. 3D design software users can create any size or shape of the product. This software can be used for 3D modeling and visualizing, engineering, drawing, interior design, and other tasks. Print-on-demand services allow users to outsource 3D printing, eliminating the need to buy and install a printer. Manufacturing companies will invest more because it reduces labor costs and can produce goods locally. These possibilities include supply chain reorganization, product design and development, and customization services.

What is the goal of the report?

The market report presents the estimated size of the ICT market at the end of the forecast period. The report also examines historical and current market sizes. During the forecast period, the report analyzes the growth rate, market size, and market valuation. The report presents current trends in the industry and the future potential of the North America, Asia Pacific, Europe, Latin America, and the Middle East and Africa markets. The report offers a comprehensive view of the market based on geographic scope, market segmentation, and key player financial performance.

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