3D Printing Market to Reach $77.83 Billion, Insights on Latest Developments and Innovations Across the Industry

The global 3D printing market is poised to grow with a CAGR of 21% to reach $77.83 billion in 2030, from $14 Billion in 2021 during the forecast period of 2021-2030. 3d printing is swiftly becoming one of the most recognized technologies in the world. It is used in almost every department, from prosthetic body parts to customized eyeglasses and surgical implants to airplane parts. 3D printing is bound to increase soon because it can create complex objects with precision and accuracy within a stipulated time. It can be used in various industries like medicine, construction, and manufacturing because production costs are cheap and efficient.

3D printing Market Insights
• Worldwide 3D printer production was 2.1 million units in 2021, and by 2030 this is expected to reach 21.5 million.
• SLA 3D printing technology was worth nearly $1.6 Billion in 2020 & is forecasted to reach almost $12 billion by 2027.
• The automobile industry generated 27% of global 3D printing sales, which will see further growth in the future.

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3D printing market dynamics
One of the main factors boosting the 3d printing market is that it can produce a customized product, which is why it is mostly used to make medical devices. The ability to produce multiple copies of a product with hardly any mistakes is its plus point. It has a competitive advantage due to the high speed and low cost of 3d printing, and the product life cycle gets reduced. Business gets improved, and it enhances a product allowing them to deliver good products in a short time. Risk is reduced as it boosts quality and consistency in its product, and it even allows product designers to verify product prototypes before ordering a large quantity. 3D printing is much more accessible and available for a wider audience than traditional manufacturing. 3d printing is completely automated, so it doesn't require supervision. The cost of maintenance of the machine is reduced considerably.

Major Table of Contents:
• Worldwide 3D Printing Market Size Estimates and Prediction, By Segments, 2022-2028
o Key Features
o By Component (USD)
Software
Hardware
Services

• By Technology (USD)
Selective Laser Sintering (SLS)
Fused Deposition Modeling (FDM)
Laminated Object Manufacturing (LOM)
Multi Jet Fusion
Polyjet
Digital Light Processing (DLP)
Binder Jetting
Continuous Liquid Interface Production (CLIP)/ Continuous Digital Light Projection (CDLP)
Selective Deposition Lamination (SDL)

• By Application (USD)
Production
Prototyping
Proof of Concept
Others (Tooling, R&D, and Others)

• By End User (USD)
Healthcare
Aerospace and Defense
Automotive
Architecture and Construction
Consumer Products
Education
Others (Food, Fashion, and Others)

• By Region (USD)
North America
Europe
Asia-Pacific
Latin America
Middle-East

• North America 3D Printing Market Size By Segments, 2021-2028
o Key Findings
o By Component (USD)
Hardware
Software
Services

• By Technology (USD)
Fused Deposition Modeling (FDM)
Selective Laser Sintering (SLS)
Stereolithography (SLA)
Direct Metal Laser Sintering (DMLS)/ Selective Laser Melting (SLM)
Polyjet
Multi Jet Fusion
Digital Light Processing (DLP)
Binder Jetting
Electron Beam Melting (EBM)
Continuous Liquid Interface Production (CLIP)/ Continuous Digital Light Projection (CDLP)
Selective Deposition Lamination (SDL)
Laminated Object Manufacturing (LOM)

• By Application (USD)
Prototyping
Production
Proof of Concept
Others (R&D, Tooling, and Others)

• By End User (USD)
Aerospace and Defence
Automotive
Architecture and Construction
Healthcare
Education
Consumer Products
Others (Fashion, Food, and Others)

• By Country (USD)
Canada
By Application
• USA
By Application

The market is pushing the envelope due to investment in 2021. DyeMansion, the producer of post-processing solutions, raised $14 million, whereas ICON raised $207 million in Series B funding and fabric labs got $19.3 million in Series A funding. Desktop 3D printer is forecasted to grow at a high CAGR rate mainly because of the demand for compact and advanced desktop after covid-19.

Based on geographical region, Asia-pacific is expected to see the fastest growth during the estimated period. The growth rate of this region is solely based on the rapid development in the production sector and a keen interest in innovative technology for the efficient supply of manufactured goods. In Asia- Pacific, China is expected to be the leader due to the adoption rate of 3D printers in industrial applications.

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RECENT DEVELOPMENTS
• In 2022, a pilot project was started in South Africa by The Department of Science and Innovation (DSI) where 3D printing technology was used to construct 25 homes to address the shortage of homes in that region.
• In March 2022, 3DGence, a European company, introduced the FFF machine, which is suitable for high-performance materials.
• In Feb 2022, Ultimaker and Imaginarium partnered to create an industrial 3D printer and desktop range in the Indian market.

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Key Players in 3D Marketing Globally
• 3D Systems Corporation (US)
• Voxeljet AG (Germany)
• The ExOne Company (Germany)
• Made in Space, Inc. (US)
• Materilise NV (Belgium)
• Stratasys Ltd. (US)
• Envisiontec, Inc. (Germany)
• Autodesk Inc. (US)
• General Electric Company (GE Additive) (US)
• HP, Inc. (US)

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