Press release
Selective Laser Sintering Market Worth US$ 6.67 Billion by 2027 at 21.30% CAGR | Featuring: 3D Systems Inc., EOS GmbH Electro Optical Systems
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What is the projected market size & growth rate of the Selective Laser Sintering Market?
The global selective laser sintering market reached a value of US$ 2.01 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 6.67 Billion by 2027, exhibiting a CAGR of 21.30% during 2022-2027.
What is Selective Laser Sintering?
Selective laser sintering (SLS) represents three-dimensional (3D) and powder-based additive manufacturing (AM) technology that uses a high-powered laser to fuse or melt small particles of polymer and nylon powders into a solid structure. It assists in collecting detailed coordinates of the model from computer-aided design (CAD) software, providing high mechanical load capacity, avoiding complex design failures during production processes, etc., thereby reducing operational costs. Consequently, selective laser sintering is extensively utilized by manufacturers and engineers in the commercial sector for producing small polymers and prototyping functional components. Presently, it is commercially available in varying laser types and material forms, such as solid and gas.
Impact of COVID-19:
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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What are the major market drivers in the selective laser sintering market?
The inflating need for effective printing solutions across several industrial verticals for designing and manufacturing heavy equipment parts at reduced costs and duration is primarily driving the selective laser sintering market. Additionally, the escalating demand for consumer electronics, on account of the expanding electronics sector, is augmenting the adoption of SLS to design global positioning systems (GPS) and dishwasher exterior bodies, which is further catalyzing the market growth.
Besides this, the introduction of direct metal laser sintering (DMLS), that uses a high-power and computer-operated laser beam and aids in building fully functional metal prototypes is acting as another significant growth-inducing factor. Moreover, the rising investments in R&D activities to manufacture advanced SLS production tools, including molds and jigs, are anticipated to fuel the selective laser sintering market over the forecasted period.
Key Market Segmentation:
The report has segmented the market on the basis of region, type and application.
Breakup by Type:
• Metal
• Plastic
Breakup by Application:
• Automotive
• Aerospace
• Defense
• Others
Breakup by Region:
• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa
What are the top players operating in the Selective Laser Sintering Market?
• 3D Systems Inc.
• EOS GmbH Electro Optical Systems
• Farsoon Americas Corp
• Fathom Manufacturing
• Formlabs Inc.
• Nexa3d Inc.
• Prodways Group
• Renishaw plc
• Ricoh Company Ltd.
• Sharebot S.r.l.
• Sinterit sp. z o.o
• Sintratec AG.
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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