Selective Laser Sintering Market Size, Latest Trends, Scope, Competitive Analysis, Industry Demand And Revenu Outlook || 3D Systems Inc., EOS GmbH Electro Optical Systems, Sinterit sp. z o.o, Farsoon Technologies

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Selective Laser Sintering Market Size, Growth Rate, And Forecast

The global selective laser sintering market size is expected to grow from $1.94 billion in 2022 to $2.37 billion in 2023 at a compound annual growth rate (CAGR) of 22.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global selective laser sintering market size is expected to reach $5.15 billion in 2027 at a CAGR of 21.3%.

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Selective Laser Sintering Market Drivers

The rising demand for consumer electronics is expected to propel the growth of the selective laser sintering market going forward. Consumer electronics are electronic devices such as smartphones, tablets, laptops, TVs, gaming consoles, and wearable devices that are bought for personal rather than commercial use. Selective laser sintering is used in the manufacturing process of consumer electronics products, including smartphones, laptops, and wearable, as a result, the rising demand for consumer electronics increases the demand for the selective laser sintering market. For instance, in April 2020, according to a market figure published by gfu Consumer and Home Electronics GmbH, a Germany-based consumer electronics company, stated that with 31.2 billion Euros in sales in 2021, the consumer electronics segment is up 2.5% from 2020. Additionally, the segment of IT goods for private use, in particular, grew positively, increasing by 3.1% to 8.7 billion euros. Therefore, rising demand for consumer electronics drives the selective laser sintering market.

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Selective Laser Sintering Market Segments

• By Component: Hardware, Software, Services

• By Laser Type: Solid Laser, Gas Laser

• By Material: Metal, Plastic

• By Application: Automotive, Aerospace and Defense, Healthcare, Electronics, Other Applications

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the selective laser sintering market

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Selective Laser Sintering Market Key Players
Major competitors in the selective laser sintering market are 3D Systems Inc., EOS GmbH Electro Optical Systems, Sinterit sp. z o.o, Farsoon Technologies, Sintratec AG, Renishaw Plc., Ricoh Company Ltd., Formlabs Inc.

The Business Research Company's "Global Selective Laser Sintering Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Selective Laser Sintering Market Include:
1. Executive Summary
2. Selective Laser Sintering Market Characteristics
3. Selective Laser Sintering Market Trends And Strategies
4. Selective Laser Sintering Market - Macro Economic Scenario
5. Selective Laser Sintering Market Size And Growth
………………
27. Selective Laser Sintering Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Selective Laser Sintering Market
29. Selective Laser Sintering Market Future Outlook and Potential Analysis
30. Appendix

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