Press release
3D Printing in Eyewear Market Projected to Hit US$ 1.76 Billion by 2031, Riding a 11.9% CAGR Surge from 2022
Market Overview
The global 3D printing in eyewear market, valued at US$ 580.4 million in 2021, is projected to grow at a robust CAGR of 11.9% from 2022 to 2031, reaching a market value of US$ 1.76 billion by 2031. 3D printing technology has revolutionized the eyewear industry by enabling the production of customized, lightweight, and aesthetically pleasing eyewear solutions.
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Key Developments
In July 2021, Adidas America, Inc. introduced matte black performance frames utilizing the latest generation of 3D printers that weave a flexible nylon structure. This collaboration with 'Marcolin' demonstrates the potential of 3D printing technology in creating innovative and functional eyewear designs.
September 2021 witnessed Optiswiss, a Swiss-based lens manufacturer, partnering with Luxexcel to introduce commercial 3D printed lenses to the market. This partnership aims to leverage Luxexcel's 3D printing lens technology to produce prescription lenses for the smart eyewear market, highlighting the growing adoption of 3D printing across the eyewear value chain.
Market Segmentation
The market is segmented based on various parameters:
Material: Nylon (Polyamide), Metal, Resins, Others (Wood, Carbon, graphene, etc.)
Type: Off The Shelf, Customized
Technology: Selective Laser Sintering (SLS), Stereolithography (SLA), Multi Jet Fusion, Digital Light Processing (DLP), Fused Deposition Modelling (FDM), Others (Binder Jetting, Selective Laser Melting (SLM), etc.)
Application: Sunglasses, Optical Glasses, Safety Glasses, Sports Glasses
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Regional Analysis
The market is analyzed across regions including North America, South America, Europe, Asia Pacific, and the Middle East & Africa, with each region presenting unique growth opportunities influenced by factors such as technological adoption, consumer preferences, and regulatory landscape.
Market Drivers and Challenges
Market Drivers:
Technological Advancements in 3D Printing
Growing Demand for Customized Eyewear Solutions
Increasing Focus on Lightweight and Durable Materials
Market Challenges:
High Initial Investment Costs
Regulatory Compliance and Quality Assurance
Limited Adoption in Emerging Markets
Market Trends
Customization and Personalization: 3D printing enables the creation of bespoke eyewear solutions tailored to individual preferences, leading to increased consumer engagement and brand loyalty.
Material Innovation: Manufacturers are exploring novel materials such as wood, carbon, and graphene to enhance the durability, flexibility, and aesthetics of 3D printed eyewear products.
Future Outlook
The global 3D printing in eyewear market is poised for significant growth, driven by factors such as increasing consumer awareness, technological advancements, and the shift towards sustainable and eco-friendly manufacturing practices.
Key Market Study Points
Market Size and Growth Projections
Competitive Benchmarking and Market Share Analysis
Technological Innovations and Material Developments
Regulatory Landscape and Compliance Requirements
Competitive Landscape
Key players in the 3D printing in eyewear market include Adidas America, Inc., Carbon, Inc., Forma Eyewear Ltd, Formlabs, HOYA, LuxCreo, Inc., Luxexcel, Luxottica Group, Materialise, MONOQOOL, MYKITA GmbH, Photocentric Ltd, Rapid 3D, and others.
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Transparency Market Research, a global market research company registered at Wilmington, Delaware, United States, provides custom research and consulting services. The firm scrutinizes factors shaping the dynamics of demand in various markets. The insights and perspectives on the markets evaluate opportunities in various segments. The opportunities in the segments based on source, application, demographics, sales channel, and end-use are analysed, which will determine growth in the markets over the next decade.
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