Military 3D Printing Market Size, Trends, Key Players and Competitive Landscape

The global military 3D printing industry was estimated at $0.88 billion in 2021, and is set to reach $7.5 billion by 2031, growing at a CAGR of 24.8% from 2022 to 2031.

Surge in military applications, rise in investments made by government in defense technologies, and demand for lightweight components in the defense sector will prop up the growth of the global military 3D printing market. Rise in up gradation of naval services globally along with launching of self-driven ships embedded with autonomous & smart weapons is predicted to offer new growth opportunities for the global market. However, complicated designs of software and hardware components and lack of military 3D printing process standardization can put brakes on the growth of the global market.

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Military 3D printing has gained traction across naval services due to the increased trend towards upgradation of naval services across the globe. In addition, the introduction of autonomous ships which are equipped with autonomous & smart weapons creates an ample opportunities for the growth of military 3D printing.

By component, the technology segment dominated the global military 3D printing market in 2021, in terms of revenue, and is expected to lead the market throughout the forecast period. By application, the prototyping segment accounted for a major share in 2021. Based on end-use, the airforce segment is anticipated to witness lucrative growth over the forecast timeframe. At present, North America is the highest revenue contributor, followed by Europe.

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The growth of the global military 3D printing market is propelling, due to surge in military application, increase in investments by armed forces into technology, and rise in adoption of lightweight components. However, complex design of both hardware & software and lack of standardization in process are the factors that hamper the growth of the market. Furthermore, technological advancements is the factor expected to offer growth opportunities during the forecast period.

By Region, North America contributed notably toward the global military 3D printing market share in 2021, and is projected to continue its dominance during the forecast period. The region accounted for nearly two-fifths of the global market share in 2021. The same region is slated to contribute significantly toward the global market size in 2031. The growth of the regional market over the forecast timeline is due to the large-scale presence of giant 3D printer manufacturers such as 3D systems and Stratasys, Ltd. In the countries such as the U.S. Apart from this, massive investments in 3D printing technologies and long-term collaborations between the industry players of the region have paved a way for the humungous growth of the military 3D printing market in North America. However, the Asia-Pacific military 3D printing industry is anticipated to record the highest CAGR of 26.1% over 2022-2031. The regional market growth over the projected timespan is owing to a surge in spending on defense activities in the countries such as India, China, Japan, Taiwan, and South Korea in the Asia-Pacific zone.

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Major market players

3D Systems, Inc.
Autodesk Inc.
Dassault Systemes SE
The ExOne Company
Fracktal Works Private Limited
General Electric Company
Markforged
Materialise NV
Optomed, Inc.
Protolabs
Stratasys, Ltd.
Ultimaker BV.

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