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3D Printing Market is expected to rise a valuation of US$ 2 Bn by 2029 | FMI Reports


Global 3D printing market is set to witness seven-fold expansion,
with revenues projected to see a double-digit CAGR during 2019-2029. As
projected by a new report of Future Market Insights (FMI), leading
market players are investing in adoption of vat polymerization and
selective laser sintering processes in a bid to reduce processing time
and achieve greater accuracy.

“Manufacturers operating in the
automotive, aerospace, manufacturing, and healthcare industries are
actively procuring 3D printing technologies. Demand will further
increase with rise in the adoption of smart products, leading to the
introduction of complex designed solutions,” states the FMI report.

3D Printing Market: Key Findings

  • Fused filament fabrication technology continues to be a trend in production of prototypes and end-use parts.
  • Entry level 3D printers are recording high deployment owing to better technical awareness and affordable pricing.
  • Material extrusion remains preferred technology; vat polymerization and selective laser sintering will emerge highly lucrative.
  • Developed
    regions will remain at the forefront of 3D printing market; Eastern
    Europe and Latin America display strong growth potential.

3D Printing Market: Key Driving Factors

  • Accelerated adoption of 3D printing in architecture and aerospace will propel market growth.
  • The
    integration of Artificial Intelligence (AI) with 3D printing systems is
    enabling flexibility and precision, thereby fueling demand.
  • Reduced developmental costs and quick turnaround time remain major market growth drivers.
  • The trend of customization will be a strong factor driving the growth of 3D printing market.

3D Printing Market – Key Restraints

  • High costs associated with 3D printing and inadequacy of skilled workmanship remain key impediments to market growth.
  • Compatibility restrictions associated with select materials will limit the growth of 3D printing industry.

Competition Landscape of 3D printing Market

Some
of the key players in the global 3D printing landscape that are covered
in this study include, but are not limited to, 3D Systems, VoxeljetAG,
Arcam AB, Ponoko Ltd., Autodesk Inc., Organovo Holdings Inc., and The
ExOne Company. Leading manufacturers are focused on using partnerships
and collaborations with regional players and raw material suppliers.
Manufacturers are also pushing to bring in tech advancements, while
cutting prices to enhance accessibility of 3D printing services.

Source Link: https://www.globenewswire.com/news-release/2020/03/03/1994363/0/en/3D-Printing-Market-Players-Eye-Opportunity-in-Architecture-and-Aerospace-Industries-Demand-for-Entry-Level-Printers-on-Upswing-Future-Market-Insights.html

More about the Report

This
Future Market Insights study of 300 pages offers actionable insights on
the 3D printing market. The market analysis is based on level
(entry-level, hobbyist, enthusiast, professional, and industrial),
technology (material extrusion, vat polymerization, selective laser
sintering, material jetting, binder jetting, and others), vertical
(automotive, aerospace, industrial/business, consumer electronics,
medical, research & academia, government/military, architecture, and
others) across seven regions (Latin America, North America, Western
Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and MEA).

Explore Extensive Coverage of FMI’s Electronics, Semiconductors, and ICT Landscape

About Future Market Insights (FMI)

Future
Market Insights (FMI) is a leading provider of market intelligence and
consulting services, serving clients in over 150 countries. FMI is
headquartered in London, the global financial capital, and has delivery
centers in the U.S. and India. FMI’s latest market research reports and
industry analysis help businesses navigate challenges and take critical
decisions with confidence and clarity amidst breakneck competition.

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