Market Overview
The technology perceives a vast market demand that leads to increasing the size of the market on the global front. According to Market Research Future (MRFR), the global digital 3D printing market size is poised to touch a valuation of USD 14404.36 MN by 2030, registering 21.20% CAGR a throughout the forecast period (2022 – 2030). The Digital 3D Printing Market has experienced significant growth and evolution in recent years, driven by advancements in technology, expanding applications across various industries, and increasing demand for customized products. This market summary will provide an overview of key trends, drivers, challenges, and opportunities shaping the Digital 3D Printing Market.
Digital 3D printing, also known as additive manufacturing, is revolutionizing traditional manufacturing processes by enabling the production of complex geometries with high precision and customization. The market encompasses a wide range of technologies, including fused deposition modeling (FDM), stereolithography (SLA), selective laser sintering (SLS), and direct metal laser sintering (DMLS), among others.
Key drivers of market growth include the expanding adoption of 3D printing in aerospace, automotive, healthcare, and consumer goods industries for prototyping, tooling, and end-use part production. Additionally, the growing trend of personalized and on-demand manufacturing is fueling demand for digital 3D printing solutions.
The digital light processing 3d printing is witnessing significant growth, driven by advancements in technologies such as digital light processing (DLP) 3D printing. DLP 3D printing utilizes digital light projection to cure liquid resin layer by layer, resulting in high-resolution and detailed 3D printed objects. This technology offers numerous advantages, including faster print speeds, enhanced accuracy, and the ability to produce complex geometries with intricate details. As a result, DLP 3D printing is gaining traction across various industries, including healthcare, automotive, aerospace, and consumer goods.
Digital 3D Printing Market - Competitive Analysis
Highly competitive, the digital 3D printing market appears well-established with the presence of several notable players. Players operating in the market strive to develop new products and thus their portfolio with cost-competitive prices. They make substantial R&D investments for the development of new products & technologies and to strengthen their market presence by expanding the distribution network and regional footprints. This further allows them to form collaborations and strategic initiations such as mergers & acquisitions, and others with other players in the digital 3D printing industry.
Major Players:
Global digital 3D printing market players include
- 3D Systems, Inc. (US),
- Stratasys Ltd (US),
- Carbon, Inc. (US),
- Formlabs (US),
- EnvisionTEC (US),
- ExOne (US),
- General Electric (US),
- Materialise (Europe),
- Micron Dental (US), and
- Renishaw PLC (UK), among others.
Digital 3D Printing Market - Segments
The analysis is segmented into six main dynamics to widen the scope of understanding,
By Component : System/Device and Software/Services
By Material : Polymers, Metal & Alloy, Ceramics, and others.
By Technology : Stereo Lithography, Deposition Modeling, Laser Sintering Jetting Technology, Electron Beam Melting, and others.
By Applications : Dental (Clear Aligners, Dental Implants, Endosteal Implants, Sub-Periosteal Implants, Dentures Crowns & Bridges, others) Prosthetics (Prosthetics implants, Hip Disarticulation, Lower Limb/Extremity Componentry, Finger Splints, others), Orthopedics, Medical Components, Tissue Engineering (Bone & Cartilage Scaffolds, Ligament & Tendon Scaffolds, others), Hearing Aids, Drug Screening, and others.
By End User : Hospitals & Surgical Centers, Dental Clinics & Laboratories (Offices), Pharmaceutical & Biotechnology Companies, and others.
By Regions : Americas, Europe, Asia-Pacific, Middle East & Africa, and Rest-of-the-World
Global Digital 3D Printing Market - Regional Analysis
North America dominates the global digital 3D printing market. The largest market share attributes to the presence of established market players in the region and the augmenting demand for the digital 3D printing technology. Besides, medical device companies in the region, alongside the rising prevalence of diseases and increased adoption of medical devices in the treatment foster the growth of the market.
Moreover, digital 3D printing market trends, such as increasing advances and adoption of the technology is expected to drive the market growth further. Furthermore, the well-established 3D printing manufacturing industries in the region are substantiating the growth in the market excellently. In 2018, the US market held the largest share in the North American digital 3D printing market.
Europe stands second in the global digital 3D printing market, heading with the favorable government initiatives for the development of the technology. Rising prevalence of lifestyle diseases and the presence of well-established medical device industries in Germany, the UK, and France influence the regional market growth. The size of the digital 3D printing market in European territory is estimated to increase rapidly during the assessment period.
The digital 3D printing market in the Asia Pacific region is growing briskly attributing to the increasing per capita health spending, geriatric populaces, and incidence of accidents. Besides, the proliferating healthcare sectors in China, Japan, India, and Australia are substantiating the growth of the market.
Furthermore, the rising adoption of medical devices is a dominant driving force pushing the regional market growth forward. Substantial investments to expand 3D printing capabilities in rapidly developing APAC economies such as China, South Korea, Japan, and India are allowing the APAC digital 3D printing market to remain among the top leaders.
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