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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