Report Highlights
Rapid growth in technological advancements, innovative designing, and development of a wide variety of materials are the factors propelling the development of the 3D printing market. Various companies across the globe are actively adopting 3D printing technology to develop prototypes and to manufacture end user products with the help of suitable materials and different processes. The usage of 3D printing in aerospace and automotive industries saves a lot of time and manpower, as it provides faster printing speed, higher accuracy, and helps in avoiding the post-manufacturing processes. Although the 3D printing market currently occupies a low share in the manufacturing industry all over the world, there can be witnessed a gradual increase in the market due to rising awareness across the industry, high adaptability, various intensive research and development and increasing government initiatives to adopt 3D printing for mass production of functional parts in industry verticals such as automotive and aerospace.
The 3D printing market for aerospace and automotive industry varies according to various geographical regions. The 3D printing market for aerospace and automotive industry holds a prominent share in various countries of North America, Europe, Asia-Pacific (APAC), and Rest-of-the-World (RoW). Geographically, North America led the global 3D printing market for aerospace and automotive industry in 2017 in terms of value. Additionally, APAC region is expected to witness the highest growth during the forecast period (2018-2023). Growing automotive industry and adoption of 3D printing technology for mass production are some of the factors expected to contribute to the market growth in the APAC region.
The global 3D printing market for aerospace and automotive industry has witnessed several strategic and technological developments in the past few years, undertaken by the different market players to attain their respective market shares in this emerging domain. Some of the strategies covered in this section are product launches & development, business expansion, partnerships and collaborations, and mergers and acquisitions. The preferred strategy for the companies has been business expansion in order to strengthen their position in the global 3D printing market for aerospace and automotive industry.
The key market players in the global 3D printing market for aerospace and automotive industry are Stratasys Ltd., Materialise NV, 3D Systems, Inc., SLM Solutions Group, General Electric, Arkema, BASF SE, HP Development Company, L.P., Proto Labs, Evonik Industries AG, Royal DSM, EOS GmbH, Ultimaker B.V., Formlabs, Inc., ENVISIONTEC, INC., and Markforged, Inc.
The report is a compilation of different segments of the global 3D printing market for aerospace and automotive industry including market breakdown by technology, material-type, end-use, and region. The report further takes into consideration the market dynamics and the competitive landscape. The report also discusses in detail about the key participants involved in the industry. The report answers the following questions about the global 3D printing market for aerospace and automotive industry:
Key questions answered in the report
- What are the trends in the global 3D printing market for aerospace and automotive industry across different regions
- What are the major driving forces that tend to increase the demand for the global 3D printing market for aerospace and automotive industry during the forecast period, 2018-2023
- What are the major challenges inhibiting the growth of the global 3D printing market for aerospace and automotive industry
- What was the revenue generated by the global 3D printing market for aerospace and automotive industry by technology in 2017, and what will be the estimates by 2023
- Which material type (thermoplastic, metal and others) of the global 3D printing market for aerospace and automotive industry will dominate in the coming years
- Which type of thermoplastic material will dominate the global 3D printing market for aerospace and automotive industry in the coming years
- What is the revenue generated by the different technologies such as fused deposition modeling, stereolithography, selective laser sintering, polyJet, material jetting, selective laser melting and others
- What is the revenue generated by each material used in aerospace and automotive industry
- Who are the key players in the global 3D printing market for aerospace and automotive industry
- What are the new strategies adopted by the existing market players to make a mark in the industry
- What major opportunities do the 3D printing technology providers and material manufacturers foresee
- What is the competitive strength of the key leading players in the global 3D printing market for aerospace and automotive industry
BIS Research is a global B2B market intelligence and advisory firm focusing on those emerging technological trends which are likely to disrupt the dynamics of the market.
With over 150 market research reports published annually, BIS Research focuses on high technology verticals such as 3D Printing, Advanced Materials and Chemicals, Aerospace and Defense, Automotive, Healthcare, Electronics and Semiconductors, Robotics and UAV, and other emerging technologies.
Our in-depth market intelligence reports focus on the market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.
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