What Has Been The Historical And Current Growth Of The Military 3D Printing Market?
The military 3d printing market has seen considerable growth due to a variety of factors.
•The size of the military 3D printing market has seen a tremendous increase in the latest years. The market, which is projected to grow from $1.89 billion in 2024 to $2.39 billion in 2025, anticipates a compound annual growth rate (CAGR) of 26.5%.
The substantial growth during the historical period is due to factors such as cost effectiveness, increased customization and quick prototyping, robust supply chain, maintenance of older equipment, operational versatility, and innovative materials.
What Is The Forecast For The Military 3D Printing Market By 2029?
The military 3d printing market is expected to maintain its strong growth trajectory in upcoming years.
• The market for military 3D printing is set for impressive expansion in the coming years, expected to reach $5.73 billion in 2029, with a compound annual growth rate (CAGR) of 24.4%.
The expected increase in this period can be linked to regulatory adjustments and advancement of standards, cybersecurity enhancements, the incorporation of artificial intelligence (AI), and the rising need for on-demand manufacturing, as well as global geopolitical forces. Key trends projected during this period encompass miniaturization and lightweight solutions, multi-material printing, bioprinting advancements, hybrid manufacturing, along with a focus on scalability and production speed, and improved material properties.
Which Key Drivers Are Propelling The Military 3D Printing Market's Growth?
The escalation in government expenditures towards defense is playing a substantial role in fostering the evolution of the military 3D printing market. What is understood by government investments are the finances devoted by public sectors towards procuring goods and the provision of amenities including defense, social security, healthcare and education. Governments are pouring capital into 3D printing technology for military purposes due to its ability to cut down lead times and costs. For example, as per the President's Fiscal Year (FY) 2024 Defense Budget from March 2023, which was issued by the U.S. Department of Defense, an American government entity, the government suggested an allocation of $842 billion for the Department of Defense (DoD) for FY 2024. This represents an increase of $26 billion from 2023 and is $100 billion more than 2022. Consequently, this surge in government defense expenditures will act as a catalyst for the growth of the military 3D printing market.
What Are The Key Segments Within The Global Military 3D Printing Market?
The military 3D printing market covered in this report is segmented –
1) By Type: Printer, Material, Software, Service
2) By Process: Binder Jetting, Direct Energy Deposition, Material Extrusion, Material Jetting, Powder Bed Fusion, Vat Photopolymerization, Sheet Lamination
3) By Application: Functional Part Manufacturing, Tooling, Prototyping
4) By End-Use: Army, Navy, Airforce
Subsegments:
1) By Printer: Fused Deposition Modeling (FDM) Printers, Stereolithography (SLA) Printers, Selective Laser Sintering (SLS) Printers, Metal 3D Printers, Resin Printers
2) By Material: Plastics, Metals, Ceramics, Composites, Bio-materials
3) By Software: CAD Software, Slicing Software, Simulation Software, Printing Management Software
4) By Service: 3D Printing Services, Design And Prototyping Services, Maintenance And Support Services, Training And Consulting Services
Pre-Book The Military 3D Printing Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
How Are New Trends Impacting The Size Of The Military 3D Printing Market?
In the military 3D printing industry, technological advancements have emerged as one of the most prevalent trends. Large corporations in the sector are adjusting their strategies by creating new Defense & Space business departments with the goal of utilizing additive manufacturing for quick prototype development, lightweight component creation, and immediate part production. Defense & Space departments within corporations focus on the creation of goods, technology, and services for military and aerospace uses. For example, Supernova, an Indian firm known for LED lighting solution production, in August 2024, debuted a new unit specializing in Defense & Space. These units cater to the distinct requirements of defense enterprises and space agencies, often incorporating revolutionary inventions like 3D printing, robotics, advanced materials, and secure communication systems.
Who Are the Key Players in the Military 3D Printing Market?
Major companies operating in the military 3D printing market include:
• Stratasys Ltd.
• 3D Systems Corporation
• EOS GmbH Electro Optical Systems
• Arcam AB
• Norsk Titanium AS
• American Elements Corporation
• Cimetrix Solutions Inc.
• Artec 3D
• Additive Manufacturing Ltd.
• Optomec Inc.
• Markforged Inc.
• Stanford Marsh Group
• Autodesk Inc.
• General Electric Company
• Proto Labs Inc.
• Ultimaker BV
• Renishaw Plc
• Fracktal Works Private Limited
• Materialise NV
• Engineering & Manufacturing Services Inc.
• 3T Additive Manufacturing Ltd.
• The ExOne Company
• Dassault Systèmes
• Concept Laser GmbH
• Sisma S.p.A.
• SLM Solutions Group AG
• HP Inc.
• Prodways Group
What are the Regional Insights into the Military 3D Printing Market?
North America was the largest region in the military 3D printing market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global military 3D printing market report during the forecast period. The regions covered in the military 3D printing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
