The global market for 3D printing devices, services and supplies was valued at around USD 5.5 billion in 2015 and is expected to reach around USD 27 billion in 2022f, growing at a CAGR of around 25% during the forecast period of 2016e to 2022f.
3D Printing can deliver more benefits than just the ability to develop new devices. The two greatest problems that most manufacturers face when bringing a device to market are tooling costs and stringent regulatory processes. 3D printing has the potential to reduce tooling costs and accelerate lead time and regulatory submissions substantially when compared to conventional methods.
The first commercial 3D printers were launched in the early 1990s, and since the early 2000s, 3D printing technology has evolved significantly in terms of price, variety and quality of materials, accuracy, ability to create complex objects, ease of use and suitability for office environments. 3D printing is already replacing traditional prototype development methodologies across various industries such as architecture, automotive, aerospace and defence, electronics, medical, footwear, toys, educational institutions, government and entertainment, underscoring its potential suitability for an even broader range of industries.
Companies Covered: 3D Systems Corporation, Arcam AB, The ExOne Company, Stratasys Ltd., EOS GmbH Electro Optical Systems, EnvisionTEC, Materialise NV, XYZprinting, SLM Solutions Group AG, and M3D.
Market Segments Included: Aerospace, Healthcare, Automotive, Industrial, Jewelry, Energy
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