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Global 3D Printing Market Outlook | Netscribes


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3D printing, also known as additive manufacturing, is set to revolutionize manufacturing procedures worldwide. Using our in-house research expertise, we have compiled the latest trends impacting the 3D printing market and outlook for the future.

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Global 3D Printing Market Outlook | Netscribes

  1. 1. Global 3D Printing Market Outlook 3D printing is set to revolutionize manufacturing procedures worldwide. According to Netscribes research, the global 3D printing market will grow at a Compound Annual Growth Rate (CAGR) of 25.5% to reach USD 8.7 billion by 2020. 3D printing – Market Size & Growth (2013-2018) (USD bn) 2013 2014 2015 2016 2017 2018 2.8 3.5 4.4 5.5 8.7 6.9 Distribution of industry spending Here’s a breakdown of the spend on 3D printing technology by industry as of Q3 2016. Others 46.1 Figures in (%) Industrial designs 9.8 Architecture 8.5 Sensors & Instruments 8.2 Electronics manufacturing 4.9 Higher education 4.6 Customer goods 4.3 Mechanical engineering 4.3 Medical devices 4.2 Automotive 2.9 IT 2.2 • 3D bioprinting applications are ramifying from regeneration of tissues, implants and prosthetics to production of 3D bioprinted pills. • Companies such as Wacker, Sterne and Advanced Life Technologies (ALT LLC) are developing advanced techniques for using silicone as a printing material, which will lower costs and open new possibilities in 3D printing. Future trends The average 3D printer production speed is expected to increase by 88% by the end of 2023, which will help improve volume capabilities. New combinations of 3D printing materials along with improvements in existing materials will foster unprecedented printing applications and will aid in the reduction of prices. Advancements in printing technologies will spur the development of new equipment applications. Additional capabilities along with advancements will translate into the creation of new domains in which 3D printing can be applied. Faster Equipment Speed Enhanced Materials Advanced Printing Technology Additional Capabilities By 2019, 3D printing will become 50% cheaper and up to 400% faster Emerging markets North America will occupy about a 34% share by the end of 2023, representing a decline from its current growth trend. Get deeper insights on the impact of 3D technologies in your industry. Contact us today Share this Proprietary and Confidential, Copyright © 2017, Netscribes, Inc. All Rights Reserved. The content of this document is confidential and meant for the review of the recipient only. Trends • Metal 3D printing technologies have earned wide acceptability for their ability to produce complex shapes at shorter lead times. Europe is poised to maintain a stable status of around 32% by 2023. Asia is expected to garner a share of 33% by 2023 as China begins to heavily leverage its existing manufacturing and distribution infrastructure. f in CAGR 25.5% The metal 3D printing market in the Asia-Pacific region is expected to exhibit more growth compared to other regions. Siemens German engineering company Siemens has started using metal 3D printers to manufacture massive gas turbine blades and guide vanes for its power generator. GE Aviation GE Aviation has used metal 3D printer to produce hard-to-fabricate parts and are expected to increase the use of this technology in the near future. It is currently investing USD 3.5 bn in additive manufacturing, to produce more than 100,000 fuel nozzles by 2020. Arcam Metal 3D printer manufacturer Arcam claims that its machines have been used to print more than 50,000 orthopedic implants. Argen Digital Argen Digital’s 12 Concept Laser Selective Laser Melting (SLM) 3D printers are one of the largest suppliers of metal substructures that are used for making custom copings and bridges. Demand for 3D printing materials Metallic materials will see the highest demand from 3D printing manufacturers Figures in (%) Now & immediate future Likely developments Future scenarios Defense & Aerospace • Weight reduction on aircraft • Niche, low volume parts • Printing entire aircraft wings • Application in space exploration • Printing entire aircrafts • Self-healing military vehicles • Printing on the battlefield Automotive • Design and prototyping • After-market customization, vehicle restoration • Light-weight and specialist components in some vehicles • Crowd-sourced vehicle design and manufacture • Innovative vehicles enabled by 3D printing Healthcare • Prosthetics, dental and bone implants • Medical instruments • Pharmaceutical production • Tissue and simple printed organs used in transplants • Nano-scale medicine • Complex printed organs Consumer & Retail • Novelty items and customized products • Popularity of DIY and Maker communities • Co-creation with customers • Consumers buying 3D printers for personal use General manufacturing • Rapid prototyping and product design • Low-volume specialist manufacturing • Printed electronics embedded in parts • Innovative products with 3D printing co- existing with traditional manufacturing • Re-tooling and re-skilling • Rows of 3D printers on factory floors/shop floors Supply chain • Printing bureaus servicing niche markets • Recycling used for feeding materials • Rising demand for powdered titanium and other feed materials • Off-shoring modes to be challenged • Reorganization of business models • Ship the design, not the product Commercial • Intellectual property issues debated • Crowd-funding models perfected • Boom of start-ups enabled by 3D printing technology • Reallocation of capital to new industries 3D printing impact across industries 60 52 42 61 84 Metals Rubber-like materials High temperature plastic Carbon fibre Conductive filled / Circuitry