(PRWEB) April 25, 2014
According to a market research report on "3D Printing Market by Technology, Materials, Application & Geography -(2013-2020)" published by MarketsandMarkets, the 3D Printing Market is expected to grow at a CAGR of 23% from 2013 to 2020, and reach $8.41 billion in 2020.
Browse 81 market data tables with 46 figures spread through 320 pages and in-depth TOC on "3D Printing Market".
Download sample PDF today.
3D printing adds a high value towards developing a concerned product, and has application in various parts of the production phase; such as, it used for prototyping, tooling, and production of small parts. Its main attraction lies in producing highly complicated parts with ease. The availability of designs in 3D printing is far more than that in moldings. Also, it helps to optimize the supply chain and condense the lead times— from the manufacturing to the market.
Early buyers will receive 10% customization on this report.
The elements behind the rapid upsurge in the 3D Printing Market are the innovative and advanced technologies, customized products, governments funding, wide unexploited application market, rapid development of the products at a low cost, and less time-to-market. In addition, the upcoming (in 2014) expiration of patents with respect to the Selective Laser Sintering (SLS) is also believed to provide a further impetus to the growth of the 3D Printer Market.
As of 2013, the America holds the largest revenue share followed by Europe in 3D Printer Machines, materials, and related services. However, Europe is also expected to surpass America in terms of the 3D Printing Market revenue by 2020. The foremost factors accountable for the expansion of 3D Printing Market include new and improved 3D printing technologies, wide range of materials (polymers, metals/alloys, sand, ceramics, living tissue), government funding, broad application scope, and increased awareness regarding the benefits of 3D printing over traditional techniques (injection molding and CNC machining). However, APAC is the fastest growing and most promising market for 3D printing due to high industrial growth, technological awareness, supportive government policies, and financial investment by the governments in R&D. Some of the major companies operating in 3D printing market are 3D Systems (U.S.) Stratasys (U.S.), Exone (U.S.), Arcam AB (Sweden), Oraganovo (U.S.), Voxeljet (Germany), LUXeXcel (The Netherland), Optomec (U.S.), and others.
The 3D Printing Market is broadly categorized into:- technology, materials, application, and geography. All the major segments are further segmented into sub segments. All the segments and sub segments are separately described in the report.
The market is expected to reach $8.41 billion by 2020, at an estimated CAGR of 23% from 2013 to 2020. The major driving factors for the 3D Printing Market are: ease in the manufacturing of low volume production of complex geometry components, and rapid manufacturing of customized products with regards to various applications such as aerospace, automotive, consumer and healthcare. In the report, different technologies such as stereo lithography, laser sintering, electron beam melting, fused disposition modeling, and laminated object modeling are discussed. The materials market includes polymers and metals. The 3D Printing Market finds its application in the aerospace, automotive, consumer, healthcare, government & defense, industrial machines, and education and research sectors. The geography market is categorized into America, Europe, APAC, and ROW.
Browse related reports
Three-dimensional Integrated Circuit (3D IC/Chip) & Through-Silicon Via (TSV) Interconnects Market - Global Forecast & Trend Analysis (2011 - 2016)
3D/4D Technology Market by Products (3D IC, 3D Printer, 3D Display - HMD, 3D Smartphone, 3D TV, 3D Digital Signage), Applications (3D Animation, 3D Printing, 3D Medical Imaging, 3D CAD, 3D Gaming, 3D Cinema) & Technology (Stereoscopy, Auto-Stereoscopy, Volumetric) Focus, Global Forecast & Analysis (2011 - 2016) - Features Introduction to 4D Technology
MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world.
MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. MarketsandMarkets covers thirteen industry verticals; including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, telecommunications and IT, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, agriculture industry, semiconductor and electronics, aerospace & defense.
We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.
North - Dominion Plaza
17304 Preston Road
Suite 800, Dallas, TX 75252
Visit MarketsandMarkets Blog at http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors.