This new report from Stratview Research analyses the Military 3D Printing Market over the trend period from 2014 to 2019 and forecast period from 2020 to 2025. The insights of the report shall enable informed decision making and strategy formulation for the near future to capitalize on the opportunities.
Military 3D Printing Market Overview:
The sudden outbreak of the COVID-19 has led to unforeseen fluctuations across many industries and the Military 3D Printing Market is no different. Derived from the previous market scenario, the Military 3D Printing Market is likely to witness an impressive CAGR of 30.2% during 2020-25 but with the global crisis in action, the growth curve has deviated from its expected path and exhibits an uncertain trajectory at present.
Salient Features of the Report
The Research Report offers an in-depth view of the market, its health and growth, the factors shaping the industry, the competitive dynamics and a glimpse of the future.
The following are the key features of the report:
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Military 3D Printing Market Share: By Offering Type
Based on the offering type, the market is segmented as printer, material, software, and service. The printer segment is estimated to remain dominant in the coming five years, owing to the growing demand for 3D printed components from various OEMs in the defense sector.
Military 3D Printing Market Share: By Platform Type
Based on the platform type, the market is segmented as airborne, land, naval, and space. The airborne segment is projected to register the highest growth during the forecast period. This growth is attributed to the augmenting employment of 3D printing technology to process lightweight and durable components of aircraft and drones.
Click below to run through the detailed ToC of the report:
Military 3D Printing Market Share: By Application Type
Based on the application type, the market is segmented as prototyping, functional part manufacturing, and tooling. 3D printing or additive manufacturing aids develop prototypes and models from 3D Computer-aided Design (CAD). OEMs in the defense sector are attentive on the acceptance of 3D printing technology to engineer intricate parts with minimal wastage. The necessity to manufacture financially viable prototypes in accordance with the specific customer requirements is one of the most significant influencers expected to boost the growth of the prototyping segment during the forecast period.
Military 3D Printing Market Share: By Process Type
Based on the process type, the market is segmented as powder bed fusion, material extrusion, vat photopolymerization, material jetting, binder jetting, direct energy deposition, and sheet lamination. The direct energy deposition segment is expected to witness the highest growth during the forecast period. This growth is owing to the requirement for printing small-to-medium sized and highly-intricate operational components of defense equipment.
Military 3D Printing Market Share: By Region
In terms of regions, the North American region dominated the military 3D printing market in 2018. The growing applicability of 3D printing technology in diverse industries, such as aerospace, chemicals, and automotive, in North America is one of the most contributing factors expected to stimulate the growth of the global military 3D printing market in this region, in the coming five years. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
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