The report on Military 3D Printing to be published by Stratview Research focusses on current trend insights and also predicts about the market condition and its future in the forecast period of 2020 – 2025
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This report, from Stratview Research, studies the Military 3D Printing Market over the trend period from 2014 to 2019 and the forecast period from 2020 to 2025. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Offering Type Segment
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.
Platform Type Segment
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.
Application Type Segment
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.
Process type Segment
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.
Region Wise Segment
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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Highlights of the Report:
Military 3D Printing Market is likely to witness an impressive CAGR of 30.2% during the forecast period. The escalating demand for lightweight parts and components in the defense sector and growing investments made by various defense entities in 3D printing ventures are the prime factors estimated to drive the growth of the global military 3D printing market.
Some of the major players in the military 3D printing market are Arcam AB, Artec 3D, Cimetrix Solutions, 3D Systems Corporation, 3T RPD, EOS GmbH, Engineering & Manufacturing Services, Norsk Titanium as, Optomec, and Stratasys, Ltd.
Features of the Report
This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools.
Based on the research, a proper report is crafted with the following key features:
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