Key players operating in the military 3D printing market include Stratasys (US), 3DSystems (US), ExOne (France), EOS (Germany), Arcam (Sweden), and Norsk Titanium (Germany). The military 3D printing market is estimated to be USD 799.8 million in 2018 and is projected to reach USD 4,594.4 million by 2025, at a CAGR of 28.37% from 2018 to 2025.
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The military 3D printing market is estimated to be USD 799.8 million in 2018 and is projected to reach USD 4,594.4 million by 2025, at a CAGR of 28.37% from 2018 to 2025.
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The key players in the Military 3D Printing Market include – Stratasys (US), 3DSystems (US), ExOne (France), EOS (Germany), Arcam (Sweden), and Norsk Titanium (Germany).
The military 3D printing market has been segmented on the basis of offering(printer, material, software, and service), process (binder jetting, direct energy deposition, material extrusion, material jetting, powder bed fusion, vat photo polymerization, and sheet lamination),application (functional part manufacturing, tooling, and prototyping),and platform (airborne, land, naval, and space). These segments and sub segments are mapped across major regions, namely, North America, Europe, Asia Pacific, the Middle East, and Rest of the World (RoW).
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The report provides in-depth market intelligence regarding key market dynamics and major factors (drivers, restraints, opportunities, and industry-specific challenges) that influence the growth of the military 3D printing market, in addition to an analysis of micro markets with respect to individual growth trends, prospects, and their contribution to the military 3D printing market.
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The military 3D printing market is estimated to be USD 799.8 million in 2018 and is projected to reach USD 4,594.4 million by 2025, at a CAGR of 28.37% from 2018 to 2025. Military 3D printing can be defined as the process of creating three-dimensional objects from a digital file using various materials, such as steel alloys, aluminum, titanium, plastics, nickel, and ceramics.
The demand for lightweight parts and components in the defense industry and investments made by defense entities in 3D printing projects are key factors projected to drive the growth of the military 3D printing market. However, limited availability of materials and stringent military standards are acting as restraints to the growth of the market.
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Based on offering, the printer segment is estimated to lead the military 3D printing market in 2018. OEMs are focused on the adoption of 3D printing technology to manufacture defense equipment, which, in turn, has contributed to the increasing demand for 3D printers.
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