COVID-19 Impact : Our team has been closely monitoring the current developments to identify the potential impact of COVID-19 on stakeholders and business processes across the value chain of industries. A special section about COVID-19 will be covered with the report to help companies in defining sustainable strategies.
The Military 3D Printing Market is estimated to register substantial growth during the forecast period owing to increasing demand from various applications during the forecast period. Also, this market has witnessed a number of key developments by major companies operating in the market including new product development, partnerships, contracts, and so on.
3D printing is the Platform of building three-dimensional objects based on a Computer-Aided Design (CAD) digital model. In the present world, the increasing developments in the military sector are increasing the need for easy and simple manufactured weapons and equipment. Another requirement of these weapons is that these should be light weighted and easy to carry. Another advantage of these printed parts is that they are manufactured at a very low cost compared to conventional manufacturing techniques.
Segment Analysis:
The global Military 3D Printing Market is segmented into offering, platform, and process.
On the basis of offering it is segmented into the printer, material, software, and service. The increasing demand for 3D printed parts from original equipment manufacturers as well as the adoption of 3D printing Platform, owing to its ability to print lightweight components and complex parts have, in turn, propelled the service offering segment.
By platform, it is segregated into Airborne, Land, Naval, Space. 3D printing is most widely used in the airborne segment. This growth can be attributed to the increasing use of 3D printing Platforms to develop lightweight and durable components of aircraft and drones.
Based on the process, it is classified into binder jetting, direct energy deposition, material extrusion, material jetting, powder bed fusion, vat photopolymerization, and sheet lamination. The direct energy deposition is widely used as it is required for printing small-to-medium-sized, and highly-complex functional parts of defense equipment.
Key Factors Impacting Market Growth:
• The rising demand for lightweight parts and components in the defense industry
• They are very economic when compared to conventional manufacturing techniques
Regional Analysis:
North America, Western Europe, and the Asia Pacific are estimated to dominate the military 3D printing market by regions during the forecast period. North America region includes US, Canada, and Mexico. This region is dominated by the US with a substantial market share. The presence of key players operating in the market along with an established infrastructure and government spending are expected to drive the demand in the region.
Western Europe consists is another major region with countries such as Germany, UK, France, and Italy. Some of these countries are major exporters of aerospace & defense technologies to the World. In addition to this, there has been strong government spending on development and acquisition of new technologies in recent years. The Asia Pacific consisting of China, Japan, India, and South Korea is estimated to register the highest CAGR for the military 3D printing market during the forecast period. The Middle East and Eastern Europe regions have a strong potential for the military 3D printing market during the forecast period.
Companies Covered: Stratasys Ltd, 3D Systems Inc., SMG3D, Engineering & Manufacturing Services Inc., EOS GmbH Electro Optical Systems, and ExOne Company...
Market Segmentation:
By Offering:
Printer
Material
Software
Service
By Platform:
Airborne
Land
Naval
Space
By Process:
Binder Jetting
Direct Energy Deposition
Material Extrusion
Material Jetting
Powder Bed Fusion
Vat Photopolymerization
Sheet Lamination
By Region:
North America
By Country (US, Canada, Mexico)
By Offering
By Platform
By Process
Western Europe
By Country (Germany, UK, France, Spain, Rest of Western Europe)
By Offering
By Platform
By Process
Eastern Europe
By Country (Russia, Turkey, Rest of Eastern Europe)
By Offering
By Platform
By Process
Asia Pacific
By Country (China, Japan, India, Rest of Asia Pacific)
By Offering
By Platform
By Process
Middle East
By Country (UAE, Qatar, Iran, Saudi Arabia, Rest of Middle East)
By Offering
By Platform
By Process
Rest of the World
By Region (South America, Africa)
By Offering
By Platform
By Process
Reasons To Buy This Report:
• Market size estimation of the global Military 3D Printing Market on a regional and global basis
• Unique research design for market size estimation and forecast
• Profiling of major companies operating in the market with key developments
• Broad scope to cover all the possible segments helping every stakeholder in the market
Customization:
We provide customization of the study to meet specific requirements:
• By Segment
• By Sub-segment
• By Region/Country
For more information, contact: [email protected]
Single User (PDF)
3850Multi User (PDF)
5150Enterprise User (PDF)
7650Avail customized purchase options to meet your exact research needs.
Detailed scope covering all the major segments in the market
In line data validations to ensure data precision
Market recommendations supporting decision making processes
Round the clock analyst support to resolve your queries
Up to 15% additional free customization to meet your specific requirements