Military 3D Printing Market to Reflect Steady Growth During 2019-2027
The Global Military 3D Printing Market is estimated to reach USD 3.7 Billion by 2024 at a CAGR of 28.4%.
3D Printing is a process which creates three dimensional objects by place materials layer by layer. Military 3D printing cover under various technologies such as electron beam melting (EBM) and fused deposition modelling. It’s also include portable 3D system will offer the new growing demand for this market. However, 3D printing helps in making custom weapons and minimizes the manufacturing damages.
Military 3d Printing Market: Drivers & Restraints
Market Drivers:
Reduction Manufacturing Time and Cost
Government across the globe are making advance 3D printers which will expected to boost the supply chain market during next five years by reducing cost and make it more productive. 3D printing is mainly used in military systems for reducing the weight of the weapon system for weapon design and handling process at the same time. Moreover, manufacturing enhances the quality of customized tools for military system with no more extra manufacturing cost and manufacturing time. Hence it is expected to drive the military 3D printing market during next five years.
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Rising Demand for Customized Equipment
Many manufacturers use 3D printing for making the functional and conceptual prototype with fast speed, greater accuracy, and lower failure rate. By this technology, the design cycle is compressed and manufacturer can produce more number of product with less amount of time with better quality. This is how the demand for customized equipment can be directly impacted on the growth of military 3D printing market during forecast period.
Market Restraints:
High Initial Investment and Required Maintenance Expertise
For starting new business in 3D printing services, high investment cost is one of the important factor which is expected to restrain the market during forecast period. Due to complex 3D printing operating procedure, Software applications, and services, the demand for technicians is increased. Hence, manufacturers have to invest more money for creating a better base for future growth and hence it is expected to restrain the market during forecast period.
Military 3d Printing Market: Key Segments
- On the Basis of Material: Metal and Plastic
- Segment by Platform: Thermoplastics and Photopolymer
- Application Type: Prototyping and Tooling
- On the basis of Process: Vat Photopolymerization, Powder Bed Fusion, Material Extrusion, Material Jetting, Binder Jetting, and Sheet Lamination
- By Technology: Stereolithography (SLA), Selective Laser Sintering (SLS), MultiJet Printing (MJP), Electron Beam Melting (EBM), Fused Deposition Modelling, and Laminated Object Manufacturing (LOM)
- Key Regions Covered: North America, South America, Europe, Asia-Pacific, Middle East & Africa, and South America, with individual country-level analysis.
Military 3d Printing Market: Report Scope
The report on the military 3D printing market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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List of the leading companies operating in the Military 3D Printing Market include:
- Stratasys Ltd (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
- 3D Systems Corporation
- ExOne Co
- GE AVIATION
- 3T Additive Manufacturing Ltd
- Optomec, Inc.,
- Markforged, Inc.
- SMG3D
- Engineering & Manufacturing Services, Inc.
- Other Key Companies
Military 3d Printing Market: Report Segmentation
For the scope of report, In-depth segmentation is offered by Forencis Research
Military 3D Printing Market, by Metal
Alloy
- Titanium Alloy
- Nickel Super Alloy
Aluminum
Stainless
Maraging
Silver
Military 3D Printing Market, by Material
- Thermoplastics
- Photopolymer
Military 3D Printing Market, by Platform
- Air
- Land
- Navy
- Space
Military 3D Printing Market, by Application
- Prototyping
- Tooling
Military 3D Printing Market, by Process
- Vat Photopolymerization
- Powder Bed Fusion
- Material Extrusion
- Material Jetting
- Binder Jetting
- Sheet Lamination
Military 3D Printing Market, by Technology
- Stereolithography (SLA)
- Selective Laser Sintering (SLS)
- MultiJet Printing (MJP)
- Electron Beam Melting (EBM)
- Fused Deposition Modelling
- Laminated Object Manufacturing (LOM)
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Military 3D Printing Market by Region
- Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
- North America (US, Canada, Mexico)
- Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
- Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
- South America (Brazil, Argentina, Rest of South America)
Key Questions answered by the report
- What are the major developments impacting the global market and its growth?
- What will be the effects of the developments in the global market on the industry and on the market players in the near and far future?
- What are the evolving types of the global market?
- What are the evolving applications of global market?
- What are the major characteristics that will affect the global market growth during the study period?
- Who are the key global players operating in the market?
- How are the major players leveraging in the existing global market conditions?
Table of Content
1 INTRODUCTION
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Regional Coverage
1.5 Research Timeline
1.6 Assumptions
1.7 Limitations
2 RESEARCH DESIGN & SCOPE
2.1 Introduction
2.2 Primary Research
2.2.1 Key Industry Expert Insight
2.3 Secondary Research
2.3.1 Vital Data from Secondary Sources
2.4 Market Size Estimation
2.5 Data Validation & Triangulation
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Introduction
4.2 Drivers
4.2.1. Reduction of Manufacturing Time and Cost
4.2.2. Rising Demand for Customized Equipment
4.3 Restraints
4.3.1. Limited Materials Availability
4.4 Opportunities
4.4.1. Adoption for Portable 3D Printer
4.5 Challenges
4.5.1 Manufacture Quality Assurance
5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
5.1 Introduction
5.1.1. Power of Buyers
5.1.2. Power of Suppliers
5.1.3. Intensity of Competition
5.1.4. Challenges of Substitutes
5.1.5. Challenges of New Entrants
5.2 Macro-Economic Indicators
6 MILITARY 3D PRINTING MARKET BY MATERIAL, Market Size in USD Million (2017—2024)
6.1 Introduction
6.2 Metal
6.2.1 Alloy
6.2.1.1 Titanium Alloy
6.2.1.2 Nickel Super Alloy
6.2.2 Aluminum
6.2.3 Maraging
6.2.4 Silver
6.3 Plastic
6.3.1 Thermoplastics
6.3.2 Photopolymer
7 MILITARY 3D PRINTING MARKET BY PLATFORM, Market Size in USD Million (2017—2024)
7.1 Introduction
7.2 Airborne
7.3 Land
7.4 Navy
7.5 Space
8 MILITARY 3D PRINTING MARKET BY APPLICATION, Market Size in USD Million (2017—2024)
8.1 Introduction
8.2 Prototyping
8.3 Tooling
9 MILITARY 3D PRINTING MARKET BY PROCESS, Market Size in USD Million (2017—2024)
9.1 Introduction
9.2 Vat Photopolymerization
9.3 Powder Bed Fusion
9.4 Material Extrusion
9.5 Material Jetting
9.6 Binder Jetting
9.7 Sheet Lamination
10 MILITARY 3D PRINTING MARKET BY TECHNOLOGY, Market Size in USD Million (2017—2024)
10.1 Introduction
10.2 Stereolithography (SLA)
10.3 Selective Laser Sintering (SLS)
10.4 MultiJet Printing (MJP)
10.5 Electron Beam Melting (EBM)
10.6 Fused Deposition Modelling
10.7 Laminated Object Manufacturing (LOM)
11 MILITARY 3D PRINTING MARKET BY REGION, Market Size in USD Million (2017—2024)
11.1 North America
8.1.1. US
8.1.2. Canada
8.1.3. Mexico
11.2 Europe
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. UK
8.2.5. Spain
8.2.6. The Netherlands
8.2.7. Rest of Europe
11.3 Asia-Pacific
8.3.1. China
8.3.2. Japan
8.3.3. India
8.3.4. South Korea
8.3.5. Taiwan
8.3.6. Rest of Asia-Pacific
11.4 Middle East & Africa
8.4.1. Saudi Arabia
8.4.2. UAE
8.4.3. Rest of Middle East & Africa
11.5 South America
8.5.1. Brazil
8.5.2. Argentina
8.5.3. Rest of South America
12 COMPETITIVE LANDSCAPE
12.1 Introduction
12.2 Market Ranking/Share Analysis of Key Companies
12.3 Company Benchmarking
13 COMPANY PROFILES
13.1 Stratasys Ltd
13.1.1 Company Overview
13.1.2 Financial Overview
13.1.3 Products/Solutions/Services Offered
13.1.4 Key Developments
13.1.5 SWOT Analysis
13.2 3D Systems Corporation
13.3 ExOne Co
13.4 GE AVIATION
13.5 3T Additive Manufacturing Ltd
13.6 Optomec, Inc.,
13.7 Markforged, Inc.
13.8 SMG3D
13.9 Engineering & Manufacturing Services, Inc.
13.10 Other Key Companies
14 APPENDIX
14.1 Key Industry Expert Insights
14.2 Primary Discussion Guide
14.3 Customization Options
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