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
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.
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.
- 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
- Titanium Alloy
- Nickel Super Alloy
Military 3D Printing Market, by Material
Military 3D Printing Market, by Platform
Military 3D Printing Market, by Application
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
- RESEARCH DESIGN & SCOPE
- EXECUTIVE SUMMARY
- MARKET DYNAMICS
- INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
- MILITARY 3D PRINTING MARKET BY MATERIAL, Market Size in USD Million (2017—2024)
- MILITARY 3D PRINTING MARKET BY PLATFORM, Market Size in USD Million (2017—2024)
- MILITARY 3D PRINTING MARKET BY APPLICATION, Market Size in USD Million (2017—2024)
- MILITARY 3D PRINTING MARKET BY PROCESS, Market Size in USD Million (2017—2024)
- MILITARY 3D PRINTING MARKET BY TECHNOLOGY, Market Size in USD Million (2017—2024)
- MILITARY 3D PRINTING MARKET BY REGION, Market Size in USD Million (2017—2024)
- COMPETITIVE LANDSCAPE
- COMPANY PROFILES
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