Automotive 3d Printing Market Outlook and Future Scope Analysis - Forecast To 2023
Summary
Global Automotive 3d Printing Market Information Report, By Technology (Stereolithography (SLA), Laser Sintering, Electron Beam Melting, Laminated Object Manufacturing and Others), By Material (Metal, Alloys and Others), By Application (Prototyping and Tooling, Manufacturing, R&D Activities and Others), By Region - Forecast To 2023
Overview
The increasing focus on introducing innovative and effective printing materials to offer lightweight spare parts, decreasing material wastage, and lessening the turnaround time is fueling the development of the global Automotive 3d Printing Market Size over the assessment period. The increasing government support for research and development activities in 3D printing technology is anticipated to positively impact on the expansion of the global Automotive 3d Printing Market Size.
Competitive Analysis
The leading market players operating in the global market as identified by MRFR are Autodesk, Stratasys Ltd, 3D Systems, Inc, Arcam AB, Exone, EnvisionTEC, Inc, Voxeljet AG, Ponoko Ltd, Local Motors, Optomec, Inc and among others. The augmented investments in research and development for introduction of modern printing materials and cost-efficient printers has strengthened the competition amid the players of the global Automotive 3d Printing Market Size. The significant focus of players on development of their businesses through strategic mergers, partenrships and acquisitions is encouraging the growth of the global Automotive 3d Printing Market Size.
Segmental Analysis
The global Automotive 3d Printing Market has been analyzed on the basis of material, technology, and application. Based on the technology, the market for Automotive 3D Printing is divided into laser sintering, stereolithography (SLA), laminated object manufacturing, electron beam melting, and others. Among these, the stereolithography (SLA) holds the maximum market share in the global Automotive 3d Printing Market Size by 2023.
By the material, the Automotive 3d Printing Market Size is divided into alloys metal, and others. Based on application, the global Automotive 3d Printing Market Size is segmented into research and development activities, prototyping and tooling, manufacturing, and others.
Regional Analysis
The Automotive 3d Printing Market Size in the North America, and the Asia Pacific regions is developing considerably, due to the increasing technological advancement in the sector on 3D technology and brisk expansion in the automotive vertical in these countries. The seamless development in the 3D printing technology for expanding the application range of 3D printing technology is fueling the expansion of the market for Automotive 3D Printing in the rest of the world over the review period.
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