3D Printing Market and its Impact in Aerospace and Consumer Electronics
3D Printing technology has started shifting the manufacturing industry in new dimension. With the help of the 3D printing technology, the manufacturing industry could design complex components. The 3D printing technology is mainly being adopted by the consumer electronics industry. The manufacturers are able to improve their supply chains, and design minute, light-weight product components with the help of the 3D technology.
Most of the 3D printing technologies are patented by the leading 3D printing companies. Since 2008, for most of the technologies, the patents have expired and are aggressively being used by other 3D technology vendors. Fused Deposition Modeling (FDM), Selective Laser Sintering (SLS), Stereolithography (SLA) and others are considered as the 3D technologies. At present, the aerospace industry is investing a lot on laser-based 3D printing technology such as SLS and consumer electronics industry and is focusing more on FDM and SLS technology.
The popular 3D printing materials are plastic, ceramics, rubber, wax and metals. Metals are one of the fastest growing 3D printing materials whereas plastic is currently dominating the worldwide 3D printing materials market. Metal alloys are more preferred by the aerospace industry whereas plastics and wax are being preferred by the consumer electronics. North America and Europe are currently dominating the market. It is expected that in the near future, Latin America and Asia Pacific will be the key 3D printing regions. Singapore, Japan, Brazil, and Mexico will also be the key countries in these regions. Increase in Public Private Partnerships (PPPs), less raw material costs and increased investments in R&D in these countries are helping the 3D printing market in aerospace and consumer electronics markets.
The report segments the “Worldwide 3D Printing Market in Aerospace and Consumer Electronics” on the basis of technologies and materials. The report also covers 3D printing market in aerospace and consumer electronics market in terms of trends, regions and vendor assessments on the basis of technology, R&D spendings, and product offerings. The report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiative, and technologies related to the market. In addition, helps the venture capitalist in understanding the companies better and take informed decisions.