3D printing, also known as AM, is the process of making a 3D model by laying down many successive layers of a 3D material. It helps in manufacturing customized products at a mass level without incurring extra costs and other environmental impacts. During the advent of this technology, these models were restricted to prototyping purposes, but in recent times 3D printing technology has made a paradigm shift toward conventional product manufacturing in industries extending from aerospace to consumer products.
The analysts forecast the global 3D printing market in the electronics industry 2015-2019 to grow at a CAGR of 18.94 % over the period 2014-2019.
Covered in this report
This report covers the present scenario and the growth prospects of the global 3D printing market in the electronics industry for the period 2015-2019. To calculate the market size and vendor share, the report considers revenue generated from services and sales of printers and materials.
The author recognizes the following companies as the key players in the Global 3D Printing Market in Electronics Industry: 3D Systems, Arcam, ExOne and Stratasys.
Other Prominent Vendors in the market are: Autodesk, EOS, EnvisionTEC, Graphene 3D Lab, Materialise, Optomec and Voxeljet.
Commenting on the report, an analyst from the team said: "The key vendors in the 3D printing market are progressively investing in R&D to provide better functionality and more innovative products. These investments have helped them capture a significant market share and gain a competitive edge over other leading vendors. Key vendors in the market, such as Stratasys, 3D Systems, and Arcam, have already invested huge amounts in R&D with a view to expand their product portfolio. Other vendors have also followed suit to gain market share. We expect this trend to have a progressive influence on market growth during the forecast period."
According to the report, the 3D printing market has evolved with many new technologies and manufacturing processes to improve design, time, and cost efficiency and reduce errors. The current manufacturing techniques are SLA, SLM, EBM, FDM, SLS, and LOM. Of these, SLA dominates the market, while SLS and EBM have significant growth potential in the forecast period.
Further, the report states that currently, 3D printing technology is more expensive than the traditional manufacturing alternatives.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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