Military 3D Printing Market expected to reach ,594.4 Million by 2025

Posted by Sandeep Roy on October 29th, 2019

The Military 3D Printing Market is estimated to be 9.8 Million in 2018 and is projected to reach ,594.4 Million by 2025, at a CAGR of 28.37% from 2018 to 2025. The increasing use of 3D printing to manufacture lightweight defense-related components is one of the most significant factors projected to drive the growth of the military 3D printing market.

Market Ecosystem

The military 3D printing market has been segmented on the basis of offering, process, application, platform, and region. Key companies profiled in the report include Stratasys (US), 3D Systems (US), ExOne (France), EOS (Germany), Arcam (Sweden), and Norsk Titanium (Germany). Contracts, new product launches, and partnerships are key growth strategies adopted by leading players in the market.

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Target Audience for this Report

  • Military 3D Printing Service Providers
  • Defense Equipment Manufacturers
  • 3D Printing Manufacturers
  • Raw Material Suppliers
  • Air Forces
  • Naval Forces
  • Armies
  • Ministry of Defense of Various Countries

Based on process, the market has been segmented into binder jetting, direct energy deposition, material extrusion, material jetting, powder bed fusion, vat photopolymerization, and sheet lamination. The direct energy deposition segment is projected to grow at the highest CAGR during the forecast period. This growth can be attributed to the requirement for printing small-to-medium sized, and highly-complex functional parts of defense equipment.

Based on application, the market has been segmented into functional part manufacturing, tooling, and prototyping. 3D printing or additive manufacturing helps produce prototypes and models from 3D Computer-aided Design (CAD). OEMs in the defense industry are focused on the adoption of 3D printing technology to develop complex parts with minimum wastage. The need to produce cost-efficient prototypes according to specific customer requirements is one of the most significant factors projected to drive the growth of the prototyping segment.

Based on platform, the market has been segmented into airborne, land, naval, and space. The airborne segment is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing use of 3D printing technology to develop lightweight and durable components of aircraft and drones.

Based on region, the market has been segmented into North America, Europe, Asia Pacific, the Middle East, and Rest of the World (RoW). The North American region led the military 3D printing in 2017. The increasing applicability of 3D printing technology in various industries, such as aerospace, chemicals, and automotive, in North America is one of the most significant factors expected to fuel the growth of the market in this region.

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Sandeep Roy

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Sandeep Roy
Joined: August 7th, 2019
Articles Posted: 287

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