3D Printing Software and Services Market Share, Growth Rate, Trends and Forecast 2027
Research Reports
Jan 18, 2021
Market Size – USD 3,427.7 Million in 2019, Market Growth – CAGR of 14.3%, Market trends – Growing demand from the medical and consumer goods industry
The global 3D printing software & services market is forecasted to be worth USD 9,571.6 Million by 2027, according to a currency analysis by Emergen Research. The industry for 3D printing software & services is witnessing a surge in demand as there is an increased application in consumer products, motor vehicles, and medicals, among others. The reduction in errors and overall time and development cost, ease in manufacturing, and the ability to build very intricate tailored designs are driving the market growth.
To help gain the business owner further gain business intelligence the study on the 3D Printing Software and Services market for the forecast period 2020 – 2027 brings to light data on production capability, consumption capacity, spending power, investment feasibility, and technology innovation. A thorough assessment of market performance across different regions is presented through self-explanatory graphic images, charts, and tables that add weight to corporate presentations and marketing materials. The study offers regional profiles of major vendors and extensive country-level break down to empower companies to make a wise investment decision when exploring new regions.
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Key Highlights From The Report
In November 2019, Stratasys made an announcement about the launch of Work Order Management Software for application 3D Printing workshops
In the medical sector, 3D printing software & services are used to make implants, scaffolds, surgical instruments, and prosthetics. The growing demand for advanced medical products and prosthetics are propelling the demand for the market.
Digital fabrication technology has made 3D prototyping cost-effective and less time-consuming. A variety of materials can be used for the prototype application, such as cheap PLA, durable nylon, impact-resistant ABS, and others. The prototyping application segment is forecasted to grow with a significant CAGR during the forecast period.
The 3D printing software & services in the automotive industry offer benefits associated with the demand for new vehicles with improved performance, production optimization, and supply chains & logistics restructuring for a streamlined operation. Apart from the widespread deployment of 3D printing for rapid prototyping, it is also used to manufacture tooling and, in certain cases, end-parts.
North America dominated the market for 3D printing software & services in 2019, and the US has the highest adoption rate of the product. The region has various medium and small-sized manufacturers. The presence of a mature 3D printing software & services market and adoption of advanced technology is spurring the demand for the product. The region held a market share of 36.5% in the year 2019.
Key participants include 3D Systems, Stratasys, GE Additive, EOS GmbH, Voxeljet, SLM Solutions, Hewlett Packard, Optomec, Autodesk, and Protolabs, among others.
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Knowing the trends influencing the industry performance
Stakeholders, marketing executives and business owners planning to refer a market research report can use this study to design their offerings and understand how competitors attract their potential customers and manage their supply and distribution channels. When tracking the trends researchers have made a conscious effort to analyze and interpret the consumer behaviour. Besides, the research helps product owners to understand the changes in culture, target market as well as brands so they can draw the attention of the potential customers more effectively.
Regional Scope- North America; Europe; Asia Pacific; Central & South America; MEA
Apart from the above mentioned content the researchers go an extra mile to define the distinct usage occasions and lists the customer segments to leverage the brand and identify future opportunities. Besides, the subject matter expert segment the target customers purely based on their consumption patterns.
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Component Outlook (Revenue, USD Billion; 2017-2027)
Software
Design Software
Scanning Software
Pinter Software
Inspection Software
Service
Process Outlook (Revenue, USD Billion; 2017-2027)
Material Extrusion
Material Jetting
Powder Bed Fusion
Vat Photopolymerization
Binder Jetting
Sheet Lamination
Directed Energy Deposition
Application Outlook (Revenue, USD Billion; 2017-2027)
Functional Part Manufacturing
Prototyping
Tooling
Industry Verticals Outlook (Revenue, USD Billion; 2017-2027)
Engineering
Aerospace and Defense
Consumer Products
Healthcare
Energy
Education
Printed Electronics
Architecture and Construction
Food and Culinary
Automotive
Jewelry
Technology Outlook (Revenue, USD Billion; 2017-2027)
Fused Deposition Modeling (FDM)
Direct Metal Laser Sintering (DMLS)
Inkjet Printing
Laser Metal Deposition (LMD)
Laminated Object Manufacturing (LOM)
Stereolithography (SLA)
Selective Laser Sintering (SLS)
PolyJet/MultiJet Printing (MJP)
Electron Beam Melting (EBM)
Direct Light Projection (DLP)
Others
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