Press Release

United States 3D Printing Market to be Led by Expanding Automotive Applications

Increasing Adoption in Aerospace and Defense propelling United States 3D Printing market during the forecast period 2018-2028

 

According to TechSci Research report, “United States 3D Printing Market – By Region, Competition, Forecast and Opportunities, 2018-2028F” The United States 3D printing market has witnessed remarkable growth and transformation in recent years, positioning itself as a dynamic and influential player in the global 3D printing industry. 3D printing, also known as additive manufacturing, has evolved from niche technology to a mainstream manufacturing method with applications spanning various sectors, including aerospace, healthcare, automotive, and consumer goods. One of the key drivers behind the growth of the 3D printing market in the United States is the continuous innovation and advancement in 3D printing technologies. American companies and research institutions have been at the forefront of developing cutting-edge 3D printing techniques and materials. This includes the development of high-performance polymers, metal alloys, and biocompatible materials, expanding the range of applications for 3D printing in industries like aerospace, where lightweight and high-strength components are in high demand. The healthcare sector has experienced a revolution through 3D printing in the United States. From patient-specific implants and prosthetics to custom surgical tools and pharmaceuticals, 3D printing has enabled healthcare professionals to provide more personalized and effective care. Additionally, during the COVID-19 pandemic, the 3D printing community in the U.S. played a vital role in producing essential medical supplies like face shields and ventilator components rapidly. Furthermore, the United States is home to a robust ecosystem of 3D printing companies, from well-established industry leaders to startups and innovators. This diverse landscape fosters healthy competition and drives technological advancements. Companies like Stratasys, 3D Systems, HP, and Carbon have made significant contributions to the 3D printing market with their innovative technologies and solutions. Government support and investments in 3D printing research and development have also played a pivotal role in the market's growth. Initiatives such as America Makes, a public-private partnership focused on advancing additive manufacturing, have accelerated innovation and collaboration between industry and academia. Federal agencies like NASA and the Department of Defense have integrated 3D printing into their operations, spurring advancements in aerospace and defense applications. However, challenges persist in the U.S. 3D printing market. Intellectual property concerns, quality control, and regulatory hurdles are among the key issues that need to be addressed as 3D printing technologies continue to evolve. Additionally, the industry must navigate supply chain disruptions and material shortages, as evidenced during the pandemic, to ensure consistent production and growth. Despite these challenges, the United States 3D printing market remains a vibrant and dynamic sector, poised for further expansion. As technology continues to advance, and with a strong foundation in research, innovation, and industry collaboration, the U.S. 3D printing market is likely to play an increasingly influential role in shaping the future of manufacturing, healthcare, and various other industries.

 

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The United States 3D Printing market is segmented into component, technology, and end user. Based on components, the market is segmented into printer type, material, and software. The printer type segment is further divided into desktop, industrial. The material type segment is further divided into polymer, metal, and ceramic. And the software segment is further divided into design, inspection, printer, and scanning. Based on technology, the market is segmented into stereolithography, fuse deposition modelling, selective laser sintering, inkjet printing, polyjet printing, laser metal deposition, and others. Based on the end user, the market is segmented into automotive, aerospace & defense, healthcare, construction & architecture, power & energy, fashion & jewelry, food, and others. Based on printer type, the industrial 3D printing segment in the United States 3D printing market emerges as the dominant and steadfast force, maintaining a commanding influence that is projected to persist throughout the forecast period. This resilience and prominence can be attributed to several key factors. Firstly, industrial 3D printing caters to a wide spectrum of industries, including aerospace, automotive, healthcare, and manufacturing, each with a voracious appetite for innovative and precise additive manufacturing solutions. Secondly, industrial-grade 3D printers are characterized by their capability to produce high-quality, large-scale, and complex components, meeting the exacting demands of these sectors. Additionally, ongoing advancements in industrial 3D printing technology, coupled with a growing emphasis on customization and sustainability, further solidify its position as the linchpin of the market. As the industrial 3D printing segment continues to push the boundaries of what's possible in manufacturing, it is poised to maintain its commanding influence, shaping the trajectory of the entire industry.

 

Key market players in the United States 3D Printing market include:

  • Stratasys Ltd.
  • 3D Systems, Inc.
  • Proto Labs, Inc.
  • Materialise NV
  • Desktop Metal Inc.
  • HP Inc.
  • Carbon, Inc.
  • Formlabs, Inc.
  • Markforged, Inc.

 

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“The Northeast region in United States has undeniably carved out a commanding presence within the country's 3D Printing market, establishing itself as the undisputed epicenter of 3D Printing innovation, adoption, and influence. This region, encompassing states such as New York, Massachusetts, and Pennsylvania, has consistently set the pace for the 3D printing industry's evolution. One of the key reasons behind the Northeast's prominence is the concentration of world-class research institutions and renowned universities. These academic hubs drive groundbreaking research and development in 3D printing technologies, materials, and applications. As a result, the Northeast fosters an environment of innovation that attracts both startups and established companies seeking to harness the latest advancements in 3D printing. Moreover, the region's strong presence in industries like healthcare, aerospace, and advanced manufacturing fuels the demand for 3D printing solutions. Healthcare institutions in the Northeast utilize 3D printing for patient-specific medical devices and surgical planning, while aerospace companies employ the technology for lightweight, high-performance components. This industrial demand further propels the region's leadership in the 3D printing market. Additionally, the Northeast's proactive approach toward fostering a culture of entrepreneurship and technology adoption has positioned it at the forefront of the 3D printing revolution. Supportive government initiatives, access to venture capital, and a skilled workforce contribute to the region's ability to push the boundaries of what is achievable with 3D printing.” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based Global management consulting firm.

“United States 3D Printing Market Segmented by Component ((Printer Type (Desktop, Industrial), Material (Polymer, Metal, Ceramic), Software (Design, Inspection, Printer, and Scanning)), By Technology (Stereolithography, Fuse Deposition Modelling, Selective Laser Sintering, Inkjet Printing, Polyjet Printing,  Laser Metal Deposition, and Others), By End User (Automotive, Aerospace & Defense, Healthcare, Construction & Architecture, Power & Energy, Fashion & Jewellery, Food, and Others), By Region, Competition, Opportunity, and Forecast, 2018-2028F”, has evaluated the future growth potential of 3D Printing and provides statistics and information on market structure, size, share, and future growth. the report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the United States 3D Printing market.


 

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