India 3D Printing Market To Be Dominated By Stereolithography Sub-Segment
Increase in the development of customized products
and government investments in 3D printing projects are driving the 3D Printing market in India.
According to TechSci Research
report, “India 3D Printing Market-
By Region, Competition Forecast & Opportunities, 2028,” the 3D
Printing Market in India is anticipated to grow
during the forecast period as a result of the intensive R&D being conducted
in three-dimensional printing and the rising demand for prototype applications
from several industrial verticals, notably healthcare,
automotive, aerospace and defense.
Additive
manufacturing is the term most often used to describe 3D printing used in
industrial applications (AM). In additive manufacturing, the material is added
layer by layer to create an item from a three-dimensional file with the use of
software and a 3-dimensional printer. The technique is implemented by choosing
a pertinent 3D printing technology from the range of options. This procedure is
implemented across many industry verticals as needed in the last phase.
Installation
services, consulting options, client assistance, and problem-solving with regard
to copyright, licencing, and patenting are all included in the deployment.
Three-dimensional printing has several benefits for businesses, including
prototyping, creating the structure and finished items, modelling, and speed to
market. Because of this, the manufacturers are able to sell superior items at more
affordable rates and manufacturing costs have dropped significantly. The demand
for 3D printers, and hence 3D printing is anticipated to increase in the
upcoming years as a result of these advantages.
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However, the
numerous misconceptions small and medium-sized businesses have about
prototyping processes are impeding the adoption of additive manufacturing.
Enterprises involved in design, especially small and medium-sized businesses,
are delaying thinking about prototyping costs as appropriate investments rather
than seeking to understand the advantages and benefits of prototypes. These
companies typically think that prototyping is only an expensive step before
production. These erroneous notions concerning prototype, in addition to a
dearth of technological know-how and a forthcoming deficit of standardized process controls, are predicted to hamper industry growth..
The COVID-19
pandemic outbreak has had a major effect on the Indian d economy as a whole
and, therefore, the 3D printing sector. When it
comes to the total number of COVID-19 patients in the area, India was initially
among the worst-affected countries. The government issued an order for the
total lockdown in several important cities due to the virus' rapid spread. The lockdown
impacted the 3D printing industry.. This,
together with the labour issue, is attributed to the entire disruption of the
country's supply and logistics systems. The output of 3D printing was halted,
which had a detrimental impact on the market's expansion overall in the first
and second quarters of 2020.Based
on Technology, the India 3D Printing market is segmented into Stereolithography,
Fuse Deposition Modeling, Selective Laser Sintering, Electron Beam Melting,
Laminated Object Manufacturing, and Others. The Stereolithography sub-segment makes
up the greatest portion of the market because it is a traditional and
established printing process.. Although the advantages and simplicity of
stereolithography technology are promoting its adoption, technological
developments and aggressive research and development efforts carried out by
industry experts and researchers are opening up opportunities for a number of
other reliable and effective technologies. Additionally, Fused Deposition
Modeling (FDM) represented a sizeable portion of income in 2021 due towidespread
usage of the technology in many 3D Printing processes. As these technologies
are suitable in specialized additive manufacturing processes, the Selective
Laser Sintering, Electron Bean Melting, and Laminated Object Manufacturing are
anticipated to have an increasing acceptance over the projected period.
Opportunities for the implementation of these technologies would be made
possible by the rising demand from the aerospace and defense, healthcare, and
automotive verticals.
Key market
players in the India 3D Printing Market include:
- Aha 3D innovations Pvt
Ltd. 3D Print India
- Imaginarium India Pvt. Ltd
- J Group Robotics
- Dev Engineering
- Altem Technologies Ltd
- Wipro Enterprises Pvt Ltd.
- Sahajanand
Technologies Private Limited Aurum 3D
- 3D Spectra Technologies LLP
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“The
3D printing industry is still in its infancy stage in India. In the years to
come, it will present enormous growth prospects. The Make in India program,
together with the emphasis on local production, the requirement for lean
manufacturing, and rising penetration across a wide range of applications, would
boost theIndia 3D Printing Market. The development of the regional 3D printing
market will inevitably be significantly impacted by Make in India program.. Israel-based
Stratasys is planning
a rapid expansion
of its 3D printing sector in India. Therefore, the growth of 3D Printing Market is
expected to rise in the upcoming years,”
said Mr Karan Chechi, Research Director with TechSci Research,
a research-based global management consulting firm.
“India 3D Printing Market By Component (Hardware,
Software and Services {Software (Design Software, Inspection Software, Printer
Software, Scanning Software)}), By Printer Type (Desktop 3D Printer, Industrial
Printer), By Technology (Stereolithography, Fuse Deposition Modeling, Selective
Laser Sintering, Electron Beam Melting, Laminated Object Manufacturing,
Others), By Process (Powder Bed Fusion, Vat Polymerization/ Liquid Based,
Material Extrusion, Binder Jetting, Material Jetting, Others), By Vertical
(Automobile, Consumer Electronics, Medical, Aerospace & Defense, Education,
Others), By
Region, Competition Forecast & Opportunities, 2028”, has
evaluated the future growth potential of India 3D Printing Market and provides
statistics and information on market structure, size, share, and future growth.
The report is intended 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 present in the India 3D Printing Market.
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