The military 3D printing industry was estimated at $0.88 billion in 2021, and is set to reach $7.5 billion by 2031, growing at a CAGR of 24.8% from 2022 to 2031. The report offers a detailed analysis of changing market trends, top segments, key investment pockets, value chains, regional landscapes, and competitive scenarios.
Download FREE Report Sample at https://www.alliedmarketresearch.com/request-sample/17808
Covid-19 scenario:
- The COVID-19 pandemic negatively impacted the growth of the global military 3D printing market as lockdown and temporary shutdown affecting the 3D printing work of research units.
- Workforce unavailability, disruption in supply chain activities, and travel restrictions during the COVID-19 period had adverse effect on the global industry surge.
- Revenue crunch and huge maintenance costs during the pandemic severely affected the industry players, thereby affecting the revenue and growth of the global market.
Major market players
- 3D Systems, Inc.
- Autodesk Inc.
- Dassault Systemes SE
- The ExOne Company
- Fracktal Works Private Limited
- General Electric Company
- Markforged
- Materialise NV
- Optomed, Inc.
- Protolabs
- Stratasys, Ltd.
- Ultimaker BV.
Interested to Procure the Data with Actionable Strategy & Insights? Inquire Before Buying – https://www.alliedmarketresearch.com/purchase-enquiry/17808
The technology segment to dominate the global market in terms of revenue in 2031
Based on the component, the technology segment contributed the highest market share in 2021, accounting for nearly half of the global military 3D printing market share. Furthermore, the segment is projected to contribute majorly toward the global market share during the forecast period. Apart from this, the same segment is set to record the fastest CAGR of 26.0% from 2022 to 2031. The growth of the segment during the forecast period can be attributed to rise in use of 3D printing technology in the defense activities. The report also includes other segments such as material and services.
The prototyping segment to hold the major market share over 2022-2031
In terms of the application, the prototyping segment contributed to the largest market share in 2021, accounting for more than two-fifths of the global military 3D printing market share. Furthermore, the same segment is anticipated to dominate the growth of the global market over the forecast period. The growth of the segment over the assessment period is subject to massive use of 3D printing in developing prototype in the defense sector. However, the end-use parts segment is predicted to record the highest CAGR of 27.1% over the forecast period. The growth of this segment over the forecast timeline can be credited to large-scale use of end-use parts as sub-assembly in defense materials. Moreover, with help of 3D printing, end-use parts can be manufactured without tooling and can also be customized in cost-effective way.
Request Customization : https://www.alliedmarketresearch.com/request-for-customization/17808
Similar Reports We Have on 3D Printing Industry :
Aerospace 3D Printing Market Expected to Reach $6.80 Billion, at 18.4% CAGR by 2030
Military 4D Printing Market Expected to Reach $673.4 million, at 45.2% CAGR by 2040
3D Printing Market Expected to Reach $94.0 Billion, at 22.1% CAGR by 2030
Automotive 3D Printing Market Expected to Reach $13.02 Billion, at 23.7% CAGR by 2030
About Us :
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
Contact :
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): +1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com/reports-store/aerospace-and-defence