On the way to a peak of $ 9.9 billion, according to IDTechEx
BOSTON, December 16, 2021 / PRNewswire / – In the thirty years since the founding of the 3D printing industry, countless printing technologies have been invented, patented and commercialized – from the manufacture of fused filaments to the processing digital light, from selective laser melting to binder jet, from material jet to sheet lamination, and every single printing technology in between. With each new technology, the additive manufacturing market has increased its ability to expand into new applications, end users and industries. From this point of view, 3D printers can be seen as the foundation for the growth of the additive manufacturing industry in recent years. Therefore, to understand the future advancements and prospects of additive manufacturing, it becomes essential to learn and understand 3D printing technologies and equipment.
The brand new IDTechEx report, “3D Printing Equipment 2022-2032: Technology and Market Outlook,” carefully explains and analyzes the growth in 3D printing equipment technologies and sales. This report divides the market into 17 technology segments to create 17 COVID-19 adjusted forecast lines for each individual segment. IDTechEx predicts that the market for 3D printing equipment will peak at $ 9.9 billion in the decade.
3D printing technologies: a permanent place of innovation
More than thirty years later Chuck hull has filed its patent for stereolithography (SLA), new start-ups around the world continue to innovate on existing 3D printing technologies to access new materials and applications.
One of the fastest growing innovations is Bound Metal Extrusion (BME, also known as Metal-Polymer Filament Extrusion). This approach to conventional thermoplastic filament extrusion involves loading metallic powder into a thermoplastic filament, which acts as a temporary binder for the metallic powder. This metal-polymer filament is extruded into one piece, after which the green piece is debonded in an oven to remove residual polymer and sintered in an oven to completely densify the piece. Metal-polymer filament extrusion was brought to market only four years ago by Desktop Metal, but is already experiencing rapid growth and interest. Since then, several other companies have launched their own iterations on BME, including Markforged, BASF, BCN3D, 3DGence, and FuseLab. It is important to note that BME has generated interest in the overall printing method of using polymeric filaments or resins as binders to print metals or ceramics; this growing category includes BME as well as ceramic and metal light curing companies such as 3D Ceram, Incus, Admatec and Lithoz.
Although BME is one of the most important recent innovations in 3D printing technologies, it is by no means the only one. For example, US printing giant Xerox is preparing to launch its ElemX 3D printer, which uses its proprietary magnetohydrodynamic deposition to print molten metals like aluminum. For ceramics and metals, Israeli start-up XJet recently commercialized its Nanoparticle Jetting technology, a different approach to material jetting that involves jetting millions of metal or ceramic nanoparticles suspended in water. For polymers, the American start-up Evolve Additive Solutions recently delivered its 1st printer using the Selective Thermoplastic Electrophotographic Process (STEP), a technology more based on 2D laser printing than on any other existing 3D printing process.
While the refrain of “3D printing industry consolidates” has been repeated frequently over the past few years, IDTechEx’s technology and market analysis shows that the hardware market is yet to come. quite there. With many new technologies receiving significant private funding and commercialized by players outside of industry giants 3D Systems and Stratasys, it’s clear that 3D printing hardware is still ripe for innovation.
3D Printing Equipment Market Forecast
The brand new IDTechEx report, “3D Printing Hardware 2022-2032: Technology and Market Outlook”, analyzes each established and emerging printing technology based on its material class.
Technology market share in 2021. Source: IDTechEx – “3D printing equipment 2022-2032: technology and market outlook”
For more information on this market, including profiles based on interviews of key players, technology benchmarking studies, granular 10-year market forecast comprising 17 forecast lines, and application case studies, check out the www.IDTechEx.com/3DPhardware market report. For the full portfolio of 3D printing research available from IDTechEx, please visit www.IDTechEx.com/Research/3D. Sample pages are available for all IDTechEx reports.
IDTechEx guides your strategic business decisions through its research, subscription and advisory products, helping you take advantage of emerging technologies. for more information, contact [email protected] or visit www.IDTechEx.com.
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