The scope of the Report
This study provides an overview of the Military 3D Printing Market, tracking five market segments across five geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume, and share for North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America. The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the military 3D printing market through its offering, application, platform, process, technology, and region.
3D printing is the process of building three-dimensional objects and creates lightweight aircraft parts.. The growing capabilities in additive manufacturing have led to the increasing demand for the development of 3D printing. However, some shortcomings such as the high cost of 3D printing parts and lack of standard process control will restrain the growth of this market. The market for military 3D printing is estimated to witness a CAGR of 28% during the forecast period.
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3D printing refers to a process used to build three dimensional products that are based on a computer-aided design (CAD) digital model. 3D printing is used for creating aircraft parts that are lightweight and aid in the reduction of raw material consumption. It covers an array of technologies such as binder jetting, and digital light processing. Additive manufacturing is a broader term used to refer to 3D printing. It also inculcates material extrusion, and sheet lamination. However, in the 3D printing industry, these two terms are used interchangeably. Technological advancements that are made in the additive manufacturing industry are expected to require highly accurate 3D printing technologies.
Some prominent players functioning in the global military 3D printing market, as per this latest market research report include Stratasys (U.S.), 3D Systems Corporation (U.S.), The Exone Company (U.S.), EOS GmbH (Germany), Arcam AB (Sweden), Norsk Titanium AS (U.S.), American Elements (U.S.), Cimetrix Solutions (Canada), Artec Europe (Luxembourg), 3T RPD (U.K), Optomec Inc. (Mexico), Initial (France), Markforged (U.S.), Smg3D (U.K), and Engineering & Manufacturing Services (U.S.).
The global military 3D printing market is segmented by offering, application, platform, process, technology, and region. Based on offering, the global military 3D printing market is segmented into printer, material, software, and service.
Based on application, the global military 3D printing market is studied for the segments of prototyping, tooling, and functional part manufacturing.
Based on platform, the global military 3D printing market is segmented into airborne, naval, land, and space.
Based on process, the global military 3D printing market is segmented into material extrusion, power bed fusion, vat photo polymerization, binder jetting, material jetting, sheet lamination, and direct energy deposition.
Based on technology, the global military 3D printing market is segmented into fuse deposition modelling, stereo lithography, selective laser sintering, direct metal laser sintering, polyjet printing, electron beam melting, inkjet printing, digital light processing, and laminated object manufacturing.
Detailed Regional Analysis
The global military 3D printing market is studied for the regions of Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these regions, the global military 3D printing market is expected to be spearheaded by North America, during the review period, as per the latest report provided by MRFR.
This domination is attributed to the increasing applicability of 3D printing technology in various industries. Further, Asia Pacific is expected to follow North America and garner the second largest share of the global military 3D printing market over the forecast period. This is estimated due to the rising military spending by countries that are based in this region such as China and India.
By region, the market is segmented into North America, Asia-Pacific, Europe, the Middle East & Africa, and Latin America. The increasing applicability of 3D printing technology in various industries will boost the market in North America. The rising military spending in countries such as India and China will boost the market in Asia-Pacific.
Meanwhile, in 2017, Stratasys Ltd signed a contract with Airbus to produce 3D printed polymer parts for A350 XWB aircraft. In 2015, 3D Systems signed a contract with Air Force Research Laboratory (AFRL) to develop advanced aerospace and defense 3D printing manufacturing capabilities. Moreover, the emergence of 3D printing in the product development stage for defense companies has boosted the market.
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