3D Printing Market Growth and Value Chain 2015-2025 by FMI FMI | Page 3

Report Description Report Description 3D printing is also referred as additive manufacturing, it is a process by which three dimensional solid objects are made from digital file. Additive process is used for creation of 3D object. In this process, products are built through layering, which avoid intervention of drilling, cutting etc. This technology is mainly beneficial for production of spare parts, which are otherwise very difficult to obtain. Manufactures nowadays are moving from mass production to low volume production of products which can be used across different industries. 3D printing materials provide various advantages such as high sensitivity, durability, stability and flexibility. Other advantages include reduction in time-to-market of new products and elimination of raw material wastage. Major application of 3D printing technology is done into industries like consumer goods, healthcare, aerospace and automotive. Out of which automotive industry is the largest end user segment of 3D technology and expected to remain dominant in future. Followed by healthcare industry, in which 3D printing is majorly used for production of dental implants and hearing shells. In aerospace and automotive industry 3D printing technique is used to reduce cost and increase productivity. This technique ensures quality of parts used in aircrafts and automobiles. Global 3D Printing Market Segmentation By use of raw material the market is further sub segmented into metals, ceramics, polymers and others. End user application of 3D printing is done in industries like, consumer goods, healthcare, aerospace and automotive etc. Out which application of 3D printing in healthcare sector is expected to grow rapidly which further boosting the overall market growth of 3D printing. Aerospace and automotive are the largest end user segment and expected to grow fastest in future.