ICT & Electronics U.S. 3D Printing Market | Page 2

The global U.S. 3D printing market is segmented into product type, material type
and service. High expenditure on innovative and advanced technologies and
technological advancements such as technological shift from designing
prototypes to producing end-user products are anticipated to be the major factors
behind the growth of U.S. 3D printing market.
Global U.S. 3D printing market is expected to register a robust CAGR over the
forecast period. Moreover, the global U.S. 3D printing market is expected to
reach at notable revenue of USD 17.2 Billion by the end of 2020. The growth of
U.S. 3D printing market can be attributed to high demand for 3D printers from
aerospace & defense, healthcare, education and consumer product industries.
Further, printer sector is anticipated to showcase maximum CAGR of 29% during
the forecast period. Additionally, this segment is anticipated to reach at notable
revenue of USD 6.48 Billion by the end of 2020. Further, rise in R&D focus on
print materials and growing revolutionary transformations in 3D printing
processes are envisioned to foster the growth of U.S. 3D printing market.
Growing adoption of 3D printing technologies in manufacturing
industries
3D printing technologies are being used at broad level in a number of industries
including automotive, aerospace, dental, discrete, high tech and medical devices.
Further, increasing use of 3D printing technologies in various manufacturing
industries for prototyping processes are estimated to drive the growth of 3D
printing market in U.S. country.
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Abilities of 3D printing
U.S. 3D printing market is anticipated to flourish in near future. This growth of
U.S. 3D printing market is augmented by abilities of 3D printers which include
reduction of errors, high degree of accuracy, efficient use of raw materials, ability
to build customized products and competency over other printing techniques.
Moreover, continuous introduction of new applications of 3D printing
technologies such as use of 3D printing technologies in making drugs are
projected to foster the growth of U.S. 3D printing market during the forecast
period.
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