This report provides a detailed
analysis of the military 3D printing from 2018 to 2025. It discusses industry
and technological trends prevailing in the market and examines factors that are
expected to drive or restrain the growth of the market in the near future. The military 3D printing market is estimated to
be USD 799.8 million in 2018 and is projected to reach USD 4,594.4 million by 2025,
at a CAGR of 28.37% from 2018 to 2025. This growth can be attributed to the increasing
demand for lightweight components from the defense industry. In addition, the
ability of 3D printing technology to manufacture complex geometries is also
expected to drive the market.
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The military 3D printing market has
been segmented on the basis of offering,
process, application, platform, and region. Based on offering, the military 3D printing market has been segmented into printer, material, software, and service. The printer segment is
projected to lead the military 3D printing market during the forecast period, owing
to the increasing demand for 3D printed components from OEMs in the defense
industry.
Based on process, the military 3D printing market has been segmented into binder jetting, direct
energy deposition, material extrusion, material jetting, powder bed fusion, vat
photopolymerization, and sheet lamination. The direct energy deposition segment
is projected to grow at the highest CAGR during the forecast period, owing to the
high demand for metal components and spares from the defense industry, which
can be produced by the direct energy deposition process.
Based on application, the military 3D printing market has been segmented
into functional part manufacturing, tooling, and prototyping. The functional part manufacturing segment is projected
to grow at the highest CAGR from 2018 to 2025. This growth can be attributed to the adoption of 3D printing
manufacturing technology by OEMs in the defense industry. The 3D printing technology assists in the manufacturing
of complex parts with minimum wastage.
The military 3D printing market
in the North American region is expected to grow at the highest CAGR during the
forecast period. This growth can be mainly to increased investments made by the
US government toward the adoption of 3D printing technology to manufacture
complex components of defense systems. Furthermore, the rise in demand for
unmanned systems in North American countries is another significant factor
projected to drive the growth of the military 3D printing market in North
America.
Stratasys (US), 3D Systems (US),
ExOne (France), EOS (Germany), Arcam (Sweden), and Norsk Titanium (Germany) leading
players operating in the military 3D printing market. These companies are
focused on launching new products that can provide on-demand printing capabilities
to defense forces.
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