Metals are the fastest growing 3D printing materials worldwide on account of high application scope coupled with increasing demand from the medical and dental application.
The Global 3D Printing Metals Market is expected to reach USD 2.86 billion by 2025, according to a new report by Grand View Research, Inc.
The market has witnessed advancements, both in terms of technologies and materials, in order to facilitate low cost and mass production of the products. This would also lead to flexibility in designs and ease of manufacturing of products for wide range of applications.
Numerous companies including GE have been utilizing metal 3D printing for the development of aerospace parts. In December 2016, Sigma Labs entered into a new contract with Honeywell aerospace. The Defense Advanced Research Project Agency (DARPA) selected the company for completion of phase III of the Open Manufacturing (OM) program. It is aimed at reducing the barriers involved in the metal 3D printing process including speed, cost, and repeatability.
Powder segment is expected to witness the fastest CAGR of over 30% from 2016 to 2025 on account of significant technological development in the field of metal printers. Aerospace & defense sector dominated the industry in 2015 with a share of over 35% and is anticipated to witness significant growth on account of high application scope in military aircraft, aircraft engine, commercial aircraft, complex weapon systems, high volume weapons, and munition components
To Know More About 3D Printing Metals Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/3d-metal-printing-market
The medical sector accounted for a share of over 30%, in terms of revenue, in 2015 on account of increasing use of the technology in medical implants, medical devices, and surgical equipment including crowns & bridges, model castings, and abutments. Titanium is expected to witness rapid growth from 2016 to 2025 on account of superior mechanical properties, accuracy in production, and early adoption of the product in aerospace & defense and medical industry.
Top Players of 3D Printing Metals Market:
Key industry participants include Arcam AB, ExOne GMBH, 3D Systems Corporation, Materialise NV, Renishaw PLC, Hoganas AB, Voxeljet AG, Carpenter Technology Corporation, Equispheres, GKN PLC, Sandvik AB, PLW Technology Ltd, Optomec Inc, Eos GmbH Electro Optical Systems, and Concept Laser GmbH.
Market Segmentation of3D Printing Metals Market:
The Global 3D Printing Metals Market segmented on the basis of Form, Product, and Application.
By Form:
Powder
Filament
By Product:
Titanium
Nickel
Steel
Aluminum
By Application:
Aerospace & Defense
Automotive
Medical & Dental
Inquire about 3D Printing Metals Market with Our Experts @ https://www.grandviewresearch.com/inquiry/4450
The Global 3D Printing Metals Market is expected to reach USD 2.86 billion by 2025, according to a new report by Grand View Research, Inc.
The market has witnessed advancements, both in terms of technologies and materials, in order to facilitate low cost and mass production of the products. This would also lead to flexibility in designs and ease of manufacturing of products for wide range of applications.
Numerous companies including GE have been utilizing metal 3D printing for the development of aerospace parts. In December 2016, Sigma Labs entered into a new contract with Honeywell aerospace. The Defense Advanced Research Project Agency (DARPA) selected the company for completion of phase III of the Open Manufacturing (OM) program. It is aimed at reducing the barriers involved in the metal 3D printing process including speed, cost, and repeatability.
Powder segment is expected to witness the fastest CAGR of over 30% from 2016 to 2025 on account of significant technological development in the field of metal printers. Aerospace & defense sector dominated the industry in 2015 with a share of over 35% and is anticipated to witness significant growth on account of high application scope in military aircraft, aircraft engine, commercial aircraft, complex weapon systems, high volume weapons, and munition components
To Know More About 3D Printing Metals Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/3d-metal-printing-market
The medical sector accounted for a share of over 30%, in terms of revenue, in 2015 on account of increasing use of the technology in medical implants, medical devices, and surgical equipment including crowns & bridges, model castings, and abutments. Titanium is expected to witness rapid growth from 2016 to 2025 on account of superior mechanical properties, accuracy in production, and early adoption of the product in aerospace & defense and medical industry.
Top Players of 3D Printing Metals Market:
Key industry participants include Arcam AB, ExOne GMBH, 3D Systems Corporation, Materialise NV, Renishaw PLC, Hoganas AB, Voxeljet AG, Carpenter Technology Corporation, Equispheres, GKN PLC, Sandvik AB, PLW Technology Ltd, Optomec Inc, Eos GmbH Electro Optical Systems, and Concept Laser GmbH.
Market Segmentation of3D Printing Metals Market:
The Global 3D Printing Metals Market segmented on the basis of Form, Product, and Application.
By Form:
Powder
Filament
By Product:
Titanium
Nickel
Steel
Aluminum
By Application:
Aerospace & Defense
Automotive
Medical & Dental
Inquire about 3D Printing Metals Market with Our Experts @ https://www.grandviewresearch.com/inquiry/4450
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