Military 3D Printing Market Opportunities and Trends with Major Eminent Vendors: Stratasys Ltd., 3D Systems Corporation, 3T RPD, The Exone Company,
Military 3D printing is a process of creating 3D objects from a digital record using several materials, such as ceramics, aluminum, and titanium. Mounting investments by defense bodies in 3D printing assignments, escalating requirement for lightweight parts and components in the defense industry are the factors driving the growth of the global military 3D printing. Different offerings such as a printer, software, and material contributed to the military 3D printing market size. The market has witnessed a high demand for printer segment over last few years due to escalating need for 3D printed components from OEMs in the defense industry.
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The mounting investments by defense bodies in 3D printing assignments, escalating requirement for lightweight parts and components in the defense industry, and reduction in manufacturing cost of parts are the primary growth drivers for military 3D printing market. Development of advanced 3D printing technologies, development of portable printers and 3D printing as a service are also facilitating the growth of the military 3D printing market.
On the basis of technology, the market is subdivided into stereo lithography, direct metal laser sintering (DMLS), laser metal deposition, fuse deposition modeling, polyjet printing, electron beam melting, and selective laser sintering (SLS), digital light processing, inkjet printing, and laminated object manufacturing.
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Geographically, North America accounted the largest share and is observed to witness the fastest growth in the market, due to the mounting applicability of 3D printing technology in several industries, such as aerospace, chemicals, and automotive. In addition, mounting government investment in 3D printing and escalating requirement for lightweight parts and components in the defense industry are also facilitating the growth of the North American market.
Key players in the military 3D printing market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. In August 2018, The ExOne Company announced 304L stainless steel a printable material due to high durability, low cost, and corrosion resistance. Stratasys Ltd., 3D Systems Corporation, 3T RPD, The Exone Company, American Elements, Markforged, and Optomec are the key players offering military 3D printing.