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Nanoscale 3D Printing Market Segmented By Printer, Software, Services Component in Prototyping, Tooling, Functional Part Manufacturing in Healthcare, Aerospace and Defense, Automotive, Consumer Electronics, Energy and Power, Architecture and Construction Vertical
PMR’s research study covers insights about market trends, value (US$ Mn) projections, recent developments, and dynamics in the nanoscale 3D printing market for the forecast period of 2019-2029. The market is expected to expand at a CAGR of 19%. Among regions, North America is the most prominent in terms of value in the nanoscale 3D printing market, and accounted for a market share of 36% in 2018.
It is also expected to remain significant during the forecast period, owing to the presence of various key players and increasing penetration of smart solutions in the region. The global nanoscale 3D printing market is projected to create an incremental $ opportunity US$ 1.2 Bn during the forecast period.
Nanoscale 3D printing is perfectly suited for manufacturing personalized products owing to its flexibility and endless capabilities in manufacturing low and high volume products. As a result, it has been emerged as a perfect solution for developing patient-specific products using medical scanning and imaging data.
In addition, 3D printing can also be used to design products by consumers through web browsers or customized from online data repositories. Furthermore, rising demand for products with complex designs is bolstering the demand for 3D printing technologies.
The trend of digitization is driven the production of new Internet of Things-enabled devices, along with breakthroughs in artificial intelligence, cloud-based services, and Web 3.0. Companies across the globe are focusing on finding ways to respond to changing data patterns using technologies such as 3D printing. Furthermore, the introduction of Industry 4.0 is also one of the key factors driving the growth of nanoscale 3D printing market.
3D printing technology helps in making manufacturing model to undergo profound changes, and is overcoming challenges of traditional technologies by offering less processing time, material saving, and increased efficiency of industrial production. Activities such as service differentiation and expansion by vendors to have a competitive edge and strengthen their market presence in specific vertical are also rising.
Continuous adoption of advanced solutions and development of new business models due to the advent of industry 4.0, countries in Asia Pacific Excluding Japan and Western Europe, such as India, China, France, and ASEAN, are expected to witness potential growth opportunities.
Also, these regions are witnessing rapid growth in IT infrastructure and production of smart devices such as sensors. Therefore, nanoscale 3D printing solution providers can focus on expanding their operations in countries of these regions to reach new growth avenues.
New product launch and partnerships & collaborations are key strategies followed by top players in the market to increase business revenue, and drive new innovations in products/services, which enable nanoscale 3D printing providers to obtain new growth potential in the market, globally. Some prominent players in the nanoscale 3D printing market are 3D Systems, Inc., ExOne, Spok Inc., Stratasys Ltd., SLM Solutions, voxeljet AG, and Proto Labs.
Over the last few years, increasing adoption of 3D printing technologies and penetration of smart solutions are creating potential growth opportunities for the nanoscale 3D printing market.
Among various regions, North America is the most prominent region and currently, it holds market share of 36%. However, Asia Pacific Excluding Japan is expected to witness high growth and expand at a CAGR of 23.1% during the forecast period.
PMR’s research study on the global nanoscale 3D printing market offers a detailed market segmentation, wherein key segments have been discussed in detail. The report by PMR carefully examines the nanoscale 3d printing market at a global as well as regional level, through market segmentation on the basis of multiple parameters such as component, application, vertical, and prominent regions.
Every segment has been analyzed in detail, and data pertaining to the growth of each segment has been included in the study.