LONDON, April 15, 2019 /PRNewswire/ -- Global Military 3D Printing Market by Component (Printer, Material, Software, Services), by Platform (Airborne, Land, Naval And Space), by Application (Prototyping, Functional Part Manufacturing, Tooling), by Process (Powder Bed Fusion, Material Extrusion, Vat Photopolymerization, Material Jetting, Binder Jetting, Direct Energy Deposition, Sheet Lamination), by Technology (Stereolithography, Fuse Deposition Modeling, Selective Laser Sintering, Direct Metal Laser Sintering, Polyjet Printing, Inkjet Printing, Electron Beam Melting, Laser Metal Deposition, Digital Light Processing, Laminated Object Manufacturing), Global Opportunity Analysis and Industry Forecast
Market Definition: • 3D printing or additive manufacturing is a computer based technology used to create a three-dimensional objects from a digital file, with material being added together, usually layer by layer. • The military sector has revealed its use of 3D printing to create crucial stronger or lighter components, such as aircraft wings or armors, fabricating parts for fighter jets and other aircraft components.
Market Overview and Trends • 3D printing has merged with the traditional manufacturing methods as a preferred technique for producing military components. • This emerging technology is relatively portable and cost-effective, and is expected to potentially save lives by producing and providing safe barracks in a shorter time. • Governments across the globe are making significant investments in development of advanced 3D printers that can help them speed up the supply chain, reduce costs, and help make more productive and battle-ready. • US Marine Corps Systems Command (MCSC) recently created a prototype concrete barracks in less than two days with one of the advanced portable 3D printer. • Also, recently US Navy collaborated with ORNL to develop the first 3D printed submarine hull, the Israeli military printed drones for its operations. • Since some military supplies need to be invented in the field, it may also make the armed forces more innovative. • Thus, increasing need for advanced 3D printing technologies and development of portable printers is expected to offer new growth opportunities to the market players.
Factors Influencing the Market Growth: • Growing usage of 3D printing technology in the military sector • Reduction in manufacturing cost of parts • Increasing investments by defense entities in 3D printing projects • Increasing demand for lightweight parts and components in the defense industry
Factors Restraining the Market Growth: • Limited availability of materials, • Lack of high volume production capacity and stringent military standards for manufacturing of products
Geographic breakdown Focused regional forecasts and analysis explore the future opportunities: • North America Market, 2019-2029 • Europe Market, 2019-2029 • Asia-Pacific Market, 2019-2029 • LAMEA Market, 2019-2029
Competitive Analysis: • Companies operating in 3D printing market focus on collaborating with government agencies to provide unique and innovative products and services at reasonable time and cost. • These alliances help companies to achieve contracts grow with time and maintain their market position in the competitive market. Major Market Players: Stratasys, 3D Systems, ExOne, EOS, Arcam, Airware, DroneDeploy, Delta Drone, PrecisionHawk, and Norsk Titanium.
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Companies covered in the report include:
3D Systems 3T RPD AeroVironment Airware American Elements Arcam Artec Cimetrix Solutions Delta Drone DroneDeploy Engineering & Manufacturing Services EOS ExOne Fonon Technologies Initial Markforged MOOG INC. Norsk Titanium Optomec Pix4D PrecisionHawk Smg3D Stratasys Titomic limited Zenith Tecnica