The military 3D printing market is projected to grow from USD 799.8 Million in 2018 to USD 4,594.4 Million by 2025, at a CAGR of 28.37% during the forecast period.
The rising demand for lightweight parts and components in the defense industry and increasing investments made by defense entities in 3D printing projects are key factors projected to drive the growth of the military 3D printing market.
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. This growth can be attributed to the requirement for printing small-to-medium sized, and highly-complex functional parts of defense equipment.
Based on application, the military 3D printing market has been segmented into functional part manufacturing, tooling, and prototyping. 3D printing or additive manufacturing helps produce prototypes and models from 3D Computer-aided Design (CAD). OEMs in the defense industry are focused on the adoption of 3D printing technology to develop complex parts with minimum wastage. The need to produce cost-efficient prototypes according to specific customer requirements is one of the most significant factors projected to drive the growth of the prototyping segment.
Based on platform, the military 3D printing market has been segmented into airborne, land, naval, and space. The airborne segment is expected to grow at the highest CAGR during the forecast period. This growth can be attributed to the increasing use of 3D printing technology to develop lightweight and durable components of aircraft and drones.
Based on region, the military 3D printing market has been segmented into North America, Europe, Asia Pacific, the Middle East, and Rest of the World (RoW). The North American region led the military 3D printing in 2017. The increasing applicability of 3D printing technology in various industries, such as aerospace, chemicals, and automotive, in North America is one of the most significant factors expected to fuel the growth of the military 3D printing market in this region.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Growth Opportunities in the Military 3D Printing Market 4.2 Military 3D Printing Market, By Process 4.3 Europe Military 3D Printing Market, By Platform & Country 4.4 US Military 3D Printing Market, By Offering 4.5 Europe Military 3D Printing Market, By Platform 4.6 Military 3D Printing Market, By Country
5 Market Overview 5.1 Introduction 5.1.1 Drivers 188.8.131.52 Increasing Investments By Defense Entities in 3D Printing Projects 184.108.40.206 Reduction in Manufacturing Cost of Parts 220.127.116.11 Demand for Lightweight Parts and Components in the Defense Industry 5.1.2 Restraints 18.104.22.168 Limited Availability of Materials 22.214.171.124 Stringent Military Standards 5.1.3 Opportunities 126.96.36.199 Development of Advanced 3D Printing Technologies 188.8.131.52 3D Printing as A Service 184.108.40.206 Development of Portable Printers 5.1.4 Challenges 220.127.116.11 Not Suitable for High Volume Production 18.104.22.168 Production of Low-Cost 3D Printing Parts 22.214.171.124 Lack of Standard Process Control
6 Industry Trends 6.1 Introduction 6.2 Emerging Trends 6.2.1 Multi-Material 3D Printing in the Defense Industry 6.2.2 3D Printing of Drones & Missiles 6.2.3 3D Printing of Complex Components 6.2.4 3D Printing of Food 6.3 Porter's Five Forces Analysis 6.3.1 Threat From New Entrants 6.3.2 Threat of Substitutes 6.3.3 Bargaining Power of Suppliers 6.3.4 Bargaining Power of Buyers 6.3.5 Intensity of Competitive Rivalry 6.4 Patent Analysis
7 Military 3D Printing Market, By Offering 7.1 Introduction 7.2 Printer 7.2.1 Printer, By Type 126.96.36.199 Industrial Printer 188.8.131.52 Portable Printer 7.3 Material 7.3.1 Material, By Type 184.108.40.206 Plastics 220.127.116.11.1 Plastic, By Type 18.104.22.168.1.1 Thermoplastics 22.214.171.124.1.2 Photopolymers 126.96.36.199.2 Plastic, By Form 188.8.131.52.2.1 Powder 184.108.40.206.2.2 Filament/Wire 220.127.116.11.2.3 Liquid 18.104.22.168 Metal 22.214.171.124.1 Metal, By Type 126.96.36.199.1.1 Steel 188.8.131.52.1.2 Aluminum 184.108.40.206.1.3 Titanium 220.127.116.11.1.4 Silver 18.104.22.168.1.5 Others 22.214.171.124.2 Metal, By Form 126.96.36.199.2.1 Powder 188.8.131.52.2.2 Filament/Wire 184.108.40.206 Ceramics 220.127.116.11.1 Ceramics, By Form 18.104.22.168.1.1 Powder 22.214.171.124.1.2 Filament/Wire 126.96.36.199.1.3 Liquid 188.8.131.52 Others 7.4 Software 7.4.1 Software, By Type 184.108.40.206 Printing 220.127.116.11 Design 18.104.22.168 Inspection 22.214.171.124 Scanning 7.5 Service
9 Military 3D Printing Market, By Application 9.1 Introduction 9.2 Prototyping 9.3 Functional Part Manufacturing 9.4 Tooling
10 Military 3D Printing Market, By Process 10.1 Introduction 10.2 Powder Bed Fusion 10.3 Material Extrusion 10.4 Vat Photopolymerization 10.5 Material Jetting 10.6 Binder Jetting 10.7 Direct Energy Deposition 10.8 Sheet Lamination
11 Military 3D Printing Market, By Technology 11.1 Introduction 11.2 Stereolithography 11.3 Fuse Deposition Modeling 11.4 Selective Laser Sintering (SLS) 11.5 Direct Metal Laser Sintering (DMLS) 11.6 Polyjet Printing 11.7 Inkjet Printing 11.8 Electron Beam Melting 11.9 Laser Metal Deposition 11.10 Digital Light Processing 11.11 Laminated Object Manufacturing