June 2022|UAE News
Key Findings
- In UAE, the development of 3D printing is
still in an early growth stage, with global companies entering the space
and competing with the new regional service-based start-ups.
- Globally, ~ 80,316 3D Printing patents were filed
during the period 2013-2018, in which USA has been filing the greatest
number of patents.
- The application of 3D printing is mostly for
prototyping and tooling purposes, however with the adoption of technology
the application for mass production will derive the future growth.
- Economies of scale is yet to be achieved in
the 3D Printing Technology and is far in replacing traditional
manufacturing process such as injection molding for mass production.
Competition
Scenario: The industry
is currently highly fragmented with presence of ~250 global players and ~80
regional players operating in the 3D Printing space in UAE. The Global Players
like 3D Systems Corporation, Stratasys Ltd, SLM Solutions Group, Materialise NV
and others are currently leading the market as these companies have been able
to establish themselves in the market due to their capability of introducing
technological advancements to the 3D Printing Industry.
Future
Market Scenario (Upcoming Technology): The UAE
3D printing Industry is expected to witness positive growth at a
double-digit CAGR over the forecast period, 2021P-2026F. Technological
Advancement will be seen in the industry such as, new and upcoming technologies
like WASP & color jet printers might overpower the existing FDM Technology
in the 3D Printing industry.
Over the forecasted period, it is
predicted that the application of 3D Printing will shift from prototyping to
manufacturing, and there will be a significant change in the type of materials
that are used for the 3D Printing Technology.
Partnerships
and Collaborations: In the
coming future, the 3D printing technology companies will collaborate at an
industrial level to create 3D Printing standards with wide and common
applicability in the fields of mass manufacturing and prototyping.
For Instance, Materialise has
partnered with machine manufacturers, universities, software providers,
research institutes and 3D printing professionals.
Analysts at Ken Research in their
latest publication “UAE
3D Printing Market Outlook to 2026F - Driven by the Government initiative to
adopt the technology and a shift in demand from mass production to mass
customization” believe that the 3D Printing Market in UAE is expected
to demonstrate strong growth owing to the progressive policies by the government
and the Increasing Awareness of 3D Printing technology in new industries. The
market is expected to register a positive CAGR of 28.3% in terms of revenue
during the period 2021P – 2026F.
Key Segments
Covered
- By Component
- Services
- 3D Printers
- Materials
- Software
- By Application
- Prototyping
- Manufacturing
- Tooling
- By End User
- Medical Device & Healthcare
- Machinery & OEMs
- Consumer Goods
- Aerospace
- Automotive
- Others
- By 3D Printing Technology
- Fused Deposition Modeling {FDM}
- Stereolithography
- Selective Laser Sintering {SLS}
- Selective laser melting/ Direct metal laser
melting {SLM/DMLM}
- Polyjet
- Electron beam melting
- By Material
- Polymer
- Metal
- Ceramic
- Others
- By Region
- Dubai
- Abu Dhabi
- Sharjah
- Others
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Companies
Covered:
Global
Players:
- 3D Systems Corporation
- SLM Solutions
- Stratasys Ltd.
- Materialise NV
- EOS GmbH
Regional
Players:
- Generation 3D
- Proto21
- 3D Vinci Creations
- Jumbo 3D Manufacturing
- Xplorer 3D
Key Target
Audience
- 3D Printer Manufacturers
- 3D Printing Material Provider
- 3D Printing Software Provider
- 3D Printing Service Provider
- Third-Party 3D Printing Services
- Industry Associations
- Government Associations
- Government Agencies
- Private Equity and Venture Capitalist Firms
Time Period
Captured in the Report: -
- Historical Period: 2016-2021P
- Forecast Period: 2021P-2026F
Key Topics
Covered in the Report
- Executive Summary
- UAE
Electronic Beam Melting 3D Printing Market
- UAE 3D Printing Market Flowchart
- Difference between Traditional Manufacturing
and Additive Manufacturing
- Value Chain Analysis
- Ecosystem for the 3D Printing Market
- Business Cycle for the 3D Printing Market
- Global Patent Analysis
- 3D printing Market Size, 2016 - 2021P
- 3D printing Market Size, 2021P- 2026F
- UAE 3D Printing Market Segmentation, 2021
& 2026
- Growth Drivers, Trends and Developments
- SWOT Analysis
- Government Regulations for the 3D Printing
Market
- Competitive Landscape – Cross Comparison of
Major Players
- Company Profiles
- Analyst Recommendations
- Research Methodology
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Ankur
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