"Rising usage of 3D printing technology for prototyping
as it reduces the time required in traditional manufacturing, allowing a prototype
to be fabricated in hours at a fraction of the cost in comparison with the
traditional process have driven the APAC 3D Printing Market".
Increasing
Investments in Asia-Pacific is Driving Growth: Government around the world launched several initiatives
around the globe to promote additive manufacturing in order to boost the
productivity and strengthen the manufacturing sector. In APAC, the government
of China, South Korea and Singapore has invested millions of dollars for
developing and commercializing the 3D printing technology. In late 2017,
Japan's New Energy and Industrial Technology Development Organization (NEDO) invested
in a 3D printing technology which can fabricate from pure copper by using a
high-intensity blue laser diode. In 2018, HP announced collaboration with
Singapore's Nanyang Technological University (NTU) and National Research
Foundation (NRF) to launch a digital manufacturing lab with an investment of
USD 84 million.
Partnerships
and Collaborations: 3D printing companies are partnering and
collaborating with different stakeholders in order to increase their presence
and familiarity with the technology. For instance, in 2019, 3D Systems announced collaboration with Antleron in order to provide
bioprinting solutions. Earlier, the company announced partnership with Toyota
Motorsport GmbH. Stratasys collaborated with Team Penske. In March 2018, company
entered in an agreement with Eckhart and earlier in February, company
collaborated with PostNord.
Increasing
Adoption Due to Shorter Lead Time and Product Development Cycle: 3D printing reduces the time-to-market of a new product as it
enables rapid prototyping and ease of functional part production. The design
creation and redesign challenges of a product can be easily overcome in 3D
printing as it is designed on a software program so the file can be updated as
per the requirement. This reduces the trial and error process and costs for
re-tooling, redesign and rework which are present in the traditional
manufacturing process and reduces the time taken for product development cycle.
The report
titled "APAC
3D Printing Market Outlook to 2025- By Region (China, Japan, South Korea,
India, Australia and Rest of the APAC), By Component (Printers, Materials,
Software and Services), By Application (Prototyping, Tooling and
Manufacturing), By End Users (Automobile, Healthcare and Medical Device,
Aerospace, Machinery and OEMs, Consumer Goods and Others), By Technology and By
Material" by Ken Research suggested that the APAC 3D Printing Market has been increasing due to rising
adoption by the end user industries, growth in the government initiatives and
rise in adoption for the production purposes. The APAC 3D printing market is
expected to register a positive CAGR of 16.1% in terms of revenue during the
forecast period 2019P – 2025F.
Key Segments Covered:-
By Region:-
China
Japan
South Korea
India
Australia
Rest of the APAC
By Component:-
3D Printers
Materials
Software
Services
By Application:-
Prototyping
Tooling
Manufacturing
By End User:-
Automotive
Medical Devices and Healthcare
Aerospace
Machinery and OEMs
Consumer Goods
Others
By 3D Printing Technology:-
Fused Deposition Modeling (FDM)
Stereolithography (SLA)/ Direct Laser Printing (DLP)
Polyjet/ Material Jetting
Selective Laser Sintering
Selective Laser Melting/ Direct Metal Laser Melting (SLM/DMLM)
Electronic Beam Melting
Others
By Type of Material:-
Polymers
Metals
Ceramics
Others
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: 2014 –
2019
Forecast Period: 2020F –
2025F
Companies Covered:-
3D Systems Corporation
Stratasys Ltd.
SLM Solutions Group AG
Materialise NV
The Exone Company
Voxeljet AG
EnvisionTec
Arcam AB
HP Inc
Ricoh Company Ltd
For More Information
on the research report, refer to below link:-
Contact
Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
+91-9015378249
