Global Market Research Reports : Ken Research: UAE 3D Printing Market Research Report

Showing posts with label UAE 3D Printing Market Research Report. Show all posts

Saturday, June 18, 2022

The Growth in the UAE 3D Printing Market is fueled by increasing demand from End User Sectors Coupled with Rising Support from Government Initiatives: Ken Research

June 2022|UAE News

3D Printing Technology Extensively used for functional and rapid prototyping purposes as it provides realistic product, better designs, enhanced aesthetics and less material wastage.
Growth in domestic manufacturers of 3D printers will present low-cost systems that will drive the market in coming years.
The manufacturing Industry will move from mass production to mass customization backed by 3D printing in the coming years.

Polymer Material Most widely used for 3D Printing: Due to its versatile properties and wide applications, polymer is the most widely used material in today’s 3D Printing technology. The purpose of 3D Printing decides the type of material to be used in the process. However, over time as 3D Printing technology becomes mainstream in the manufacturing process, it is anticipated that the trend is going to shift towards materials like metals.

UAE 3D Printing Software Market

Application of 3D Printing in Healthcare: Currently, Prototyping is the most widely use case of the 3D Printing technology, followed by Manufacturing and Tooling. This technology can very much come in handy in the medical devices and healthcare industry as 3D printing can be used for prototyping and manufacturing complex healthcare medical devices with utmost precision. Medical devices like syringes, face shield, stent and other surgical equipment are made using 3D Printing Technology. With Advancements in Technology in the coming years, complex human body organs such as Heart, Bladder, and Kidney are also expected to be 3D Printed.

Rising Government Support: In the current decade, the UAE government has a major focus to develop Abu Dhabi backed by the advancement in technology. This will ensure growth of 3D printing in the emirate as well. Since 3D printed houses lack the element of luxury, and will primarily cater to 2 categories – affordable living, and technology enthusiasts, so the 3D printing construction activities would majorly be focused in the 5 less luxurious emirates other than Dubai, and Abu Dhabi.

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

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By Material
Polymer
Metal
Ceramic
Others

By Region
Dubai
Abu Dhabi
Sharjah
Others

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
3D Printing Service Provider in UAE
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

Global 3D Printing Metal Market Research Report with Opportunities and Strategies to Boost Growth- COVID-19 Impact and Recovery

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Thursday, June 9, 2022

UAE 3D Printing Market Size, Share 2022: Research by Business Analysis, Growing CAGR of XX% Growth Strategy, Industry Trends, Key Manufacturers and Forecast to 2026: Ken Research

The report titled “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” provides a comprehensive analysis on the status of the 3D Printing Market in UAE. The report includes various aspects of the market including, overview and genesis of the industry, overall market size in terms of revenue and segmentation on the basis of components, application, end-user, technology, material and region.

It includes detailed explanation of the value chain model which is being followed by the major 3D printing players in UAE - both global and regional, developments, challenges & in the industry. It gives detailed explanation of the competitive landscape including cross comparison between major players, SWOT Analysis, and detailed company profiles of major players including their strength and weaknesses and concluding with analyst recommendations.

Market Overview

The APAC 3D printing market has increased at a double-digit positive CAGR during the period 2016– 2021P. The growth is attributed to various policies suggested by the government since 2016 to support the growth of the 3D printing industry. Restrictions on free trade and imports in UAE due to Covid-19 contributed to the initiation of local manufacturing of the products using 3D printing technology. The intensification in the global research and development in 3D printing has led the technology to achieve new innovations, making it easier for use by a layman.

Market Segmentation

By Component (3D Printing Services, 3D Printers, Materials, Software):

The current trend in the industry is towards the 3D Printing service providers, followed by the ownership of printers.

Technology advancement in the future is inevitable, and with further advancement, the technology will become more efficient and widely used. This will lead to an increased ownership of 3D printers in the future, and hence reduce the reliability of individuals on 3D printing service provider in UAE.

By Application (Prototyping, Manufacturing and Tooling):

Prototyping is currently the most widely used application of 3D printing in UAE as majority of the products being created are still in the modelling phase. For example, 3D printing for construction purpose is still being tested majorly for research purposes at the moment, and have not been commercially been rolled out by companies.
However, in the coming years, it is anticipated that these prototypes may even shift to the manufacturing or the tooling processes.

By End User (Medical Devices & Healthcare, Machinery and OEMs, Consumer Goods, Aerospace, Automotive and others):

The Covid-19 pandemic came in as a game-changer for UAE. From being largely reliant on imports for most of the products, they were left with no option but to manufacture amidst the international trade bans, and travel restrictions.

UAE 3D printing companies started to produce masks, face shields, and more healthcare related equipment to support the increasing demands of such products during the pandemic, leading to healthcare segment utilizing 3D Printing technology the most, followed by Machinery, Consumer goods and aerospace industry.

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):

FDM Technology is the most widely used technology in the 3D Printing space at the moment, in terms of volume. However, when it comes to revenue generated, there is no clear winner. New and upcoming technologies like WASP, Color jet printers might overpower the existing FDM Technology.

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By Material (Polymer, Metals, Ceramics, others):

Currently, Polymers is the material that is primarily used for prototyping, hence, is the most common material being used for 3D Printing in UAE. Over the period of years, as the primary use of 3D Printing shifts from prototyping to manufacturing, materials like metals would become more prevalent for the 3D Printing technology.

By Region (Dubai, Abu Dhabi, Sharjah, others):

Over the period of years, Dubai has become the technological hub in UAE. Dubai has been the clear leader among the other Emirates, when it comes to 3D printing. Most of the regional companies are based out of Dubai, providing easy access to the local population to such technologies.

Competitive Landscape

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.

UAE 3D Printing Market Future Outlook

The UAE 3D printing market 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.