How is the 3D Printing Market positioned in UAE?
UAE
3D Printing Market Overview:
3D printing as a technology
has its roots dating back to 1981 however in UAE the market quickly picked up
pace because of progressive policies by the UAE government. 3D printing has
been majorly dominated by the rapid and functional prototyping and due to which,
in near future it is anticipated that industries such as Automobile,
Healthcare, Aerospace and others will be leading the development of the 3D
printing industry.
The UAE 3D printing market
has increased at a double-digit 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.
UAE
3D Printing Market Future Outlook:
By
Component:
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
providers.
By
Application:
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:
The Covid-19 pandemic came
in as a game-changer for UAE. From being totally 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:
FDM Technology is the most
widely used technology in the 3D Printing space at the moment, in volume.
However, when it comes to value, there is no clear winner. New and upcoming
technologies like WASP, Color jet printers might overpower the existing FDM
Technology.
By
Material:
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:
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 in Dubai, providing easy access to the local
population to such technologies.
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UAE
3D Printing Market 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.
What
is the future of UAE 3D Printing Market?
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.
Key
Factors Considered in the Report
·
Executive Summary
·
Jumbo
3D Printing Manufacturing company 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
Related Reports
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