According to the new market research report “Military 3D Printing Market by Offering (Printer, Material, Software, Service), Application (Functional Part Manufacturing, Tooling, Prototyping), Platform (Airborne, Land, Naval, Space), Process, Technology, and Region – Global Forecast to 2025“, published by MarketsandMarkets™, the market is estimated to be USD 799.8 Million in 2018 and is projected to reach USD 4,594.4 Million by 2025, at a CAGR of 28.37% from 2018 to 2025. The increasing use of 3D printing to manufacture lightweight defense-related components is one of the most significant factors projected to drive the growth of the military 3D printing market.
(Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg )
Browse 82 market data Tables and 37 Figures spread through 153 Pages and in-depth TOC on “Military 3D Printing Market – Global Forecast to 2025“
Early buyers will receive 10% customization on this report
The service offering segment is projected to grow at the highest CAGR during the forecast period.
Based on offering, the service segment of the military 3D printing market is projected to grow at the highest CAGR from 2018 to 2025. The increasing demand for 3D printed parts from original equipment manufacturers is expected to fuel the growth of the military 3D printing services market. OEMs are adopting 3D printing technology, owing to its ability to print lightweight components and complex parts.
The direct energy deposition process segment is projected to grow at the highest CAGR during the forecast period.
Based on process, the direct energy deposition segment of the military 3D printing market is projected to witness the highest growth during the forecast period. Direct energy deposition process is used to manufacture on-demand metal parts and components for the defense industry. The growth of the direct energy deposition segment can be attributed to the need for high-volume production of complex parts.
Ask for PDF Brochure : https://www.marketsandmarkets.com/pdfdownload.asp?id=69098303
North America is projected to be the fastest-growing market for military 3D printing during the forecast period.
The military 3D printing market in North America is projected to grow at the highest CAGR during the forecast period. The growth of the military 3D printing market in North America can be attributed to factors, such as increased government investments in 3D printing projects and demand for lightweight and durable parts. In addition, the adoption of 3D printing technology by various OEMs is also expected to drive the growth of the military 3D printing market in North America.
Major players operating in the military 3D printing market include Stratasys (US), 3D Systems (US), ExOne (France), EOS (Germany), Arcam (Sweden), and Norsk Titanium (Germany).
Know more about the Military 3D Printing Market:
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the “Growth Engagement Model – GEM”. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write “Attack, avoid and defend” strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, “Knowledge Store” connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
630 Dundee Road
Northbrook, IL 60062
Visit Our Blog: http://mnmblog.org/market-research/aerospace-defence
Connect with us on LinkedIn: http://www.linkedin.com/company/marketsandmarkets