Military 3d printing market forecast, military 3d printing market share, global military 3d printing market, military 3d printing market trends, military 3d printing market growth, military 3d printing market size
How Has The Military 3D Printing Market Evolved And What Is Its Future Growth Prospects?
The military 3D printing market size has experienced a surge in recent years, growing from $1.89 billion in 2024 to a projected $2.39 billion in 2025 at a compound annual growth rate (CAGR) of 26.5%. Factors fueling this growth include cost efficiency, customized and swift prototyping, enhanced supply chain resilience, and improved equipment maintenance. The market size is set for exponential growth and is forecasted to reach $5.73 billion in 2029 at a CAGR of 24.4%. The drivers behind this forecasted growth include regulatory adaptations, standards development, cybersecurity measures, and the integration of artificial intelligence, among others.
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What Factors Are Propelling The Military 3D Printing Market Forward?
The military 3D printing market is finding impetus in the rising government investment in defense. In March 2023, according to the President’s Fiscal Year (FY) 2024 Defense Budget, published by the U.S. Department of Defense, the government proposed a budget of $842 billion for the Department of Defense (DoD) for FY 2024. This represents an increase of $26 billion over 2023 levels and $100 billion more than 2022. Thus, the surge in government spending on defense will significantly contribute to the upward trajectory of the military 3D printing market.
What Are the Major Segments Within the Global Military 3D Printing Market?
1) By Type: Printer, Material, Software, Service
2) By Process: Binder Jetting, Direct Energy Deposition, Material Extrusion, Material Jetting, Powder Bed Fusion, Vat Photopolymerization, Sheet Lamination
3) By Application: Functional Part Manufacturing, Tooling, Prototyping
4) By End-Use: Army, Navy, Airforce
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Who Are The Major Players In The Military 3D Printing Market?
Stratasys Ltd., 3D Systems Corporation, EOS GmbH Electro Optical Systems, Arcam AB, Norsk Titanium AS, American Elements Corporation, Cimetrix Solutions Inc., Artec 3D, Additive Manufacturing Ltd., Optomec Inc., Markforged Inc., Stanford Marsh Group, Autodesk Inc., General Electric Company, Proto Labs Inc., Ultimaker BV, Renishaw Plc, Fracktal Works Private Limited, Materialise NV, Engineering & Manufacturing Services Inc., 3T Additive Manufacturing Ltd., The ExOne Company, Dassault Systèmes, Concept Laser GmbH, Sisma S.p.A., SLM Solutions Group AG, HP Inc., and Prodways Group, are among the major companies operating in the military 3D printing market.
What Are the Emerging Trends in The Military 3D Printing Market?
Military 3D printing marked by technological advancements like the launch of specialized Defense & Space business units focusing on leveraging additive manufacturing for rapid prototyping, lightweight component production, and on-demand part manufacturing. For example, in August 2024, India-based Supernova, which specializes in the manufacturing of LED lighting solutions, launched their new Defense & Space business unit to meet unique demands of defense organizations and space agencies.
Which Region Holds The Lion’s Share In The Military 3D Printing Market?
North America held the largest market share in the military 3D printing market in 2024, while the Asia-Pacific region is poised to be the fastest-growing region in the prospective period.
What Is The Definition Of The Military 3D Printing Market?
Military 3D printing refers to the use of additive technologies by the military to print replacement parts and components for their equipment rather than relying on external vendors. The Military 3D Printing Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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