The Business Research Company’s report on the Military 3D Printing Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
#How have key drivers contributed to the rapid growth of the military 3d printing market?
Rising government investment in defense is significantly contributing to the growth of the military 3D printing market going forward. Government investments refer to money used by the public sector for the purchase of products and the delivery of services including defense, social protection, healthcare, and education. Governments are investing in 3D printing technology for the military as it can reduce lead times and reduce costs. For instance, in March 2023, according to the President’s Fiscal Year (FY) 2024 Defense Budget, published by U.S. Department of Defense, a US-based government department, the government proposed $842 billion for the Department of Defense (DoD) for FY 2024, an increase of $26 billion over 2023 levels and $100 billion more than 2022. Therefore, the rising government investments in defense will drive the military 3D printing market.
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How has the military 3d printing market size evolved, and what are the latest forecasts for its expansion?
The military 3D printing market size has grown exponentially in recent years. It will grow from$1.89 billion in 2024 to $2.39 billion in 2025 at a compound annual growth rate (CAGR) of 26.5%. The growth in the historic period can be attributed to cost efficiency, customization and rapid prototyping, supply chain resilience, legacy equipment maintenance, operational flexibility, material innovation
The military 3D printing market size is expected to see exponential growth in the next few years. It will grow to “$5.73 billion in 2029 at a compound annual growth rate (CAGR) of 24.4%. The growth in the forecast period can be attributed to regulatory adaptations and standards development, cybersecurity measures, integration of artificial intelligence (ai), growing demand for on-demand manufacturing, global geopolitical dynamics. Major trends in the forecast period include miniaturization and lightweight solutions, multi-material printing, advancements in bioprinting, hybrid manufacturing, focus on scalability and production speed, enhanced material properties.
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Which major companies dominate the military 3d printing market?
Major companies operating in the military 3D printing market include 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., Prodways Group
What trends will shape the future of the midstream oil & gas equipment market?
Technological advancements are the key trend gaining popularity in the military 3D printing market. Major companies operating in the military 3D printing market are focusing on developing new Defense & Space business units to leverage additive manufacturing for rapid prototyping, lightweight component production, and on-demand part manufacturing. Defense & Space business units are specialized divisions within companies that focus on developing products, technologies, and services for military and aerospace applications. For instance, in August 2024, Supernova, a India-based company, specializes in the manufacturing of LED lighting solutions launched new Defense & Space business unit, these units are dedicated to meeting the unique demands of defense organizations and space agencies, often involving cutting-edge innovations such as 3D printing, robotics, advanced materials, and secure communication systems.
Which region dominates the military 3d printing market, and what factors contribute to its leadership?
North America was the largest region in the military 3D printing market in 2024.Asia-Pacific is expected to be the fastest-growing region in the global military 3D printing market report during the forecast period. The regions covered in the military 3D printing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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How is the military 3d printing market segmented, and which segment holds the largest share?
The military 3D printing market covered in this report is segmented –
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
Subsegments:
1) By Printer: Fused Deposition Modeling (FDM) Printers, Stereolithography (SLA) Printers, Selective Laser Sintering (SLS) Printers, Metal 3D Printers, Resin Printers
2) By Material: Plastics, Metals, Ceramics, Composites, Bio-materials
3) By Software: CAD Software, Slicing Software, Simulation Software, Printing Management Software
4) By Service: 3D Printing Services, Design And Prototyping Services, Maintenance And Support Services, Training And Consulting Services
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How is the military 3d printing market defined?
Military 3D printing refers to the use of 3D printers by the military to print replacement parts and components for their equipment rather than relying on outside vendors. 3D printing refers to a technique for building a three-dimensional object layer by layer from a computer-generated design.
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