Delaware, Oct. 27, 2016 (GLOBE NEWSWIRE) -- According to the new report, "Worldwide 3D Printing Market in Aerospace and Consumer Electronics - Technologies (FDM, SLS, SLA, Others), Materials (Plastic, Ceramics, Rubber, Metal, Wax, Others), Regions - Drivers, Opportunities, Trends, and Forecasts, 2016-2022", set to cross $11,140 million by 2022 at a high CAGR.
The 3D printing technology and the equipment and materials required for the printing process are witnessing high demand in various end user applications such as manufacturing, medical, industrial and others. Aerospace and consumer electronics are the two major industry verticals that are anticipated to witness higher growth. There is high scope for the 3D Printing Market in Aerospace and Consumer Electronics in various regions across the globe during 2016-2022.
Browse 53 Market Tables, 81 Figures spread through 118 Pages and an in-depth TOC on “Worldwide 3D Printing Market in Aerospace and Consumer Electronics”
Scope and Regional Forecast of the 3D Printing Market in Aerospace and Consumer Electronics:
North America and Europe are the mature markets for the 3D Printing Market in Aerospace and Consumer Electronics. Many companies in the 3D printing manufacturing industry for developing printers and special materials are in these regions.
Asia Pacific is expected to have high growth and expansion scope in the 3D Printing Market in Aerospace and Consumer Electronics. China, Japan, South Korea and India are the major market regions for this market during 2016-2022.
The 3D Printing Market in Aerospace and Consumer Electronics is expected to grow at a CAGR of 28.2% globally with growing applications and investments during 2016-2022.
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The 3D Printing Market in Aerospace and Consumer Electronics is a potential market with increasing demand for additive manufacturing for rapid prototyping the products and designing for niche applications of aerospace and consumer electronics industry in various regions across the globe. this market is expected to witness high growth due to the increasing production of additive manufacturing metal and other types of additive layer manufacturing materials to print 3D models, growing demand for metal additive manufacturing products in industries and rise in R&D investment for 3D printer technology by 3D printer companies for aerospace and electronics use across the globe during 2016-2022.
Segmentation and Key Players of the 3D Printing Market in Aerospace and Consumer Electronics:
The 3D Printing Market in Aerospace and Consumer Electronics is segmented into various categories by technology, by material, by industry vertical and by geography as follows:
By technology: Fused Deposition Modeling (FDM), Selective Laser Sintering (SLS), Stereolithography (SLA) and others
By material: Plastic, Ceramics, Rubber, Metal, Wax and others
By industry vertical: Aerospace, Consumer Electronics
By geography: North America, Europe, Asia Pacific and LAAM (Latin America, Africa and Middle East)
The key players in the 3D Printing Market in Aerospace and Consumer Electronics are as follows:
- Stratasys Ltd.
- Airbus Group SE
- 3D Systems Corporation
- Boeing Co.
The printer manufacturers are investing high capital for 3D manufacturing in aerospace and consumer electronics, which are the fast growing industry verticals in this market among others.
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Source:Market Intel Reports LLP