Trends in 3D Printing: Will Increase by Nearly 20% to $12 Billion in 2018

Recently, the International Data Corporation (IDC)'s global semi-annual report 3D printing Spending Guide' Update, Forecast 2018 Global 3D printing technology Expenditure will reach US$12 billion, which represents an increase of 19.9% ​​over 2017. In addition, IDC expects that by 2021, global 3D printing industry expenditure will reach nearly US$20 billion, and the compound annual growth rate (CAGR) will reach 20. 5%.

The IDC international analyst team visited major markets in nine regions including Europe, the Asia Pacific region and the United States. In the three major areas of 3D printing, hardware will reach US$6.9 billion and materials will reach US$6.7 billion. The growth rate of software will be Lower than other markets.

3D printing services, including on-demand parts production services, rank second in terms of cost, with an estimated total value of approximately $5.5 billion by 2021, while sales of 3D printing software are expected to be approximately 18.6% of annual averages. Growth rate growth.

IDC also determines which manufacturing industries spend the most on 3D printing technologies. 3D printing will be dominated by three major industries: Automotive, aerospace and medical spending are the most significant, accounting for more than half of global spending during IDC's forecast period. Industry analysis Discrete manufacturing, such as automotive Different items such as airplanes and toys are expected to appear above expenditures. Secondly, 3D printing is in healthcare, and the total expenditure for 2018 is expected to be nearly $1.3 billion. The healthcare sector will increasingly turn to 3D printing. Manufacturing of surgical guides, orthopedic devices, implants, etc. It is expected that the compound annual growth rate of the healthcare industry during the five-year forecast period will reach 35.4%.

Other well-known 3D printing industries in 2018 included education (estimated to be $9.74 billion) and consumer goods (8.31 billion US dollars). Interestingly, IDC predicts that the professional services and retailing markets will exceed the consumer industry.

Some heavyweight industrial projects may contribute to this trend. In 2017, defense and aerospace manufacturer Lockheed Martin spent US$350 million on a new advanced satellite production center (including industrial growth Wood manufacturing production) In the medical area, the US National Institutes of Health invests 6.25 million U.S. dollars 3D bioprinting The Center for Reproductive Medicine has planned one of the biggest expenses this year.

The healthcare industry is expected to experience the fastest growth, with an estimated CAGR of 35.4%. The 3D printing/bioprinting solution for tissue, organs, and bones is considered the leading cost.

According to IDC forecast, the application displays the most cost according to the application.

On-demand service

Marianne D'Aquila, IDC's customer insight and analysis research manager, commented: '3D printing solutions have gone far beyond the scope of prototyping and are popular within and across multiple industries.'

The 3D printing service provided by professional 3D printing organizations and 3D printer manufacturers is expected to reach 5.5 billion pounds in annual expenditure by 2021. The focus is on on-demand component manufacturing and supply chain system integration.

D'Aquila continues: “With 3D printing becoming more mainstream, new products, aftermarket parts, dental objects and parts for medical support items will continue to maintain significant growth opportunities in the next five years. ' 'By 2021, medical The health care industry is also expected to double because the benefits of cost-effective custom printing will continue to be realized.

Even so, despite this, prototypes are still the main use of 3D printing in many areas. Although the new parts are important after sales parts production, IDC report predicts that these three 3D printing cases will account for global expenses this year in the field of discrete manufacturing. 44% of the .

Custom shoulder replacement 3D printing prototype.

Finally, the IDC report divides expenditure forecasts by region. In 2018, the United States is expected to spend the most (48 billion U.S. dollars), followed by Western Europe, and it is expected to spend 3.5 billion U.S. dollars. China is rapidly becoming an important player in the 3D printing industry. It is estimated that by 2018 It will cost 1.5 billion U.S. dollars. Overall, as of 2021, the compound annual growth rate of 6 of the 9 regions analyzed will exceed 20%.

In the end, 3D printing across the globe seems to be growing in all walks of life and is increasingly being used more and more. 'We believe we are still only seizing the potential of 3D printing to promote digital transformation.'

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