New York, United States, Aug. 16, 2022 (GLOBE NEWSWIRE) -- The advancements in this sector are primarily responsible for the advancement of 3D printing technology. The 3D printing software and services industry includes a wide range of participants, including software developers, service providers, manufacturers of materials, and end-users. The most commonly used term to describe 3D printing in industrial settings is "additive manufacturing" (AM). Additive manufacturing creates the final product using computer software and 3-D printing technology by stacking materials on top of one another to produce a three-dimensional object. The last step is implementing this procedure in various business verticals per their specific needs. Prototyping, designing the structure and end products, modeling, and speeding up the time it takes to bring new products to market are all advantages of 3D printing. As a result, production costs have been reduced significantly, allowing manufacturers to offer better products at lower prices.
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Demand from Manufacturing Sectors, Development of Individualized 3D Printing Products, Government Initiatives, and R&D Investments Drives the Global Market
The market for three-dimensional printing-related software and services is expanding due to the growing use of technology across various industries. As a result of the market's evolution in the industry, automation is becoming increasingly common in manufacturing sectors. Manufacturing firms will increase their investment in this area because it lowers costs by reducing the need for labor and because it can produce goods close to home. The ability to create complex designs, quick manufacturing, and shorter development times and costs contribute to the product's current market demand.
3D printing can help manufacture final products in many end-use verticals. Professional environments benefit monetarily and operationally from this technology's improved efficiency and cost-effectiveness. Customers gravitate toward individualized, cost-effective products and solutions, and automation is growing in many business sectors. 3D Printing is widely used in industry to improve product manufacturing and reduce time to market. The industrial sector has shown the most interest in adopting 3D printing technology, resulting in the largest market share for industrial 3D printers over the forecast period. During the forecast period, additive manufacturing will advance.
Growing Easy-to-use Software Create Tremendous Opportunities
Increasing 3D printing in the aerospace industry to produce vehicle bodies, seats, engine parts, and rotor blades drives the aerospace segment of the 3D printing software and services market. 3D design software users can create any size or shape of the product. This software can be used for 3D modeling and visualizing, engineering, drawing, interior design, and other tasks. Print-on-demand services allow users to outsource 3D printing, eliminating the need to buy and install a printer. Manufacturing companies will invest more because it reduces labor costs and can produce goods locally. These possibilities include supply chain reorganization, product design and development, and customization services.
Report Scope
| Report Metric | Details |
| Market Size | USD 82.12 billion by 2030 |
| CAGR | 23.7% (2022-2030) |
| Historical Data | 2019-2020 |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Forecast Units | Value (USD Billion ) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Component, Technology, End-Use and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, LAME and Rest of the World |
| Key Companies Profiled/Vendors | 3D Systems Inc.,Artec 3D,Autodesk Inc.,and Digital Mechanics,AB OC Oerlikon Management AG,Dassault Systèmes,Fathom Digital Manufacturing Corporation,Imaginarium,Materialize NV,Organovo Holdings Inc.,Prodways Technologies,Proto Labs Inc.,PTC Inc.,Sciaky Inc.,Sculpteo,Shapeways Inc.,Stratasys Ltd.,VoxelJet AG,Trimble Inc.,Star Rapid,Siemens Digital Industries Software,Xometry Inc.,Desktop Metal Inc.,Castor Technologies Ltd.,Axial3D,Nano Dimension. |
| Key Market Opportunities | Production of Easy-to-Use Software to Boost Market Opportunities |
| Key Market Drivers | Rising Demand from Different Manufacturing Sectors to Impede the Market Growth Increasing Government Initiatives and Research and Development Investments |
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Regional Analysis
North America is the most dominant in the global 3D printing software and services market during the forecast period. The most significant proportion of the market's total revenue was generated in North America. Because of the widespread adoption of 3D printers in numerous industries for 3D designing, 3D modeling, and 3D manufacturing. Manufacturers in this region are being prompted to pursue technological improvements and adopt new technologies due to government funding and other encouraging initiatives currently being undertaken in this region.
Key Highlights
- The global 3D printing software and services market was valued at USD 14.98 billion in 2021. It is expected to reach USD 101.59 million by 2030, growing at a CAGR of 23.7% during the forecast period (2022–2030).
- It is anticipated that the functional models/functional prototyping/research models segment will constitute the most extensive application during the period, based on application.
- Based on the software, the market for software that allows users to design in 3D is anticipated to represent the largest segment of the software market during the forecast period.
- Based on the services, it is anticipated that the print-on-demand segment will represent the most significant portion of the services segment.
- Based on the end-user industry, the aerospace sector is anticipated to be the end-use industry that will generate the most revenue.
Competitive Analysis
- 3D Systems Inc.
- Artec 3D
- Autodesk Inc.
- and Digital Mechanics
- AB OC Oerlikon Management AG
- Dassault Systèmes
- Fathom Digital Manufacturing Corporation
- Imaginarium
- Materialize NV
- Organovo Holdings Inc.
- Prodways Technologies
- Proto Labs Inc.
- PTC Inc.
- Sciaky Inc.
- Sculpteo
- Shapeways Inc.
- Stratasys Ltd.
- VoxelJet AG
- Trimble Inc.
- Star Rapid
- Siemens Digital Industries Software
- Xometry Inc.
- Desktop Metal Inc.
- Castor Technologies Ltd.
- Axial3D
- Nano Dimension.
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Global 3D Printing Software and Services Market: Segmentation
By Component
- 3D Printers
- 3D Printing Software
- Services
- 3D Printing Services
- Consulting Services
- Support Services
By Technology
- Stereolithography
- Fused Deposition Modelling
- Selective Laser Sintering
- Direct Metal Laser Sintering
- Electron Beam Melting (EBM)
- Digital Light Processing
By Application
- Prototypes
- Tools & Fixtures
- Production Parts
By Industry
- Automotive
- Healthcare & Medical
- Aerospace & Aeronautics
- Consumer Goods
- Industrial
By Region
- North America
- Europe
- Asia-Pacific
- LAMEA
TABLE OF CONTENT
- Introduction
- Market Definition
- Market Scope
- Research Methodology
- Primary Research
- Research Methodology
- Assumptions & Exclusions
- Secondary Data Sources
- Market Overview
- Report Segmentation & Scope
- Value Chain Analysis: 3D Printing Software and Services Market
- Key Market Trends
- Drivers
- Restraints
- Opportunities
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitution
- Threat of New Entrants
- Competitive Rivalry
- Market Share Analysis
- Component Overview
- Introduction
- Market Size & Forecast
- 3D Printers
- Market Size & Forecast
- 3D Printing Software
- Market Size & Forecast
- Introduction
- Technology Overview
- Introduction
- Market Size & Forecast
- Stereolithography
- Market Size & Forecast
- Fused Deposition Modelling
- Market Size & Forecast
- Introduction
- Regional Overview
- Introduction
- Market Size & Forecast
- America
- North America
- U.S.
- By Component
- By Technology
- Canada
- By Component
- By Technology
- Mexico
- By Component
- By Technology
- Latin America
- By Component
- By Technology
- Europe
- Market Size & Forecast
- Germany
- By Component
- By Technology
- France
- By Component
- By Technology
- U.K.
- By Component
- By Technology
- Italy
- By Component
- By Technology
- Spain
- By Component
- By Technology
- Rest of Europe
- By Component
- By Technology
- Asia Pacific
- Market Size & Forecast
- Japan
- By Component
- By Technology
- China
- By Component
- By Technology
- Australia
- By Component
- By Technology
- India
- By Component
- By Technology
- South Korea
- By Component
- By Technology
- Rest of Asia-Pacific
- By Component
- By Technology
- Middle East & Africa
- Market Size & Forecast
- Saudi Arabia
- By Component
- By Technology
- South Africa
- By Component
- By Technology
- Kuwait
- By Component
- By Technology
- Rest of Middle East & Africa
- By Component
- By Technology
- Introduction
- Company Profile
- 3D Systems Inc
- Company Overview
- Financial Performance
- Recent Developments
- Product Portfolio
- Artec 3D
- Company Overview
- Financial Performance
- Recent Developments
- Product Portfolio
- Autodesk Inc
- Company Overview
- Financial Performance
- Recent Developments
- Product Portfolio
- 3D Systems Inc
- Conclusion & Recommendation
- Acronyms & Abbreviations
Table of Content and Figure @ https://straitsresearch.com/report/3d-printing-software-and-services-market/toc
Market News
- April 2022, 3D Systems Revolutionizes Production with the Introduction of the SLA 750 – the Fastest Stereolithography Printer.
- March 2022, 3D Systems & Dussur Created Joint Venture to Expand Additive Manufacturing in Saudi Arabia.
- February 2022, 3D Systems & Saremco Dental AG Entered a Strategic Partnership to Advance Digital Dentistry.
- April 2022, 3D Systems Revolutionizes Production with the Introduction of the SLA 750 – the Fastest Stereolithography Printer.
News Media
3D Printing to Boost Plastic Consumption in Aircraft Manufacturing
3D Printing Medical Devices to Revolutionize the Medical Industry
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