The global 3D printing market size is estimated to be USD 10 billion and is expected to grow
CAGR exceeding 15% and reach USD 35 billion by 2025.
In India, the market for 3D printers is still at its nascent stage; however offers huge
growth opportunities in the coming years and is expected to grow at a CAGR of 25% Y-O-Y.
In India's 3D printers market, 3D printers have been used primarily in Medical, Automotive,
Tooling, Architecture, Industrial, Aerospace & Defense and other applications, where
Automotive (Prototyping) application accounts for largest of the revenue & volume share.
Over the next few years, Medical, Oil and Gas, Government, Aerospace & Defense applications
are exhibiting promising growth in India's 3D printer market, owing to increase in spending
towards R&D of Aerospace & Defense segment.
3D Printing, also referred as Additive manufacturing, involves a layer-by-layer addition of
material to form an object referring to a three-dimensional file with the help of software
and a 3-dimensional printer.
The most widely used 3D Printing technologies include:
- Fuse Deposition Modeling (FDM),
- Stereo lithography (SLA),
- Selective Laser Sintering (SLS),
- Selective Laser Melting (SLM),
- Direct Metal Laser Sintering (DMLS),
- Digital Light Processing (DLP),
- Digital (Electron) Beam Melting (EBM),
- Laminated Object Manufacturing (LOM),
- Polyjet Printing and
- Laser Metal Deposition.