In a recently published report, Global Military 3D Printing Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Military 3D Printing Market products.
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It is also anticipated to grow on account of the growing demand for chemicals from the end users, backed by the increasing consumption of chemicals across different industries and the rising need for advanced chemicals. In India, the production of major chemicals and petrochemicals during the period 2020-2021 was close to 12000 thousand MT. Additionally, between the period 2015-16 and 2019-20, the production of the chemicals and petrochemicals in the nation grew at a CAGR of close to 6%.
Global Military 3D Printing Market is valued approximately USD 1026 Million in 2019 and is anticipated to grow with a healthy growth rate of more than 28.90 % over the forecast period 2020-2027. Military 3D printing, an additive printing technology that enables manufacturers to create artefacts using a variety of printing materials, which has an impact on military logistics by allowing supply personnel to get replacement parts when they are needed. The development of 3D printing technologies, availability of portable 3D printers, increasing investment in defense sector, has led the adoption of Military 3D Printing across the forecast period. For Instance: In 2017Airbus signed a deal with Stratasys Ltd to manufacture 3D printed polymer parts for the A350 XWB aircraft. After 2015, 3D Systems and the Air Force Research Laboratory (AFRL) signed a contract to develop advanced aerospace and defence 3D printing manufacturing capabilities.Also in 2020 US Air Force successfully created a component for the TF33-P103 engine which is a light weighted propulsion engine whichwas created using the 3D printer which aims to build light weight aviation components. Also in 2017, a 3D printed anti-ice gasket was created .By partnership between 76th propulsion Maintainence Group , and Air Force of United States of America However, high manufacturing costs, high maintenance impedes the growth of the market over the forecast period of 2020-2027. Also, with the increasing demand for light-weight materials, demand of 3D printing materials in aviation industry is likely to increase the market growth during the forecast period.
The regional analysis of global Military 3D Printing market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Europe is the leading/significant region across the world in terms of market share owing to the growing population and promptness & affordability of homeland services coupled with the well-established defense infrastructure. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2020-2027. Factors such as rising disposable income, rising incidences of terror activities and improving R&D infrastructure would create lucrative growth prospects for the Military 3D Printing market across Asia-Pacific region.
Major market player included in this report are:
3D Systems Corporation
The Exone Company
Norsk Titanium as
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Direct Energy Deposition
Powder Bed Fusion
Functional Part Manufacturing
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2017, 2018
Base year – 2019
Forecast period – 2020 to 2027
Target Audience of the Global Military 3D Printing Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers
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The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
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