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3D Printing Software and Services Market: Segmented: By Component (Software, Service), By Process (Material Extrusion, Material Jetting, Powder Bed Fusion, Vat Photopolymerization, Binder Jetting, Sheet Lamination, Directed Energy Deposition), By Technology (Stereolithography, Fuse Deposition Modeling, Selective Laser Sintering, Direct Metal Laser Sintering, Polyjet Printing, Inkjet Printing, Electron Beam Melting, Laminated Object Manufacturing, Direct Light Projection, Â Laser Metal Deposition, Others), By Industry Verticals (Engineering, Aerospace and Defense, Healthcare, Consumer Products, Printed Electronics, Architecture and Construction, Food and Culinary, Automotive, Jewelry, Energy, Education, Automotive and Others), By Application (Functional Part Manufacturing, Prototyping, Tooling), Â And Region - Global Analysis Of Market Size, Share & Trends For 2021-2022 And Forecasts To 2031
[ 170 + Pages Research Report ] 3D Printing Software and Services Market to surpass USD 41.8 billion by 2031 from USD 6.9 billion in 2021 at a CAGR of 19.7% in the coming years, i.e., 2021-31.
Three-dimensional things can be produced using the technology known as 3D printing from digital 3D models. Since layers of material are stacked and fused together rather than using a block of material or a mold to create products, it is also known as additive manufacturing. To reproduce a model using 3D printers, 3D printing software requires a 3D model. It is mostly employed in the creation of prototypes and lightweight buildings. It is quicker than conventional methods and can build more intricate structures.
3D Printing Software and Services market is expected to project a notable CAGR of 19.7% in 2031.
The 3D Printing Software and Services Market is being driven by rising demand from a variety of industries, including aerospace and defense, automotive, healthcare, etc., technological advancements, active 3D printing research and development, and government initiatives.
Stereolithography segment to grow with the highest CAGR during 2021-31
Based on technology, 3D Printing Software and Services market is classified into Stereolithography, Fuse Deposition Modeling, Selective Laser Sintering, Direct Metal Laser Sintering, Polyjet Printing, Inkjet Printing, Electron Beam Melting, Laminated Object Manufacturing, Direct Light Projection, Laser Metal Deposition, Others. Stereolithography (SLA) is anticipated to increase at the greatest CAGR during the projection period. As it provides great accuracy and precise features are required in the product parts, SLA is the most sought-after 3D printing method. Stereolithography is ideal for prototyping and project designs since it is incredibly flexible and cost-effective.
Aerospace & Defense segment to grow with the highest CAGR during 2021-31
3D Printing Software and Services market is fragmented on the basis of industry verticals into Engineering, Aerospace and Defense, Healthcare, Consumer Products, Printed Electronics, Architecture and Construction, Food and Culinary, Automotive, Jewelry, Energy, Education, Automotive and Others. The segment for aerospace and defence is anticipated to develop at the greatest CAGR throughout the projection period. Early users of 3D printing in the stages of product development and prototype include the aerospace and defence industries. It allows designers to create intricate structures and allows for the production of lightweight components.
The Rapid adoption of 3D Printing among end users
Manufacturers from a variety of industries are turning to 3D printing to speed up the creation of items. At no extra expense, 3D printing has enabled the development of complicated structures and design freedom. The medical industry, for example, uses 3D printing to develop customized prosthetics, surgical tools, implants, personalized medical equipment, and the automotive industry uses 3D printing to manufacture final components and products. Similarly, 3D printing has widespread application from various industry verticals, driving the market for 3D printing software such as CAD and services such as Printing-on-demand services.
Advancement in technology and rising investments
The market for 3Dprinting software and services has been transformed by the digital era and fast automation. The 3D Printing Software and Services Market is being driven by advancements in 3D printing technology and the appearance of several new software for designing, simulation, and other purposes, as well as the integration of Artificial Intelligence and Machine Learning. In addition, manufacturers' continued investment in research and development is propelling the 3D Printing Software and Services market forward.
High cost of deployment and lack of technical knowledge
The cost of raw materials and the deployment of 3D printing technology for large-scale application are prohibitively expensive, discouraging many manufacturers from investing in it. In addition, a lack of adequate technical skills has hampered industry expansion. Finally, intellectual property issues are hampering the growth of the 3D Printing Software and Services market.
3D Printing Software and Services market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. During the forecast period, North America is projected to dominate the market among other regions. The early adoption of modern technology, the large presence of significant players in the 3D Printing Software and services industry, and the region's high disposable income are all factors contributing to the region's growth.
The deployment of stringent lockdowns in response to the Covid-19 outbreak has had a negative impact on the world economy. Globally, there was a significant disruption in the production and consumption of products and services. Covid-19 has also impacted global supply chains and raw material procurement. The low demand for goods from consumers, combined with a labor scarcity, has had a severe influence on 3D printing manufacturers' production. However, with the resurrection of demand and substantial investments in the market, the business is predicted to increase tremendously in the post-pandemic era.
3D Printing Software and Services is further segmented by region into:
3D Printing Software and Services Segments:
| Report Attribute | Details |
| Market size value in 2021 | USD 6.9 billion |
| Revenue forecast in 2031 | USD 41.8 billion |
| Growth Rate | CAGR of 19.7% from 2021 to 2031 |
| Base year for estimation | 2021 |
| Quantitative units | Revenue in USD million and CAGR from 2021 to 2030 |
| Report coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
| Segments covered | Component, Process, Technology, Industry Vertical, Application, and Region |
| Regional scope | North America, Europe, Asia Pacific, Latin America, Middle East & Africa (MEA) |
| Key companies profiled | 3D SYSTEMS CORPORATION, citim GmbH, AUTODESK INC., Artec 3D, Dassault Systèmes, Digital Mechanics AB, Doob Group AG, GPI Prototype & Manufacturing Services INC., Made In Space, Materialise NV, Organovo Holdings, INC., Pixologic Inc., Prodways, Proto Labs Inc., PTC Inc, and Other Prominent Players. |
3D Printing Software and Services market size was estimated at USD 6.9 billion in 2021 and is expected to reach USD 41.8 billion in 2031.
3 dimensional things can be produced using the technology known as 3D printing from digital 3D models. Since layers of material are stacked and fused together rather than using a block of material or a mould to create products, it is also known as additive manufacturing. To reproduce a model using 3D printers, 3D printing software requires a 3D model.
Stereolithography segment accounted for the largest 3D Printing Software and Services market share.
Key players in the 3D Printing Software and Services market include 3D SYSTEMS CORPORATION, citim GmbH, AUTODESK INC., Artec 3D, Dassault Systèmes, Digital Mechanics AB, Doob Group AG, GPI Prototype & Manufacturing Services INC., Made In Space, Materialise NV, Organovo Holdings, INC., Pixologic Inc., Prodways, Proto Labs Inc., PTC Inc., Sciaky Inc., Sculpteo, Shapeways, Siemens PLM Software Inc., Star Rapid, STRATASYS LTD., The ExOne Company, Trimble Inc., VoxelJet AG, and Other Prominent Player
The 3D Printing Software and Services market is being driven by the rapid adoption of 3D Printing among end users, technological advancements, and increased investments.
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