On the basis of the offerings, the military 3D printing market is subdivided into the printer, software, material, and service. Of all the offerings, the printer segment accounted for the largest share in the market due to the escalating need for 3D printed parts from OEMs. In addition, the service segment is expected to grow at the fastest rate in the market due to its capability to print lightweight components and complex parts.
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On the basis of the platform, the market is subdivided into land, naval and airborne, and space. Escalating usage of 3D printing technology to create lightweight and robust components of aircraft and drones are the major factor growing the demand of airborne segment. Among all platforms, the airborne segment is expected to grow at the fastest rate in the military 3D printing market.
On the basis of technology, the market is subdivided into stereolithography, direct metal laser sintering (DMLS), laser metal deposition, fuse deposition modeling, polyjet printing, electron beam melting, selective laser sintering (SLS), digital light processing, inkjet printing, and laminated object manufacturing.
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The mounting investments by defense bodies in 3D printing assignments, escalating requirement for lightweight parts and components in the defense industry, and reduction in manufacturing cost of parts are the primary growth drivers for military 3D printing market.
Key players in the military 3D printing market are catering to the demand of these devices by investing in technologically advanced products in their product portfolio across the globe. In August 2018, The ExOne Company announced 304L stainless steel a printable material due to high durability, low cost, and corrosion resistance. Stratasys Ltd., 3D Systems Corporation, 3T RPD, The Exone Company, American Elements, Markforged, and Optomec are the key players offering military 3D printing.
Source: VynZ Research
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