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3D Print Market Set For Big Leap – ChannelNews

by • August 13, 2016 • No Comments

The 3D printing market is poised for steep growth in coming years, with new printing capabilities set to emerge, according to IDC.
IDC forecasts global revenues for the market can reach US$35.4 billion in 2020, additional than double the US$15.9 billion forecast for 2016, representing a compound yearly growth rate of 24.1 percent over the forecast period.
It estimates which 3D printing equipment and materials can represent just about half the total of the world revenues throughout the forecast, while software and related services are in addition poised for worthwhile growth.
Revenues for computer-aided create software are forecast to triple over the forecast period, with the market for on-demand parts services just about matching this growth.
This year, use cases generating the biggest 3D printing revenues are car create – rapid prototype printing (additional than US$4 billion), along with aerospace and defence parts printing (just about US$2.4 billion), and IDC noting which dental printing has in addition emerged as a sturdy opportunity. – Channel News

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