UAE 3D Printing Industry Research Report Covers 3D Systems Corporation Market, Abu Dhabi 3D Printing, Abu Dhabi 3D Printing Companies, Abu Dhabi 3D Printing Industry, Covid-19 Impact UAE 3D Printing Market, Dubai 3D Printing, Dubai 3D Printing Companies, Dubai 3D Printing Manufacturers, Materialise NV Market Share, SLM Solutions Market Share, Stratasys Market Share, Third-Party 3D Printing Services in UAE, UAE 3D Printing Industry, UAE 3D Printing Tooling Market, UAE Direct Metal Laser Melting (DMLM), UAE Electronic Beam Melting 3D Printing Market, UAE Fused Deposition Modeling (FDM) 3D Printing Market, UAE Material Jetting 3D Printing Market, UAE Metals 3D Printing Market, UAE Polymers 3D Printing Market, UAE Prototyping 3D Printing Market, UAE Selective Laser Melting (SLM) 3D Printing Market, UAE Selective Laser Sintering 3D Printing Market.
Gurugram, India, July 20, 2022 (GLOBE NEWSWIRE) --
In UAE, the development of 3D printing is still in an early growth stage, with global companies entering the space and competing with the new regional service-based start-ups.
Globally, ~ 80,316 3D Printing patents were filed during the period 2013-2018, in which USA has been filing the greatest number of patents.
The application of 3D printing is mostly for prototyping and tooling purposes, however with the adoption of technology the application for mass production will derive the future growth.
Economies of scale is yet to be achieved in the 3D Printing Technology and is far in replacing traditional manufacturing process such as injection molding for mass production.
Competition Scenario: The industry is currently highly fragmented with presence of ~250 global players and ~80 regional players operating in the 3D Printing space in UAE. The Global Players like 3D Systems Corporation, Stratasys Ltd, SLM Solutions Group, Materialise NV and others are currently leading the market as these companies have been able to establish themselves in the market due to their capability of introducing technological advancements to the 3D Printing Industry.
Future Market Scenario (Upcoming Technology): The UAE 3D printing Industry is expected to witness positive growth at a double-digit CAGR over the forecast period, 2021P-2026F. Technological Advancement will be seen in the industry such as, new and upcoming technologies like WASP & color jet printers might overpower the existing FDM Technology in the 3D Printing industry.
Over the forecasted period, it is predicted that the application of 3D Printing will shift from prototyping to manufacturing, and there will be a significant change in the type of materials that are used for the 3D Printing Technology.
Partnerships and Collaborations: In the coming future, the 3D printing technology companies will collaborate at an industrial level to create 3D Printing standards with wide and common applicability in the fields of mass manufacturing and prototyping. For Instance, Materialise has partnered with machine manufacturers, universities, software providers, research institutes and 3D printing professionals.
The APAC 3D printing market has increased at a double-digit positive CAGR during the review period 2014 – 2019(P). The market growth was supported by an increase in the usage of 3D printing, especially for prototyping applications. The technology was majorly adopted by various end-user industries such as automobiles, medical devices and healthcare, aerospace, industrial, archeological, consumer products, fashion, and jewelry industry and other industries and others. The market will witness to grow in the coming years with an increasing application for production application and adoption in other industries.
