Selective Laser Sintering Equipment Market Major Players and Forecast 2023


The Selective Laser Sintering Equipment Market is expected to grow at a CAGR of 22.8% from 2018 to 2023, while the market for equipment, including SLS and DMLS, is anticipated to grow at a CAGR of 27.5% over the same period. The market is expected to reach USD 339.5 million in 2018 and USD 947.4 million by 2023. In end-user industries such consumer goods, automotive, aerospace & aeronautics, machinery & equipment, healthcare & medical devices, and art & fashion, where SLS equipment is used to create prototypes, there is a growing demand for SLSL equipment, which is driving the market growth. 

In 2017, nylon-based SLS equipment dominated the market for SLS equipment as a whole.

Nylon accounted for the biggest market share of all material-based SLS equipment in 2017, but metal-based SLS equipment is predicted to increase at the quickest rate over the next years. The consumer products and automotive industries make substantial use of nylon-based SLS equipment, which is the cause of its highest market size in 2017. The use of SLS equipment is widespread in the prototyping and functional prototyping of consumer electronic devices, including the creation of prototypes for GPS products, the design of perfume bottles, and the creation of exterior bodies for washing machines and dishwashers, among many other applications.

Ask for PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=27853684

The SLS equipment market will have the highest CAGR for robotics applications during the projected period.

Robotics manufacturers were formerly limited to using commercially available parts. They may now design and print their own parts utilising economical and free designing tools and cost-effective SLS 3D equipment thanks to the invention of SLS printing. Since SLS 3D equipment lowers the cost of prototypes and, in many cases, final parts, the adoption of SLS equipment will continue to increase. As a result, an acceleration in the development of robots is anticipated. For the most part, the robotics application uses metal-based SLS machinery to produce detailed prototypes or final goods.

APAC would experience the largest CAGR growth for SLS equipment during the anticipated period.

Due to the rising usage of SLS equipment across a number of industries, including consumer goods, aerospace, automotive, healthcare, and jewellery, the SLS equipment market in APAC is anticipated to expand at the highest CAGR during the projected period. The penetration of SLS equipment across APAC would be further boosted by the growing use of SLS materials and equipment. Japan and China are the two biggest market contributors in APAC. China is the fastest-growing market in APAC and has enormous potential for SLS 3D printing applications. However, North America commanded the greatest share of the SLS equipment market in 2017 as a result of the region's rapid technological development and expanding acceptance of technology across a wide range of sectors.

Some of the major companies in the SLS equipment market are Ricoh Company, Ltd. (Tokyo), Z Rapid Tech (China), Concept Laser GmbH (Germany), Aerosint (Belgium), XYZ Printing, Inc. (Taiwan), Dynamic Tools (Spain), Aspect Inc (Japan), and 3D Systems Corporation (US), EOS GmbH (Germany), Farsoon Technologies (China), Prodways Group (France), Renishaw Plc (Russia).

Know more about Selective Laser Sintering Equipment Market: https://www.marketsandmarkets.com/Market-Reports/selective-laser-sintering-equipment-market-27853684.html

Comments

Post a Comment

Popular posts from this blog

Trends Shaping the Environmental Test Chambers Market

The   Environmental Test Chambers Market Size  is expected to rise steadily; estimates show that it will reach USD 938 million by 2024 from USD 842 million in 2019, a compound annual growth rate (CAGR) of 2.18%. The most recent market research report outlines this growth trajectory and highlights the several variables that are driving this expansion. A variety of industrial verticals, including aerospace and defence, automotive, telecommunications, and electronics, are served by the market's segmentation based on type, which includes temperature and humidity chambers, customised chambers, and thermal shock chambers. Over the course of the forecast period, factors like strict regulatory requirements, rising need for dependable testing solutions, and technical developments in environmental testing equipment are anticipated to drive market expansion. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=107895228 The environmental test chambers market is pro
Read more

Microwave Revolution: Unraveling the Monolithic Microwave IC Market

Image
The   Monolithic Microwave IC Market  showed strong growth, reaching a worth of USD 9.7 billion in 2022 and expected to reach USD 17.0 billion by 2027. It is anticipated that the market would expand at a notable compound annual growth rate (CAGR) of 11.9% from 2022 to 2027. This growth trend shows how Monolithic Microwave Integrated Circuits (MMICs) are becoming more and more popular in a variety of industries. MMICs are essential parts of applications like consumer electronics, aircraft, defence, and telecommunications because of their small size and excellent performance at microwave frequencies. Technological developments, the growing need for high-frequency communication systems, and the extensive use of MMICs in developing technologies are the main factors propelling the market's growth. The MMIC market is expanding significantly due to a number of important factors. The smartphone industry is a major trigger for the spike in demand for Monolithic Microwave Integrated Circuits
Read more

Innovation Unleashed: RF Gallium Nitride Market Role in Emerging Technologies

Image
With a projected value of USD 2.8 billion by 2028, the global   RF Gallium Nitride (GaN) Market   is expected to experience substantial expansion from its estimated USD 1.3 billion in 2022. Over the course of the projected period, this forecast indicates a strong Compound Annual Growth Rate (CAGR) of 12.9%. The growing use of RF GaN devices in aerospace, defence, and military applications is driving up demand for them. GaN's commercial appeal is further enhanced by its appropriateness for Radio Frequency (RF) applications, which propels its wider adoption. With the growing need for sophisticated and high-performing RF semiconductor devices, the RF GaN Market is leading the way and is expected to grow significantly in the upcoming years.  Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=183000597   Sumitomo Electric Device Innovations, Inc. (Japan), Qorvo, Inc. (US), WOLFSPEED, INC. (US), NXP Semiconductors (Netherlands), MACOM (US), Infineon Technolo
Read more