USD 1.09 billion
Military 3D Printing Market Size, Share, Growth Analysis, By Component(Technology, material, and services), By End user(Army, navy, and airforce), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20A2254 |
Region:
Global |
Published Date: March, 2024
Pages:
191
|Tables:
63
|Figures:
69
Military 3D Printing Market Insights
Global Military 3D Printing Market size was valued at USD 1.09 billion in 2022 and is poised to grow from USD 1.37 billion in 2023 to USD 8.06 billion by 2031, growing at a CAGR of 24.8% during the forecast period (2024-2031).
3D printing, also referred as the additive manufacturing, allows the printing of a part layer by layer from a 3D CAD model. It is possible to shorten the lead time and decrease the cost of producing prototypes and complex parts by 3D printing. No specialized tools like cutting tools and molds are required for the printing. The materials that make up 3D printing are composed of plastics, metals, ceramics, and many more. The type of a printing material is determined by the qualities you want the printed object to possess. In certain 3D printers, the printing process can use a combination of materials according to requirements, thereby simplifying the production process. Nowadays, the defense industry has been using the 3D printing technology for creating simple components and parts as well as weapons and equipment while effectively reducing manufacturing time.
3D printing includes an extensive array of materials to create a three-dimensional object or a part. These materials are different and own special characteristics, advantages and disadvantages. Furthermore, considerations related to the type of material, texture, cost, and others are necessary to prevent any mistake in 3D printing. Both titanium, aluminum and steel are utilized as raw materials in 3D printing operations. These materials come in granules and are used in aviation, defense, and other similar fields.
Global military 3D printing market is fast growing with the help surge in military applications, increase in investments of armed forces in technology, and rise in adoption of lightweight components. On the other hand, complex hardware & software development as well as lack of process standardization may be the causes of decline of the market. Moreover, technological advancements are what is projected to be the catalyst of the growth during the forecast period.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Technology
Fastest Growth
Technology
Growth Rate
24.8% CAGR
Global Military 3D Printing Market ($ Bn)
Country Share for North America Region (%)
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Military 3D Printing Market Segmental Analysis
Global Military 3D Printing Market is segmented by component, end user, and region. Based on component, the market can be segmented into technology, material, and services. Based on end user, the market is segmented into army, navy, and airforce. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis by Component
Technology components hold the largest shares of this segment. This segment includes the hardware and software solutions that are used for additive manufacturing processes in military applications. Technologies used in military 3D printing are printers, scanners, software for design and simulation, in addition to post-processing equipment. As a result of 3D printing technology advancement like selective laser sintering (SLS), fused deposition modeling (FDM), and stereolithography (SLA), the growth of this segment is being driven. These technologies allow for exactness, quickness, and the ability to create a wide variety of parts and components for military equipment such as aircrafts, vehicles, and weaponry as well as protective gear. In addition, also continuing innovations in 3D printing technology such as multi-material printing, high-speed printing, and larger build volumes, are improving the ability and efficiency of military additive manufacturing processes, thereby supporting the dominance of the technology sector in the market.
However, the fastest growing area in the global military 3D printing industry is typically the material segment. This section encompasses the raw materials and consumables applied in the additive manufacturing processes, including polymers, metals, ceramics, and composites. The more and more demand for the best materials with the superior mechanical properties, thermal stability, and chemical resistant pushing the expansion of this segment. Military applications tend to demand materials with high performance and enhanced properties, such as durability, low weight and operating in extreme conditions. Consequently, the spotlight is on creating better materials for military applications of 3D printing that are unique and standout. In addition to the extended array of material options, which include metal alloys, carbon fiber-reinforced polymers, and high-temperature ceramics, a production of more intricate and functional parts for the military equipment emerges.
Analysis by End User
The largest segment is often the army because it heavily relying on manufacture of spare parts, tools and equipment on demand. The army takes advantage of 3D printing to optimize its combat readiness through shortened production lead times and dependency on logistics. With an array of vehicles, weapons systems and equipment, the army requires the production of wide variety of 3D printed parts, which can meet the efficient needs of the army. Also, the army frequently works in remote or austere surroundings where standard supply lines may be difficult to access or reach, so additive manufacturing is an imperative capability for them to maintain mission readiness.
The world military 3D printing market's fastest-growing segment is usually the airforce owing to rising applications for additive manufacturing in aerospace. Airforce harnesses 3D printing technology to manufacture difficult parts for aircraft, air drones, and missiles, which allows fast prototyping, weight reduction, and enhanced performance. Airforce is able of reducing the weight of aircraft parts thanks to additive manufacturing, thus improving fuel economy and flight performance. Moreover, 3D printing helps the airforce to address supply chain constraints and reduce downtimes by producing essential parts on-site or on-demand, thus ensuring the operational continuity and success of a mission.
Global Military 3D Printing Market By Component
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Military 3D Printing Market Regional Insights
In the military 3D printing industry, North America is the leading region owing to its strong defense infrastructure, technological advancements, and considerable investment in additive manufacturing. Among the states, it is the US that emerges as a major force in the world arms market, with its huge military budget, besides its focus on R&D in the sphere of military technologies. The U.S. Department of Defense exploration of 3D printing applications for the purpose of the aerospace, defense equipment, and maintenance, repair, and overhaul (MRO) activities is an ongoing process. This region has a well-entrenched network of defense contractors, research institutions, and additive manufacturing firms, where collaboration and innovation thrive in the military 3D printing technologies field. Moreover, the key actors of this region being Lockheed Martin Corporation, Northrop Grumman Corporation, and Boeing Company have made sure that North America remains the leading region in the global military 3D printing market.
On the other hand, the Asia-Pacific region becomes the fastest growing region in the global military 3D printing market, which is propelled by the factors of increasing defense budgets, modernization initiatives, and advances of technology in the countries of China, India and Japan. In particular, China has been actively engaged in developing additive manufacturing technologies in order to improve its defense capacity and become self-sufficient in defense production. The Chinese military is using 3D printing for prototyping, manufacturing spares, and producing complex components for aircraft, ships, and land equipment. For example, India and Japan are adopting 3D printing to elevate their defense manufacturing capabilities and to strengthen their national defense industry. The uptake of additive manufacturing in Asia-Pacific region is being mainly driven by the context of modernization of defense infrastructure, reduction of dependence on foreign suppliers and enhancement of operational readiness.
Global Military 3D Printing Market By Region
- Largest
- Fastest
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Military 3D Printing Market Dynamics
Drivers
- Technological Advancements and Innovation
The dramatic development in 3D printing technology has significantly transformed manufacturing through multiple processes in industries like defense. Innovations in metal 3D printing, composite materials printing, and multi-material printing have increased the capabilities of additive manufacturing, allowing the production of complex and custom-made parts, components, and prototypes. Military organizations utilize 3D printing technology to increase equipment readiness, decrease the chance of supply vulnerabilities, and speed up essential defense systems and equipments production.
- Cost-Efficiency and Time Savings
Conventional manufacturing techniques in the military industry are known for slow purchase procedures, high tooling expenses, and limited design flexibility. However, 3D printing permits the cost-efficient and time-saving solutions without any expensive tooling present, less material wastage, as well as on-demand production of parts and components. Military organizations can benefit from 3D printing by saving considerable costs, minimizing lead times for manufacturing of spare parts, and improving operational readiness through prompt equipment maintenance and repairs.
Restraints
- Regulatory and Certification Challenges
The use of 3D printing in the military industry is challenged by regulatory obstacles and certification requirements, especially for crucial applications such as aerospace and defense. The issue of meeting stringent military standards and regulatory compliance when it comes to quality, reliability, and safety of 3D-printed components and parts should not be overlooked. Nevertheless, the absence of standard procedures, certification processes, and regulatory actions presents huddles in the acceptance of 3D printing technology in the military operations, slowing down the procurement and limiting the deployment opportunities.
- Material Limitations and Performance Concerns
Whereas 3D printing affords designers maximum degrees of freedom and customization, the quality of printed components often depends on the choice of materials. For the military applications, materials must be extremely strong heat-resistant and chemically stable in order to function in severe conditions and meet rigorous operational parameters. However, access to qualified materials for military-grade 3D printing is currently limited, therefore achieving the necessary mechanical properties, reliability, and long-term performance of printed components may present a challenge.
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Military 3D Printing Market Competitive Landscape
In the global 3D Printing military market, there are several significant players fighting for supremacy over the market share and in order to maintain their market positions. Powerful corporations shape the market with their abundant product lines, good technological experience and maneuvering with armed organizations. These firms have a continuous process of research and development which is aimed at bettering their additive manufacturing and offer specific solutions based on the individual needs of the defense sector. Furthermore, interactions with defense firms, government agencies, and research institutes that work closely together contribute greatly on the growth of their market power and customer base. The new entrants in the market, such as Markforged, Desktop Metal, and HP Inc., that utilize the advancements in additive manufacturing technologies are also succeeding by trying to fulfill the demand within particular markets for military 3D printing. The main trends that contribute to this market are high competition and continuous technological upgrades in the global military 3D printing market.
Top Player’s Company Profiles
- Norsk Titanium AS (Norway)
- American ElementsCorporation (The U.S.)
- Arcam AB (Sweden)
- The ExOne Company (The U.S.)
- MarkForged Inc. (The U.S.)
- S.M.G. 3D (The Stanford Marsh Group) (The U.K.)
- Engineering and Manufacturing Services Inc. (The U.S.)
- E.O.S. GmbH (Germany)
- Cimetrix Solutions Inc. (Canada)
- 3T Additive Manufacturing Ltd. (The U.K.)
- Optomec Inc. (The U.S.)
- 3D Systems Inc. (The U.S.)
- Artec Europe (Luxembourg)
- Stratasys Ltd. (Israel) and Others
Recent Developments
- In November 2022, 3D Systems and ALM teamed up to extend the range of widest used 3D printing materials. The companies intend to speed up material implementation and drive additive manufacturing industry growth by ensuring that the industry utilizes leading 3D printing materials.
- In September 2021, General Lattice, a software company specialized in digital manufacturing, obtained a contract from the US Army to design a 3D -printed combat helmet with enhanced energy absorption.
- In February 2021, the ExOne Company, a 3D printing company is awarded with USD 1.6 million defense contract by the US Department of Defense to develop a self-contained, fully-functioning 3D printing factory in the 12 meter long shipping container. As a factory container, this 3D printer should provide an ease when it comes to deployment by land, sea or air so that it can meet the needs of the military in critical supplies through fast manufacturing.
- In January 2021, Naval Group, a French naval defense company has produced its own metal wire fusion technology-based 3D printer, the DED type (Direct Energy Deposition) producing valid per-array for the French Navy manufactured Andromede (a Tripartite-class minesweeper) vessel.
Military 3D Printing Key Market Trends
- Adoption of Additive Manufacturing for Mission-Critical Applications: Nowadays, the military leaders are looking for ways to integrate this technology into their crucial applications, like aircraft components, weapon systems, and vehicle parts. The availability of early prototyping, customization, and production of intricate shapes using 3D printing technologies allows military forces extend their capabilities, improve the performance of the equipment and minimize the involvement of traditional supply chains for spare parts and maintenance.
- Integration of 3D Printing in Defense Logistics and Supply Chain Management: The penetration of 3D printing technology military logistics and supply chain management is a burgeoning phenomenon in military sector. Setting up additive manufacturing plants near the point of use allows military structures to reduce their dependence on centralized warehouses, decrease transportation costs, and obtain improved logistics flexibility. Also, the acquisition of transportable and portable 3D printing circuits enables forward deployed units to produce mission-critical parts and components on-site and this consequently improves operational readiness and resilience in adverse environments.
Military 3D Printing Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global Military 3D Printing market analysis, market is rapidly expanding because of several important factors. The 3D printing technology adaptation in the military sector provides multiple advantages such as the quick prototyping and production of complex parts, reduction of the logistics footprint, and increase of the operational readiness. Military organizations around the world are implementing 3D printing abilities to fabricate spare parts, prototypes, and custom-made components instantaneously, resulting in reduced dependence on traditional supply chain and enhanced readiness. Furthermore, innovations in materials engineering and 3D additive manufacturing technology are broadening the reach of military 3D printing, enabling the fabrication of lightweight, strong, and high-performance components for aerospace, land, and marine applications. In addition, the trend of governments and defense agencies to prioritize technology modernization and defense innovation initiatives is leading to investments in military 3D printing research and development, which in turn boosts market growth.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.09 billion |
| Market size value in 2031 | USD 8.06 billion |
| Growth Rate | 24.8% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Military 3D Printing Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Military 3D Printing Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Military 3D Printing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Military 3D Printing Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Military 3D Printing Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Military 3D Printing Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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