The market will accelerate at a CAGR of 38.41% between 2019-2023
LONDON — (BUSINESS WIRE) — October 10, 2019 — The report, 3D-printed composite materials market 2019-2023, has been added to Technavio's catalog. It provides a comprehensive analysis of the market, including its global and regional market share as well as market segmentation based on type (polymer matrix composites, metal matrix composites, and ceramic matrix composites) and geography (APAC, North America, Europe, South America, and MEA) for the forecast period 2019-2023.
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Technavio has announced its latest market research report titled global 3D-printed composite materials market 2019-2023. (Graphic: Business Wire)
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The report on the 3D-printed composite materials market includes:
3D-printed composite materials market analysis and forecast 2019-2023: Features
- Competitive landscape
- Market drivers
- Market trends
- Market challenges
- Five forces analysis
- Market landscape
- Market sizing & forecast
3D-Printed Composite Materials Market 2019-2023: Competitive landscape
- Vendors covered
- 3D Systems, Inc.
- Markforged, Inc.
- Stratasys Ltd.
3D-Printed Composite Materials Market Landscape 2019-2023: Geographic Landscape
- APAC - Market size and forecast 2018-2023
- North America - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- Key leading countries
3D-Printed Composite Materials Market Landscape 2019-2023: Type
- Polymer Matrix Composites - Market size and forecast 2018-2023
- Metal Matrix Composites - Market size and forecast 2018-2023
- Ceramic Matrix Composites - Market size and forecast 2018-2023
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High need in aerospace industry will drive the 3D-printed composite materials market
Aircraft engine manufacturers extensively prefer 3D-printed composite materials to manufacture high-pressure turbines as they have low weight and high-temperature resistance. In addition, 3D printed materials boost the overall energy efficiency of the engine and minimize emissions by reducing fuel burn. 3D printing technology is a cost-effective approach which generates less waste and brings down the overall weight of the end-product. Therefore, the fuel efficiency and reduction in raw material usage are leading to the growing popularity of 3D-printed composite materials in the aerospace sector.
Rising demand for carbon fiber composites – An emerging trend in the 3D-printed composite materials market
3D-printed carbon fiber composites find applications in various industries including the defense, commercial aerospace, and automotive sectors. This is because they help in reducing fuel costs and improve the fuel efficiency of aerospace and automotive vehicles. With the increase in the global sale of personal cars and other automobiles, the application of 3D-printed carbon fiber composite materials in the production of seating applications, automotive door panels, and door modules will increase leading to the growth of the market.
Other Key Topics Covered in the Report are:
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
- Increased demand for carbon fiber composites
- Growing demand for lightweight and high-performance materials
- Rising adoption of 3D printing in electronics industry
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