United States (USA) 3D Printing Market Research Report, 2028

United States (USA) 3D Printing Market Research Report, 2028

Actual Market Research 31-03-2023 60 Pages Figures : 5 Tables : 13 Region : North America Country : United Arab Emirates Category : IT & Telecommunications Technology

The USA is one of the largest markets for 3D printing in the world. The 3D printing industry is constantly evolving, with new materials, software, and hardware being developed that improve the speed, accuracy, and capabilities of 3D printers. These advancements are making 3D printing more accessible and cost-effective for businesses and consumers. Furthermore, 3D printing allows for customization of products, which can be a major selling point for businesses and consumers. Customized products can meet specific needs or preferences and can command a higher price. Moreover, Consumers are increasingly looking for personalized products, and 3D printing allows for the creation of custom products at scale. This is particularly relevant in industries such as healthcare and fashion. The United States' aerospace and defence industry is the world's leading innovator and producer of technologically advanced aircraft, space, and defence systems. As the aerospace and defence industry plays a critical role in ensuring US national security and driving the economy, the sector is seeing various R&D investments in new and emerging technologies from government and industry. As the adoption of 3D printed electronics in the A&D industry improves efficiency and quality, lowers manufacturing costs, accelerates the process, and allows for new and complex designs, investments in 3D printed electronic components for A&D are surging, propelling the market in the region's growth. According to the research report "United States 3D Printing Market Research Report, 2028," published by Actual Market Research, the United States 3D Printing market was valued at more than USD 4 Billion in 2022. As the circular economy continues to gain momentum, there is an increasing demand for sustainable manufacturing practices. 3D printing can help reduce waste and improve resource efficiency, making it an attractive option for companies looking to adopt more sustainable manufacturing practices. Furthermore, the automotive industry has been another major adopter of 3D printing, as it allows for the creation of complex parts and prototypes quickly and cost-effectively. With the growth of electric and autonomous vehicles, the demand for 3D printing in the automotive industry is likely to continue to increase. Moreover, 3D printing is being used to create customized medical implants and prosthetics, as well as models for surgical planning. This is driving demand for 3D printing in the healthcare industry. In addition, Industry 4.0 is a term used to describe the trend towards automation and data exchange in manufacturing. 3D printing is seen as a key enabler of Industry 4.0, as it allows for the rapid prototyping and production of customized parts. According to the research report, the market is segmented into two major printer types, including desktop 3D printers and industrial 3D printers. Among them, industrial 3D printers will dominate the market in 2022 with a higher market share. Industrial 3D printers are used in a wide range of industries, including aerospace, automotive, healthcare, and defense, to produce parts and components that are more complex and customized than those produced by traditional manufacturing methods. Furthermore, industrial 3D printers are capable of using a wide range of materials, including metals, ceramics, and plastics, which enables manufacturers to choose the most suitable material for their application. 3D printers are expected to grow at a higher CAGR as they are more affordable, more accessible, and easier to use than industrial 3D printers. However, the market is divided into printers, materials, services, and software segments based on the offerings. Among them, Printer has the highest market share during the forecast period. Printers have the highest market share in the USA 3D printing market based on offering because they are the most essential component of any 3D printing system. Without a printer, it is not possible to create 3D objects using additive manufacturing technology. Materials have the highest CAGR because they are an essential component of the 3D printing process. The market has been further divided up based on application into prototyping, tooling, and functional parts manufacturing. Due to the widespread adoption of the prototyping process across multiple industry verticals, the prototyping segment accounted for the largest share in 2022. Prototyping is particularly useful in the automotive, aerospace, and defense industries for precisely designing and developing parts, components, and complex systems. The functional parts manufacturing segment is expected to grow at the fastest CAGR from 2023 to 2028, in response to rising demand for designing and manufacturing functional parts. Local Motors created the first 3D printed car, the Strati, in the United States. It was printed in 44 hours and put together in two days. Furthermore, NASA has been using 3D printing to create tools and replacement parts on the International Space Station (ISS) since 2014. The technology enables astronauts to manufacture parts on demand, eliminating the need for expensive and time-consuming resupply missions. Furthermore, the FDA approved SPRITAM, the first 3D printed prescription drug, for the treatment of seizures in 2020. Aprecia Pharmaceuticals created the drug using a 3D printing process called ZipDose. In addition 3D printing has been used in the fashion industry in the United States, with designers using the technology to create intricate and one-of-a-kind designs. For example, Dutch fashion designer Iris van Herpen has used 3D printing to create stunning and innovative fashion pieces. Furthermore, in 2018, the first 3D printed house in the United States was built in Austin, Texas. The house was built for $10,000 and printed in 47 hours on a large-scale 3D printer. The US Army has been using 3D printing technology to produce spare parts for military equipment in the field. This approach, known as additive manufacturing, has several benefits, including reducing the need for expensive and time-consuming logistics and increasing the efficiency and readiness of military units. Furthermore, when equipment breaks down or requires maintenance, replacement parts have to be ordered from a central location and shipped to the site where the equipment is located. This process can take days or even weeks, depending on the location of the equipment and the availability of replacement parts. Moreover, with 3D printing, replacement parts can be produced on site, often in a matter of hours. This means that equipment can be repaired quickly and efficiently, reducing downtime and increasing the readiness of military units. Furthermore, the US Army has been using 3D printing to create a range of spare parts, including brackets, housings, and knobs. To produce these parts, the Army uses a variety of 3D printing technologies, including fused deposition modeling (FDM) and selective laser sintering (SLS). In addition to producing spare parts, the US Army has also been using 3D printing for rapid prototyping and tooling. This enables military personnel to quickly design and produce tools and equipment that are tailored to specific tasks and environments. In the USA, the most commonly used 3D printing processes are Fused Deposition Modeling (FDM) is the most popular and widely used 3D printing process. It works by melting a thermoplastic filament and extruding it layer by layer to create a 3D object. Furthermore, stereolithography (SLA) is another popular 3D printing process that uses a liquid resin and a UV laser to create 3D objects. The laser solidifies the resin layer by layer, creating a precise and detailed object. Moreover, selective laser sintering (SLS) is a 3D printing process that uses a laser to sinter a powdered material, typically nylon, layer by layer to create a 3D object. The thermoplastics Acrylonitrile Butadiene Styrene (ABS) and Polylactic Acid (PLA) are the most commonly used 3D printing materials in the United States (PLA). ABS and PLA are both widely available and used in a wide range of applications. 3D printing is highly used in various industries and applications in the USA, including aerospace and defense, automotive, healthcare, education, architecture, fashion and jewelry, consumer goods, art and design, and many more. In the United States, there are several 3D printing-related events, including the Additive Manufacturing Users Group (AMUG) Conference, the Rapid + TCT Conference, the Inside 3D Printing Conference and Expo, the National Maker Faire, and many more. There are several technology expos and trade shows in the USA that feature 3D printing technologies and applications. Some of the major ones are CES (Consumer Electronics Show), International Manufacturing Technology Show (IMTS), Eastec, Design-2-Part Shows, inside 3D Printing Conference and Expo, and many more. In the United States, there are government regulations concerning 3D printing that include The US Patent and Trademark Office (USPTO) is responsible for granting patents and trademarks related to 3D printing technologies and products and enforcing intellectual property rights. In addition, the Digital Millennium Copyright Act (DMCA) prohibits the circumvention of technological measures used to protect copyrighted works, which includes 3D printing files. Furthermore, the Consumer Product Safety Commission (CPSC) regulates the safety of consumer products, including 3D-printed products that are sold to consumers. The CPSC ensures that these products meet safety standards and regulations. Moreover, the FDA is responsible for regulating medical devices and pharmaceuticals, which include 3D-printed medical devices and drugs. The FDA has released guidelines for the manufacturing and use of 3D-printed medical devices and is working to develop guidelines for 3D-printed drugs. The most serious threat to market participants is the infringement of copyrighted products. This infringement of rights has thrown many countries' intellectual property laws out of sync. Despite the fact that governments in many countries are conducting thorough investigations, counterfeit products and infringement remain prevalent. As a result, specific laws and regulations have been implemented to prevent such felonies. In the United States, for example, a copyright holder can notify an online service provider to claim and stop the continued infringement under the Digital Millennium Copyright Act (DMCA). As a result, these factors are expected to limit the global 3D printing market's growth during the forecast period. Considered in this report • Geography: United States • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • United States 3D Printing market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Offerings: • Printers • Materials • Services • Software By Printer Type: • Desktop 3D Printer • Industrial 3D Printer By Application Type: • Prototyping • Functional Part Manufacturing • Tooling The approach of the report: This report consists of a combined approach of primary and secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in it. The secondary research consists of third-party sources such as press releases, annual reports of companies, government-generated reports, and databases. After gathering the data from secondary sources, primary research was conducted by making telephone interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this; we have started doing primary calls to consumers by equally segmenting them in regional aspects, tier aspects, age group, and gender. Once we have primary data with us, we can start verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations and organizations related to the 3D printing industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing and presentations, it will also increase competitive knowledge about the industry.

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