In a recent published report, Kenneth Research has updated the market report for Worldwide 3D Printing in Aerospace and Consumer Electronics market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Worldwide 3D Printing in Aerospace and Consumer Electronics market products.
Factors such as the growing trade of semiconductors for use in different consumer electronic products, along with the growing trend of automation and IoT, which is raising the need for the deployment of advanced electronic chipsets, therefore the advancement in the trade of semiconductors. According to the statistics by World Semiconductor Trade Statistics (WSTS), semiconductor billings around the globe per 12 months rolling average increased from around USD 250 billion in the year 2010 to around USD 460 billion in the year 2019.
The 3D printing market is a rapidly growing market. Since 2008, the 3D printing market has started penetrating in almost every industry vertical such as aerospace, manufacturing, healthcare, and consumer electronics. The less wastage compared to the traditional printing methods is one of the key reasons for the industries to adopt “3D printing” methods. The interdependence of software, technology and material are contributing towards the success of the worldwide 3D printing market.
According to Research, the “Worldwide 3D Printing in Aerospace and Consumer Electronics” market will grow at an estimated CAGR of 28.2% during the forecast period 2016–2022. At present, the market is witnessing a twofold growth in the mature markets of North America and Europe. Although, for the past 2–3 years, the market has started experiencing growth in the Asia Pacific region specifically in the 3D printer market. Increase in the investment by the big players and growing Public Private Partnerships (PPPs) is helping in the 3D printing market growth in the aerospace industry. The demand for the sleek, light-weight and complex designed products are driving the 3D printing market in the consumer electronics industry.
Key players covered in the report are 3D Systems, Stratasys, Boeing, Aerojet Rocket Dyne, GE Aviation, Optomec, XYZ Printing, HP Development Company, Rolls-Royce, Safran Turbomeca and Airbus. The research report provides a comprehensive review of 3D printing technologies and 3D printing materials. The report also covers 3D printing market in aerospace and consumer electronics market in terms of trends, regions and vendor assessments on the basis of technology, R&D spendings, and product offerings.
The study covers and analyzes the “Worldwide 3D Printing in Aerospace and Consumer Electronics” market. Bringing out the complete key insights of the industry, the report aims to provide an opportunity for players to understand the latest trends, current market scenario, government initiative, and technologies related to the market. In addition, helps the venture capitalist in understanding the companies better and take informed decisions.
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