22% growth projected for 3D printing by 2028
22 Dec 2017
UK, Cambridge-based IDTechEx, a research and events services company in its latest report om 3D printing revealed that the push to develop software that enables design for Additive Manufacture for users looking to fully leverage the design freedoms offered by 3D printing is one of the key drivers of the growth of the rapidly growing 3D printer market.
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‘Interest in 3D printing has exploded following the expiration of key patents in 2009: key players have been quick to capitalise on this demand, some enjoying exponential revenue growth as a result,’ said the report.
IDTechEx in the report forecasts that the global market for 3D printing metals will grow at a CAGR of 22% and will be worth $966 million by the year 2028.
The company conducted exhaustive primary research with companies within the 3D printing value chain to identify the trends impacting growth to 2028. Over 25 company profiles have been included in the report including Materialise, Dassault Systemes and Autodesk, among others.