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Led by Auto, Medical and Aerospace, 3D Printing to Grow into $8.4 Billion Market in 2025
Landmark study of 3D printing’s commercial potential from Lux Research finds that these three industries will take an 84% share as the market grows at 18% annually
BOSTON, MA – April 9, 2013 – 3D printing, touted as an enabling platform for applications ranging from personalized medicine to personal drones, will grow to an $8.4 billion market in 2025 – up from $777 million in 2012. However, consumer applications will have limited upside, according to Lux Research, while industrial uses generate the most value.
“3D printing offers design flexibility and rapid implementation, but development needs remain in materials performance and printer throughput,” said Anthony Vicari, a Research Associate at Lux Research and the lead author of the report titled, “Building the Future: Assessing 3D Printing’s Opportunities and Challenges.”
“Over the longer term, 3D printing has potential to reshape the manufacturing ecosystem, but it will have the most impact in the near term for products that are made in small volumes, require high customization, and are more cost-tolerant,” he added.
To forecast the market and identify business potential, Lux Research analysts built a first-of-its-kind market model for 3D printing parts, materials, and equipment. Their findings:
The report, titled “Building the Future: Assessing 3D Printing’s Opportunities and Challenges,” is part of the Lux Research Advanced Materials Intelligence service.
About Lux Research
Lux Research provides strategic advice and ongoing intelligence for emerging technologies. Leaders in business, finance and government rely on us to help them make informed strategic decisions. Through our unique research approach focused on primary research and our extensive global network, we deliver insight, connections and competitive advantage to our clients. Visit www.luxresearchinc.com for more information.