Worldwide Spending on 3D Printing Will Reach $13.8 Billion in 2019, According to New IDC Spending Guide
According to the last update to the Worldwide Semiannual 3D Printing Spending Guide from the International Data Corporation (IDC), the global spending on 3D printing along the whole value chain will increase a 21,2% over 2018, this year.
The study reveals that discrete manufacturing will be the dominant industry for 3D printing, followed by Healthcare providers, education and professional services. At least, the consumer spending will account for less than 5% of the worldwide total. IDC experts also predict that in 2022, process manufacturing will move into the number 5 position. However, the fastest growth in 3D printing spending in five years will be healthcare (29,8%) and transportation (28,3%).
The paper reveals that “the leading use cases for 3D printing are prototypes, aftermarket parts, and parts for new products. As spending by the healthcare industry rises, dental objects and medical support objects will become the fourth and fifth largest use cases in 2022, followed closely by specialized tools”.
“We’ve seen a lot of development on the 3D printing technology side in 2018. Rapid increases in production speeds combined with major advances in 3D printing materials is enabling the use of 3D printing in manufacturing across a wider range of applications,” said Tim Greene, research director, Hardcopy Peripherals and 3D Printing. “As more users recognize these benefits they are looking for more ways to use the technology, which drives higher levels of equipment utilization for prototyping, tooling, and real manufacturing.”
Read the full paper here.