The global selective laser sintering equipment market is anticipated to grow at an exponential CAGR of 22.3% during the forecast period. Selective laser sintering is a manufacturing technique that uses a laser as the power source to sinter powdered material such as metal and nylon. Rising demand for tooling and manufacturing of heavy equipment applications is driving the growth of the selective laser sintering equipment market across the globe. For instance, in January 2021, The Formlabs Fuse 1 3D printer launches a new chapter of laser-sintering with a nylon 12 material that promises a 70% refresh rate. Fuse 1 is bringing the reliability and accessibility standard that Formlabs customers expect of industrial 3D printing.
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The aerospace & defense sub-segment is expected to hold a prominent share in the global selective laser sintering equipment market. The increased usage of selective laser sintering equipment by the aerospace and defense industry due to rising demand for lightweight parts & components for aircraft manufacturing & designing is driving the growth of the global selective laser sintering equipment market during the forecast period. For instance, in October 2020, ICON, a developer of advanced construction technologies including robotics, software, and building materials, has been awarded a government Small Business Innovation Research (SBIR) contract including funding from NASA to begin research and development of a space-based construction system that could support future exploration of the Moon.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Selective Laser Sintering Equipment Market Report by Segment
By Material
- Metal
- Nylon
By Laser Type
- Solid Laser
- Gas Laser
By Application
- Tooling
- Heavy Equipment & Machinery
- Robotics
By End-User
- Consumer Goods
- Automotive
- Aerospace & Defense
- Medical Devices
Global Selective Laser Sintering Equipment Market Report by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global selective laser sintering equipment market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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