The global market for 3D printed electronics is gaining traction from the expeditious growth of 3D printed electronics technology. 3D printed technology is becoming the sought-after technology for printed circuit boards owing to dielectric behavior, level of conductivity, and thermal stability that is comparable to traditional electronics. These factors are foretold to exhibit a massive demand for 3D printed electronics across a number of application areas. For a major part of the demand for 3D printed electronics, the minute scale of product dimension attained is envisaged to be a dominant stimulator across a number of end-use industries such as wearable technology.
The easy availability of 3D printed circuit boards offsets the need for designers to buy additional boards that are never used. As a result, 3D printed technology is prophesied to become the key technology for circuit boards and help designers obtain prototypes of their works efficiently.
If the global 3D printed electronics market is to be segmented, the key classifications could be type, printer type, and region.
The report serves an unparalleled guide to comprehend the historic and current scenario of the world 3D printed electronics market, which is used to evaluate the growth prospects of this market over the forecast period. From growth drivers to market challenges to opportunities, analysts have looked into every possible aspect that could influence growth of the 3D printed electronics market.
Global 3D Printed Electronics Market: Trends and Opportunities
The 3D printed electronics market is rising on account of a multitude of advantages of 3D printers. Not only do 3D printers offer higher precision and efficiency, wastage in production process is considerably less as it strictly overseen by CAD drawing stipulations.
The diminishing size of electronic devices over the past few decades is serving to provide growth opportunities to 3D printed technology. The limitations of silicon technology that does not allow shrinking of electronic components after a certain point is leading to the adoption of 3D printed technology.
To tap the potential of 3D printed technology, several companies are investing in research and development of this novel technology. This could translate into considerable growth of the word 3D printed electronics market over the forecast period. 3D printed technology is benefitting due to advancements in ancillary sectors such as printed circuits, conductive ink, printers that are used on multiple substrates, and alloys that enhance efficiency of 3D printing inks and decrease resistance to problems such as oxidation.
3D printing electronics is one of the rapidly growing technologies as it enables printing of minuscule circuits on a number of medium and materials with high precision.
However, the 3D printed electronics market could face cutbacks in its growth as 3D printed electronics are deemed to be slower than traditional electronics. Also 3D printed electronics technology requires to have wider application areas to be adopted by the electronics industry to serve the massive demand for electronics globally
Global 3D Printed Electronics Market: Geographical Analysis
North America being a traditional region for early adoption of new technology accounts for the leading share in the global 3D printed electronics market. In 2016, North America held the leading market share followed by Europe and Asia Pacific.
Global 3D Printed Electronics Market: Competitive Analysis
Amongst the leading vendors for 3D printed electronics Optomec, Nano Dimension, Neotech AMT GmbH, Voxel8, and Sculpteo are anticipated to display considerable demand. However, there are other vendors that could display a considerably high demand for 3D printed electronics as well.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.