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3D Printing – Competitor Patent Landscape Analysis
The way new technologies and innovations are streamlining existing processes and giving rise to new processes is beyond amazing. 3D Printing is one such technology that has left a revolutionizing impact on our lifestyle.
3D Printing is a process that includes laying down the layers of thin material to synthesize or create a physical object from a 3D digital model. This technology was first introduced in the 1980s with the name Rapid Prototyping Technologies as it was used for creating prototypes for product development in different industries. Later, this technology evolved as 3D printing and became widely applicable in several areas:
Human Body Organ Printing – to print organs from individual patients’ cells, so that in the future, patients no longer have to wait for donors.
Automotive Industries – for prototyping different parts of a vehicle and then assembling them into a single unit.
Aerospace Industry – for creating prototypes for aircraft wings, complex engine parts, on-demand parts in space, etc.
Architecture – to create attractive and durable models for the conception and promotion of the architecture and construction industry.
TT Consultants conducted an analysis of the technology and major players in the field of 3D Printing. The study of the global 3D printing market comprised of 3D printers, printing materials, and service providers. The report seeks to provide competitor landscapes of the key players in the 3D printing market. IBM, Panasonic along 3shape emerged as new players in the market. 3D system along with Stratasys emerges as a leader in 3D printing technology.
The application market for 3D printing can be divided into the aerospace industry, automotive industry, consumer, healthcare, government & defense, industrial/business machines, education & research, and others (arts, architecture, and forensics). 3D printing application in healthcare is expected to grow at the highest CAGR over the forecasted period. 3D system is actively filing in aerospace, automobile, construction, and jewelry field.
This report summarizes the filing and investment trends of major companies across different geographies and the analysis of the major classifications over the last 10 years.