Digital Light Processing (DLP) Technology 3D Printing Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Component (Hardware, Software, Services), By End-User (Healthcare, Automotive, Aerospace And Defense, Others), And By Geography - Forecasts From 2022 To 2027

The digital light processing (DLP) technology 3D printing market is projected to grow at a CAGR of 32.43% during the forecast period to reach US$3,736.487 million by 2027, from US$522.950 million in 2020.

Digital Light Processing (DLP) 3D printing technology utilizes a projector screen that flashes an image of a layer at once, resulting in the layer being cured simultaneously. The main parts of a DLP 3D printer are a digital light projector screen, Digital Micromirror Device (DMD), a resin tank (vat), the build plate, and the elevator for the build plate. The digital light projector is the source of light for a DLP 3D printer. Furthermore, the DLP 3D Technology market is projected to witness good growth during the coming years on account of rapid innovations and increasing adoption of 3D printing technology. However, the availability of multiple substitute technologies is estimated to restrain this growth to a certain extent. The digital light processing technology 3D printing market is divided into components, end-user, and geography.

The growth of the Digital light processing (DLP) Technology 3D printing market is majorly attributed to the strategic importance of this futuristic technology in the industries like healthcare, aerospace, and defense, and automotive among others. The DLP 3D printing technology is widely applied in the field of medical product production and development. It offers printing accuracy and printing speed with the help of precision projection light which is reflected by a digital micromirror device. Moreover, this technology is widely applied in fabricating specific medical devices based on patient-specific diseases. With these medical devices, healthcare providers can diagnose and treat patients. Furthermore, the FDA also approves the medical 3D printing of medical devices, which acts as the most reliable validation for this technology’s use in the medical industry. Thus, the extensive use of this technology in the growing healthcare sector coupled with positive approval from government authorities like FDA for the use of 3D printing for medical devices is expected to drive the market for digital light processing technology 3D printing during the anticipated period.

The digital light processing (DLP) Technology 3D printing market in the North American region is expected to hold a significant share during the forecast period.

The high adoption of innovative technology and growing research for the development of futuristic technological solutions is the key factor attributing to the growth of the digital light processing technology 3D printing market in the North American region. Furthermore, developed economies like the US have major key market players which are expected to boost the market’s growth in this region during the anticipated timeframe.

Product offering

• 3D systems offer Figure 4 Modular, a digital light printing production solution that can produce parts with high surface fidelity and quality. It supports accelerating the time to market with ultra-fast production (up to 100mm/hr). It also supports six sigma accuracy and the company claims that manufacturers can scale the Figure 4 modular parallelly with their production needs.
• Stratasys Ltd. provides the consumer with the Origin One, a next-level, transformative 3D printer that is powered by an evolution of digital light processing. This printer can offer industry leading-accuracy, consistency, detail, and throughput with the P3TM, a Programmable Photopolymerization Technology.

COVID-19 Impact on the Digital Light Processing (DLP) Technology 3D Printing Market

The pandemic had a significant impact on the Digital light processing (DLP) Technology 3D printing market. Due to pandemic restrictions, industries, and manufacturing units were closed for a brief period of time to restrict any close contact with individuals to avoid the further spread of the virus. Moreover, the overall demand for printing solutions was also hindered during this period owing to the temporary halt in production activities. Furthermore, the supply chain disruption also affected the overall DLP 3D printing market amid the pandemic.

Digital Light Processing (DLP) Technology 3D Printing Market Scope:

Segmentation

• By Component
  • Hardware
  • Software
  • Services
• By End-User
  • Healthcare
  • Automotive
  • Aerospace and Defense
  • Others
• By Geography
  • North America
    • USA
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Israel
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Others

Frequently Asked Questions (FAQs)

Q1. What will be the digital light processing (DLP) Technology 3D printing market size by 2027?
A1. The digital light processing (DLP) technology 3D printing market is projected to reach a market size of US$3,736.487 million by 2027.

Q2. What are the growth prospects for the digital light processing (DLP) Technology 3D printing market?
A2. The global digital light processing (DLP) technology 3D printing market is projected to grow at a CAGR of 32.43% over the forecast period.

Q3. What is the size of the global digital light processing (DLP) Technology 3D printing market?
A3. Digital Light Processing (DLP) Technology 3D Printing Market was valued at US$522.950 million in 2020.

Q4. Which region holds the largest share of the digital light processing (DLP) Technology 3D printing market?
A4. North American region is expected to hold a significant share of the digital light processing (DLP) Technology 3D printing market.

Q5. What factors are anticipated to drive the digital light processing (DLP) Technology 3D printing market growth?
A5. The DLP Technology 3D printing market is projected to witness good growth on account of rapid innovations and increasing adoption of 3D printing technology.