Fused Deposition Modeling 3D Printing Technology Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Component (Hardware, Software, Services, Material), By End-User (Healthcare, Automotive, Aerospace And Defense, Construction, Others), And By Geography - Forecasts From 2022 To 2027

The fused deposition modeling 3D printing technology market is anticipated to increase at a CAGR of 26.78% to reach US$19,822.304 million by 2027, from US$3,765.240 million in 2020.

Fused deposition modeling (FDM) 3D printing, commonly referred to as fused filament fabrication (FFF), is a type of additive manufacturing (AM) technique used for material extrusion. FDM uses thermoplastic polymers in the form of filaments to manufacture parts layer by layer by selectively depositing melted material along a specified route. The high usability and improved usefulness of 3D printing complicated shapes have contributed to the technology's great popularity, and the same factors are expected to enhance demand for FDM technology in the years to come. The FDM 3D printing method has a sizable market share and is excellent for early prototyping. The potential for growth is enormous as desktop FDM 3D printing gains popularity among individuals, educational institutions, and the healthcare sector.

Raising customized products and technological improvements to expand the market

Increased need for customized products, technological improvements, and the expanding use of FDM printers across a range of industries are all contributing factors to the growth of the global FDM 3D printing technology market. FDM technology enables the production of intricate structures and voids that would otherwise be impractical at no additional expense to the manufacturer, with a shorter lead time, and with optimally customized parts. Engineers are looking for alternatives to metal parts to increase the overall effectiveness of a printed product, and FDM plays a big part in this. FDM is used to generate durable production parts for relatively low and short-run applications. It is also well-known for offering noteworthy performance at a reduced price and assisting small enterprises in streamlining their manufacturing procedures. The expansion of the worldwide FDM printing market is also being driven by the expanding usage of additive manufacturing technology for rapid prototyping. As a result, the global market anticipates a huge demand for FDM 3D printing technology as well as numerous opportunities.   

By Geography

Geographically, the Fused Deposition Modeling 3D printing technology market is segmented as North America, South America, Europe, Asia-Pacific, and Middle East & Africa. The North American and Europe segments hold a significant market share and are anticipated to grow rapidly because of their early adoption of the technology by multiple companies and the growing use of 3D printing technologies across numerous industries.

Key Developments:

• March 2022: In partnership with Lockheed Martin (NYSE: LMT) and Metropolitan State University of Denver, Stratasys Ltd., a pioneer in polymer 3D printing technologies, revealed that it is making baseline material qualifying data for Antero 840CN03 filament material available to the public. The industry can now use the material to create aerospace components utilizing additive manufacturing, like those on the Orion spacecraft, using Stratasys production-grade 3D printers thanks to the publication of this certification data. Antero 840CN03 is a blended and functionalized PEKK-based high-performance, ESD thermoplastic composite material developed exclusively for production-grade Stratasys FDM® 3D printers that surpasses NASA outgassing criteria and ESD performance requirements while also exceeding the flame, smoke, and toxicity (FST) characteristics necessary for aviation applications. It is designed for space-ready performance.
• November 2021: The launch of the Raise3D RMF500, a 3D printer designed for small-batch production in the industrial sector, was announced by Raise3D, a global provider of additive manufacturing solutions for SMEs and LSEs. Utilizing the most cutting-edge FFF 3D printing technology currently available, it satisfies the industry requirement for highly accurate and trustworthy repeatability. The RMF500 is created to help Raise3D's industrial customers grow their businesses and meet more demanding requirements by enabling them to quickly and precisely build end-use parts composed of carbon fibre reinforced material. In order to compete effectively in its market, the RMF500 is built with three key features: Highly Accurate Production Repeatability, High Speed and Large Build Volume, and the Capability to Use High-Performance Material.
• November 2021:  Leading provider of polymer 3D printing solutions Stratasys Ltd. recently revealed that it is extending its manufacturing strategy by introducing a new open tier of external materials for FDM® 3D printers through an annual Open Material License. Stratasys will help manufacturing clients solve new applications with challenging requirements while also having two sources for materials by extending its materials ecosystem approach to FDM technology.

Product Offerings:

• M200 Plus 3D printer:  Zortrax FDM 3D printers are used in a variety of industries, including aerospace, healthcare, and education. Ready to quickly manufacture The M200 Plus 3D printer is made to run consistently and dependably for extended periods of time. Some characteristics are Industrial-grade build quality provides reproducible, dimensionally exact outcomes and lowers maintenance expenses. Material end detection, an advanced cooling system, a built-in camera to remotely monitor 3D printing and a large selection of specialty and third-party filaments are supported and have Ethernet, USB, and Wi-Fi connectivity. It possesses a failsafe response function and allows for compatibility with flexible materials compatible with perforated or glass construction platforms.
• Markforged FX20 3D Printer: FX20 is a commercial 3D printer by Markforged, Inc. that is precisely engineered and sensor-driven and offers exceptional performance and reliability with a user-friendly interface. The FX20 opens up a new range of components, issues, and sectors for the Digital Forge and Continuous Fiber Reinforcement. The FX20 combines capacity and throughput to produce larger constructions at remarkable rates, bringing The Digital Forge's transformative benefits to a whole new level. This large format 3D printer can reinforce ULTEMTM 9085 Filament with continuous carbon fiber and is designed for everything from performance tools and fixtures to flight-ready production items.

Fused Deposition Modeling 3D Printing Technology Market Scope:

Segmentation

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

Frequently Asked Questions (FAQs)

Q1. What will be the fused deposition modeling 3D printing technology market size by 2027?
A1. The fused deposition modeling 3D printing technology market is anticipated to reach a market size of US$19,822.304 million in 2027.

Q2. What is the size of the global fused deposition modeling 3D printing technology market?
A2. Fused Deposition Modeling 3D Printing Technology Market was valued at US$3,765.240 million in 2020.

Q3. What are the growth prospects for the fused deposition modeling 3D printing technology market?
A3. The global fused deposition modeling 3D printing technology market is anticipated to grow at a CAGR of 26.78% during the forecast period.

Q4. Which region holds the maximum market share of the fused deposition modeling 3D printing technology market?
A4. The North American and Europe regions hold a significant share of the fused deposition modeling 3D printing technology market.

Q5. What factors are anticipated to drive the fused deposition modeling 3D printing technology market growth?
A5. Increased need for customized products, technological improvements, and the expanding use of FDM printers across a range of industries are all contributing factors to the global FDM 3D printing technology market growth.