The Vat Photopolymerization 3D Printing Technology Market is projected to grow at a CAGR of 27.30% to reach US$11,904.040 million by 2024, from US$2,797.726 million in 2018. Vat photopolymerization is a 3D printing technology which utilizes a vat of liquid material to construct 3D objects layer by layer, which is then hardened using ultraviolet light. The demand for this technology is projected to witness significant growth over the coming years on account of increasing demand due to its high accuracy and smooth finish, enabling its high use in specific industries such as healthcare.
Geographically, North America and Europe are projected to hold a noteworthy share of the market owing to their early adoption of the technology and increasing integration of 3D printing technologies across multiple industries.
This research study examines the current market trends related to demand, supply, and sales, in addition to the recent developments. Major drivers, restraints, and opportunities have been covered to provide an exhaustive picture of the market. The analysis presents in-depth information regarding the development, trends, and industry policies and regulations implemented in each of the geographical regions. Further, the overall regulatory framework of the market has been exhaustively covered to offer stakeholders a better understanding of the key factors affecting the overall market environment.
Identification of key industry players in the industry and their revenue contribution to the overall business or relevant segment aligned to the study have been covered as a part of competitive intelligence done through extensive secondary research. Various studies and data published by industry associations, analyst reports, investor presentations, press releases and journals among others have been taken into consideration while conducting the secondary research. Both bottom-up and top-down approaches have been utilized to determine the market size of the overall market and key segments. The values obtained are correlated with the primary inputs of the key stakeholders in the vat photopolymerization 3D printing technology value chain. The last step involves complete market engineering which includes analyzing the data from different sources and existing proprietary datasets while using various data triangulation methods for market breakdown and forecasting.
Market intelligence is presented in the form of analysis, charts, and graphics to help the clients in gaining a faster and efficient understanding of the vat photopolymerization 3d printing technology market.
The major players profiled in the vat photopolymerization 3d printing technology market include XYZprinting, Inc. (A part of New Kinpo Group), Formlabs, Inc., 3DSystems, Inc., and Peopoly, among others.
The Vat photopolymerization 3d printing technology market has been analyzed through the following segments: