AllTheResearch illustrates the competitive market for 3D Printing in Electronics Market Ecosystem that includes strategic players such as Xerox, Nano Dimension, Beta layout and others. These companies are mainly focused on mergers and acquisition, R&D, partnership and other such strategies for increasing their market share. For instance, in May 2016, Xerox an American company announced the development of 3D printed circuit board technology for smart devices in order to leverage the advantages of 3D printing technology. Various companies have started adopting different ways for 3D printing electronic components. Optomec Aerosol Jet Technology an US based company have developed Aerosol Jet technology for 3D printing micron-size electronic components. Neotech AMT a Germany based company produces components such as conductors, resistors and others by using hybrid 3D printing technology. Additionally, BotFactory’s 3D printer is used for low cost prototyping of PCB’s using inkjet technology by laying down small droplets of insulating and conductive ink on substrates. Hence, the increasing number of companies in 3D printing is one of the major factors that pave the growth of 3D printing in electronics industry in recent days.
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The global 3D Printing in Electronics Industry Ecosystem was valued at US$ 0.23 Bn in 2018 and is expected to grow with a CAGR of 29.8% during the forecast period. Increasing demand for nano dimensional electronic components among the manufacturers is expected to drive the growth of 3D printing in electronics industry in recent years. At the same time, benefits provided by 3D printing to electronic industry such as in-house prototyping, flexibility of design, customization of components and others is driving the growth of 3D printing in electronic industry in recent years.
Aerospace & defense industry is expected to grow at a fastest pace during the forecast period. The increasing advancement in manufacturing methods that demand for more functionality electronic components packed into less pace creates the demand for segment in recent year. As weight is considered one of the important parameters in aerospace industry in order to reduce the overall fuel consumption.
Global 3D Printing in Electronics Industry- Ecosystem
North America dominated the market in 2018 and is expected to show similar trends in coming years. The increasing adoption of 3D printing technology is several end use industries such as aerospace & defense, automotive, telecom and others are expected to drive the growth of 3D printing in electronic industry in the region. Further, Asia Pacific region is expected to grow at a fastest pace during the forecast period. Rising use of consumer electronic devices such as smartphones, wearable devices, drones and others is driving the growth of market in the region in recent years.