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India 3D Printing Market To Be Dominated By Stereolithography Sub-Segment

Increase in the development of customized products and government investments in 3D printing projects are driving the  3D Printing market in India.

According to TechSci Research report, “India 3D Printing Market- By Region, Competition Forecast & Opportunities, 2028,” the 3D Printing Market in India is anticipated to grow during the forecast period as a result of the intensive R&D being conducted in three-dimensional printing and the rising demand for prototype applications from several
industrial verticals, notably healthcare, automotive, aerospace and defense.

Additive manufacturing is the term most often used to describe 3D printing used in industrial applications (AM). In additive manufacturing, the material is added layer by layer to create an item from a three-dimensional file with the use of software and a 3-dimensional printer. The technique is implemented by choosing a pertinent 3D printing technology from the range of options. This procedure is implemented across many industry verticals as needed in the last phase.

Installation services, consulting options, client assistance, and problem-solving with regard to copyright, licencing, and patenting are all included in the deployment. Three-dimensional printing has several benefits for businesses, including prototyping, creating the structure and finished items, modelling, and speed to market. Because of this, the manufacturers are able to sell superior items at more affordable rates and manufacturing costs have dropped significantly. The demand for 3D printers, and hence 3D printing is anticipated to increase in the upcoming years as a result of these advantages.

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"India 3D Printing Market"

However, the numerous misconceptions small and medium-sized businesses have about prototyping processes are impeding the adoption of additive manufacturing. Enterprises involved in design, especially small and medium-sized businesses, are delaying thinking about prototyping costs as appropriate investments rather than seeking to understand the advantages and benefits of prototypes. These companies typically think that prototyping is only an expensive step before production. These erroneous notions concerning prototype, in addition to a dearth of technological know-how and a forthcoming deficit of standardized process controls, are predicted to hamper industry growth..

The COVID-19 pandemic outbreak has had a major effect on the Indian d economy as a whole and, therefore, the 3D
printing sector. When it comes to the total number of COVID-19 patients in the area, India was initially among the worst-affected countries. The government issued an order for the total lockdown in several important cities due to the virus' rapid spread. The lockdown   impacted the 3D printing industry.. This, together with the labour issue, is attributed to the entire disruption of the country's supply and logistics systems. The output of 3D printing was halted, which had a detrimental impact on the market's expansion overall in the first and second quarters of 2020.Based on Technology, the India 3D Printing market is segmented into Stereolithography, Fuse Deposition Modeling, Selective Laser Sintering, Electron Beam Melting, Laminated Object Manufacturing, and Others. The Stereolithography sub-segment makes up the greatest portion of the market because it is a traditional and established printing process.. Although the advantages and simplicity of stereolithography technology are promoting its adoption, technological developments and aggressive research and development efforts carried out by industry experts and researchers are opening up opportunities for a number of other reliable and effective technologies. Additionally, Fused Deposition Modeling (FDM) represented a sizeable portion of income in 2021 due towidespread usage of the technology in many 3D Printing processes. As these technologies are suitable in specialized additive manufacturing processes, the Selective Laser Sintering, Electron Bean Melting, and Laminated Object Manufacturing are anticipated to have an increasing acceptance over the projected period. Opportunities for the implementation of these technologies would be made possible by the rising demand from the aerospace and defense, healthcare, and automotive verticals.

Key market players in the India 3D Printing Market include:

  • Aha 3D innovations Pvt Ltd. 3D Print India
  • Imaginarium India Pvt. Ltd
  • J Group Robotics
  • Dev Engineering
  • Altem Technologies Ltd
  • Wipro Enterprises Pvt Ltd.
  • Sahajanand Technologies Private Limited Aurum 3D
  • 3D Spectra Technologies LLP

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“The 3D printing industry is still in its infancy stage in India. In the years to come, it will present enormous growth prospects. The Make in India program, together with the emphasis on local production, the requirement for lean manufacturing, and rising penetration across a wide range of applications, would boost theIndia 3D Printing Market. The development of the regional 3D printing market will inevitably be significantly impacted by Make in India program..
 Israel-based Stratasys is planning a rapid expansion of its 3D printing sector in India. Therefore, the growth of 3D Printing Market is expected to rise in the upcoming years,” said Mr Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.

India 3D Printing Market By Component (Hardware, Software and Services {Software (Design Software, Inspection Software, Printer Software, Scanning Software)}), By Printer Type (Desktop 3D Printer, Industrial Printer), By Technology (Stereolithography, Fuse Deposition Modeling, Selective Laser Sintering, Electron Beam Melting, Laminated Object Manufacturing, Others), By Process (Powder Bed Fusion, Vat Polymerization/ Liquid Based, Material Extrusion, Binder Jetting, Material Jetting, Others), By Vertical (Automobile, Consumer Electronics, Medical, Aerospace & Defense, Education, Others), By Region, Competition Forecast & Opportunities, 2028”, has evaluated the future growth potential of India 3D Printing Market and provides statistics and information on market structure, size, share, and future growth. The report is intended to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities present in the India 3D Printing Market.


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