India
3D Printing Market is anticipated to grow at a
steady pace in the forecast period, 2024-2028 a
robust CAGR in forecast period. Building a three-dimensional product from a CAD model
or digital 3D model is known as 3D printing or additive manufacturing. It can
be accomplished via a number of techniques in which material is combined
together (such as fusing liquids, powder grains, or polymers) and then placed,
connected, or solidified under computer supervision. Rapid prototyping was a
better phrase to use at the time to describe 3D printing processes, which were
thought to be only adequate for the manufacturing of functional or
aesthetically pleasing prototypes. In 2019, the terms additive manufacturing
and 3D printing can be used interchangeably since the accuracy, repeatability,
and material variety of 3D printing have improved to the point that some 3D
printing techniques are viewed as feasible as industrial production
technologies. The capacity to create extremely complex forms or geometries that
would otherwise be difficult to manufacture by hand, including hollow pieces or
items with internal truss systems to minimize weight, is one of the main
benefits of 3D printing. As of 2020, the most popular 3D printing technique is
fused deposition modeling (FDM), which makes use of a continuous filament made
of a thermoplastic substance.
In. India is presently seeing a boom in it. Due to its
many advantages, this technology is transforming India's traditional manufacturing
sector. The method enables faster printing with an appropriate selection of
materials. Models, prototypes, and direct parts are often developed using
traditional procedures, which are typically more expensive and time-consuming.
Heavy components, which are typically produced using traditional techniques,
may now be 3D printed using lighter materials.
The Indian market, while still in its infancy, is
setting the path for ongoing expansion. The development of a solid market base
for manufacturers and the current driving forces behind market growth are
declining costs of 3D printers and other related equipment and thus 3D printing
services. Theadvancement of new technologies, readily accessible materials, an
increase in new start-ups and governmental support. . By removing some of the
limitations that previously prevented its use for commercial reasons, the
technology is also becoming more widely accepted.
Present scenario of 3D Printing
Some of the leading Indian 3D printing companies have
proven their mettle in their respective industries. They are utilizing a
variety of techniques to develop the 3D printing industry, for instance:
·
Government Organizations
The Agnikul Cosmos and Skyroot Aerospace have signed
official Memorandums of Understanding (MOUs) with the Indian Space Research
Organization (ISRO) in recent months. They were given access to the ISRO's
resources and knowledge about the creation and testing of space launch
vehicles. ISRO is also experimenting with fibre printing for its components
suitable for space. . A crucial component of an aeroengine made by Wipro 3D and
Hindustan Aeronautics Ltd. has received certification from the Defense Research
and Development Organization. Along with DRDO and ISRO, the Indian Army, Indian
Navy, and Indian Air Force are attempting to set up their own 3D printing
facilities so they can make the necessary parts and do more research on this
technology.
·
Private Organization
The first business in Asia to establish internal fiber
3D printing capabilities was Fabheads, another firm with a focus on the
composites manufacturing sector. Numerous awards have been received by it,
including the esteemed iDEX prize for the development of carbon fiber
helicopter blades for the Indian Air Force. A first for a 3D printing business,
Fabheads was also named National Startup of the Year 2020. Divide By Zero
became the first Indian business to offer a 3D printer that it had built
in-house for Americans. Early in 2021,
L&T Construction succeeded in 3D printing the first two-story building in
history. This construction was made utilizing a special concrete mixture.
Recent
Developments:
·
Intech Additive Solutions launches its Large Format
range of Metal 3D Printers – the ‘iFusion LF series’ –
The launch of the iFusion LF series, a large format
range of Metal 3D Printers with a high build rate for cost-effective
manufacturing, marked the beginning of a successful year for the Indian 3D
Printing Industry in 2021. Intech Additive Solutions Pvt. Ltd. (Intech),
India's first Metal 3D printer manufacturer and a leading 3D printing company
in India, made the announcement. This signalled a growth in the company's
selection of metal 3D printers.
·
Wipro3D and HAL collaborate to develop a Metal 3D
Printed Aircraft Engine Component –
The Engine Division of Hindustan Aeronautics Ltd.
(HAL) and Wipro 3D, the metal additive manufacturing (AM) division of Wipro
Infrastructure Engineering (WIN), announced that their agreement led to the
production of a metal 3D-printed aviation engine component.
·
Divide By Zero secures US Patent for its ‘Advanced
Fusion Plastic Modeling’ 3D Printing Technology –
In February 2021, Divide By Zero, India's one of
the largest domestic 3D printer manufacturer and a well-known 3D printing
company in India, secured a US patent for its new Advanced Fusion Plastic
Modeling TM (AFPM) 3D printing technology. This was a significant
accomplishment for the Indian 3D Printing Industry. Comparatively speaking,
Fused Filament Fabrication (FFF), another widely used and available 3D printing
process, is inferior to and less dependable than AFPM.
·
Andhra Pradesh MedTech Zone (AMTZ) to Develop
Artificial Organs through 3D Bioprinting –
The Andhra Pradesh MedTech Zone (AMTZ), the first
medical device park in India, opened a 3D bioprinting facility to create
artificial organs using 3D bioprinting as part of the Bio Harmonized Aids for
Rehabilitation and Treatment (BHARAT) initiative to advance diagnosis and
treatment. This is a fantastic development for the Indian 3D printing market.
The Andhra Pradesh government's main initiative, the
AMTZ, aims to increase public access to healthcare by producing domestic
medical technology goods in the nation. One of the notable businesses in the
MedTech zone is Think3D, one of India's major providers of 3D printing
services. Through its 17,500-square-foot facility, AMTZ primarily caters to the
medical devices sector. Think3D also provides services to a wide range of other
markets, including aerospace, marine, automotive, architecture, prototyping,
and so on.
·
India’s Finance Minister Virtually Inaugurates India’s
First 3D Printed House –
The first 3D-printed house in India was virtually
inaugurated in Chennai by Smt. Nirmala Sitharaman, the Hon'ble Minister of
Finance and Corporate Affairs of the Government of India. The house was
planned, built, and 3D printed by Tvasta Manufacturing Solutions, an IIT Madras
alumni startup. The 3D-printed home serves as a proof-of-concept building to
showcase and highlight the technology for usage in the building sector. The
3D-printed home was built on the IIT Madras campus.
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Market Segmentation
The India 3D Printing Market is divided
into Component, Printer Type, Technology, Process,Vertical, regional
distribution and competitive landscape. Based on Component, the market is
divided into Hardware, Software and Services. Further, the Software sub-Segment
is fragmented into Design Software, Inspection Software, Printer Software, and
Scanning Software. Based on Printer Type,
the market is segmented into Desktop 3D Printer and Industrial Printer. Based
on Technology, the market is divided into
Stereolithography, Fuse Deposition Modeling, Selective Laser Sintering,
Electron Beam Melting, Laminated Object Manufacturing, and Others. Based on
Process, the market is divided into Powder Bed Fusion, Vat Polymerization/
Liquid Based, Material Extrusion, Binder Jetting, Material Jetting, and Others.
Based on Vertical, the market is divided into Automobile, Consumer Electronics,
Medical, Aerospace & Defense, Education, and Others.
Market Players
Major
market players in the India 3D
Printing Market are 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,
and 3D Spectra Technologies LLP.
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Attribute
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Details
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Base Year
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2022
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Historic Data
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2018–
2021
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Estimated Year
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2023
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Forecast Period
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2024
– 2028
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Quantitative Units
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Revenue in USD Million, and CAGR for 2018-2022 and 2023E-2028F
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Report Coverage
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Revenue
forecast, company share, growth factors, and trends
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Segments Covered
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Component
Printer Type
Technology
Process
Vertical
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Regional scope
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North
Region, South Region, West Region and East Region
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Key companies profiled
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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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Customization scope
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10%
free report customization with purchase. Addition or alteration to country,
regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel
through Email (We can also provide the editable version of the report in
PPT/Word format on special request)
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Report Scope:
In this report, the India 3D Printing Market
has been segmented
into the following categories, in addition to the industry trends which have
also been detailed below:
·
India 3D Printing Market, By Component:
o
Hardware
o
Software
§
Design
Software
§
Inspection
Software
§
Printer
Software
§
Scanning
Software
o
Services
·
India 3D Printing Market, By Printer Type:
o Desktop 3D Printer
o Industrial Printer
·
India 3D Printing Market, By Technology:
o Stereolithography
o Fuse Deposition Modeling
o Selective Laser Sintering
o Electron Beam Melting
o Laminated Object Manufacturing
o Others
·
India 3D Printing Market, Process:
o Powder Bed Fusion
o Vat Polymerization/ Liquid Based
o Material Extrusion
o Binder Jetting
o Material Jetting
o Others
·
India 3D Printing Market, Vertical:
o
Automobile
o
Consumer Electronics
o
Medical
o
Aerospace & Defense
o
Education
o
Others
·
India 3D Printing Market, By Region:
o
North
o
South
o
West
o
East
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in the India 3D Printing Market.
Available Customizations:
Tech Sci Research offers
customizations according to a company's specific needs. The following
customization options are available for the report
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
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