The worldwide market is expected to reach $3,915 Mn by 2026, according to Transparency and projected to expand at a CAGR of 44.46% between 2018-2026.
This market will continue to be influenced by the growing demand for light weight, miniature, and high performance electronic components which find applications where space is a constraint and performance is of pivotal importance, the reports says.
Aerospace and defence is expected to hold the highest market share, as the segment demands highly customised, light weight, and high performance electronic components which can be efficiently realised with the help of 3D printing method, as compared to traditional manufacturing methods, the report outlines.
While the consumer electronics segment is anticipated to grow at the fastest rate, due to the increasing utilisation of 3D printed electronics technology for the production of electronic components which are deployed in various consumer electronic products including wearables, smartphones, drones, and televisions.
The North America region is anticipated to be at the forefront of global demand, with the market growing at a CAGR of above 43.76% through 2026. The growth is mainly due to the increasing adoption of 3D printing technology in the region in various industry verticals – especially aerospace and defence and across countries, namely the US and Canada – says the report.