The 3D printing industry is anticipated to touch US$17.2 billion mark by 2020, according to www. researchnester.com.
This follows an increase in investment in research and development (R&D) across industries like aerospace, automotive, healthcare, oil and gas. A shift from designing prototypes to producing end-user products can be seen in various US industries, market researchers suggest.
The printers sector could grow at the highest CAGR of 29% through 2015-2020 and is expected to reach US$6.48 billion by 2020. In contrast, the service and maintenance segment could show the slowest growth rate from 2015-2020, expanding at a CAGR of 22% to reach USD 3.46% over the next five years from 2015 to 2020.
This story is reprinted from material from Research Nester, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.
