3D printing is also referred to as additive manufacturing, which is a process of creating three-dimensional solid objects from a digital file. These 3D objects are made with the additive processes. Additive processes include laying down several layers of material until the final object is created. 3D printing is the reverse of subtractive manufacturing, which is the process of cutting or hollowing a material or object to get the final product. 3D printing provides the final object without using a large amount of material.

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The growing trend of moving from traditional manufacturing to functional part manufacturing in several industries such as medical, aerospace, consumer goods, and medical is driving the growth of the 3D printing market in India. 3D printing is a process, which requires no special tools and less material to manufacture the object, thus making it a cost-efficient, less time-consuming, and easy to use operation. These features have attracted several verticals to incline towards 3D printing. Covid-19 pandemic has led to a lot of innovations to provide faster medical cures. In Europe and the U.S., India’s 3D printing technology has provided leading-edge testing and medical solutions, which has promoted India’s developing 3D printing industry.

Moreover, the increasing demand for 3D printing in sectors such as aerospace, healthcare, manufacturing, and automotive, has raised the number of start-ups in the 3D printing industry. India is at a growing stage in the 3D printing industry, which is the reason for huge investments and government funding research & development to accelerate 3D printing as a manufacturing technique in all the sectors. The automobile & electronics industry has a significant contribution to the GDP of India. Implementation of 3D printing in the manufacturing process will reduce the cost, material consumption, and time. These are the features surging the growth of 3D printing market in India.

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Based on the technology, the market is segmented into stereolithography (SLA), fused deposition modeling (FDM), selective laser sintering (SLS), direct metal laser sintering (DMLS), polyjet/multijet printing (MJP), inkjet printing, electron beam melting (EBM), laser metal deposition (LMD), direct light projection (DLP), laminated object manufacturing (LOM), and others. The direct metal laser sintering (DMLS) segment is expected to grow at a higher CAGR over the forecast period. This technology offers easy manufacturing of complex structures in industries such as aerospace and automotive. It has features such as superior mechanical strength, less production time, wide variety of materials, and enhanced quality of highly complex products, which is increasing the implementation of DMLS in the manufacturing of various parts such as functional manufacturing and medical prosthetics. These implementations are propelling the growth of this segment.

Based on application, the market is segmented into prototyping, functional part manufacturing, and tooling. The prototyping segment is anticipated to witness a faster CAGR over the forecast period. The growing adoption of 3D printing in prototype applications by various industries attributed to the low operational costs, is a major factor that is increasing the demand of the segment. These features aid in the growth of the prototyping segment in the 3D printing market in India.

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 Key Developments:

• • In 2020, SLM Solutions in partnership with Honeywell Corporation, created a new parameter sets 3D printed aluminium alloy. Both the companies aimed at reducing time in manufacturing and production cost in 3D printed aircraft components.
  • In 2019, HP announced to build a 3D printing center of excellence (CoE) in the state of Andhra Pradesh in India. This center will be provided with high-end 3D printers which can handle short-run production and prototyping.

The India 3D printing market has been segmented on the basis of technology, offering, process, application, and vertical. Based on offering, the market is segmented into printer, material, software, and service. Based on technology, the market is segmented into stereolithography (SLA), fused deposition modeling (FDM), selective laser sintering (SLS), direct metal laser sintering (DMLS), polyjet/multijet printing (MJP), inkjet printing, electron beam melting (EBM), laser metal deposition (LMD), direct light projection (DLP), laminated object manufacturing (LOM), and others. Based on process, the market is segmented into powder bed fusion, material extrusion, vat photopolymerization, material jetting, binder jetting, directed energy deposition, and sheet lamination. Based on application, the market is segmented into prototyping, functional part manufacturing, and tooling. Based on vertical, the market is segmented into aerospace & defense, engineering, healthcare, consumer products, automotive, jewelry, education, energy, architecture & construction, printed electronics, and food & culinary.

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Key questions answered in this research report:

• • At what pace is India 3D printing market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in India 3D printing market? What will be the impact of drivers and restraints in the future?
  • Which technology generated maximum revenues in 2019 and identify the most promising technology during the forecast period?
  • What are the offering areas of India 3D printing market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation:

India 3D Printing Market by Offering

• • Printer
    • Desktop
    • Industrial
  • Material
    • Plastic
    • Metals
    • Ceramics
    • Others
  • Software
    • Design
    • Inspection
    • Printing
    • Scanning
  • Service

India 3D Printing Market by Technology

• • Stereolithography (SLA)
  • Fused Deposition Modeling (FDM)
  • Selective Laser Sintering (SLS)
  • Direct Metal Laser Sintering (DMLS)
  • PolyJet/MultiJet Printing (MJP)
  • Inkjet Printing
  • Electron Beam Melting (EBM)
  • Laser Metal Deposition (LMD)
  • Direct Light Projection (DLP)
  • Laminated Object Manufacturing (LOM)
  • Others

India 3D Printing Market by Application

• • Prototyping
  • Functional Part Manufacturing
  • Tooling

India 3D Printing Market by Process

• • Powder Bed Fusion
  • Material Extrusion
  • Vat Photopolymerization
  • Material Jetting
  • Binder Jetting
  • Directed Energy Deposition
  • Sheet Lamination

India 3D Printing Market by Vertical

• • Aerospace & Defense
  • Engineering
  • Healthcare
  • Consumer Products
  • Automotive
  • Jewelry
  • Education
  • Energy
  • Architecture and Construction
  • Printed Electronics
  • Food and Culinary