Selective Laser Sintering Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Selective Laser Sintering Equipment Market – Introduction
Selective Laser Sintering (SLS) is a form of Powder Bed Fusion (PBF), in which a base of powder polymer, metal or resin is targeted fully (melting) or partially (sintering) by high-power directional source of heat, like laser. This technique results into the formation of a solid layer of fused powder. Selective laser sintering is a process that is widely in the accelerating additive manufacturing field.
Adoption of selective laser sintering equipment is likely to grow, owing to the growing government investments in 3D printing projects and ability of these equipment to create parts with enhanced mechanical properties without any build support. These factors helped the selective laser sintering equipment market value roughly US$ 340 million in 2018. The selective laser sintering equipment is witnessing steady traction for creating prototypes across diverse industries.
Selective Laser Sintering Equipment Market – Notable Developments
Notable developments in the competitive landscape of selective laser sintering equipment market include:
Some of the most prominent competitors operating in the competitive landscape of global selective laser sintering equipment market include –
Selective Laser Sintering Equipment Market Dynamics
Extensive Applications in Diverse Industry Auguring Well for Selective Laser Sintering Market
The wide adoption of selective laser sintering equipment in prototyping and functional prototyping of various consumer electronic devices, such as for creating prototypes for GPS products, has been driving growth in the market. Furthermore, selective laser sintering technology has paved way for new avenues in the automotive sector. This technology is bringing changes at every stage of the production of motor vehicles, ranging from functional prototyping phases, design, and production of tools to parts manufacturing. Moreover, the automotive sector is a pioneer in the leveraging 3D printing in its processes. Additionally, selective laser sintering equipment is also witnessing traction from the healthcare industry, wherein, this technology helps in creating tailored 3D printed medical devices, and patient-specific surgical simulation. The growing scope of selective laser sintering equipment in the healthcare sector, such as in medical products and dentistry, is likely to create lucrative growth opportunities for stakeholders.
Upward Adoption of Selective Laser Sintering Equipment for Robotics Application Driving Market Growth
Robot manufactures have been bound to using prevailing off-the-shelf parts until the emergence of selective laser sintering equipment. Now, robot makers are increasingly using selective laser sintering printing to design and print their own components and parts by leveraging cost-effective designing tools, and affordable SLS 3D equipment. Adoption of selective laser sintering equipment is likely to accelerate in robot making, as 3D equipment of this kind decreases the costs of prototypes, and at times of the final parts too. With manufacturers increasingly using metal-based selective laser sintering equipment for robotics application, the market is likely to grow in the forthcoming years.
Complex Nature of Selective Laser Sintering Equipment Inhibiting Market Growth
Lack of standard process control coupled with complexities associated with the use of selective laser sintering printing software is limiting the growth of the market. The highly complex nature of selective laser sintering equipment makes it risky for use, which is hampering the growth of stakeholders.
Selective Laser Sintering Equipment Market - Segmentation
Based on material, the selective sintering equipment market is segmented into:
Based on application, the selective sintering equipment market is segmented into:
Based on industry, the selective sintering equipment market is segmented into:
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
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