Selective Laser Sintering Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 - 2028
Selective Laser Sintering Equipment Market – Snapshot
Different industries across the globe are using a variety of 3D printing technologies for the development of prototypes. From this wide range of technologies, direct metal laser sintering (DMLS) and selective laser sintering (SLS) are effective solutions for cost reduction through accelerated production and tooling costs. SLS equipment produces less waste during sintering.
The manufactured parts are light weighted yet strong, and it boosts the SLS equipment market. The selective laser sintering (SLS) equipment market is developing rapidly with a growing demand for SLS equipment. These SLS equipment are primarily used for functional prototyping and prototyping as they are capable to develop parts with a high-quality level of detail and with excellent mechanical properties. Unlike other technologies for 3D printing, these SLS equipment do not require any assistance for project building. These features enable SLS equipment applications in diverse areas leading to growth in the SLS equipment market.
The healthcare and aerospace & aeronautics industries have increased demand for complex, accurate, and sophisticated designs. It may lead to increased adoption of metal-based SLS equipment across the globe in the near future and boosts the SLS equipment market. The easy availability of non-metal and metal powders for the creation of prototype parts and models has increased the endorsement of laser sintering printers. While printing metal parts, these laser sintering printers serve precisely. These SLS printers have reduced the time required for the delivery of end products in the market. It not only saves capital but also increases the value of the SLS equipment market. Various market facilities are adopting laser sintering equipment because of their additional simplification process. It is only possible with the lesser number of machines used for the development of the end product.
The growth in the SLS market has been hampered due to the absence of standard process control and associated complexities. The selective laser sintering equipment has a complex nature that makes their operation risky, and it further hampers the growth in the SLS equipment market.
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:
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