The Europe 3D Technology Market would witness market growth of 15.7% CAGR during the forecast period (2022-2028).
Manufacturing of technology products or mixed-material products continues to be done. Layers used in 3D printed objects are not as sturdy as those used in parts built using more traditional methods, like injection molding. The size of objects that can presently be produced by manufacturers using 3D printing is restricted. It will be a while before the technology completely transforms manufacturing for mass output. Nowadays, modest print runs or one-off prototypes remain the main uses of 3D printers.
3D printing is being used quickly by the automotive sector to prototype innovative car models. In industries connected to aircraft, it is also employed to manufacture spare and replacement parts. Additionally, a wide range of 3D printing applications are used in the healthcare industry, from dental moulds to prosthetics as well as 3D printed models for difficult surgeries. It offers the possibility of preventing card-present fraud in ATMs and point-of-sale systems. For example, banks are already designing and producing ATM components with credit card skimming utilizing 3D printing.
The UK is one of the world's top industrial nations. Both the pandemic and the UK's departure from the EU, often known as Brexit, had a significant impact on the industrial sector and presented significant challenges for it. For UK industry, there have been significant supply chain disruptions during the past year. Major OEMs have altered their investment strategies as a result, but some are considering or advancing toward on-shore manufacturing as well as near-sourcing.
The Germany market dominated the Europe 3D Technology Market by Country in 2021; thereby, achieving a market value of $29.8 billion by 2028. The UK market is exhibiting a CAGR of 14.7% during (2022 - 2028). Additionally, The France market would showcase a CAGR of 16.5% during (2022 - 2028).
Based on Product, the market is segmented into 3D Display, 3D Printing, 3D Glasses, 3D Camera, 3D Imaging, and Others. Based on Application, the market is segmented into Military & Defense, Media & Entertainment, Automotive, Industrial, Healthcare, and Others. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global 3D Technology Market will Hit $463.5 Billion by 2028, at a CAGR of 16.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include 3D Systems Corporation, Autodesk, Inc., Panasonic Corporation, Sony Corporation, FARO Technologies, Inc., Hewlett-Packard enterprise company (HP Development Company L.P.), The ExOne company (Desktop Metal, Inc.), Hexagon AB, Stratasys, Ltd., Vicon Motion System, Ltd.
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