Selective Laser Sintering 3D Prinitng Technology Trends and Forecast
The future of the global selective laser sintering 3D printing technology market looks promising with opportunities in the production part, functional prototyping, and ECS ducting applications. The global selective laser sintering 3D printing technology market is expected to reach an estimated $1.7 billion by 2030 with a CAGR of 22.6% from 2024 to 2030. The major drivers for this market are rising demand for individualized and customized goods, growing adoption of 3D printing, and escalating use of additive manufacturing in healthcare.
• Lucintel forecasts that, within the type category, nylon is expected to witness highest growth over the forecast period due to its significant use in selective laser sintering 3D printing owing to its versatility to create a wide variety of objects, such as prototypes, functional parts, and end use products.
• In terms of regions, APAC is expected to witness highest growth over the forecast period due to growing demand for customized products among population and rapid industrialization in the region.
Gain valuable insights for your business decisions with our comprehensive 150+ page report.
Emerging Trends in the Selective Laser Sintering 3D Prinitng Technology Market
The SLS 3D printing technology market is witnessing the growth of several emerging trends that can be attributed to changing technologies and the changing requirements of the industry. Such trends are influencing the levels of creativity and the extent of SLS applications.
• Multi-Laser Systems: The SLS technology landscape is undergoing a transformation with the application of multi-laser schemes, which improve the speed and efficiency of the process. These systems utilize several lasers to act on different areas of the build chamber simultaneously to shorten production time and enhance throughput. This is useful in fast-moving consumer goods manufacturing as well as the production of complicated parts.
• Advanced Material Development: The development of new materials for SLS printing is gaining popularity, especially for printing high-performance polymers, composites, and other specialty materials. These advances expand the capabilities of SLS technology by producing parts with improved mechanical properties and heat resistance.
• Integration with Automation and IoT: With the inclusion of automation and IoT technology, the efficiency and control in processes involving SLS systems are improving. Automation of post-processing, in-process monitoring, and predictive maintenance, among other features, are commonplace, improving the reliability and operability of SLS printers.
• Increased Emphasis on Sustainability: In recent years, attention is being focused on reducing waste and rationalizing energy use to develop the SLS market. Recyclable powders, energy-efficient printers, and eco-friendly materials are being developed to address these concerns and help facilitate green manufacturing.
These trends will reinforce structural adjustments in the SLS 3D printing technology market, helping to provide better, cheaper, and more productivity-oriented production methods. As the development within the technology progresses, these tendencies will enable the future of SLS printing and support its deployment across diverse industries.
The selective laser sintering (SLS) 3D printing technology market has encountered noteworthy developments recently, reflecting advancements in technology and materials as well as increased industry applicability. These developments are contributing to the growth and diversification of the SLS market in particular.
• High-Performance Polymers: High-performance polymers, such as PA11 and PA12, which can be used for SLS printing, are now available, offering more material options. These polymers also possess better engineering attributes, such as strength and flexibility, leading SLS technology to more demanding applications, such as manufacturing aircraft and automotive parts.
• Faster and More Efficient Printers: Significant developments in SLS printers have been aimed at improving speed and efficiency. New models come with shorter heater and cooler cycles and better laser systems, improving the printing experience. These changes allow quicker production and better throughput.
• Enhanced Precision and Resolution: There has been an increase in the accuracy and quality of SLS printing technology due to changes in the technology. Improvements in laser systems and the optical parts of the instrument are enabling the production of more detailed and complex shapes. This increase in accuracy will be advantageous in areas where precision and detailed features are critical.
• Affordable Solutions: In recent years, there has been a shift towards reducing the costs associated with SLS printing. Many companies are offering affordable printers and materials, making SLS technology accessible to small and medium-sized enterprises (SMEs) and educational institutions. This trend is helping to disseminate and utilize SLS technology across various industries.
These recent developments are changing the market dynamics of the SLS 3D printing technology, making available solutions more economical, efficient, and versatile. Although there has been improvement in this technology, further inventions are likely to improve SLS printing applications.
The market for selective laser sintering (SLS) 3D printing technology has several strategic opportunities for growth in different applications. These opportunities demonstrate the increasing use of SLS technology in multiple sectors.
• Aerospace Industry: With SLS technology, which can make very complex, lightweight, and high-strength parts, there is potential for growth in the aerospace industry. SLS can be employed in the product development cycle of component design and production. Growing trends in aerospace, where high-quality advanced materials are required, are creating profitable opportunities.
• Healthcare and Medical Devices: SLS technology is already being used in the production of medical devices, including prosthetics and implants, that are consumer-tailored. Where minimal internal or external features are involved, such as forced-fit or functional snap features, complex and personalized components are best produced using SLS. This is an area that is growing due to the development of new biocompatible materials and patient-centered designs.
• Automotive Sector: SLS technology is being adopted in the automotive industry for prototyping and the production of components, especially in small batch production and customization. SLS technology has benefits that enhance its usage in the automotive sector, such as short lead times and complex designs. These include functional prototyping and production of end-use components.
• Education and Research: SLS technology is widely used in education and research, particularly in the creation of advanced manufacturing applications for research and educational institutions. Affordable and mass-produced SLS printers allow students and researchers to experiment with creative ideas and even new materials, fostering innovation and new developments.
These strategic growth opportunities highlight the diverse applications and expanding potential of SLS 3D printing technology. By seizing these opportunities, companies and industries will be able to strengthen the innovations and growth needed in various areas, and the usage, impact, and scope of SLS technology will continue to improve.
The selective laser sintering (SLS) 3D printing technology market has several drivers and challenges that are shaped by technological, economic, and regulatory factors. These factors are crucial in managing the market and identifying gaps that could be exploited for expansion.
The factors driving the selective laser sintering 3D printing technology market include:
• Advancement in Material Technology: The development of new and advanced materials for SLS printing, particularly high-performance polymers and composites, is a key factor fueling market growth. These materials improve the properties of SLS technology, enabling the fabrication of parts with better mechanical performance and broader application possibilities.
• Increase in Customization Requirements: The growing demand for intricate and customized parts in industries such as aerospace, healthcare, and automotive has boosted the use of SLS technology. SLS meets the design requirements and adaptability needed by industries seeking diversification and innovation.
• Technological Advances: The enhancement of SLS printer technology, in terms of printing speed, precision, and multi-laser systems, has improved the effectiveness and efficiency of SLS printing. These improvements are making SLS technology more attractive for various applications.
• Cost Constraints: The market for SLS technology is growing as the production costs of SLS printers and materials decrease. Lower costs make SLS more appealing for small and medium-sized enterprises (SMEs) and educational institutions, enabling broader adoption and use.
Challenges in the selective laser sintering 3D printing technology market include:
• Equipment Costs: High investments in SLS printers and related facilities are a challenge, especially for small businesses or entities such as research organizations and universities. To overcome this, cheaper solutions need to be developed that effectively demonstrate the value of SLS technology.
• Limitation of Material Availability: Despite advancements in material development, there are still limitations regarding the types and properties of materials that can be used in SLS printing. This challenge can be addressed by increasing the material range and improving material performance for SLS technology.
These drivers and challenges highlight the dynamics in the SLS 3D printing technology market. On one hand, growth is driven by improvements in technology and materials, while on the other hand, issues such as equipment costs, material limitations, and post-processing requirements remain critical for the continued growth and acceptance of SLS technology.
List of Selective Laser Sintering 3D Prinitng Technology Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies selective laser sintering 3D prinitng technology companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the selective laser sintering 3D prinitng technology companies profiled in this report include-
• 3D Systems
• OBJECTIVE3DINC
• Beam-it
• Materialise
• Laser Prototypes
• SPI LASERS
• Stratasys Direct
• Proto Labs
Selective Laser Sintering 3D Prinitng Technology by Segment
The study includes a forecast for the global selective laser sintering 3D prinitng technology by type, application, and region.
Selective Laser Sintering 3D Prinitng Technology Market by Type [Analysis by Value from 2018 to 2030]:
• Nylon Materials
• Glass-filled Nylon Materials
• SOMOS (Rubber-like) Materials
• Truform (Investment Casting) Materials
• Metal Composite Materials
• Others
Selective Laser Sintering 3D Prinitng Technology Market by Application [Analysis by Value from 2018 to 2030]:
• Production Parts
• Functional Prototyping
• ECS Ducting
• Others
Selective Laser Sintering 3D Prinitng Technology Market by Region [Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
Country Wise Outlook for the Selective Laser Sintering 3D Prinitng Technology Market
The emerging 3D printing technology based on selective laser sintering (SLS) is gaining popularity due to the evolving materials and capabilities of the machines and industries. As SLS technology improves, it begins to be embraced in various verticals, supported by developments in processing, materials, and automation. This is particularly evident in large national markets such as the United States, China, India, Germany, and Japan, each contributing to SLS technology development.
• United States: In the USA, the competitive landscape for SLS 3D printing technology is changing with respect to the availability and use of high-performance polymers and the increased accuracy of machines. Companies are investing in the manufacture of faster, more effective printers capable of producing complex geometries and quality parts. SLS technology is also increasingly used in the aerospace and automotive industries, where there is a demand for strong and lightweight components.
• China: China has aggressively enhanced the scope of SLS 3D printing, both technologically and through market cost reductions. Developments include a reduction in the cost of SLS printers and an expansion in the materials available, including engineering polymers and composite materials. The Chinese market is also expanding its reach due to the growth of consumer goods and electronics manufacturing, driven by local innovations.
• Germany: Germany uses SLS 3D printing efficiently in many industries, especially for high-resolution printing and industrial applications. Germany is advancing in multi-laser systems and material development. The focus is also on integrating SLS processes with automation and digital technologies to improve production efficiency and reduce manufacturing costs.
• India: The SLS 3D printing technology market in India is expected to grow with affordable models that can move up the value chain. Recent trends include the development of affordable SLS printing solutions aimed at micro and medium-sized enterprises. There is growing interest in SLS technology applications in prototyping and manufacturing, particularly in education and healthcare sectors, due to rising demand for advanced manufacturing locally.
• Japan: Japan’s SLS 3D printing market is focused on the development of fast printing technology and the availability of various materials. The technology is advancing rapidly in Japan, including new polymer materials and faster sintering technologies. Target industries include precision engineering and electronics, where high accuracy and dependability are required. Cooperation with robotics and smart technology is also a highlight of the Japanese market.
Features of the Global Selective Laser Sintering 3D Prinitng Technology Market
Market Size Estimates: Selective laser sintering 3D prinitng technology market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Selective laser sintering 3D prinitng technology market size by type, application, and region in terms of value ($B).
Regional Analysis: Selective laser sintering 3D prinitng technology market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the selective laser sintering 3D prinitng technology market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the selective laser sintering 3D prinitng technology market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
If you are looking to expand your business in this market or adjacent markets, then contact us. We have done hundreds of strategic consulting projects in market entry, opportunity screening, due diligence, supply chain analysis, M & A, and more.
FAQ
Q.1 What is the selective laser sintering 3D printing technology market size?
Answer: The global selective laser sintering 3D printing technology market is expected to reach an estimated $1.7 billion by 2030.
Q.2 What is the growth forecast for selective laser sintering 3D printing technology market?
Answer: The global selective laser sintering 3D printing technology market is expected to grow with a CAGR of 22.6% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the selective laser sintering 3D printing technology market?
Answer: The major drivers for this market are rising demand for individualized and customized goods, growing adoption of 3D printing, and escalating use of additive manufacturing in healthcare.
Q4. What are the major segments for selective laser sintering 3D printing technology market?
Answer: The future of the selective laser sintering 3D printing technology market looks promising with opportunities in the production part, functional prototyping, and ECS ducting markets.
Q5. Who are the key selective laser sintering 3D printing technology market companies?
Answer: Some of the key selective laser sintering 3D printing technology companies are as follows:
• 3D Systems
• OBJECTIVE3DINC
• Beam-it
• Materialise
• Laser Prototypes
• SPI LASERS
• Stratasys Direct
• Proto Labs
Q6. Which selective laser sintering 3D printing technology market segment will be the largest in future?
Answer: Lucintel forecasts that nylon is expected to witness highest growth over the forecast period due to its significant use in selective laser sintering 3D printing owing to its versatility to create a wide variety of objects, such as prototypes, functional parts, and end use products.
Q7. In selective laser sintering 3D printing technology market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to growing demand for customized products among population and rapid industrialization in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the selective laser sintering 3D prinitng technology market by type (nylon materials, glass-filled nylon materials, somos (rubber-like) materials,truform (investment casting) materials, metal composite materials, and others), application (production parts, functional prototyping, ECS ducting, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Selective Laser Sintering 3D Prinitng Technology Market, Selective Laser Sintering 3D Prinitng Technology Market Size, Selective Laser Sintering 3D Prinitng Technology Market Growth, Selective Laser Sintering 3D Prinitng Technology Market Analysis, Selective Laser Sintering 3D Prinitng Technology Market Report, Selective Laser Sintering 3D Prinitng Technology Market Share, Selective Laser Sintering 3D Prinitng Technology Market Trends, Selective Laser Sintering 3D Prinitng Technology Market Forecast, Selective Laser Sintering 3D Prinitng Technology Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.