According to the market research report “3D Printing Market by Offering, Process, Application, Vertical, and Geography – Global Forecast to 2023”, published by MarketsandMarkets™, the 3D printing market is expected to be worth USD 32.78 Billion. Stratasys Ltd. and 3D Systems Corporation are two of the key players in the 3D printing market. In 2017, Stratasys strengthened its 3D printing service offerings with the introduction of Expert Services Group for the market in North America. Among various verticals deploying the 3D printing technology, the aerospace and defense industry accounted for the major share of the market in 2016. The aerospace industry offers tremendous opportunity for 3D printing technologies and holds a promising market potential in the coming future. The stringent requirements such as lightweight components, and accurate and precise designs of airplane parts are the major factors driving the growth of the 3D printing market for the aerospace industry. The 3D printing service market is expected to grow at the highest CAGR during the forecast period due to expected increase in the demand for custom designs and manufacturing of customized functional parts from the end-user industries.

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