|By Marketwired .||
|April 29, 2014 07:30 AM EDT||
BOSTON, MA -- (Marketwired) -- 04/29/14 -- Driven by growth in diverse industries including aerospace, medical, automotive, consumer products, architecture and electronics, the total 3D printing (3DP) market will nearly quadruple to $12 billion in 2025, according to Lux Research. Printers alone will be worth $3.2 billion, while $2 billion will represent formulated materials; $7 billion will come from the value of parts produced, according to Lux's model.
"Consumer uses of 3D printing attract most of the headlines, but industrial uses, from molds and tooling to actual production parts, are quietly having the greatest impact," said Anthony Vicari, Lux Research Associate and the lead author of the report titled, "How 3D Printing Adds Up: Emerging Materials, Processes, Applications, and Business Models."
"However, the field is still just getting started; advances in processing and printable materials technology are still necessary for future growth," he added.
Lux Research analysts developed a model incorporating industry-specific material and market requirements, historical adoption rates of new materials, and inputs from interviews with nearly 100 entities throughout the 3D printing value chain. Among their findings:
- Razor/blade model is a hurdle. Much like conventional "2D" printer makers, 3D printer companies often sell formulated materials at a steep mark-up -- 10 times to 100 times. This approach was tolerable when companies only used 3D printers for prototyping, but it remains a major impediment to the use of 3DP for production parts, as leaders such as 3D Systems, Stratasys, and EOS restrict third-party materials suppliers from entering the market.
- Four printer companies dominate the market. On the Lux Innovation Grid, only four printer companies placed in the "Dominant" category, based on technical and business scores. They are: 3D Systems, Stratasys, EOS and Arcam. The four hold a combined 31% printer market share. Of these, Arcam is distinguished by its open materials supply model. Among independent materials suppliers, a clutch of companies -- Raymor Industries, Taulman 3D, Made Solid and Ceralink, among them -- offers "high potential," but none is dominant.
- Expiring patents will trigger growth. In 2006, expiration of several early patent families enabled the emergence of lower-cost desktop printers from companies like Makerbot, as well as consumer-facing 3DP services like Shapeways, raising popular interest in the technology. An even bigger shift is coming as patents on other key 3D printing technologies start to expire over the next three years, lowering costs for those methods and widening the range of capabilities available to users.
The report titled, "How 3D Printing Adds Up: Emerging Materials, Processes, Applications, and Business Models," is part of the Lux Research Advanced Materials Intelligence service.
About Lux Research
Lux Research provides strategic advice and on-going intelligence for emerging technologies. Leaders in business, finance and government rely on us to help them make informed strategic decisions. Through our unique research approach focused on primary research and our extensive global network, we deliver insight, connections and competitive advantage to our clients. Visit www.luxresearchinc.com for more information.
Image Available: http://www2.marketwire.com/mw/frame_mw?attachid=2577701
Lux Research, Inc.
Samsung VP Jacopo Lenzi, who headed the company's recent SmartThings acquisition under the auspices of Samsung's Open Innovaction Center (OIC), answered a few questions we had about the deal. This interview was in conjunction with our interview with SmartThings CEO Alex Hawkinson. IoT Journal: SmartThings was developed in an open, standards-agnostic platform, and will now be part of Samsung's Ope...
Oct. 26, 2014 01:00 AM EDT Reads: 2,707
Explosive growth in connected devices. Enormous amounts of data for collection and analysis. Critical use of data for split-second decision making and actionable information. All three are factors in making the Internet of Things a reality. Yet, any one factor would have an IT organization pondering its infrastructure strategy. How should your organization enhance its IT framework to enable an In...
Oct. 25, 2014 05:00 PM EDT Reads: 1,731
The major cloud platforms defy a simple, side-by-side analysis. Each of the major IaaS public-cloud platforms offers their own unique strengths and functionality. Options for on-site private cloud are diverse as well, and must be designed and deployed while taking existing legacy architecture and infrastructure into account. Then the reality is that most enterprises are embarking on a hybrid cloud...
Oct. 25, 2014 11:45 AM EDT Reads: 1,852
In her General Session at 15th Cloud Expo, Anne Plese, Senior Consultant, Cloud Product Marketing, at Verizon Enterprise, will focus on finding the right mix of renting vs. buying Oracle capacity to scale to meet business demands, and offer validated Oracle database TCO models for Oracle development and testing environments. Anne Plese is a marketing and technology enthusiast/realist with over 19...
Oct. 25, 2014 10:00 AM EDT Reads: 1,731
StackIQ offers a comprehensive software suite that automates the deployment, provisioning, and management of Big Infrastructure. With StackIQ’s software, you can spin up fully configured big data clusters, quickly and consistently — from bare-metal up to the applications layer — and manage them efficiently. Our software’s modular architecture allows customers to integrate nearly any application wi...
Oct. 25, 2014 10:00 AM EDT Reads: 1,791
As Platform as a Service (PaaS) matures as a category, developers should have the ability to use the programming language of their choice to build applications and have access to a wide array of services. Bluemix is IBM's open cloud development platform that enables users to easily build cloud-based, creative mobile and web applications without having to spend large amounts of time and resources o...
Oct. 25, 2014 08:00 AM EDT Reads: 1,799
The Internet of Things will greatly expand the opportunities for data collection and new business models driven off of that data. In her session at Internet of @ThingsExpo, Esmeralda Swartz, CMO of MetraTech, will discuss how for this to be effective you not only need to have infrastructure and operational models capable of utilizing this new phenomenon, but increasingly service providers will nee...
Oct. 24, 2014 09:30 PM EDT Reads: 1,447
When you set off to build an app that will change the world, designing your system architecture to be reliable and scalable is important but the stark reality is that, for your MVP, you probably had a “need for speed” (of development). You didn’t know what all the axes were to scale your application, where your stress points would be, and what weird and wonderful ways your customers would use it d...
Oct. 24, 2014 09:00 PM EDT Reads: 1,278
Compute virtualization has been transformational, yet security policy implementation and enforcement has lagged behind in agility and automation. There are a number of key considerations when implementing policy in private and hybrid clouds. In his session at 15th Cloud Expo, Holland Barry, VP of Technology at Catbird, will discuss the impact of this new paradigm and what organizations can do to...
Oct. 24, 2014 07:00 PM EDT Reads: 1,549
SYS-CON Events announced today that Red Hat, the world's leading provider of open source solutions, will exhibit at Internet of @ThingsExpo, which will take place on November 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA. Red Hat is the world's leading provider of open source software solutions, using a community-powered approach to reliable and high-performing cloud, Linux, ...
Oct. 23, 2014 11:30 PM EDT Reads: 1,742