Selective Laser Sintering Equipment Market is forecast to reach $954 million by 2025, growing at a CAGR 19.6% from 2020 to 2025. Selective laser sintering is a type of 3D printing technology used for the construction of three-dimensional solid models used in the powder bed fusion process. In selective laser sintering, a high-powered laser is used in a three-dimensional structure to harden and bond small grains of elastomer and nylon materials into layers. The laser beam collects detailed coordinates of the model from a CAD drawing in selective laser sintering equipment and is added as per the powder bed requirement. Once the layer is completed, the surface is powdered again, and this process is repeated until the model is finished. The main advantage of this technique is that it does not require the support structure required by several other printing technologies to prevent the design from caving in during production. In addition, it enables the construction of complex interior components and components by eradicating the risk of damage. Due to the easy availability of metal and non-metal powders to generate prototype models and parts, the adoption of laser sintering printers has increased.
Selective Laser Sintering Equipment Market Segment Analysis – By Material
During the forecast period metal based selective laser sintering equipment is expected to grow at a CAGR of 22.5%. Increasing demand for selective laser sintering equipment for prototyping and functional prototyping are key factors contributing to the growth of this market due to its ability to produce parts with good mechanical properties and a high level of detail. Selective laser sintering equipment requires no support for building objects, unlike other 3D printing technologies, which makes it more useful across various areas of application. Due to the large demand for sophisticated, accurate and complex designs in the aerospace, aeronautics and healthcare industries (for medical devices and surgical instruments), in the coming years, metal-based selective laser sintering equipment are expected to see increased global adoption.
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Selective Laser Sintering Equipment Market Segment Analysis – By End-User
Consumer Electronics is projected to grow during the forecast period at the highest CAGR. Selective laser sintering devices are widely used in the prototyping and functional prototyping of consumer electronic devices, such as the development of prototypes for GPS products, the design of perfume bottles, the design of washing machines and exterior bodies for dishwashers, the design of mobile phone accessories such as phone cases and connectivity cables, the design of toys, the design of mixer grinders, the design of bicycles, designing parts of consumer electronic devices, etc. In the consumer goods industry, key players such as EOS, 3D Systems, Farsoon, and Ricoh offer selective laser sintering equipment that is widely used.
Selective Laser Sintering Equipment Market Segment Analysis – By Geography
North America is expected to dominate the global Selective Laser Sintering Equipment market with a share of more than 35%. One of the leading adopters of selective laser sintering printers, North America is considered to be one of the largest selective laser sintering markets. The demand in North America is mainly driven by a greater focus on innovations in several industries through R&D and increased testing. The region has been known to be a pioneer in innovation, because of which there is a high demand for prototyping. Investment in R&D, in new and emerging technologies in the region, is relatively high in order to help the region maintain market dominance. In addition, the region has a strong footprint among the vendors in the market. 3D Systems and Prodways Group are some of them.
Selective Laser Sintering Equipment Market Drivers
Research and Development in various Industries
R&D across various industries has benefited from the advancement of the selective laser sintering industry, and in the coming years, the automotive industry is expected to continue to be the largest consumer of selective laser sintering equipment. Industries such as automotive and aerospace and defense require constant prototyping to study different characteristics. Compared to laser sintering printers, existing prototyping techniques need more time to archive the model’s same level of accuracy. In addition, businesses are no longer required to produce and save the molds for prototyping. Any correction to the model can also be made instantly, which is why selective laser sintering is preferred.
Reduced manufacturing cost and time to market
To develop prototypes for use across industries, a wide range of 3D printing technologies are being used, such as filament-based fused deposition modelling (FDM) that produces plastic prototypes; laser curing processes that make photopolymer resin components; and powder bed fusion machines that produce dense metal and plastic components. Selective laser sintering and direct metal laser sintering among these technologies can cut costs through accelerated production; reduced tooling costs and process work; less waste; and parts that, despite being lightweight, remain strong. Multiple companies consume selective laser sintering-printed end-use parts. For example, in its Juno spacecraft that is currently in orbit around Jupiter, Lockheed Martin uses over a dozen 3D-printed waveguide support brackets. The use of selective laser sintering technology helps companies around the world reduce their manufacturing costs and reduce time to market, from automotive to aerospace.
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Selective Laser Sintering Equipment Market Challenges
Shrinkage Issue in Parts
The material used to create the 3D prototype in selective laser sintering is in powdered form and is generally made of nylon material. After being converted into a prototype, these powdered materials are reduced. Different factors such as the type of powder used, the power level of the laser used in the process, and the cooling process used compel this shrinkage issue. There is no symmetrical shrinkage, it can take place in any part. The quality of the prototype created by the printer can be reduced by this issue. Shrinking parts may therefore hinder market growth during the forecast period for selective laser sintering equipment.
Selective Laser Sintering Equipment Market Landscape
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in Selective Laser Sintering Equipment Market. Selective Laser Sintering Equipment Market is expected to be dominated by major companies such as 3D Systems, Farsoon Technologies, Stratasys, Fromlabs, Sculpteo, Sharebot srl, Prodways Group, Sinterit sp. z o.o., Renishaw Plc. ,Natural Robotics, Ricoh Company, Others
In March 2018, Farsoon Technologies signed an agreement with Oerlikon to supply Farsoon additive manufacturing metal systems with qualified Oerlikon AM metal powders.
In March 2019, For large thermoplastic parts, CIDEAS has invested in EOS 3D printing technology. CIDEAS serves businesses, including aerospace, healthcare, and consumer products, within a host of vertical markets.
In April 2019, To develop a scale model of its current and future facilities, Enoc partnered with Generation 3D. Generation 3D used 3D-printing technology for this project with selective laser sintering.
The market for selective laser sintering equipment is expected to grow, driven by the increasing adoption in several verticals of selective laser sintering equipment, such as consumer goods, aerospace, automotive, healthcare.
Increasing demand for prototyping and functional prototyping selective laser sintering equipment are key factors contributing to the growth of this market due to its ability to manufacture parts with good mechanical properties and a high level of detail.
Consumer Electronics is projected to grow at the highest CAGR during the forecast period. In the prototyping and functional prototyping of consumer electronic devices, selective laser sintering devices are widely used, such as in the development of prototypes for GPS products.
The demand in North America is mainly driven by a greater focus on innovations through R&D and increased testing in several industries.
Companies are no longer required to produce and save prototype molds. It is also possible to make any corrections to the model immediately, which is why selective laser sintering is preferred.
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