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3D Printing: Gartner and IDC Forecast “White Hot” Market Growth
There has been huge growth in the 3D printer market in the US with hardware revenues expected to grow to $1.5 billion by 2019, according to research from International Data Corporation (IDC). Gartner also predicts huge growth and estimates that shipments this year of 3D printers will be up about 240,000 units, an increase of 129 percent over 2014. By 2019, Gartner forecasts that there will be more than 5.6 million units shipped.
Pete Basiliere, Gartner analyst, said that “rapid quality and performance innovations across all 3D printer technologies are driving both enterprise and consumer demand, with unit shipment growth rates for 3D printers increasing significantly. The 3D printer market is continuing its transformation from a niche market to a broad-based, global market of enterprises and consumers.”
Other findings from the IDC report include:
- Key patents in the area of stereolithography, a technology needed for 3D printing, expired in 2014. Some of this technology would enable faster and larger 3D printers and will further drive growth.
- MultiJet/PolyJet 3D printer technologies are fueling much of the current growth in the market, averaging 30 percent annually
- Laser Sintering (SLS) technology is new but growing rapidly
Tim Greene, research director at IDC, said that “the technologies that enable 3D printing continue to develop and expand in nearly every direction. These technologies can help deliver larger, more accurate, and more solidly built models in a fraction of the time.”
