Selective laser sintering (SLS) technology market is projected to grow at a considerable CAGR of around 12% during the forecast period. The increase in demand for 3D printing in aerospace & defense, automotive, medical & dental, and other industrial sectors coupled with the advantage of using SLS technology is the key driver of the market growth. This is due to the fact that the possibility of the customized manufacturing of parts has offered manufacturers to unlock new revenue streams in a variety of applications. Further, reduced prices of 3D printers along with the availability of advanced raw materials including stainless steel powder have made major contributions to the market growth across the globe.
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The aerospace industry was one of the early adopters of 3D printing technology, thus looking towards the huge potential of 3D printing metal technology in the aerospace industry hence, the major aerospace industry players are actively involved in using additive manufacturing technology. For instance, EOS GmbH Electro Optical Systems and Airbus Group had collaborated to design titanium-based 3D printed nacelle hinges that save 40% more fuel than their traditionally manufactured counterparts.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Selective Laser Sintering (SLS) Technology Market Segmentation
By Material Type
- Polymer
- Metal
- Other
By End-User industry
- Automobile
- Aerospace and Defense
- Healthcare
- Electronics
- Others
Global Selective Laser Sintering (SLS) Technology Market Segmentation by region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of the Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
The Report Covers
- Market value data analysis of 2018 and forecast to 2025.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global SLS technology market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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