September 13, 2022 05:58 ET | Source: Research and Markets Research and Markets
Dublin, Sept. 13, 2022 (GLOBE NEWSWIRE) -- The "Selective Laser Sintering Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering. The global selective laser sintering market reached a value of US$ 2.01 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 6.67 Billion by 2027, exhibiting a CAGR of 22.13% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor. Selective laser sintering (SLS) refers to three-dimensional (3D), powder-based additive manufacturing (AM) technology that employs a high-powered laser to melt or fuse small particles of polymer and nylon powders into a solid structure. It aids in providing high mechanical load capacity, collecting detailed coordinates of the model from computer-aided design (CAD) software, and avoiding complex design failures during production processes, thus reducing operational costs.
On account of these properties, SLS is extensively used by manufacturers and engineers in the commercial sector for prototyping functional components and producing small polymers. Currently, SLS is commercially available in varying material forms and laser types, such as solid and gas. Selective Laser Sintering Market Trends:
The global SLS market is driven by the increasing need for effective printing solutions across various industrial verticals for manufacturing and designing heavy equipment parts at reduced costs and duration. For instance, in the aerospace industry, SLS is extensively deployed for melting metal and non-metallic powders for prototyping, shaping parts, manufacturing functional parts, and constructing building systems.
Additionally, with the rapid expansion in the electronics sector, there has been a rising demand for consumer electronics. This, in turn, has facilitated the uptake of SLS to design global positioning systems (GPS) and dishwasher exterior bodies, which is contributing to the market growth.
Moreover, the introduction of direct metal laser sintering (DMLS) that uses a computer-operated, high-power laser beam to melt and fuse together layers of metallic powder are propelling the market growth. This industrial printing process assists in accelerating production and building fully functional, rapid metal prototypes, while reducing tooling and operational costs.
Other factors, such as strategic collaborations amongst key players and continuous investments in the research and development (R&D) activities to manufacture advanced SLS production tools, such as molds and jigs, are creating a positive outlook for the market.
The competitive landscape of the industry has also been examined along with the profiles of the key players being 3D Systems Inc., EOS GmbH Electro Optical Systems, Farsoon Americas Corp, Fathom Manufacturing, Formlabs Inc., Nexa3d Inc., Prodways Group, Renishaw plc, Ricoh Company Ltd., Sharebot S.r.l., Sinterit sp. z o.o and Sintratec AG. Key Questions Answered in This Report:
Key Topics Covered: 1 Preface 2 Scope and Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Selective Laser Sintering Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market Breakup by Type 6.1 Metal 6.1.1 Market Trends 6.1.2 Market Forecast 6.2 Plastic 6.2.1 Market Trends 6.2.2 Market Forecast 7 Market Breakup by Application 7.1 Automotive 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 Aerospace 7.2.1 Market Trends 7.2.2 Market Forecast 7.3 Defense 7.3.1 Market Trends 7.3.2 Market Forecast 7.4 Others 7.4.1 Market Trends 7.4.2 Market Forecast 8 Market Breakup by Region 9 SWOT Analysis 10 Value Chain Analysis 11 Porters Five Forces Analysis 12 Price Analysis 13 Competitive Landscape 13.1 Market Structure 13.2 Key Players 13.3 Profiles of Key Players 13.3.1 3D Systems Inc. 13.3.1.1 Company Overview 13.3.1.2 Product Portfolio 13.3.2 EOS GmbH Electro Optical Systems 13.3.2.1 Company Overview 13.3.2.2 Product Portfolio 13.3.2.3 SWOT Analysis 13.3.3 Farsoon Americas Corp 13.3.3.1 Company Overview 13.3.3.2 Product Portfolio 13.3.4 Fathom Manufacturing 13.3.4.1 Company Overview 13.3.4.2 Product Portfolio 13.3.5 Formlabs Inc. 13.3.5.1 Company Overview 13.3.5.2 Product Portfolio 13.3.6 Nexa3d Inc. 13.3.6.1 Company Overview 13.3.6.2 Product Portfolio 13.3.7 Prodways Group 13.3.7.1 Company Overview 13.3.7.2 Product Portfolio 13.3.7.3 Financials 13.3.8 Renishaw plc 13.3.8.1 Company Overview 13.3.8.2 Product Portfolio 13.3.8.3 Financials 13.3.9 Ricoh Company Ltd. 13.3.9.1 Company Overview 13.3.9.2 Product Portfolio 13.3.9.3 Financials 13.3.9.4 SWOT Analysis 13.3.10 Sharebot S.r.l. 13.3.10.1 Company Overview 13.3.10.2 Product Portfolio 13.3.11 Sinterit sp. z o.o 13.3.11.1 Company Overview 13.3.11.2 Product Portfolio 13.3.12 Sintratec AG 13.3.12.1 Company Overview 13.3.12.2 Product Portfolio For more information about this report visit https://www.researchandmarkets.com/r/84k2fo