India Metal 3D Printing Market Size & Outlook, 2023-2030
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India metal 3d printing market highlights
- The India metal 3d printing market generated a revenue of USD 23.3 million in 2023 and is expected to reach USD 125.2 million by 2030.
- The India market is expected to grow at a CAGR of 27.1% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Services is the most lucrative component segment registering the fastest growth during the forecast period.
Metal 3d printing market data book summary
| Market revenue in 2023 | USD 23.3 million |
| Market revenue in 2030 | USD 125.2 million |
| Growth rate | 27.1% (CAGR from 2024 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Services |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hardware, Software, Services |
| Key market players worldwide | Cognex Corp, Keyence Corp, SICK, Inc, ISRA VISION, Basler AG |
Other key industry trends
- In terms of revenue, India accounted for 0.3% of the global metal 3d printing market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan metal 3d printing market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 3,127.3 million by 2030.
The Indian aerospace & defense, automotive sectors are currently at the forefront that are making use of the metal additive manufacturing technology for developing prototypes as well as to carry out scientific investigations in the respective industries.
Indian market is likely to witness significant growth given the rapid penetration of advanced technologies in the India’s manufacturing sector. Maruti and Tata Motors are currently making use of metal additive manufacturing technology to develop prototypes for their automobiles.
In the aerospace sector, the major aircraft manufacturer in India, Hindustan Aeronautics Ltd (HAL), is using the metal AM technology to manufacture numerous components for its indigenous engine program. For instance, HAL is adopting direct metal laser sintering (DMLS) technique to produce components for its Hindustan Turbofan Engine-25 (HTFE-25).
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Publish Date: Jul 26, 2024
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Metal 3D Printing Market Scope
Metal 3D Printing Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Cognex Corp | View profile | 2,992 | One Vision Drive, Natick, MA, United States, 01760-2059 | www.cognex.com |
| Keyence Corp | View profile | 10,580 | 1-3-14, Higashi-nakajima, Higashi-Yodogawa, Osaka, Japan, 533-8555 | www.keyence.co.jp |
| Basler AG | View profile | 1,059 | An der Strusbek 60-62, Ahrensburg, SH, Germany, 22926 | www.baslerweb.com |
| ISRA VISION | View profile | 1001-5000 | Darmstadt, Hessen, Germany, Europe | www.isravision.com/en/ |
| SICK, Inc | View profile | 10001+ | Minneapolis, Minnesota, United States, North America | www.sick.com/us/en/ |
India Metal 3D Printing Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Metal 3D Printing Market Outlook will help companies and investors design strategic landscapes.
Hardware was the largest segment with a revenue share of 66.52% in 2023.
Horizon Databook has segmented the India metal 3d printing market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
The Indian aerospace & defense, automotive sectors are currently at the forefront that are making use of the metal additive manufacturing technology for developing prototypes as well as to carry out scientific investigations in the respective industries.
Indian market is likely to witness significant growth given the rapid penetration of advanced technologies in the India’s manufacturing sector. Maruti and Tata Motors are currently making use of metal additive manufacturing technology to develop prototypes for their automobiles.
In the aerospace sector, the major aircraft manufacturer in India, Hindustan Aeronautics Ltd (HAL), is using the metal AM technology to manufacture numerous components for its indigenous engine program. For instance, HAL is adopting direct metal laser sintering (DMLS) technique to produce components for its Hindustan Turbofan Engine-25 (HTFE-25).
- India Metal 3D Printing Market Component Outlook (Revenue, USD Million , 2018-2030)
- Hardware
- Software
- Services
- India Metal 3D Printing Market Printer Type Outlook (Revenue, USD Million , 2018-2030)
- Desktop Printer
- Industrial Printer
- India Metal 3D Printing Market Vertical Outlook (Revenue, USD Million , 2018-2030)
- Desktop Metal 3D Printing
- Industrial Metal 3D Printing
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Horizon Databook provides a detailed overview of country-level data and insights on the India Metal 3D Printing Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into India Metal 3D Printing Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
India Metal 3D Printing Market, 2018-2030 (US$M)
India metal 3d printing market statistics, by component, 2018-2030 (US$M)
