South Korea Metal 3D Printing Market Size & Outlook
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South Korea metal 3d printing market highlights
- The South Korea metal 3d printing market generated a revenue of USD 326.7 million in 2023 and is expected to reach USD 1,830.1 million by 2030.
- The South Korea market is expected to grow at a CAGR of 27.9% from 2024 to 2030.
- In terms of segment, hardware was the largest revenue generating component in 2023.
- Software 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 326.7 million |
| Market revenue in 2030 | USD 1,830.1 million |
| Growth rate | 27.9% (CAGR from 2024 to 2030) |
| Largest segment | Hardware |
| Fastest growing segment | Software |
| 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, South Korea accounted for 4.2% 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.
South Korea has experienced a significant rise in the adoption and integration of 3D printing technology. The government's Manufacturing Innovation 3.0 strategy has placed additive manufacturing (AM) at the forefront, driving the country's involvement in AM since the post-2010s. This initiative aims to modernize manufacturing and foster smart factories, leading to the integration of 3D printing technology.
The growth of 3D printing in South Korea is evident through the presence of approximately 400 active AM companies across various industries, including medical, aerospace, defense, automotive, and more. These companies are diversifying their applications of AM, showcasing the country's commitment to advancing technology.
The Korean government has also shown support for the development of 3D printing. The Ministry of Science and ICT has made a substantial $70 million investment in research and development (R&D) for 3D printing technology in 2023. This investment highlights the government's dedication to fostering innovation and driving the growth of the 3D printing industry.
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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/ |
South Korea 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 56.93% in 2023.
Horizon Databook has segmented the South Korea metal 3d printing market based on hardware, software, services covering the revenue growth of each sub-segment from 2018 to 2030.
South Korea has experienced a significant rise in the adoption and integration of 3D printing technology. The government's Manufacturing Innovation 3.0 strategy has placed additive manufacturing (AM) at the forefront, driving the country's involvement in AM since the post-2010s. This initiative aims to modernize manufacturing and foster smart factories, leading to the integration of 3D printing technology.
The growth of 3D printing in South Korea is evident through the presence of approximately 400 active AM companies across various industries, including medical, aerospace, defense, automotive, and more. These companies are diversifying their applications of AM, showcasing the country's commitment to advancing technology.
The Korean government has also shown support for the development of 3D printing. The Ministry of Science and ICT has made a substantial $70 million investment in research and development (R&D) for 3D printing technology in 2023. This investment highlights the government's dedication to fostering innovation and driving the growth of the 3D printing industry.
- South Korea Metal 3D Printing Market Component Outlook (Revenue, USD Million , 2018-2030)
- Hardware
- Software
- Services
- South Korea Metal 3D Printing Market Printer Type Outlook (Revenue, USD Million , 2018-2030)
- Desktop Printer
- Industrial Printer
- South Korea Metal 3D Printing Market Vertical Outlook (Revenue, USD Million , 2018-2030)
- Desktop Metal 3D Printing
- Industrial Metal 3D Printing
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Horizon Databook provides a detailed overview of country-level data and insights on the South Korea Metal 3D Printing Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into South Korea Metal 3D Printing Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
South Korea Metal 3D Printing Market, 2018-2030 (US$M)
South Korea metal 3d printing market statistics, by component, 2018-2030 (US$M)
