Tag: defense

3D printing market to cross US$35b in 2020

IDC3D printing continues to gain traction globally and the market is expected to more than double to reach US$35.4 billion in 2020, according to IDC.

While 3D printers and materials will represent nearly half the total worldwide revenues throughout the IDC forecast, software and related services will also experience significant growth.

Revenues for computer-aided design (CAD) software are forecast to triple over the five-year forecast period while the market for on-demand parts services will nearly match this growth. The gains in both software and on-demand parts printing are being driven by the rapidly expanding use of 3D printing for design prototyping and products that require a high degree of customization in non-traditional environments.