Slicing Software Market Research Report: By Product Type, Deployment, Application, Technology, Industry - Global Industry Analysis and Growth Forecast to 2030
- September 2020 •
- 280 pages •
- Report ID: 5987932 •
- Format: PDF
The adoption of 3D printing has increased across various industries, including construction, manufacturing, automotive, and aerospace, over the past few years. The rising investments by public and private sector, growing requirement for improved product manufacturing processes, increasing need for mass customization, and surging demand for swift prototyping are the key reasons for the increasing adoption of 3D printing around the world. The technology is being utilized for a number of applications, including 3D-printed vehicle seats, 3D-printed aircraft components, and 3D-printed prosthetics and implants.
Since the adoption of this technology has increased considerably, users are now also adopting innovative 3D printers for accurate prototyping and improved production capacity. Because of this, the global slicing software market is projected to generate a revenue of $2,202.5 million by 2030, increasing from $422.2 million in 2019, exhibiting a 16.7% CAGR during the forecast period (2020–2030). After the CAD software is used for designing the object that needs to be printed, the creation has to be sliced.
This is done by using slicing software, where the software efficiently translates the 3D drawing into something which can be understood and printed by the 3D printer. As 3D printers do not have the ability to translate a CAD drawing on their own, a slicing software is important for 3D printing. The major applications of slicing software are tooling, prototyping, and functional part manufacturing, out of which, the prototyping application created the largest demand for the software in 2019.
The software is further predicted to be used the most for prototyping in the coming years as well. The slicing software enables designers to generate several design iterations rapidly and further allows to change the product design according to the needs of the customer. A number of industries are utilizing the slicing software these days, namely jewelry, aerospace & defense, healthcare, consumer products, automotive, architecture & construction, and education.
The aerospace & defense made the most use of slicing software in the past, owing to the extensive adoption of the 3D printing technology for creating lighter and stronger parts. In the industry, the slicing software is used for making air ducts, bezels, engine compartments, cabin accessories, and lights. Other than this, the healthcare industry is also projected to make significant usage of the slicing software in the years to come. The 3D printing technology is being used extensively for designing medical products and surgical equipment, thereby driving the demand for slicing software.
Geographically, the slicing software market is being led by North America, owing to the easy availability of skilled labor, extensive adoption of technologies, need for reliable technology to produce solid objects, usage of new materials, and growing adoption of 3D printing by various industries , including oil & gas, healthcare, and education. Furthermore, the Asia-Pacific region is also projected to create increased demand for slicing software in the years to come due to the growing adoption of 3D printing.
Hence, the surging use of 3D printing in industries is driving the need for slicing software across the globe.