Conventional and Rapid Prototyping Market Share, Growth, Trends, and Forecast, 2

1. We use cookies for a better user experience. Read our Privacy Policy I Agree Search report Keywords Home / Electronics and Semiconductors / Semiconductor / Conventional and Rapid Prototyping Market Conventional and Rapid Prototyping Market Rep Id : TMRGL84833 Conventional and Rapid Prototyping Market (Process: Subtractive and Additive; and Type: Proof-of-Concept June 2022 Functional Prototype, Visual Prototype, and Others) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031 Electronics and Semiconductors 324 Pages Report Preview Table of Content Transparency Plus Request FREE Sample Conventional and Rapid Prototyping Market Outlook 2031 The globalconventional and rapid prototyping market was valued at US$ 22.11 Bn in 2021 It is estimated to grow at a CAGR of 14.4% from 2022 to 2031 Select License Type The globalconventional and rapid prototyping market is expected to reach US$ 78.41 Bn by the end of 2031 Single User license $5795 Analysts’ Viewpoint on Conventional and Rapid Prototyping Market Scenario Multi-User license $8795 Prototyping plays a vital role in converting a virtual model into physical output. It is the final and Corporate license $11795 important aspect in the product development process. Prototyping allows for design testing and Buy Now evaluation; and identification and elimination of potential issues before mass manufacture. It highlights any challenges with the initial design, associated mechanisms or electronics, functionality, Safe and Secure SSL Encrypted and manufacturing process. The conventional and rapid prototyping market is projected to grow at a Get A Special pricing for start-ups and universities. significant CAGR of 14.4% during the forecast period. Industry leaders are engaged in providing innovative product prototyping services in order to gain competitive edge. CNC machining has been widely used for prototyping for several decades; however, additive manufacturing (3D printing) is Request Discount

2. gaining traction. It is being used by numerous small- and medium-sized enterprises. Key technologies such as FDM, SLS and MJF are also being extensively deployed in SME enterprises. - Need More Info? - Enquiry Before Buying Request Methodology Ask References Free Customization - Want to customize this report? - We employ Market Analysis, Benchmarking, Corporate Intelligence, and Technological understand specific requirements and customize report with a quick turnaround time in a dynamic business environment. Intelligence to Overview of Conventional and Rapid Prototyping Market Product prototyping is used to rapidly produce physical part of the product directly from its CAD We offer 100% Free Customization at the time of purchase model, using subtractive and additive manufacturing methods. It can be used for any product development cycle for components or sub-components. Product prototype and design testing is an integral part of new product development. Product prototyping is widely adopted for visual Connect To Analyst prototyping, concept modeling, functional prototyping, pre-production prototyping, and production tool prototyping. It offers several benefits such as reduction in design & development time, decrease in overall product development cost, and elimination or reduction of risk. It enables - Trusted Partners - functionality testing at low cost, and improves and increases user involvement during design stages of product development. Request a sample to get extensive insights into the Conventional and Rapid Prototyping Market

3. Rise in Demand for Complex Geometries with Intricate Details Driving Conventional and Rapid Prototyping Market Quick Contact 866-552-3453 High volume of production and geometrical complexity of components are hampering the usage +1-518-618-1030 of traditional prototyping methods. Hence, customers are compelled to adopt processes and Contact by email instruments that drive the final cost of the element being manufactured. Additive manufacturing techniques offer significant competitive advantages; they adapt to the geometrical complexity and bespoke design of the part that is to be created. Elegant geometrical forms, hollow interiors, Why trust Us? internal channels, varied thicknesses, and irregular shapes can be manufactured accurately by 3D 5 Million+ Market Data printing technologies using a geometrical template created from a 3D CAD. Products that are exactly the same or completely different can be obtained without affecting the process or incurring additional expenditure. This customization is one of the most important current developments in the production of high-value products. - Related Reports - Additive prototyping also offers various benefits that include light weight products, multilateral Energy Measurement IC Market products, ergonomic products, efficient and short production runs, and fewer assembly errors. NFC Chip Market Several key players are launching innovative 3D printing services to gain competitive edge. In GaN Semiconductor Devices Market January 2020, Zortrax launched 3D printing service to expand the company’s entire product Printed Electronics Market portfolio. The service includes prototyping, tooling, or end-use product application. The company aims to expand its printing capability in order to cater to a wide range of applications, from dental Transformer Market and jewelry products to electronic housings and automotive parts. Increase in Adoption of Conventional and Rapid Prototyping in Medical Devices and Instrumentation Surgical fasteners, scalpels, retractors, and display systems are some of the medical devices that have been upgraded with the use of 3D technology. Prototyping technology is employed in the manufacture of medical equipment in addition to the design of these devices. Additive technologies are suitable for devices that need to be customized for a specific patient. Stereolithography or selective laser sintering is used to design a majority of hearing aids. Replacement of teeth is another area where rapid prototyping service is used.

4. Rapid prototyping materials are used in prosthetics. Prostheses are also custom-made for patients. Rapid prototyping materials are used to create models of complex organs in the body. Surgeons employ these models to acquire a realistic sense of structures before performing a surgical procedure. Stereolithography is a widely utilized technology for this application. The model's most trustworthy features, such as transparency and color resin developments, enable a clear distinction between tumors and any other external growth in the body. In August 2021, Trelleborg Group announced the launch of its Healthcare & Medical Rapid Development Center for design, rapid prototyping, development, and serial production. It ensures cost control and scalability of customers’ solutions. This Rapid Development Center has been built to accelerate time to market, reduce the production cost of parts that are already in the market, and enhance the transition from design to serial production of products. Rapid prototyping is also employed in tissue engineering and manufacture of biologically active implants. Selective laser sintering of ceramics is used in this application. This is boosting the adoption of conventional and rapid prototyping in the medical sector. Higher Structural Integrity of Subtractive or Traditional Prototyping Process to Boost Market In terms of process, the global conventional and rapid prototyping market has been bifurcated into subtractive (traditional prototyping) and additive (rapid prototyping). The subtractive (traditional prototyping) segment held major share of 60.21% of the market in 2021. It is projected to grow at a CAGR of 14.1% during the forecast period. The CNC machining sub-segment of the subtractive segment accounted for prominent share of 62.18% in 2021. Subtractive prototyping yields higher structural integrity, which is important if the prototype is to be used in product testing. Growth in Demand for Functional Prototype in Large-scale Manufacturing of Designs In terms of type, the global conventional and rapid prototyping market has been classified into proof-of-concept (PoC) prototype, functional prototype, visual prototype, and others. The functional prototype segment dominated the global conventional and rapid prototyping market

5. with 43.18% share in 2021. Furthermore, the segment is expected to grow at a CAGR of 15% during the forecast period. Functional prototype is usually a subsystem of a product and enables the testing of functional aspects. Functional prototypes offer a new way for design engineers to test designs before manufacturing them on a large scale. Creating functional or quick visual prototypes is an essential step of the development process. The making of a functional and working prototype is an essential part of any product development. It is integral to the process of testing, trials, pitching, and market research for many companies. Regional Outlook of Global Conventional and Rapid Prototyping Market North America dominated the global conventional and rapid prototyping market with 34.36% share in 2021. The market in the region is estimated to grow at a CAGR of 15.1% during the forecast period. Rise in expenditure on lifecycle stage and research and development, particularly in the U.S. and Canada, is primarily driving the market in North America. Asia Pacific and Europe are also key regions of the global conventional and rapid prototyping market. These regions held value share of 30.27% and 25.80%, respectively, in 2021. Automotive, healthcare, and consumer goods & electronics industries in Asia Pacific and Europe are witnessing a surge in demand for conventional and rapid prototyping. Middle East & Africa is a larger market for conventional and rapid prototyping than South America. The market in Middle East & Africa is projected to grow at a CAGR of 12.2% during the forecast period. Analysis of Key Players in Global Conventional and Rapid Prototyping Market The global conventional and rapid prototyping market is highly fragmented, with a large number of large-scale and small scale vendors controlling a majority of the share. Most of the firms are investing significantly in comprehensive research and development activities. Expansion of product portfolios and mergers and acquisitions are major strategies adopted by key players. ARRK North America, Inc., Avid Product Development, LLC, CADX Tools & Technologies Pvt. Ltd., Core Molding Technologies, Inc., Fathom Digital Manufacturing Corporation, Fictiv, IMAGE MODEL Company Limited, Materialise NV, Model Solution Co., Ltd., Proto Labs, Inc., ProtoCAM, Renishaw

6. plc, Sandvik AB, Star Rapid., Ltd, Xometry Europe GmbH, and Quickparts are the prominent entities operating in the market. Request a custom report on Conventional and Rapid Prototyping Market Key Developments in Global Conventional and Rapid Prototyping Market In October 2021, Protolabs, Inc. announced that it had increased its additive manufacturing footprint in Raleigh, N.C., the U.S. The additional location would help meet the rising demand for Protolab’s 3D printing services. In May 2020, Materialise NV launched Mindware, an advisory service for 3D printing to address business needs and challenges in order to bring innovation to market in record time and enable mass production of customized products On April 01, 2020, ARRK North America, Inc. began its business after the merger of ARRK Product Development Group USA, Inc. with ARRK Automotive USA, Inc. The new company is expected to provide better communication of new services. In December 2019, Avid Product Development LLC added HP JET FUSION 5210 Industrial 3D Printer and TPU 3D Printing Material to its manufacturing facilities for expansion of its additive manufacturing services. The Jet Fusion 5200 Series 3D printer system is the latest additive manufacturing advancement by HP. Each of these players has been profiled in the conventional and rapid prototyping market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments Global Conventional and Rapid Prototyping Market Snapshot Attribute Detail Market Size US$ 22.11 Bn Value in 2021

7. Market US$ 78.41 Bn Forecast Value in 2031 Growth Rate 14.4% (CAGR) Forecast 2022–2031 Period Historical Data Available 2017–2020 for Quantitative US$ Bn for Value Units It includes cross segment analysis at global as well as regional level. Market Furthermore, qualitative analysis includes drivers, restraints, opportunities, key Analysis trends, Porter’s Five Forces analysis, value chain analysis, and key trend analysis. Market share analysis by company (2021) Competition Company profiles section includes overview, product portfolio, sales Landscape footprint, key subsidiaries or distributors, strategy & recent developments, and key financials

8. Format Electronic (PDF) + Excel Process Subtractive (Traditional Prototyping) CNC Machining Injection Molding Additive (Rapid Prototyping) Stereolithography (SLA) Selective Laser Sintering (SLS) Fused Deposition Modeling (FDM) Multi Jet Fusion Others (DLP, EBM, etc.) Type Proof-of-Concept (PoC) Prototype Market Functional Prototype Segmentation Visual Prototype Others (User Experience Prototype, etc.) Material Metal Polymer Ceramic Others (Plaster and Starch, Foundry Sand Parts, etc.) End-use Industry Aerospace & Defense Consumer Goods & Electronics Automotive Healthcare Others (Film and Animation, Architecture, etc.)

9. Regions North America Covered Europe Asia Pacific Middle East & Africa South America U.S. Canada Germany U.K. France China Countries Japan Covered South Korea India ASEAN GCC South Africa Brazil Companies 3E Rapid Prototyping Ltd. Profiled ARRK North America, Inc. Avench Systems INC Avid Product Development, LLC, CADX TOOLS & TECHNOLOGIES PVT LTD. Graphler Technology Solutions Model Solution Co., Ltd. Star Rapid., Ltd Protolabs

10. Fictiv's ProtoCAM Fathom Digital Manufacturing Core Molding Technologies, Inc. Materialise NV Ant Studio Co., Ltd. IMAGE MODEL Company Limited Empire Group USA, Inc. Kayra Global Xometry Europe GmbH Quickparts Sandvik AB Renishaw plc. Fado Sp. z o.o. Dassault Systèmes SE Axis Prototypes Kickr Design, LLC Customization Available upon request Scope Pricing Available upon request

11. Get Free Sample Interested in this report? Get a FREE sample now! *Get Sample Report (PDF) sent to your email within minutes Frequently Asked Questions How big was the conventional and rapid prototyping market in 2021? The conventional and rapid prototyping market stood at US$ 22.11 Bn in 2021. How the conventional and rapid prototyping market is expected to grow by 2031? How much worth the conventional and rapid prototyping market will be in 2031? Who are the prominent players in the conventional and rapid prototyping market? How big was the U.S. in the global conventional and rapid prototyping market? What is the share of subtractive (traditional prototyping) segment in conventional and rapid prototyping market? What are the prominent trends in the conventional and rapid prototyping market? Which region is more lucrative in conventional and rapid prototyping market?

12. - Help - - Follow Us - Terms Of Use Customer FAQ How To Order Privacy Policy Sitemap U.S Sales Office Corporate Headquarter Reach Us +1-518-618-1030 State Tower, 90 State Street, Suite 700, Albany NY - 12207, United States Downtown, 1000 N. West Street, Suite 1200, Wilmington, Delaware 19801 USA 866-552-3453 (US-Canada Toll Free) sales@transparencymarketresearch.com Trust Online Copyright © Transparency Market Research, Inc. All Rights reserved PDFmyURL.com - convert URLs, web pages or even full websites to PDF online. Easy API for developers!