The increasing application of 3D printing in the aerospace, jewelry, healthcare, and automotive sectors, soaring demand for integrated slicing software, and rising need for improved manufacturing speed will propel the slicing software market at a CAGR of 16.7% during the forecast period (2020–2030). The market generated $422.2 million in 2019, and it is expected to reach $2,202.5 million by 2030.
Currently, cloud-based slicing software is becoming popular, as it enables easy connection with 3D printers, remote printing and slicing, and easy management of 3D printers from different locations. The widening application base of 3D printing is leading to the growth of the slicing software market, globally.
The application has increased because of the growing requirement for better product manufacturing processes, escalating demand for rapid prototyping, rising need for mass customization, and surging investments by the private and public sectors for the development of the 3D printing technology. Major industries, such as construction, aerospace, manufacturing, and automotive, are utilizing 3D printing for accurate prototyping and enhanced production capacity.
Moreover, the escalating usage of the 3D printing technology in the healthcare sector is a key factor supporting the market advance. The healthcare industry uses 3D printing to manufacture wearable devices and equipment. Other applications of this technology include image processing, 3D-printed prostheses, and tissue engineering. 3D printing provides several benefits, such as reduced anesthesia requirement, lower risks during complex operative procedures, and minimized risk of infections related to prosthetic devices.
Owing to these advantages, the application of slicing software is expected to escalate here in the coming years. The product type segment of the slicing software market is bifurcated into standalone and integrated. Under this segment, the integrated category accounted for the larger market share in 2019 due to the high demand for analysis, repairing, design optimization, model simulation, and machine integration features.
This market research report provides a comprehensive overview of the market
* Future potential of the market through its forecast for the period 2020– 2030
* Major factors driving the market and their impact during the short, medium, and long terms
* Market restraints and their impact during the short, medium, and long terms
* Recent trends and evolving opportunities for the market participants
* Historical and the present size of the market segments and understand their comparative future potential
* Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings