Date: Mar 2023
Date: Mar 2023
According to the Market Statsville Group (MSG), the global 3D Printing in Education market size is expected to grow from USD 304.19 billion in 2022 to USD 949.30 billion by 2033, at a CAGR of 10.90% from 2023 to 2033.
The 3d printing in the education market consists of sales of 3d printing in education services by entities (organizations, sole traders, and partnerships). The global economy has undergone the most inclusive transformation and digitalization in the education industry, giving rise to digital education. Recently, 3D printing in education has gained significant traction and is increasingly becoming relevant in the field of education, since it facilitates learners to explore their learning pathways and promotes education to take place in the classroom with a better leaning experience. In additional, world has undergone the most inclusive transformation and digitalization in the education industry. With the increasing investments by government, private and public organization has accelerated the adoption of smart technologies in education sector which results in driving the growth of the market. On the other hand, education institutions around the world's decision to move towards advanced technologies and adoption of 3D printing have amplified the learning experience, however, it brings pre-existing and fresh privacy concerns related to technology. This is expected to pose a major threat to the growth and adoption of 3D printing during the forecast period. Moreover, the adaption of the cloud-based solution has been growing rapidly in education, and more computing needs are driven by the advent of IoT, AI, and Big Data. The accelerating demand for cloud technology on the back of the digital age has insisted education infrastructures to deploy cloud-based solutions by replacing traditional systems of the management process. This will create more opportunities in the market for the upcoming period.
The overall 3d printing in education market has been segmented into type, end user, and region.
Stereo-Lithography segment is expected to grow at the highest CAGR during the forthcoming. Stereolithography (SLA) 3D printing is the most widely used resin 3D printing technology, and it has grown in popularity due to its ability to manufacture high-accuracy, isotropic, and waterproof prototypes, and end-use components in a variety of sophisticated materials with fine details and a smooth surface finish. SLA products offer the best resolution and precision, the finest details, and the nicest surface finishes of any 3D printing technology, but stereolithography's major advantage is its adaptability. These factor will boost the market growth of this segment over the forecast period.
Over the forecast period, the Asia Pacific market is expected to grow rapidly. The growing knowledge about the importance of smart education around India, China, Pakistan, and many more will boost the market for the forecasting period. One-quarter of the world’s school-age children live in Asia and Pacific. And the increase in school age population in this region, the market will witness the tremendous growth over the forecast period.
This research report includes a study on the development and marketing strategies, along with a study on the product portfolios and winning strategies of the leading companies operating in the 3d printing in education market. It also consists of the profiles of leading companies such as Creality, Ultimaker, Makerbot, Prusa, XYZPrinting, Raise3D, Flashforge, Anycubic and JG Maker. The key players' growing research and development activities for launching innovative healthcare devices with advanced features and strategic unions are expected to drive market growth.
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