How is the 3D Printing Market positioned in UAE?
UAE 3D Printing Market Overview:
3D printing as a technology has its roots dating back to 1981 however in UAE the market quickly picked up pace because of progressive policies by the UAE government. 3D printing has been majorly dominated by the rapid and functional prototyping and due to which, in near future it is anticipated that industries such as Automobile, Healthcare, Aerospace and others will be leading the development of the 3D printing industry.
The UAE 3D printing market has increased at a double-digit CAGR during the period 2016– 2021P. The growth is attributed to various policies suggested by the government since 2016 to support the growth of the 3D printing industry. Restrictions on free trade and imports in UAE due to Covid-19 contributed to the initiation of local manufacturing of the products using 3D printing technology. The intensification in the global research and development in 3D printing has led the technology to achieve new innovations, making it easier for use by a layman.
UAE 3D Printing Market Future Outlook:
By Component:
The current trend in the industry is towards the 3D Printing service providers, followed by the ownership of printers. Technology advancement in the future is inevitable, and with further advancement, the technology will become more efficient and widely used. This will lead to an increased ownership of 3D printers in the future, and hence reduce the reliability of individuals on 3D printing service providers.
By Application:
Prototyping is currently the most widely used application of 3D printing in UAE as majority of the products being created are still in the modelling phase. For example, 3D printing for construction purpose is still being tested majorly for research purposes at the moment, and have not been commercially been rolled out by companies. However, in the coming years, it is anticipated that these prototypes may even shift to the manufacturing or the tooling processes
By End User:
The Covid-19 pandemic came in as a game-changer for UAE. From being totally reliant on imports for most of the products, they were left with no option but to manufacture amidst the international trade bans, and travel restrictions. UAE 3D Printing Companies started to produce masks, face shields, and more healthcare related equipment to support the increasing demands of such products during the pandemic, leading to healthcare segment utilizing 3D Printing technology the most, followed by Machinery, Consumer goods and aerospace industry.
By 3D Printing Technology:
FDM Technology is the most widely used technology in the 3D Printing space at the moment, in volume. However, when it comes to value, there is no clear winner. New and upcoming technologies like WASP, Color jet printers might overpower the existing FDM Technology.
By Material:
Currently, Polymers is the material that is primarily used for prototyping, hence, is the most common material being used for 3D Printing in UAE. Over the period of years, as the primary use of 3D Printing shifts from prototyping to manufacturing, materials like metals would become more prevalent for the 3D Printing technology.
By Region:
Over the period of years, Dubai has become the technological hub in UAE. Dubai has been the clear leader among the other Emirates, when it comes to 3D printing. Most of the regional companies, are based out in Dubai, providing easy access to the local population to such technologies.
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UAE 3D Printing Market Competitive Landscape:
The industry is currently highly fragmented with presence of ~250 global players and ~80 regional players operating in the 3D Printing space in UAE. The Global Players like 3D Systems Corporation, Stratasys Ltd, SLM Solutions Group, Materialise NV and others are currently leading the market as these companies have been able to establish themselves in the market due to their capability of introducing technological advancements to the 3D Printing Industry.
What is the future of UAE 3D Printing Market?
The UAE 3D printing market is expected to witness positive growth at a double-digit CAGR over the forecast period, 2021P-2026F. Technological Advancement will be seen in the industry such as, new and upcoming technologies like WASP & color jet printers might overpower the existing FDM Technology in the 3D Printing industry. Over the forecasted period, it is predicted that the application of 3D Printing will shift from prototyping to manufacturing, and there will be a significant change in the type of materials that are used for the 3D Printing Technology.
Key Factors Considered in the Report
- Executive Summary
- Jumbo 3D Printing Manufacturing company in UAE
- UAE 3D Printing Market Flowchart
- Difference between Traditional Manufacturing and Additive Manufacturing
- Value Chain Analysis
- Ecosystem for the 3D Printing Market
- Business Cycle for the 3D Printing Market
- Global Patent Analysis
- 3D printing Market Size, 2016 – 2021P
- 3D printing Market Size, 2021P- 2026F
- UAE 3D Printing Market Segmentation, 2021 & 2026
- Growth Drivers, Trends and Developments
- SWOT Analysis
- Government Regulations for the 3D Printing Market
- Competitive Landscape – Cross Comparison of Major Players
- Company Profiles
- Analyst Recommendations
- Research Methodology
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