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    Expert's Opinion

    IDC Forecasts Worldwide Spending on 3D Printing to Reach $23 Billion in 2022

    Expanding with a five-year compound annual growth rate (CAGR) of 18.4%.

    IDC Forecasts Worldwide Spending on 3D Printing to Reach $23 Billion in 2022
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    International Data Corporation08.06.18
    A new update to the Worldwide Semiannual 3D Printing Spending Guide from International Data Corporation (IDC) shows global spending on 3D printing (including hardware, materials, software, and services) growing to $23 billion in 2022 with a five-year compound annual growth rate (CAGR) of 18.4%. IDC forecasts worldwide spending to exceed $14 billion in 2019, an increase of 23.2% over 2018.
     
    Together, 3D printers and materials will account for roughly two-thirds of the worldwide spending total through-out the forecast, reaching $7.8 billion and $8 billion respectively in 2022. Services spending will reach $4.8 billion in 2022, led by on-demand parts services and systems integration services. Purchases of 3DP software will grow more slowly than the overall market with a five-year CAGR of 16.7%.
     
    “3D printing solutions are gaining traction outside of the traditional industries of aerospac

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    Stay ahead of the fast growing field of flexible and printed electronics, an emerging industry that promises to revolutionize the methods in which electronic components and systems are manufactured. Flexible and printed electronics covers smart packaging and labels, sensors and wearables, solar cells, displays and lighting, batteries, medical devices, military equipment, and much more.

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    CURRENT ISSUE

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