Military 3D Printing Market Size, Share, Growth Analysis, By Component(Technology, material), By End user(Army, navy) - Industry Forecast 2024-2031

Military 3D Printing Market size was valued at USD 1.09 billion in 2022 and is poised to grow from USD 1.37 billion in 2023 to USD 8.06 billion by 2031, growing at a CAGR of 24.8% during the forecast period (2024-2031).

In the 3D Printing military market, there are several significant players fighting for supremacy over the market share and in order to maintain their market positions. Powerful corporations shape the market with their abundant product lines, good technological experience and maneuvering with armed organizations. These firms have a continuous process of research and development which is aimed at bettering their additive manufacturing and offer specific solutions based on the individual needs of the defense sector. Furthermore, interactions with defense firms, government agencies, and research institutes that work closely together contribute greatly on the growth of their market power and customer base. The new entrants in the market, such as Markforged, Desktop Metal, and HP Inc., that utilize the advancements in additive manufacturing technologies are also succeeding by trying to fulfill the demand within particular markets for military 3D printing. The main trends that contribute to this market are high competition and continuous technological upgrades in the military 3D printing market. 'Norsk Titanium AS (Norway)', 'American ElementsCorporation (The U.S.)', 'Arcam AB (Sweden)', 'The ExOne Company (The U.S.)', 'MarkForged Inc. (The U.S.)', 'S.M.G. 3D (The Stanford Marsh Group) (The U.K.)', 'Engineering and Manufacturing Services Inc. (The U.S.)', 'E.O.S. GmbH (Germany)', 'Cimetrix Solutions Inc. (Canada)', '3T Additive Manufacturing Ltd. (The U.K.)', 'Optomec Inc. (The U.S.)', '3D Systems Inc. (The U.S.)', 'Artec Europe (Luxembourg)', 'Stratasys Ltd. (Israel) and Others'

Technological Advancements and Innovation

Adoption of Additive Manufacturing for Mission-Critical Applications: Nowadays, the military leaders are looking for ways to integrate this technology into their crucial applications, like aircraft components, weapon systems, and vehicle parts. The availability of early prototyping, customization, and production of intricate shapes using 3D printing technologies allows military forces extend their capabilities, improve the performance of the equipment and minimize the involvement of traditional supply chains for spare parts and maintenance.

In the military 3D printing industry, North America is the leading region owing to its strong defense infrastructure, technological advancements, and considerable investment in additive manufacturing. Among the states, it is the US that emerges as a major force in the world arms market, with its huge military budget, besides its focus on R&D in the sphere of military technologies. The U.S. Department of Defense exploration of 3D printing applications for the purpose of the aerospace, defense equipment, and maintenance, repair, and overhaul (MRO) activities is an ongoing process. This region has a well-entrenched network of defense contractors, research institutions, and additive manufacturing firms, where collaboration and innovation thrive in the military 3D printing technologies field. Moreover, the key actors of this region being Lockheed Martin Corporation, Northrop Grumman Corporation, and Boeing Company have made sure that North America remains the leading region in the military 3D printing market.