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

Global 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).

3D printing, also referred as the additive manufacturing, allows the printing of a part layer by layer from a 3D CAD model. It is possible to shorten the lead time and decrease the cost of producing prototypes and complex parts by 3D printing. No specialized tools like cutting tools and molds are required for the printing. The materials that make up 3D printing are composed of plastics, metals, ceramics, and many more. The type of a printing material is determined by the qualities you want the printed object to possess. In certain 3D printers, the printing process can use a combination of materials according to requirements, thereby simplifying the production process. Nowadays, the defense industry has been using the 3D printing technology for creating simple components and parts as well as weapons and equipment while effectively reducing manufacturing time.

3D printing includes an extensive array of materials to create a three-dimensional object or a part. These materials are different and own special characteristics, advantages and disadvantages. Furthermore, considerations related to the type of material, texture, cost, and others are necessary to prevent any mistake in 3D printing. Both titanium, aluminum and steel are utilized as raw materials in 3D printing operations. These materials come in granules and are used in aviation, defense, and other similar fields.

Global military 3D printing market is fast growing with the help surge in military applications, increase in investments of armed forces in technology, and rise in adoption of lightweight components. On the other hand, complex hardware & software development as well as lack of process standardization may be the causes of decline of the market. Moreover, technological advancements are what is projected to be the catalyst of the growth during the forecast period.