LONDON — (BUSINESS WIRE) — September 25, 2015 — Technavio has published a new report on the global 3D printing market in education, which is expected to grow at a CAGR of almost 45% from 2015-2019.
About the Report
According to the latest report by Technavio, the economic scenario for manufacturing industries has improved post-recession, creating more job opportunities and increasing the number of students graduating from STEM fields. Universities in developed nations that have technical courses are implementing the latest teaching methods.
“The implementation of latest technology has facilitated the rising penetration of 3D printing in universities for graduate and postgraduate courses, which in turn drives the overall market growth,” says Faisal Ghaus, Vice President of Technavio.
The latest report by Technavio also underlines the vendors in this market that are increasingly investing in R&D to provide better functionality and innovative products, enabling them to capture a significant market share and stay competitive in the market.
“Vendors such as 3D Systems, Arcam, and Stratasys have already invested heavily in R&D for the expansion of their product portfolio,” says Ghaus.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and growth prospects of the global 3D printing market in education from 2015-2019. To calculate the overall market size and vendor shares, we use revenue generated through the sales of printers, materials, and services to educational institutions.
Key Information Covered in the Report:
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Key Vendors:
- 3D Systems
- EnvisionTEC
- ExOne
- Stratasys
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Market Growth Drivers:
- Need for experiential learning
- For a full detailed list, view our report.
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Market Challenges:
- High cost of printers
- For a full detailed list, view our report.
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Market Trends:
- Increased R&D spending by vendors
-
For a full detailed list,
view
our report.
Technavio
currently has more than 3000 market research reports on a huge range of topics, including 200+ reports on the 3D printing market:
- Global 3D Printing Market in Electronics Industry 2015-2019
- Global 3D Printing Market in Healthcare Industry 2015-2019
If you are interested in more information, please contact our media team at media@technavio.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150925005006/en/
Contact:
Technavio Research
Jesse Maida, Media & Marketing Executive
US:
+1 630 333 9501 UK: +44 208 123 1770
www.technavio.com
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