Global 3D Printing Market in Education: Research Report

Global 3D Printing Market in Education: Research Report 2015-2019 Reveals Increasing R&D Spending by Vendors

DUBLIN, Oct. 23, 2015 — (PRNewswire) — Research and Markets ( http://www.researchandmarkets.com/research/wjrlcg/global_3d) has announced the addition of the "Global 3D Printing Market in Education: Research Report 2015-2019" report to their offering.

The global 3D printing market in education to grow at a CAGR of 48.33% over the period 2014-2019.

The report, Global 3D Printing Market in Education 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers APAC, Europe, North America, and ROW; it also covers the landscape of the market and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Vendors in this market are increasingly investing in R&D to provide better functionality and innovative products. These investments have enabled vendors to capture a significant market share and gain a competitive edge over other vendors 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. This increased R&D spending by vendors is a trend that is expected to have a positive impact on the growth of the market during the forecast period.

According to the report, post-recession, the economic scenario for manufacturing industries has improved, creating more job opportunities. This has resulted in a higher number of students graduating from STEM fields. In developed nations, apart from sophisticated R&D facilities in leading manufacturing companies, universities that have technical courses are implementing the latest teaching methods. This has facilitated the rising penetration of 3D printing in universities for graduate and postgraduate courses. 3D printing will also gradually eliminate the need for the dissection of bio-organisms in medical educational institutions. Necropsynth is the latest project being executed to determine the feasibility of 3D modeling to develop a synthetic prototype model of animals that can be used in medical and research laboratories.

Further, the report states that high cost of printers increases the number of students per machine and limits their understanding of concepts.

To calculate the market size and vendor shares, the report considers revenue from the education institutions through the sales of: