India 3D Printing Market
In. India is presently seeing a boom in it. Due to its many advantages, this
The Indian market, while still in its infancy, is setting the path for ongoing expansion. The development of a solid market base for manufacturers and the current driving forces behind market growth are declining costs of 3D
Present scenario of 3D Printing
Some of the leading Indian 3D printing companies have proven their mettle in their respective industries. They are utilizing a variety of techniques to develop the 3D printing industry, for instance
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The Agnikul Cosmos and Skyroot Aerospace have signed official Memorandums of Understanding (MOUs) with the Indian Space Research Organization (ISRO) in recent months. They were given access to the ISRO's resources and knowledge about the creation and testing of space launch vehicles. ISRO is also experimenting with fibre printing for its components suitable for space. . A crucial component of an aeroengine made by Wipro 3D and Hindustan Aeronautics Ltd. has received certification from the Defense Research and Development Organization. Along with DRDO and ISRO, the Indian Army, Indian Navy, and Indian Air Force are attempting to set up their own 3D printing facilities so they can make the necessary parts and do more research on this technology.
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The first business in Asia to establish internal fiber 3D printing capabilities was Fabheads, another firm with a focus on the composites manufacturing sector. Numerous awards have been received by it, including the esteemed iDEX prize for the development of carbon fiber helicopter blades for the Indian Air Force. A first for a 3D printing business, Fabheads was also named National Startup of the Year 2020. Divide By Zero became the first Indian business to offer a 3D printer that it had built in-house for Americans. Early in 2021, L&T Construction succeeded in 3D printing the first two-story building in history. This construction was made utilizing a special concrete mixture.
Recent Developments
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The launch of the iFusion LF series, a large format range of Metal 3D Printers with a high build rate for cost-effective manufacturing, marked the beginning of a successful year for the Indian 3D Printing Industry in 2021. Intech Additive Solutions Pvt. Ltd. (Intech), India's first Metal 3D printer manufacturer and a leading 3D printing company in India, made the announcement. This signalled a growth in the company's selection of metal 3D printers.
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The Engine Division of Hindustan Aeronautics Ltd. (HAL) and Wipro 3D, the metal additive manufacturing (AM) division of Wipro Infrastructure Engineering (WIN), announced that their agreement led to the production of a metal 3D-printed aviation engine component.
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In February 2021, Divide By Zero, India's one of the largest domestic 3D printer manufacturer and a well-known 3D printing company in India, secured a US patent for its new Advanced Fusion Plastic Modeling TM (AFPM) 3D printing technology. This was a significant accomplishment for the Indian 3D Printing Industry. Comparatively speaking, Fused Filament Fabrication (FFF), another widely used and found at 3D printing process, is inferior to and less dependable than AFPM.
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The Andhra Pradesh MedTech Zone (AMTZ), the first medical device park in India, opened a 3D bioprinting facility to create artificial organs using 3D bioprinting as part of the Bio Harmonized Aids for Rehabilitation and Treatment (BHARAT) initiative to advance diagnosis and treatment. This is a fantastic development for the Indian 3D printing market.
The Andhra Pradesh government's main initiative, the AMTZ, aims to increase public access to healthcare by producing domestic medical technology goods in the nation. One of the notable businesses in the MedTech zone is Think3D, one of India's major providers of 3D printing services. Through its 17,500-square-foot facility, AMTZ primarily caters to the medical devices sector. Think3D also provides services to a wide range of other markets, including aerospace, marine, automotive, architecture, prototyping, and so on.
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The first 3D-printed house in India was virtually inaugurated in Chennai by Smt. Nirmala Sitharaman, the Hon'ble Minister of Finance and Corporate Affairs of the Government of India. The house was planned, built, and 3D printed by Tvasta Manufacturing Solutions, an IIT Madras alumni startup. The 3D-printed home serves as a proof-of-concept building to showcase and highlight the technology for usage in the building sector. The 3D-printed home was built on the IIT Madras campus.
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Market Segmentation
The India 3D Printing Market is divided into Component, Printer Type, Technology, Process,Vertical, regional distribution and competitive landscape. Based on Component, the market is divided into Hardware, Software and Services. Further, the Software sub-Segment is fragmented into Design Software, Inspection Software, Printer Software, and Scanning Software. Based on Printer Type, the market is segmented into Desktop 3D Printer and Industrial Printer. Based on Technology, the market is divided into
Market Players
Major market players in the India 3D Printing Market
| Attribute | Details |
| Base Year | 2022 |
| Historic Data | 2018– 2021 |
| Estimated Year | 2023 |
| Forecast Period | 2024 – 2028 |
| Quantitative Units | Revenue in USD Million, and CAGR for 2018-2022 and 2023E-2028F |
| Report Coverage | Revenue forecast, company share, growth factors, and trends |
| Segments Covered | Component Printer Type Technology Process Vertical |
| Regional scope | North Region, South Region, West Region and East Region |
| Key companies profiled | Aha 3D innovations Pvt Ltd, 3D Print India, Imaginarium India Pvt. Ltd, J Group Robotics, Dev Engineering, Altem Technologies Ltd, Wipro Enterprises Pvt Ltd, Sahajanand Technologies Private Limited, Aurum 3D, 3D Spectra Technologies LLP |
| Customization scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and purchase options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
