Slicing Software Market Future Estimations Till 2030

[Business Point 2021]

The rapid expansion of the 3D printing industry is pushing up the requirement for slicing software across the world. This is because of various factors such as the burgeoning demand for improved product manufacturing operations, soaring investments by public and private organizations, the increasing requirement for rapid prototyping, and the growing demand for mass customization. Automotive, construction, manufacturing, and aerospace are some of the major industries that are heavily using 3D printing for several purposes.

These industries are heavily utilizing advanced 3D printers for achieving accurate prototyping and improved production capacity. Some of the major application areas are 3D-printed aircraft parts and components, 3D-printed prosthetics and implants, and 3D-printed vehicle seats. The extensive usage of the 3D printing technology by numerous healthcare companies is also boosting the popularity of slicing software across the globe. In the healthcare industry, 3D printing is used for various applications such as the manufacturing of wearable devices and surgical equipment.

Additionally, this technology is also required for tissue engineering, image processing, and 3D-printed prosthetics. 3D printing provides various advantages such as very less risk of infections because of prosthetic devices, reduced requirement for anesthesia, and less operative risks during complex processes. Because of these reasons, the adoption of 3D printing is rising rapidly around the world. This is, in turn, fueling the demand for slicing software, thereby driving the progress of the global slicing software market.

The valuation of the market is predicted to rise from $422.2 million in 2019 to $2,202.5 million by 2030. Furthermore, the market is predicted to progress at a CAGR of 16.7% between 2020 and 2030. Depending on technology, the slicing software market is divided into stereolithography, fusion disposition modelling (FDM), and digital light processing (DLP). Amongst these, the FDM category recorded the highest growth in the market in the past years.

Hence, it can be said with surety that the demand for slicing software would surge across the world in the coming years, mainly because of the rising adoption of 3D printing technologies in various industries.