The U.S. 3D print market remains “white hot”, fueled by the explosion of 3D print manufacturers from around the world that are setting their sites on the market, according to new research from International Data Corporation (IDC).
IDC says the U.S. is the world's largest market for 3D printers, with hardware revenues expected to approach $1.5 billion by 2019.
The increasing demand to reduce manufacturing cycle times and to reduce prototyping costs are major drivers of 3D printing.
"The technologies that enable 3D printing continue to develop and expand in nearly every direction," Tim Greene, research director, Hardcopy Solutions at IDC, said in a statement. "These technologies can help deliver larger, more accurate, and more solidly built models in a fraction of the time."
With key patents expiring in 2014, stereolithography (SLA) technologies, which offer the potential to increase speed and build size, are being more widely explored, the report says.
For the study, U.S. 3D Printer Forecast, 2015-2019, the IDC market sizing and forecasts are presented in terms of shipments of new printers and the revenue derived from the sale of those units. IDC calculates the revenue opportunity by multiplying the number of printer shipments by the selling price of those printers.
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