The selective laser sintering (SLS) equipment market is estimated at USD 339.5 million in 2018 and is projected to reach USD 947.4 million by 2023, for both equipment and material, growing at a CAGR of 22.8% from 2018 to 2023, whereas the market for equipment, inclusive of SLS and DMLS, is projected to grow at a CAGR of 27.5% during the forecast period. The growth of the Selective Laser Sintering Equipment Market is propelled by the increasing government investments in 3D printing projects and the ability of the SLS equipment to produce parts possessing good mechanical properties with no build support.

SLS equipment is optimized for both precision and reliability. It integrates the capabilities of laser technology to design and manufacture prototypes for use across the entire value chain in the product development cycle. SLS process can be used to produce parts that closely mimic the properties of finished parts, particularly where high accuracy is required. SLS prototyping is applicable across industries, such as automotive, aerospace and aeronautics, healthcare, consumer goods, and art and fashion, as complex shapes can be achieved using this process. SLS is ideal for 3D-printed components with complex geometries and parts with internal cavities. Market for SLS equipment is driven by the ability of SLS equipment to produce parts possessing good mechanical properties with no build support helping companies reduce their manufacturing costs and a product's time to market.

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The market for metal-based SLS equipment is expected to grow at the highest rate during the forecast period. Key factors contributing to the growth of this market include increasing demand for SLS equipment for prototyping and functional prototyping due to its ability to produce parts with good mechanical properties and a high level of details. Unlike other 3D printing technologies, SLS equipment requires no support for building objects, which makes it more useful across diverse application areas.

The overall SLS equipment market has been segmented on the basis of laser type, material, application, industry, and geography. By material, the SLS equipment market has been segmented into metal and nylon. The market for metal-based SLS equipment is expected to grow at the highest CAGR during the forecast period. Due to extensive demand for sophisticated, accurate, and complex designs in aerospace and aeronautics, and healthcare industries (for medical devices and surgical instruments), metal-based SLS equipment is expected to witness increased adoption worldwide in the coming years. The growth of the SLS equipment market is largely propelled by the ability of SLS equipment to produce parts possessing good mechanical properties with no build support.

Technological advancements and growing adoption of technology in a vast range of industries contribute to the largest share of North America. The SLS equipment market in APAC is expected to grow at the highest CAGR during 2018–2023 driven by the increasing adoption of SLS equipment in several verticals, such as consumer goods, aerospace, automotive, healthcare, and art & fashion.

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