Potential Impact of COVID-19 on Slicing Software Market Analysis on Current Trends and Growth


Posted September 16, 2021 by devanshu

P&S Intelligence predicts the slicing software market value to increase from $422.2 million in 2019 to $2,202.5 million by 2030, at a 16.7% CAGR between 2020 and 2030 (forecast period).

 
In recent times, 3D printing has emerged as a popular manufacturing technology as it quickens up the process, allows for the creation of complex parts, enables mass customization, saves material, and checks wastage. Hence, with the burgeoning industrial production, the usage of the 3D printing technology is growing.

Every industry imaginable, including aerospace & defense, jewelry, healthcare, automotive, architecture & construction, industrial manufacturing, energy, education, consumer products, food & culinary and printed electronics, is using 3D printing in some capacity. This is why P&S Intelligence predicts the slicing software market value to increase from $422.2 million in 2019 to $2,202.5 million by 2030, at a 16.7% CAGR between 2020 and 2030 (forecast period).

This is because any structure or object to be made by 3D printing, also known as additive manufacturing, needs to be first conceptualized and designed in the computer-aided design (CAD) software. The slicing software acts as an intermediate between the 3D CAD model of the object and the 3D printer, converting the design into the G-code format, for the printer to follow.

Presently, the demand for cloud-based slicing software is rising around the world because it easily connects with the printer, allows the printer to be controlled from multiple locations, and remotely prints objects. Moreover, any cloud-deployed software allows for employee mobility and saves IT expenses. Hence, an increasing number of software companies are offering slicing software that can be accessed via the cloud. For instance, Dremel, a part of Robert Bosch GmbH, introduced Dremel Digilab, 3D slicing software, in January 2018.

This market research report provides a comprehensive overview of the market

The Future potential of the market through its forecast for the period 2020– 2030
* Major factors driving the market and their impact during the short, medium, and long terms
* Market restraints and their impact during the short, medium, and long terms
* Recent trends and evolving opportunities for the market participants
* Historical and the present size of the market segments and understand their comparative future potential
* Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
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Issued By Devanshu
Country United States
Categories Business
Last Updated September 16, 2021