According to the research report titled ‘South East Asia Industrial 3D Printing Market Analysis, 2020’, available with Market Study Report, South East Asia industrial 3D printing market is predicted to record a considerable growth over 2020-2025.
 

As per the report findings, South East Asia industrial 3D printing market growth can be attributed to soaring demand for customized goods along with increasing number of favorable government initiatives and advanced industrial bases in economies like Malaysia, Thailand, and Singapore. Moreover, large-scale expenditure by top vendors towards R&D activities is positively impacting the industry dyanmics.
 

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For those unversed, additive manufacturing (AM), rapid prototyping (RP), or 3D printing is a manufacturing procedure that utilizes 3D printers to additively build or form 3D components layer by layer by referring 3D computer-aided design (CAD) data.
 

Proceeding further, the research report on South East Asia industrial 3D printing market contains a thorough analysis of other important facets like  challenges and growth opportunities governing the overall business dynamics. It also examines this business domain based on components, type of material, end user scope, distribution, and geographical ambit.
 

Elaborating on technology type, the market is split into electron bean melting (EBM), selective lase melting (SLM), polyjet printing, direct metal laser sintering (DMLS), selective laser sintering (SLS), fused deposition modelling (FDM), and stereolithography. Among these, fused deposition modelling (FDM) segment accounted for a considerable portion of South East Asia industrial 3D printing market share in 2019, creditable to its applications across various 3D printing processes. FDM, owing to its ability to build durable and stable parts as well as benefit of low-cost prototyping, is widely used in several end use sectors including aerospace, consumer goods, automotive, and others.
 

With respect to components, South East Asia industrial 3D printing market is divided into software & services, material, and hardware. Based on type of material, the industry is segmented into metal and plastic.
 

Speaking of end user scope, the market is categorized into manufacturing, consumer produces, architecture & construction, aerospace & defense, healthcare, automotive, and others (education food, energy, etc.). As per distribution type, the industry is segmented into channel partners and direct sales.
 

Considering the regional landscape, Singapore industrial 3D printing industry is projected to witness massive returns over the forecast timeframe. This can be ascribed to increasing investment by firms to deploy 3D printing technology for decreasing wastage and saving time, rising government expenditure on 3D solutions, growing automotive and printed electronics sectors, and continuous technological advancements in 3D printers.
 

Major firms impacting South East Asia industrial 3D printing market trends are Ricoh Company Ltd., Proto Labs Inc., Organovo Holdings, Inc., Materialise NV, GE Additives, ExOne, Renishaw plc, 3D Systems, Inc., Farsoon Technologies, and Stratasys Ltd.