The global 3D printing market in the education sector was valued at $471 million in 2015 and is expected to surpass $1655 million by 2020, says Technavio.
Technavio has announced its latest market research report on 3D printing in the education sector to its education technology portfolio. This market analysis discusses the major drivers and key emerging trends that will influence the growth of the global 3D printing market in the education sector during the forecast period 2016-2020. Some of the top vendors listed in this industry analysis include 3D Systems, EnvisionTEC, ExOne, and Stratasys.
In terms of geographical analysis, the Americas will account for the largest share of the global market, reaching revenues of more than $634 million by 2020. The market’s growth in this region will be fueled by the upsurge in digitalization of the education system.
“The use of bioprinting technology in the global market is on the rise. 3D bioprinting technology is an advanced technology that is used to regenerate human organs and tissue. It can replicate the biological functions of native human tissue, which is helpful in the drug discovery process. Besides, it has opened up new platforms in the drug research process. Many medical institutions have already benefitted from multiple advancements in 3D printing, resulting in improved and more efficient healthcare processes,” says Jhansi Mary, a lead analyst at Technavio for education technology.
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The new industry research report from Technavio analyzes some of the key drivers and trends responsible for the growth of this market and its sub-segments.
Ability to enhance learning process
The adoption of 3D printing technology in the education sector makes it possible to enhance the quality of illustrations. It also simplifies complex concepts through interactive visualizations. Furthermore, simulation and modeling tools designed through 3D printing devices help explain concepts in 3D and temporal scales. The use of data displays, timelines, and interactive maps offer visual links between lessons taught and new ideas. 3D printing is transforming the learning process of subjects such as physics, environmental sciences, mathematics, and chemistry. The implementation of these technologies in educational institutions has helped students who are struggling with traditional classroom teaching methods. It is also expected to boost the preference for STEM education among students.
Need for experimental learning
Many institutions are focusing on preparing students from the employability perspective, especially for key industries such as manufacturing, healthcare, aerospace, and automotive. As most of these industries require personnel with knowledge in STEM subjects, institutions are required to design their learning spaces and curriculum to meet these industry needs. As a result, institutions are deploying hardware such as 3D printers while consolidating the digital hardware infrastructure. The incorporation of such technologies enables students to perform complicated technical operations apart from acquiring skills such as teamwork and communication.
Emerging delivery models
The advent of online and cloud technology in 3D printing is a trend that is expected to revolutionize the entire process of procuring printers and required products for printing. There is an increase in the preference for online and cloud services to procure 3D printed products among educational institutions. Through cloud and online technology, educational institutions will be able to create and order customized designs from vendors’ websites and get the products directly shipped to schools or institutions. Designs created by institutions can be saved on cloud storage for future references. Such a service requires a one-time, up-front capital investment and can eliminate other expenses associated with service deployments such as raw materials, software maintenance, and support.
Some of the other prominent vendors identified in this report are Graphene 3-D Lab, Materialise, Organovo Holdings, Ultimaker, and Voxeljet.
This research report includes an in-depth analysis and market shares and sizes of the sub-segments and geography. It provides a comprehensive analysis of the key companies, including their market shares, business overview, key financials, etc. The market study also offers a detailed analysis of key drivers, challenges, and opportunities influencing this market.
A more detailed analysis is available in the Technavio report titled, ‘Global 3D Printing Market in the Education Sector 2016-2020‘. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global 3D Printer Market 2016-2020
- Global 3D Printing Materials Market 2016-2020
- Global Printer Supplies Market 2016-2020
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